April 21, 2025
Coinbase posted a double-than-expected loss
Blockchain

Coinbase posted a double-than-expected loss

  • by Sandra
  • August 10, 2022

Coinbase’s second-quarter 2022 net loss was $1.1 billion, or $4.98 per share, double analysts’ expectations ($2.47). In the post-trading session, securities fell 8% after losing 10.55% in the main session results. Our

WisdomTree assets in crypto products down 22%
Blockchain

WisdomTree assets in crypto products down 22%

  • by Sandra
  • July 29, 2022

According to April-June results, management company WisdomTree’s weighted average asset volume in crypto products fell 22% from the first quarter to $265 million. For comparison, by the second quarter of 2021, the

Metaverse-focused division lost .8 billion
Blockchain

Metaverse-focused division lost $2.8 billion

  • by Sandra
  • July 28, 2022

In April-June 2022, the loss of the Reality Labs division associated with the metastore in Meta structure was $2.81 billion (-$3.67 billion in the first quarter). During the reporting period, revenue fell

Coin Center sues the Treasury and the IRS
Blockchain

Coin Center sues the Treasury and the IRS

  • by Sandra
  • June 13, 2022

Industry advocacy organization Coin Center has sued the Treasury and IRS over an unconstitutional tax reporting requirement for cryptocurrency holders. The complaint concerns an amendment to the Infrastructure Investments and Employment Law