Coinbase Shareholder Files Lawsuit against Exchange over Mismanagement of Public Listing
A Coinbase shareholder is seeking damages on behalf of the exchange in a new lawsuit that alleges “gross mismanagement” by the company’s executives.
This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
A Coinbase shareholder is seeking damages on behalf of the exchange in a new lawsuit that alleges “gross mismanagement” by the company’s executives.
While Coinbase reported 9 million monthly transacting users during Q2 2022, the company recorded 9.2 million in the previous quarter. Notably, the numbers exceed analysts’ estimates of 8.7 million.
Roblox will continue to invest in strategic areas that will trigger growth and monetization.
The investment company still holds about 7.1 million shares of the crypto exchange.
Despite a severe downturn during the second quarter, Galaxy Digital maintains a solid cash position sufficient to deal with any further headwinds.
The documents revealed that the Primary Conversion would become effective before 2022 ends.
Following the Q2 2022 performance, Palantir expects revenue for the current quarter to be between $474 million and $475 million.
Marathon Digital saw a 51.8% drop to $24.9 million in revenues during Q2 2022.
In a bid to curtail these ongoing valuation declines, SoftBank’s Founder and Chief Executive Officer, Masayoshi Son has revealed plans for the Vision Fund vehicle to taper down its rate of investments which is also likely to reduce its overhead losses.
Video game giants Sony, Microsoft, and Nintendo posted low figures for Q2 2022 due to inflation, semiconductor shortages and the end of lockdowns.
As Elon Musk predicts inflation going down in upcoming months, here’s what it means for Bitcoin and crypto markets.
On Saturday, Elon Musk threw down the gauntlet for a public debate with the Twitter chief executive over its spam accounts policy.
With the current outlook of the global industry, Lyft is giving a conservative projection for its future earnings as it is anticipating the full year of 2022 revenue growth that will be slower than the 36% achieved in 2021.
Despite challenging macroeconomic conditions and a high level of inflation, DoorDash has not seen changes in its consumer engagement and loyalty. This resulted in great revenue.
Alibaba released its fiscal Q1 2022 came in stronger than expected and now sees the tech giant optimistic about the rest of the year.