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Crypto News Roundup for Feb. 25, 2020

Bitcoin fights to rise above $10K while a new crypto bank rises in Wyoming. It's Markets Daily from CoinDesk.

Updated Sep 13, 2021, 12:21 p.m. Published Feb 25, 2020, 7:37 p.m.
Markets Daily

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Today's News:

Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming

Russian Smelting Giant Nornickel Launches Metal Tokenization Platform for Testing

CoolBitX Raises $16.7M to Make Crypto More Bank-Friendly

For early access before our regular noon Eastern time releases, subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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Coinbase misses Q4 estimates as transaction revenue falls below $1 billion

Coinbase

"Crypto is cyclical, and experience tells us it’s never as good, or as bad as it seems," said the company.

O que saber:

  • Crypto exchange Coinbase reported a fourth quarter earnings miss.
  • Transaction revenue of $982.7 million was down from $1.046 billion the previous quarter and $1.556 billion in the fourth quarter one year ago.
  • In the first quarter of 2026 through Feb. 10, the company has seen about $420 million in transaction revenue.
  • Shares were modestly higher in after-hours trade, though remaining down about 40% year-to-date.