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Coinbase reports 22% quarterly revenue growth, net loss of $79M
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
MicroStrategy bought $209M in Bitcoin in Q1 2023; repaid Bitcoin-backed loan to Silvergate
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on…
Tesla kept $184M Bitcoin balance in Q1 2023
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Riot sees lower 2022 revenue despite more BTC mined; delays annual filing on Bitcoin impairment calculation issue
Ad Crypto mining firm Riot Platforms published its 2022 financial results on March 2 and reported that it would delay its 10-K filing with regulators. Riot saw significant growth in 2022 In its annual report, Riot reported “record results” for the year of 2022. The company said that it brought in $259.2 million in total…
Coinbase saw 66% decline in transaction revenue in 2022 but remained “resilient”
Ad Coinbase published its end-of-year shareholder letter today, Feb. 21, in which it described its financial standing for the previous quarter and for the entirety of 2022. Coinbase publishes revenue, shareholder data Coinbase said that it saw its total trading volume for 2022 decline by 50% year-over-year. It also saw its transaction revenue for 2022…
Robinhood saw crypto transaction revenue fall by 24% in Q4 2022
Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 4 days ago
Silbert downplays liquidity crisis, expects $800M revenue in 2022 for DCG
Following rumors of potential contagion from FTX, Digital Currency Group (DCG) CEO Barry Silbert sent shareholders a memo on Nov. 22 addressing the situation surrounding Genesis’ liquidity. A potential billion-dollar hole in the Genesis balance sheet has drawn speculation as to the future of the crypto brokerage. Moreover, Genesis is a subsidiary of DCG, giving…
Istanbul Blockchain Week panelists hopeful on adoption of next-generation blockchain tech
With crypto adoption on the horizon and 20% of Turkey’s population already using cryptocurrency, Istanbul Blockchain Week 2022 panelists expressed optimism regarding the adoption of the next generation of blockchain technology despite the currently prevailing market sentiment and discussed the catalysts of metaverse success. CEO of Elixxir and cryptography pioneer, David Chaum, expressed that the ongoing…
Marathon Digital becomes 2nd largest Bitcoin holder among public companies, has not sold any BTC
Marathon Digital CEO Fred Thiel said on a Nov. 8 earnings call that the company is going through a “transition period” as it looks to grow from 7EH/s to 23EH/s by mid-2023. Marathon increases hashrate Further, the company has increased its number of Bitcoin miners to 6,000, resulting in a rise from 72 BTC mined…