2024-8-2 12:55 |
The company's loss per share doubled to $0.32. origin »
|
MicroStrategy posted a net loss of $123 million for the second quarter, an improvement from the $137 million loss in the previous quarter. The company narrowed its quarterly losses on the back of lower impairment losses and a strategic increase in Bitcoin holdings, which now total 226,500 BTC.
2024-8-2 01:45 | |
|
|
Bitcoin miner Riot Platforms reported a net loss of $84. 4 million for the second quarter, compared to a net loss of $27. 4 million during the same period last year. Despite the financial setback, the company reported $70.
2024-8-1 02:06 | |
|
|
Hours after prominent Indian cryptocurrency exchange WazirX fell prey to a cyber attack which led to a loss of funds exceeding $230 million, the company has revealed its preliminary findings related to it.
2024-7-19 21:44 | |
|
|
CoinStats, a leading crypto portfolio management platform, has introduced a new update. The company has unveiled Portfolio Analytics 2. 0, which includes an enhanced Profit & Loss (P/L) calculation feature.
2024-6-18 17:00 | |
|
|
The U.S. Supreme Court ruled against Coinbase Inc. (COIN) in its dispute over which legal agreement should hold sway when parties are under two distinct contracts and the first of them calls for arbitration, finding the company's case was "unpersuasive" and that the courts need to work those questions out when they arise.
2024-5-26 20:43 | |
|
|
Core Scientific reported a $210. 7 million net income for the first quarter on May 8. The change represents an increase of $211. 1 million from the first quarter of 2023, when the company reported a net loss of $0.
2024-5-9 03:41 | |
|
|
Fejiro Hanu, CEO of Nigerian crypto exchange platform Patricia, recently took to his X account to refute rumors circulating about the exchange’s imminent closure amid its battle to scale customer fund loss.
2024-5-2 12:25 | |
|
|
According to a 404 media release, Several attendees at the ApeFest conference organized by Yuga Labs, the parent company of Bored Ape Yacht Club (BAYC), have reported experiencing severe eye pain and vision loss after being exposed to laser and “blacklight-heavy performances.
2023-11-7 05:00 | |
|
|
MicroStrategy, the business intelligence company co-founded by Michael Saylor, has witnessed a substantial gain of $900 million on its extensive Bitcoin holdings, bolstered by the growing optimism surrounding the potential approval of spot Bitcoin exchange-traded funds (ETFs).
2023-11-2 18:00 | |
|
|
Kraken alerted users by email t on Oct. 25 that it would provide certain customer information to the Internal Revenue Service (IRS). The crypto exchange company said that the IRS issued a summons in May 2021 and ordered it to provide a variety of records and data.
2023-10-27 23:00 | |
|
|
Former Alameda Research engineer, Ananth Baradwaj, has revealed three incidents of fraud that the company experienced, amounting to a loss of $190 million. The post Former Alameda Research Engineer Reveals Hacks Leading to Multi-Million Dollar Losses appeared first on BeInCrypto.
2023-10-12 08:12 | |
|
|
Chia Network cut a third of its workforce today as the blockchain platform sought to reestablish a lost banking relationship, the company told CoinDesk, further delaying what Chia had hoped would be a rapid path to listing as a public company.
2023-10-2 16:20 | |
|
|
Cryptocurrency exchange HTX Global has suffered a loss of 5,000 Ether (ETH), worth approximately $8 million USD, due to a hacker attack, the company announced today. The hack targeted HTX’s hot wallet, which contains a small percentage of user funds for more frequent transactions.
2023-9-25 17:53 | |
|
|
On 25 September, crypto platform Mixin Network announced that hackers attacked its cloud service provider, leading to an approximately $200 million loss. The company revealed that the 23 September incident has forced it to (temporarily) suspend deposits and withdrawals.
2023-9-25 09:34 | |
|
|
Despite trimming debt and operational expenses, Argo Blockchain posted a net loss of over $18 million in H1 2023, records show. Argo Blockchain, a leading crypto mining company (LSE: ARB; NASDAQ: ARBK), has released its performance report for the first…
2023-8-29 18:02 | |
|
|
Prime Core Technologies, the parent entity of crypto custodian Prime Trust, reports an $8 million shortfall from TerraUSD investments. The loss was disclosed in an Aug. 24 filing with the Bankruptcy Court for the District of Delaware in the United States. The…
2023-8-25 13:15 | |
|
|
Failed crypto custodian Prime Trust revealed new details about its past financial shortfalls in a filing submitted to bankruptcy courts on Aug. 24. That filing indicates that Prime Trust’s investment in the TerraUSD (USTC) stablecoin resulted in millions of dollars of losses for the company.
2023-8-25 01:10 | |
|
|
The last few days have been eventful for the crypto market following a major crash on Thursday that resulted in the loss of $1 billion in market cap. In another unnerving development, it appears that Binance, the world’s largest exchange, may be in some form of trouble as a crypto analyst shares some insight on the company.
2023-8-19 16:02 | |
|
|
Zunami Protocol has suffered an attack on its zStables pools, leading to a $2.1 million loss. The company assures that the collateral is secure. The blockchain security firm, PeckShield, detected the attack on August 13. It stated that the company…
2023-8-14 11:26 | |
|
|
CleanSpark narrowed its loss in its fiscal third quarter. The bitcoin mining company had a blockbuster July. CleanSpark shares are up over 150% YTD at writing. Bitcoin miner CleanSpark Inc is trading slightly up in extended hours after reporting a narrower-than-expected loss for its fiscal third quarter.
2023-8-10 01:38 | |
|
|
Marathon Digital, one of the largest Bitcoin miners, has announced a net loss of $21.3 million for the second quarter of the year. Bitcoin Mining Company Marathon Digital Made $81.8 Million In Q2 Revenue In a new press release, Marathon Digital has revealed the results of the company’s performance during the second quarter of 2023 […]
2023-8-9 17:00 | |
|
|
During the Q2 Earnings Call, Meta CEO Mark Zuckerberg outlined the company’s commitment to its metaverse vision and artificial intelligence (AI). Zuckerberg stated, “The two technological waves that we’re riding are AI in the near term and the metaverse over the longer term.
2023-7-27 11:17 | |
|
|
The pivot to the metaverse has cost Meta billions of dollars, but the company’s founder and CEO Mark Zuckerberg says the social media isn't looking to give up anytime soon.
2023-7-27 09:07 | |
|
|
Binance France first audited financial records covering 14 months between when the company was created in November 2021 to December 2022 showed that the exchange recorded a loss of €4 million. Throughout the period, Binance France incurred total expenses of €14 million to cater for its staff payroll, marketing, administrative costs, taxes, and professional fees.
2023-7-22 02:47 | |
|
|
"We will come up with a plan to recover the loss," said company officials.
2023-6-20 22:00 | |
|
|
Coinbase (COIN) shares are up sharply after the company’s first quarter results topped analyst estimates on both revenue and loss per share.
2023-5-6 19:36 | |
|
|
Coinbase said May 4 that its net revenue increased by 22% quarter over quarter to $736 million and its operating expenses fell by 24% from the previous quarter. The reduction in operating expenses is related to the fact that the company laid off 950 employees in January.
2023-5-5 23:46 | |
|
|
Amid BTC's big rally, the company's impairment loss narrowed to $18.9 million in the first quarter from $197.6 million in the fourth quarter.
2023-5-2 23:53 | |
|
|
Coinspeaker Intel Sees Largest Quarterly Loss in Q1 2023, Revenue Down 36% YoY According to the report, the company experienced a 133% annual reduction in its earnings per share for the quarter.
2023-4-29 13:40 | |
|
|
The crypto mining company is in a stronger position now, interim CEO El-Bakly said
2023-4-28 11:18 | |
|
|
Coinspeaker Mike Novogratz’s Galaxy Digital Registers Profit after Heavy Loss Last Year Despite several headwinds in 2022, Novogratz said that the company continues to lead from a position of strength, remaining open for business for our clients and counterparties.
2023-3-30 17:09 | |
|
|
Bitcoin ATM maker General Bytes has become the latest victim of a cyber attack, with the company announcing a loss of $1.5 million in digital assets. The breach occurred Friday, and has dealt a heavy blow to one of the biggest producers of Bitcoin ATMs in the industry, boasting over 9,000 units to its name. […]
2023-3-20 14:49 | |
|
|
A recent filing to the US Securities and Exchange Commission (SEC) indicates that Playboy suffered a significant loss following a drop in the value of payments received for its NFTs. The losses result from the Ether (ETH) the company received after selling its “Rabbitars” NFTs.
2023-3-19 02:08 | |
|
|
Silvergate Capital shares have gone down 43.8% in after-hours trading. The company is in the process of liquidation and winding down its operations. Silvergate had almost a billion-dollar loss when FTX, its primary customer, collapsed in late 2022. The exchange…
2023-3-9 12:48 | |
|
|
Binance USD (BUSD) has suffered a significant loss of about 43% of its market cap value in the last 3 weeks following a regulatory crackdown by U. S. authorities. BUSD is a popular token issued by the Paxos Trust Company, and it serves as the native stablecoin of the Binance exchange.
2023-3-3 21:30 | |
|
|
Riot Platform inc., one of North America’s largest bitcoin (BTC) mining companies, released its 2022 annual financial report indicating a net loss of $509.6 million. According to the annual report released on March 2, the company suffered significant non-cash impairment…
2023-3-3 12:18 | |
|
|
DMG Blockchain Solutions reports a net loss of $7.0 million in Q1 2023 despite mining 50% more bitcoin than the previous year. The company attributes the loss to lower revenues and increasing operating costs.
2023-3-2 16:31 | |
|
|
Robinhood Inc., the popular trading platform, recently reported a loss of $57 million due to a processing error in shares of a small company in December.
2023-2-10 18:28 | |
|
|
NFT lending platform Sharky Fi has announced that it might disable foreclosures for loans “at a loss for borrowers” for a few hours. While responding to a Shark Fi customer on Twitter, the company stated that the move is to…
2023-2-10 16:55 | |
|
|
MicroStrategy, a software analytics company, reported a paper loss of $1.3 billion on its bitcoin (BTC) holdings in 2022. However, it stated that it would continue trading digital assets. MicroStrategy’s 2022 Q4 impairment charges During a 2022 Q4 and year-end…
2023-2-3 12:58 | |
|
|
MicroStrategy registered $34 million in its first-ever bitcoin sale. The company registered a paper loss of over 1 billion in 2022. MicroStrategy made its first bitcoin purchase in August 2020. Despite making a paper loss of about $1.
2023-2-3 12:19 | |
|
|
The company also booked a loss of $34 million on its first-ever Bitcoin sale last quarter but said it was conducted to harvest a tax loss.
2023-2-3 04:43 | |
|
|
According to financial reports, Meta’s Reality Labs division experienced a total loss of $13. 7 billion in 2022. The company will continue to focus on the metaverse. The post Chasing Metaverse Dreams Costs Meta $13.
2023-2-2 12:00 | |
|
|
Tesla recorded gains of $64 million and impairment loss of $204 million. The company has revealed it sold 75% of its Bitcoin holdings, and held BTC worth about $184 million as of 31 December 2022.
2023-2-1 19:53 | |
|
|
Crypto-friendly bank Silvergate announced its suspended payment of dividends on its series A preferred stock. The company’s shares fell more than 11% pre-market after the announcement. Silvergate reported a $1 billion loss in the fourth quarter and also cut its staff by 20% amid the crypto bear market and impact of FTX collapse.
2023-1-27 18:54 | |
|
|
Silvergate Capital Corporation (NYSE:SI) and its wholly-owned crypto-focused subsidiary Silvergate Bank, recorded a more than $1 billion net loss during the fourth quarter of 2022, according to financial results the company reported on Tuesday.
2023-1-19 17:06 | |
|
|
Silvergate Capital Corporation and its subsidiary Silvergate Bank announced a $1 billion net loss in the fourth quarter of 2022, according to a company report. The post Silvergate Capital posts $1B loss in Q4’22 appeared first on CryptoSlate.
2023-1-17 17:00 | |
|
|
LBRY Inc. noted that while the company is on its last legs, the underlying protocol and blockchain behind the content platform will carry on.
2022-12-1 03:54 | |
|
|
The release of the company’s shareholder letter for the third quarter of 2022 was announced today by Coinbase Global, Inc. (the “Company” or “Coinbase”). According to the report, $COIN filed a net loss of $545 Million. The shareholder’s letter claims…
2022-11-5 18:00 | |
|
|
The firm signed a non-binding deal with a hyperscaler firm to potentially allocate all of its 800 megawatts power to hosting high-performance computers.
Miners earned an average of $43,600 per exahash a second in daily block rewards last month, the lowest rate on record, the report said.
The miner said its adjusted EBITDA swung to loss, compared to previous quarter's profit.
Coinbase (COIN) reported second-quarter earnings on Thursday.
The crypto market pulled back from the first-quarter's record highs during the three-month period.
Digital Currency Group (DCG), the parent company of asset manager Grayscale, reported a first quarter revenue up 11% from the previous quarter to $229 million.