Tag: crypto

Query from Rep. Emmer US Treasury With Regard to Tornado Cash Sanctions

Query from Rep. Emmer US Treasury With Regard to Tornado Cash Sanctions

Can Shiba Inu (SHIB) Continue 'Barking' During the Launch of Shibarium

Can Shiba Inu (SHIB) Continue ‘Barking’ During the Launch of Shibarium?

WAVES What are shorting traders to do when $5.9 becomes resistance

WAVES: What are shorting traders to do when $5.9 becomes resistance?

In Latin America, Bitso and Ripio Announce Crypto Cards

In Latin America, Bitso and Ripio Announce Crypto Cards

Coinbase's CEO, Brian Armstrong, cited various reasons for the action, including the possibility of a slowdown, the excessive deployment of funds during the 2021 bull market, and excessive investment in the past. The company's Q1 statistics reveal a 27% reduction in revenue compared to the same period last year. The monthly trade volume decreased by nearly 44%. In addition, the number of monthly customer base decreased to 9.2 million from 11.4 million users. Professional Opinion Not even COIN stock was an example. It has lost more than 30% in the past month. In addition, researchers poured gasoline to the fire by rating the company, with Goldman Sachs and Moody's being among those to do so. Moody's most recent downgrading cited several variables that support Coinbase's bleak prognosis. For example, the cost of fees. According to Moody's, Coinbase generates more money amidst high crypto prices and increasing user trading activity. Since the beginning of market declines in the crypto area, revenue has been stagnant. Moody's intends to further lower COIN as crypto values decline. Regarding the future of Coinbase, experts at Goldman Sachs shared a similar perspective. Goldman Sachs believes Coinbase will face difficulties producing revenue in light of falling cryptocurrency prices. It anticipates additional layoffs to reduce expenses. In addition, Goldman Sachs predicts that Coinbase's Y/Y revenue will decline by nearly 60% without employee layoffs. Under the present market conditions, COIN stock will remain under pressure.

Coinbase Stock (COIN) May Continue to Fall – Here’s Why

Crypto investor Tim Draper says women may drive the next BTC bull market.

Crypto investor Tim Draper says women may drive the next BTC bull market.

The USD Will Soon Collapse – Report

The USD Will Soon Collapse – Report

SEC Gary Gensler considers Bitcoin to be a Good.

SEC Gary Gensler considers Bitcoin to be a Good.

Catalonia Is Moving Forward With Its Own Metaverse, Claims the Minister of Innovation.

Russian Legislators Approve Cryptocurrency Tax Regulations

Goldman Sachs downgrades Coinbase.

Goldman Sachs downgrades Coinbase.