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Crypto Exchange Coinbase’s Earnings Could Continue Falling Amid Trading Decline
A steep decline in cryptocurrency trading has plunged Coinbase Global Inc. (COIN) toward deep losses and analysts say there’s no easy fix to lift the company out of the red. Analysts have slashed their estimates for the crypto exchange just days before the company’s...
Coinbase’s Stock Drops As Proprietary Trading Experiment Exposes Potential Conflicts of Interest
Crypto exchange Coinbase (COIN) has denied a Wall Street Journal report that it began quietly dabbling in proprietary trading earlier this year. According to the report, Coinbase allegedly processed a $100 million prop trade in February as the firm fielded a variety...
Crypto Mining Stocks Continue to Fall Amid Rising Inflation, Major Industry Changes
Crypto mining stocks have plummeted amid a red-hot inflationary environment, a trend that’s likely to continue as energy-efficient means of minting digital currency tokens continue to overtake traditional, energy-heavy crypto mining activities. Core Scientific (CORZ)...Stocks Rise as Investors Buck Hawkish Comments from Central Bank Officials
U.S. stocks inched higher Thursday as investors shrugged off hawkish comments from U.S. Federal Reserve and European Central Bank officials. The S&P 500 rose about 0.7% to 4006.81 at the closing bell, while the Dow industrials added 0.6% to 31774.52. The largely...Investment Journal
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