Tag: crypto

Query from Rep. Emmer US Treasury With Regard to Tornado Cash Sanctions

Query from Rep. Emmer US Treasury With Regard to Tornado Cash Sanctions

Tom Emmer recently wrote to US Treasury Secretary Janet Yellen to ...

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Can Shiba Inu (SHIB) Continue 'Barking' During the Launch of Shibarium

Can Shiba Inu (SHIB) Continue ‘Barking’ During the Launch of Shibarium?

The development team behind Shiba Inu’s layer2 technology Shibarium is Unification ...

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WAVES What are shorting traders to do when $5.9 becomes resistance

WAVES: What are shorting traders to do when $5.9 becomes resistance?

From $4.5 to $7.15 in the preceding week, Waves’s price increased ...

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In Latin America, Bitso and Ripio Announce Crypto Cards

In Latin America, Bitso and Ripio Announce Crypto Cards

In Latin America, crypto credit and debit cards are becoming increasingly ...

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Coinbase's CEO, Brian Armstrong, cited various reasons for the action, including the possibility of a slowdown, the excessive deployment of funds during the 2021 bull market, and excessive investment in the past. The company's Q1 statistics reveal a 27% reduction in revenue compared to the same period last year. The monthly trade volume decreased by nearly 44%. In addition, the number of monthly customer base decreased to 9.2 million from 11.4 million users. Professional Opinion Not even COIN stock was an example. It has lost more than 30% in the past month. In addition, researchers poured gasoline to the fire by rating the company, with Goldman Sachs and Moody's being among those to do so. Moody's most recent downgrading cited several variables that support Coinbase's bleak prognosis. For example, the cost of fees. According to Moody's, Coinbase generates more money amidst high crypto prices and increasing user trading activity. Since the beginning of market declines in the crypto area, revenue has been stagnant. Moody's intends to further lower COIN as crypto values decline. Regarding the future of Coinbase, experts at Goldman Sachs shared a similar perspective. Goldman Sachs believes Coinbase will face difficulties producing revenue in light of falling cryptocurrency prices. It anticipates additional layoffs to reduce expenses. In addition, Goldman Sachs predicts that Coinbase's Y/Y revenue will decline by nearly 60% without employee layoffs. Under the present market conditions, COIN stock will remain under pressure.

Coinbase Stock (COIN) May Continue to Fall – Here’s Why

Even during crypto winter of 2018, there were no limited by ...

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Crypto investor Tim Draper says women may drive the next BTC bull market.

Crypto investor Tim Draper says women may drive the next BTC bull market.

Tim Draper, a well-known billionaire investor, underlines that in the upcoming, ...

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The USD Will Soon Collapse – Report

The USD Will Soon Collapse – Report

Last month’s unexpected devaluation of terra’s USDT assets left a bitter ...

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SEC Gary Gensler considers Bitcoin to be a Good.

SEC Gary Gensler considers Bitcoin to be a Good.

The Chairman of the US SEC, Gary Gensler, expressed his view ...

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Catalonia Is Moving Forward With Its Own Metaverse, Claims the Minister of Innovation.

Russian Legislators Approve Cryptocurrency Tax Regulations

The Russian parliament has reportedly adopted a crypto change to the ...

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Goldman Sachs downgrades Coinbase.

Goldman Sachs downgrades Coinbase.

Goldman Sachs researchers have lowered their evaluation of Coinbase Inc. This ...

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  • bitcoinBitcoin (BTC) $ 63,496.00 0.35%
  • ethereumEthereum (ETH) $ 3,085.75 1.5%
  • tetherTether (USDT) $ 0.999878 0.01%
  • bnbBNB (BNB) $ 591.78 0.11%
  • solanaSolana (SOL) $ 155.41 7.12%
  • usd-coinUSDC (USDC) $ 1.00 0.02%
  • xrpXRP (XRP) $ 0.544837 3.06%
  • staked-etherLido Staked Ether (STETH) $ 3,084.97 1.56%
  • dogecoinDogecoin (DOGE) $ 0.157918 1.35%
  • the-open-networkToncoin (TON) $ 5.86 0.39%
  • cardanoCardano (ADA) $ 0.459129 0.2%
  • avalanche-2Avalanche (AVAX) $ 37.64 1.34%
  • shiba-inuShiba Inu (SHIB) $ 0.000024 1.75%
  • tronTRON (TRX) $ 0.119027 1.59%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 63,415.00 0.39%
  • polkadotPolkadot (DOT) $ 7.22 1.33%
  • bitcoin-cashBitcoin Cash (BCH) $ 476.52 1.82%
  • chainlinkChainlink (LINK) $ 14.72 2.57%
  • nearNEAR Protocol (NEAR) $ 7.38 0.71%
  • matic-networkPolygon (MATIC) $ 0.719964 1.61%
  • fetch-aiFetch.ai (FET) $ 2.42 4.39%
  • litecoinLitecoin (LTC) $ 81.26 0.27%
  • internet-computerInternet Computer (ICP) $ 12.95 0.05%
  • uniswapUniswap (UNI) $ 7.57 0.67%
  • leo-tokenLEO Token (LEO) $ 5.83 0.77%
  • daiDai (DAI) $ 0.999676 0.02%
  • hedera-hashgraphHedera (HBAR) $ 0.113787 3.64%
  • ethereum-classicEthereum Classic (ETC) $ 27.28 1.47%
  • aptosAptos (APT) $ 9.13 1.06%
  • render-tokenRender (RNDR) $ 10.07 2.81%
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00 0.2%
  • cosmosCosmos Hub (ATOM) $ 9.38 1.21%
  • pepePepe (PEPE) $ 0.000009 1.2%
  • crypto-com-chainCronos (CRO) $ 0.130491 1.35%
  • mantleMantle (MNT) $ 1.06 1.05%
  • dogwifcoindogwifhat (WIF) $ 3.41 6.61%
  • filecoinFilecoin (FIL) $ 6.13 0.07%
  • blockstackStacks (STX) $ 2.23 3.14%
  • stellarStellar (XLM) $ 0.110998 0.5%
  • immutable-xImmutable (IMX) $ 2.20 1.42%
  • wrapped-eethWrapped eETH (WEETH) $ 3,195.06 1.62%
  • xtcom-tokenXT.com (XT) $ 3.11 0.2%
  • okbOKB (OKB) $ 50.83 1.38%
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,045.54 1.28%
  • bittensorBittensor (TAO) $ 445.56 1.52%
  • optimismOptimism (OP) $ 2.80 3.96%
  • arbitrumArbitrum (ARB) $ 1.07 0.34%
  • the-graphThe Graph (GRT) $ 0.285452 2.28%
  • vechainVeChain (VET) $ 0.036402 1.82%
  • arweaveArweave (AR) $ 40.09 2.2%
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