Circle sees revenue boost as stablecoin demand rises amid volatility; shares up
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Circle sees revenue boost as stablecoin demand rises amid volatility; shares up
May 11 : Circle on Monday reported higher quarterly revenue and reserve income driven by increased adoption and circulation of its stablecoin, sending its shares rising nearly 5 per cent in trading before the bell. Market volatility and the Middle East conflict pushed investors to rotate out of cry»»»
Coinbase Analysts Optimistic Ahead of Q2 Earnings, but Warn About USDC Risks and Lower Trading Volumes
The crypto exchange reports earnings for the second quarter of 2023 after the market closes on Thursday. Coinbase earnings are expected to come in strong based on the resilience of retail trading activity on the exchange.But some warned Coinbase’s revenue from the USDC stablecoin could decline, and»»»
Bitcoin makes gains, even as regulators crack down
Bitcoin resumed its push back towards US$30 000 and smaller digital tokens rallied as a broad renewal in risk appetite prompted investors to downplay a widening regulatory crackdown. The oldest cryptocurrency gained as much as 5.2% to $28 812 as of 12.06pm in New York. Bitcoin traded just under $29»»»
Bitcoin, USDC stablecoin rally after U.S. intervenes on SVB
SINGAPORE, March 13 (Reuters) - Bitcoin and other cryptocurrencies rallied on Monday after U.S. authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB) and as cryptocurrency firm Circle assured investors its peg was secure. The U.S. Treasury and Federal Reser»»»
Bitcoin drops below $20,000, set for worst week since FTX crash
Bitcoin is having its worst week since November as an equity selloff, jitters in the banking sector and an escalating US regulatory crackdown on crypto combine to hurt investor sentiment. The largest token fell as much 3.2% on Friday, breaking below $20,000 for the first time since January, after f»»»
Bitcoin slides below $20,000 to lowest since December 2020
Bitcoin, the biggest cryptocurrency was last down 7.79% at $18,848, having earlier touched $18,732, its lowest since December 2020. Bitcoin dropped below $20,000 on Saturday to its weakest in 18 months, extending a slide on investor worries about growing troubles in the industry and the general pul»»»
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