“On-Chain Is The New Online” says Coinbase CEO as company smashes revenue expectations
Coinbase’s Q3 earnings have beaten expectations, with CEO Brian Armstrong drawing parallels between the evolution of blockchain technology and the internet’s transformative impact. Armstrong believes crypto companies can become the tech giants of tomorrow, as on-chain technology becomes as significant as the internet. In the earnings call, Armstrong said that just as the internet transformed […]
Coinbase beats Wall Street predictions despite posting $2.2 Million Q3 loss
Cryptocurrency exchange, Coinbase, reported a Q3 loss of $2.2 million, surpassing Wall Street predictions for the third time this year. The firm’s shares fell during after-hours trading on Thursday despite better-than-expected financial results. On a per-share basis, Coinbase reported a loss of $0.01 on $674 million in revenue, whereas analysts had predicted a loss of […]
Tesla’s $312M Bitcoin hoard remains untouched in Q3 2023
In a surprising turn, Tesla Inc. has confirmed it didn’t divest any of its $312 million Bitcoin (BTC) holdings in the third quarter of 2023. Tesla announced, the electric vehicle giant neither sold nor purchased any Bitcoin in Q3, according to its quarterly update. This is another quarter with no Bitcoin sales for Tesla, wherein […]