Cryptocurrency
October 30, 2024
276 views 4 mins 0

Coinbase Revenue May be Hurt by Lower Trading Volumes, Regulatory Uncertainty, Analysts Say

Wall Street analysts expect a further slowdown in spot trading volume for Coinbase (COIN) in the third quarter, partly triggered by a lack of catalysts for crypto and an uncertain regulatory environment heading into the presidential election. The crypto exchange, when it reports its earnings post-market on Wednesday, is expected to experience a revenue decline […]

Cryptocurrency
October 30, 2024
238 views 7 mins 0

Consensys Cuts 20% Workforce, Blames SEC’s ‘Abuse Of Power’

Bitcoin (BTC)-tracked futures set a record high open interest (OI) in U.S. dollar terms early Tuesday as the asset broke past $71,000 for the first time since June, data shows. BTC futures recorded their biggest one-day jump in OI since June 3. As of Tuesday, OI jumped to over 20,000 BTC, worth $2.5 billion at current […]