Earnings
Coinbase Shares Tumble as Q3 Revenues Fall Well Short of Estimates
Shares of the largest cryptocurrency exchange in the U.S. fell sharply after the company missed revenue and earning expectations, and trading volume fell compared to the previous quarter.
Palantir Expecting Big Things From New Crypto Security Software
An executive for the data analytics software company said he thinks Palantir’s Foundry product will be a “massive accelerant for crypto companies.”
PayPal’s Q3 Earnings Beat Estimates but Revenues Fall Short
The payments giant added 13.3 million new accounts in the quarter, up from 11.4 million in the prior quarter.
Argo Blockchain Mining Revenue Rose 32% in October
The company mined 167 bitcoin or bitcoin equivalent during the month.
Square’s Cash App Generated $1.8B in Bitcoin Revenue in Q3
The payments firm said bitcoin revenue and gross profit fell in the third quarter versus the prior quarter due to the relative stability in bitcoin prices.
Argo Blockchain Achieves Record Revenue in Third Quarter
The bitcoin miner mined 597 BTC during the quarter.
MicroStrategy Adds Almost 9,000 Bitcoins to Its Holdings in Third Quarter
The company’s bitcoin holdings are worth just over $7 billion, while its entire market capitalization is roughly $7.4 billion.
Robinhood Shares Fall as Crypto Trading Revenue Declines Sharply
The popular trading platform said reduced crypto trading activity led to significantly fewer new funded accounts and lower revenue in the third quarter.
Facebook to Break Out Results for Augmented/Virtual Reality Division Starting in Q4
The social network’s move reflects how important it considers the metaverse to its future.
AMEX CEO Says Crypto Is Unlikely a Threat to Traditional Credit Cards
Crypto, though, can make cross-border payments “a lot more seamless,” he said.
