Coinbase (COIN) missed fourth-quarter earnings forecasts on Thursday, thanks to weaker trading activity and lower crypto asset prices. The U.S.-based crypto exchange posted total revenue of $1.78 billion against estimates for $1.83 billion. Adjusted EPS of $0.66 was well lower than the consensus $0.86. Total transaction revenue of $983 million was below forecasts for $1.02
According to two separate polls conducted by Reuters, the Fed is expected to cut interest rates twice this year. According to the survey results, the first interest rate cut is expected to come in June, under Kevin Warsh, who is anticipated to take over as FED chairman. The median expectation among economists is that the
Fiserv, a major US payments and financial technology provider, has launched a new cash settlement platform for digital asset companies, a move that could strengthen fiat infrastructure for crypto players and improve access to liquidity. On Thursday, Fiserv announced the debut of INDX, a real-time cash settlement system that operates 24 hours a day, 365
Markets declined Thursday afternoon as concerns over artificial intelligence’s rapid expansion and its potential to disrupt multiple industries weighed on investor sentiment. Bitcoin, the largest digital asset by market value, fell 2.5% to trade below $66,000, dragging the broader crypto market lower. Ethereum changed hands near $1,900 as digital assets tracked equity losses. The S&P
Buck, a digital asset technology company, has announced an update to its core yield-bearing token, increasing its annual yield to 10% and introducing automatic reward distribution for holders. According to the announcement shared with Finbold on February 12, the changes take effect on February 12 and apply to the existing token rather than a newly
In a significant move for global finance, Russia has announced a strategic pivot to deploy its central bank digital currency, the digital ruble, primarily for international trade settlements with fellow BRICS nations, targeting a pivotal September 1, 2025, launch date for cross-border payments. The Digital Ruble’s International Mandate Timur Aitov, chairman of Russia’s Financial Market
Wall Street giants, including JPMorgan, Bank of America, and Morgan Stanley, have given their forecasts ahead of the January U.S. CPI release tomorrow. Meanwhile, the crypto market continues to trade flat ahead of tomorrow’s macro data, which would impact the Fed rate decision at the March FOMC meeting.
U.S. equities traded mixed midday Thursday, with the Dow Jones Industrial Average edging higher while the S&P 500 and Nasdaq Composite remained under pressure as investors recalibrated rate expectations and rotated out of high-growth technology shares. Wall Street Splits as Dow Grinds Higher While Tech Drags Nasdaq Lower As of late morning Feb. 12, the
Taurus, a leading provider of digital asset infrastructure backed by Deutsche Bank, Credit Suisse, and State Street, has joined forces with Blockdaemon, which powers institutional staking across over 60 protocols, to bring institutional-grade staking services to global banks and financial institutions. With this collaboration, Taurus clients can now stake assets across major proof-of-stake (PoS) networks
Bitcoin BTC$66,988.52 has fallen back to the low end of its recent trading range during late-morning U.S. trading hours on Thursday as the tech-heavy Nasdaq tumbles 1.6%. Trading at $65,700, bitcoin is now lower by 1.5% over the past 24 hours, while ether ETH$1,961.10, just above $1,900, is down more than 2%. The bitcoin price