Monday July 31, 2023

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Overall Net Loss For Coinbase Despite $708 Million Reported In Quarterly Revenue...

According to the Q2 report, Coinbase recorded a total revenue of $708 million, experiencing an 8% decrease compared to the previous quarter. The net revenue also declined by 10% Q/Q to $663 million. The company reported a net loss of $97 million and an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $194 million.

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Judge Decides To Dismiss Collective Lawsuit Against Tether...

Tether (USDT), the largest global company specializing in stablecoins, has announced the dismissal of a legal case filed against it. As stated on an official blog, a comprehensive and concise six-page verdict has been issued by Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York.

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Reputable Professional Services Firm Says Bitcoin Is a Boon To ESG...

KPMG has released a new report expressing a surprisingly positive view of Bitcoin and its environmental impact. According to the report, Bitcoin appears to offer several benefits from an ESG perspective, including stabilizing energy grids, reducing greenhouse gas emissions, and providing sustainable heat for both commercial and residential properties.

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SEC Lawsuit Against Do Kwon and Terraform Labs Will Proceed...

Recalling the earlier details of the lawsuit, the SEC accused Terraform Labs and Do Kwon of orchestrating a multi-billion dollar crypto-asset securities scam which allegedly involved an algorithmic stablecoin and other crypto-asset securities that triggered a massive crash in the crypto market.

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August 15th-16th, 2023.

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Bitcoin (-0.8%) Down for Third Straight Week But Hovering on $28,500 Support

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Ethereum (-1.8%) Nears Inflection Point Following Long-Term Ascending Triangle Formation

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What’s Going On In CRYPTO?! This Report REVEALS It ALL!!

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Bitcoin & Ethereum, Calm Before The Storm

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Bitcoin Just Got Wall Street’s Blessing

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We at CryptoWeekly are not Financial Advisors. None of the content or opinions expressed in this newsletter should be considered financial advice. We highly recommend that you do your own research before investing in any project within or outside the cryptocurrency space.