Binance CEO Changpeng Zhao has claimed that the company “does not own any equity” in Zanmai Labs, the parent company of Indian crypto-exchange WazirX. This, a day after India’s Enforcement Directorate...
Tag: Reports
Jack Dorsey’s Block Reports $36M Impairment Loss on Bitcoin Holdings
Block Inc., the digital payments company co-founded by Jack Dorsey, reported a $36 million Bitcoin impairment loss in the second quarter, something the company attributed to “broader uncertainty aroun...
Jack Dorsey’s Block reports profits of $1.5B in the second quarter
The CEO of Block, Jack Dorsey, has reported a 29% increase in its year-on-year profits to $1.47 billion during the second quarter. However, the Bitcoin business of the digital payments firm recorded a...
Is Novavax’s latest wins about to help it shed the meme tag when it reports earnings?
Novavax, Inc. (NASDAQ:NVAX) is not the usual meme stock akin to GameStop and AMC. However, it has often been at the center of retail investor interest at the slightest of the news. Things will not lik...
Cooper Standard Reports Second Quarter Results, Reaffirms Full-year Guidance for Adjusted EBITDA
NORTHVILLE, Mich. –News Direct– Cooper Standard Holdings Inc. Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results for the second quarter 2022. Second Quarter 2022 Summary Sale...
Zipmex Resumes Some Z Wallet Withdrawals, Deny Bankruptcy Reports – crypto.news
A leading Asia pacific exchange, Zipmex, will resume previously halted withdrawals from Z wallets, and has denied false allegations about its bankruptcy made on 2nd July 2022. Furthermore, the company...
Block reports 34% drop in Cash App bitcoin revenue, takes $36 million charge in Q2
Payments company Block (SQ) announced second quarter results Thursday that showed bitcoin revenue from its Cash App product fell 34% to $1.79 billion, with the company taking a $36 million charge on i...
Singapore’s largest bank DBS reports Q2 earnings
DBS Group CEO Piyush Gupta said the bank’s wealth management and capital markets businesses continue to see “headwinds,” despite the bank reporting robust second-quarter earnings. &#...
MicroStrategy Reports $917M Bitcoin Impairment Charge as Saylor Steps Aside
MicroStrategy took a non-cash digital impairment charge of $917.8 million in the second quarter of 2022, according to its Q2 2022 earnings call on Tuesday. An impairment charge describes a drastic red...
Chainalysis reports $2B lost in cross-chain bridge hacks
Research conducted by blockchain data platform Chainalysis estimated that $2 billion was lost from cross-chain bridge hacks so far in 2022. Chainalysis stated in the report that the issue now “represe...
Ford reports big jump in July sales, including for trucks and EVs
Ford F-150 Lightning at the 2022 New York Auto Show. Scott Mlyn | CNBC DETROIT – Ford Motor’s U.S. vehicle sales last month showed notable improvements in volumes and truck availability, as the ...
CoinShares reports $21.7M loss tied to Terra implosion
On Tuesday, European cryptocurrency investment firm CoinShares posted its interim Q2 2022 results. Compared to the prior year’s quarter, the firm’s revenue declined from 19.6 million pound...
Terra (Luna) Mounting Legal Woes Continue As New York Attorney’s Office Urges Victims To File Reports
– Advertisement – Terra’s legal woes grow. In a press release on Monday, New York Attorney General Letitia James urged victims of the Terra ecosystem collapse to file a report with the a...
PayPal reports below-expected quarterly earnings
PayPal’s separation from eBay contributed to the payment service’s disappointing quarterly earnings and guidance this quarter. PayPal’s quarterly disappoints analysts PayPal’s quarterly report is belo...
MicroStrategy Reports $918M Impairment Charge on Bitcoin Holdings in Q2
The company’s 129,699 bitcoins held at the end of June 30, 2022, were acquired for approximately $4 billion, reflecting an average cost per bitcoin of approximately $30,664, the company reported...
Reports Say Beijing Attacking Taiwan Could Lead to ‘Far-Reaching Economic Consequences’ – Coinotizia
While the global economy remains gloomy and the war in Ukraine continues, there’s been significant tension between China and Taiwan. The American representative from California, Nancy Pelosi, plans to...
Reports Say Beijing Attacking Taiwan Could Lead to ‘Far-Reaching Economic Consequences’ – Economics Bitcoin News
While the global economy remains gloomy and the war in Ukraine continues, there’s been significant tension between China and Taiwan. The American representative from California, Nancy Pelosi, plans to...
Cboe reports $460 million write-down on ErisX acquisition
During its second-quarter earnings call on Friday, exchange operator Cboe reported a $460 million write-down on its recent purchase of ErisX, a crypto asset exchange acquired by the firm in May to hel...
India Reports First Monkeypox Death As Major U.S. Cities Declare Health Emergency
Topline India reported its first death from monkeypox on Monday, marking the fourth fatality during this outbreak in countries that haven’t previously witnessed it, after both Spain and Brazil confirm...
Binance CEO Deny Reports That Exchange Lost Billions in Revenue And 90% of Users After Implementing KYC
– Advertisement – Reports that Binance lost billions of dollars in revenue and 90 percent of its users after adopting KYC are false, according to Binance CEO Changpeng Zhao (CZ). Binance...
ETH 2.0 Receives Support From Tether Despite Reports of Delays
The future of ETH 2.0 hangs in the balance, but Tether, issuer of the USDT stablecoin, has fanned the embers of hope among believers by announcing its full support. Tether’s Chief Technology Officer (...
Ford Reports Impressive Q2 2022 Financial Results Despite Supply Chain Constraints
The Q2 2022 report is a turnaround for Ford, which saw a net loss of $3.1 billion in Q1. Automobile manufacturer Ford (NYSE: F) was able to achieve solid earnings in Q2 2022 despite the challenges its...
Eurozone Beats GDP Estimates But Its Largest Economy Germany Reports 0% Growth
Topline The eurozone’s second quarter GDP growth beat analyst estimates but Germany—the region’s largest economy—stagnated, highlighting uneven growth in the region which continues to face record infl...
Greek Police Scramble to Catch Onecoin’s ‘Cryptoqueen’ Ruja Ignatova, Local Media Reports – Bitcoin News
Law enforcement in Greece has recently tried to locate Ruja Ignatova, founder of the infamous Onecoin pyramid scheme. According to a leading Greek daily, investigators acted on intelligence suggesting...
Apple reports record revenue of $83B amid high inflation
Apple (AAPL) released its Q3 earnings on Thursday, beating analysts’ expectations with record revenue of $83 billion despite fears of rising inflation. Here are the most important numbers from t...
NFT Projects Lost $22M to Largely the Same Hackers on Discord: Reports
Two Web3 security firms have issued reports focused on the recent scourge of hacks targeting NFT projects, likely by a linked group of hackers using compromised Discord server administrator accounts. ...
Amazon Reports Earnings Today. What to Expect.
Text size Amazon Web Services, the company’s cloud computing arm, is expected to boost revenue 33% in the quarter from a year ago. Stefano Guidi/Getty Images Amazon ’s June quarter financial report is...
Apple and Amazon Q2 Earning Reports Incoming: Can This Impact Crypto?
Word on the street is big tech earnings by FAANG companies for quarter two might disappoint. The question is if this will have an impact on the broader market and, consequently – cryptocurrency. Apple...