Coinbase, Strategy Mark Major Profit Surges In Q3: Unveiling The Numbers
In a recent financial disclosure, two of the crypto industry’s giants, Coinbase (COIN) and Strategy (MSTR), reported significant gains in their third-quarter (Q3) results. Coinbase Surges Past Profit Expectations Coinbase exceeded analysts’ expectations for its Q3 profit, buoyed by increased volatility in digital assets that elevated trading volumes on its platform. The company reported a transaction revenue of $1.05 billion for the quarter, a substantial rise from $572.5 million during the same period last year. Additionally, the cryptocurrency exchange recorded a net income....
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Weeks of public statements on blockchain tech culminated yesterday with IBM unveiling a comprehensive strategy that found the IT giant diving deep for the first time into how it will seek to deliver business solutions based on the emerging technology. While IBM had previously gone public with its work with its leading role in the Linux-led Hyperledger Project, and had been open about its theses on the approach of other providers, the announcement can viewed as the opening salvo that signals its charge into the industry armed with a depth and overall presentation that are unique among its....
San Francisco-based bitcoin wallet provider Coinbase has revealed that it officially passed 1 million wallet downloads on 27th February, a major milestone in the lifecycle of the less than two-year-old company. Founded in June 2012, Coinbase is the second most downloaded consumer bitcoin wallet behind rival Blockchain, which passed its 1 million wallet mark in January. But, that doesn't make Coinbase's numbers any less impressive. At the beginning of 2013, Coinbase had facilitated just 13,000 wallet downloads, meaning it saw more than 7,000% growth over the course of 2013. Further, the....
Strategy has just announced its brand new Bitcoin purchase. Here’s how the profit-loss situation of the firm’s holdings looks now. Strategy Has Made A New Bitcoin Acquisition Worth $764 Million In a new post on X, Strategy Chairman Michael Saylor has shared the announcement related to the latest Bitcoin purchase by the company. With this […]
With Bitcoin (BTC) surging back above the $105,000 mark and nearing its record high set in January, market expert Doctor Profit has outlined bullish predictions for the leading cryptocurrency. In a recent post on social media platform X, he detailed the dynamics he believes will drive Bitcoin toward new highs. Bitcoin Breaks Key Levels As Institutional Demand Surges Since hitting $77,000, Doctor Profit identified $100,000 as the first significant target, which has now been achieved. Looking ahead, he sees the next breakout target between $116,000 and $120,000. His confidence stems from....
Here's a look at what we are focusing on in the bitcoin price this morning. If you’d have said a couple of weeks ago that we’d be looking at closing in on the 1,100 mark at the start of 2017 in the bitcoin price, we probably wouldn’t have believed you. We’re all for price increases, of course, but given that price essentially stagnated throughout a major part of 2016, we weren’t expecting that sort of run as the year drew to a close. Anyway, we’re here, and we’ve managed to draw a pretty decent run of profits from the gains. Enter long, target around ten dollars, take profit and wait for....