Coinbase, the largest U.S.-based cryptocurrency exchange, is ultimately a crypto story. And like all crypto stories, it has its downs — and its wild ups. Coinbase reported earnings per share of $4.40 Thursday (May 2), compared to Wall Street expectations of $1.28, representing a 244.83% beat. The crypto platform beat Wall Street revenue estimates as well, by a comparatively more modest 19.74%.
Crypto payments have traditionally suffered from a pervasive “cold start” problem. Among other issues hamstringing the integration of blockchain-based digital assets as a payments mechanism, many potential customers simply don’t own any crypto and therefore can’t use it to carry out transactions. And that doesn’t really incentivize merchants to embrace crypto payments as an offering.
Image Credits: Stripe, the fintech giant, continues to inch its way back into the cryptocurrency market. On Thursday the company announced that it would start to let customers accept cryptocurrency payments, starting with just one currency in particular, USDC stablecoins, initially only on Solana, Ethereum and Polygon. This will be the first time that Stripe
The British government is reportedly readying legislation for stablecoins and crypto staking, exchange and custody. “We are now working at pace to deliver the legislation to put our final proposals for our regime in place,” said Economic Secretary Bim Afolami, whose comments Monday (April 15) at the Innovate Finance Global Summit were reported by CoinDesk. “Once it goes
Cash Loans in London (Photo by Dan Kitwood/Getty Images) Getty Images Since the early days of ICOs, one of the main narratives of cryptocurrencies was the ability to “bank the unbanked”. According to the World Bank Global Findex Database 2021, 76% of adults worldwide have some form of account ownership. But, banks operate at their
(Photo by Lokman Vural Elibol/Anadolu via Getty Images) Anadolu via Getty Images 2023 was quite a turbulent year for the digital asset industry, with the ongoing saga of FTX, Silicon Valley Bank collapse, massive fines and penalty of Binance, among others. The corner seems to be turning and 2024 is kicking off with great momentum