Thursday, May 8, 2025, 8:20 pm
In its quarterly earnings report, Coinbase delivered a disappointing performance marked by a 19% drop in transaction revenue and missed expectations. Investors are left scratching their heads at the company’s strategy as market watchers note the revenue dip, adding a hint of irony to the crypto exchange’s growth narrative.
Shares in Coinbase Global Inc. declined nearly 3% in late trading today after the cryptocurrency exchange provider missed on revenue in its fiscal first quarter, reported a decline in transaction revenue, and said subscription and service revenue would fall. Before its earnings report, Coinbase…
Coinbase Posts Jump in Revenue, Drop in Quarterly Earnings Bloomberg.com
permalink / 2 stories from sources in 10 hours ago #crypto #stockmarket #earnings #finance
Google has ramped up its anti-scam arsenal by embedding its on-device Gemini Nano AI technology into Chrome, along with additional AI-powered safeguards. These measures, detailed in several announcements, are designed to detect and disrupt online scams and fraudulent tech support schemes with a bit of algorithmic snark. More...
OpenAI’s ChatGPT deep research tool has received a significant boost with a brand-new GitHub connector, enabling it to comb through codebases and offer detailed research directly within the GitHub ecosystem. Early beta access for ChatGPT Plus Pro, Team, Enterprise, and Edu users paves the way for a smarter coding assistant. More...
Apple is advancing its smart glasses ambitions, with internal reports revealing progress on custom chips and rumors pinning a launch as early as Christmas 2026. The developments hint at competitive designs rivaling Meta’s Ray-Ban glasses, as multiple teams work on tailored silicon for these augmented reality devices. More...
Coinbase is set to acquire the Dubai-based crypto derivatives platform Deribit in a landmark $2.9 billion deal, marking the largest transaction in the crypto space. The move is aimed at consolidating Coinbase’s position in the derivatives market and is pending regulatory approval. More...
Former Celsius founder Alex Mashinsky, after pleading guilty to fraud charges, has been sentenced to 12 years in federal prison. This stark ruling sends a clear message in the crypto realm—no matter how revolutionary one claims to be, fraud will be met with a hefty price. More...
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