News Explorer — Coinbase Beats Earnings Targets for Second Straight Quarter

Coinbase Beats Earnings Targets for Second Straight Quarter

Coinbase reported a second-quarter loss of $97 million, but shares rose in after-hours trading due to better-than-expected financial results. The company’s revenue was $708 million, down from $808 million in the same period last year. Despite the loss, Coinbase saw positive momentum and a 22% increase in revenue compared to the previous quarter.

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Coinbase Beats Earnings Targets for Second Straight Quarter

Coinbase reported a second-quarter loss of $97 million, but shares rose in after-hours trading due to better-than-expect… Read Summary

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Aug 3, 2:01 pm

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Nearly Half of Block’s Q2 Revenue Came From Bitcoin

Block Inc, formerly known as Square, reported a gross profit of $1.87 billion in its second quarter of 2023, with $2.4 b… Read Summary

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Aug 3, 1:21 pm

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Elvis Presley NFT Avatars Coming to The Sandbox Metaverse Game

The Sandbox, an Ethereum metaverse game, will release officially licensed Elvis Presley NFT avatars on August 9. The ava… Read Summary

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Coindesk

Curve Seeks Return of Stolen Crypto With Offered Bounty

Curve Finance, Metronome, and Alchemix have offered a 10% bounty to the hackers responsible for the recent lending reent… Read Summary

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Coindesk

Matter Labs Accused of Copying Polygon Code for zkSync

Polygon has accused Matter Labs, the firm behind the zkSync rollup, of copying part of Polygon’s open-source code withou… Read Summary

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Aug 3, 10:24 am

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The New York Times Rejects Sam Bankman-Fried Trial Gag Order

The New York Times has challenged restrictions in FTX founder Sam Bankman-Fried’s criminal trial that would limit partic… Read Summary

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Aug 3, 9:59 am

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Razzlekhan’s Husband Admits to Bitfinex Bitcoin Hack

Ilya Lichtenstein, who previously agreed to forfeit billions in a plea deal for money laundering, has now confessed to b… Read Summary

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Aug 3, 9:29 am

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SHIB Developers Reveal Plans to Launch Identity Protocol

The Shiba Inu (SHIB) ecosystem is prioritizing the integration of a Self-Sovereign Identity (SSI) protocol into its prot… Read Summary

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Aug 3, 9:19 am

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Crypto Mining Firm DEBT Box Accused of Fraud by SEC

The U.S. Securities and Exchange Commission (SEC) has taken action against Digital Licensing Inc., a crypto mining firm… Read Summary

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Aug 3, 9:14 am

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‘Wreck League’ Mech Fighting Game to Feature Bored Apes

Game developer nWay is creating Wreck League, a 3D mech-fighting game that will incorporate Ethereum NFT collections suc… Read Summary

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Aug 3, 8:01 am

The Block

Worldcoin CEO Responds to Token Launch Complaints

Crypto traders are criticizing the release of Worldcoin’s token, WLD, due to concerns over the distribution and market m… Read Summary

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Aug 3, 8:00 am

Coindesk

NFT Sales Fell Sharply Again in July: DappRadar

According to a report from DappRadar, the NFT market experienced a decline in sales and trading volume in July, with NFT… Read Summary

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Aug 3, 7:25 am

Forbes

Congress Considering Crypto Bills to Regulate Digital Assets, Stablecoins, and Anti-Money Laundering

Congress is working on standalone crypto bills that address the regulation of digital assets, stablecoins, and anti-money laundering measures. The bills aim to determine whether digital… Read Summary

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Aug 3, 7:00 am

Coindesk

NFT Trading Volume Declines, But Smart Contract Deployments Are Still Growing

Despite a 41% decrease in NFT trading volume in Q2 2023, there has been a significant increase in the deployment of smar… Read Summary

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Aug 3, 7:01 am

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Binance Appoints Kristen Hecht As Deputy CCO and GMLRO to Strengthen Compliance and Combat Financial Crime

Binance has appointed Kristen Hecht as its new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporti… Read Summary