JPMorgan said weak crypto markets pressured fourth-quarter results, but backs Coinbase’s strategy of investing through the cycle and returning capital via buybacks. …
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Finance
Struggling Coinbase gets price target cut from JPMorgan ahead of Thursday earnings
by shayaanby shayaanThe crypto market downturn has been particularly hard on leading American exchange Coinbase (COIN), which has seen its stock plunge more than …
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Finance
Jack Dorsey’s Block may cut up to 10% of staff in business overhaul: Report
by shayaanby shayaanJack Dorsey’s payments company Block Inc. has begun informing hundreds of employees that their roles could be eliminated during annual performance reviews, …
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The number of traders expecting an interest rate cut at the March Federal Open Market Committee (FOMC) meeting has risen to 23%, …
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Markets now expect stability first. The Federal Reserve plans to hold rates steady. This stance likely continues through the next two meetings. …
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Mining
Massive Bitcoin Difficulty Cut Looms After Hashrate Loses Nearly 250 EH/s
by shayaanby shayaanAs an Arctic storm front batters multiple U.S. states, bitcoin mining activity across the country has pulled back sharply, with American-based operators …
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Mining
As bitcoin miners cut unprofitable production, Hash Ribbon metric points to BTC price rebound
by shayaanby shayaanWhile the weekend’s U.S. storm disrupted bitcoin BTC$87,708.96 mining as higher costs hit profitability and led companies to cut computing power, or …
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Regulation
Jerome Powell says he has “no comments” on Elon Musk’s D.O.G.E efforts to cut Fed spending
by shayaanby shayaanFederal Reserve chair Jerome Powell has beef with Washington’s newest, most powerful couple: Mr. Elon Musk and Mr. President Donald Trump. The …
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Regulation
Despite End-of-Year Uptick, Gary Gensler’s SEC Cut Down Crypto Sanctions by 30% in 2024: Report
by shayaanby shayaanA new report from the financial insights firm Cornerstone Research claims that Gary Gensler slowed down crypto enforcement actions in his final …
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Bitcoin’s price fell to a five-week low on Monday as markets adjusted to the prospect of tighter monetary policy from the Federal …