KuCoin Labs Q2 2020 Report Gives Insights Into the Role of DeFi, NFTs, DEX in Fostering Crypto Adoption

KuCoin crypto exchange’s investment and research offshoot KuCoin Labs today released its 2021-Q2 Crypto Industry Quarterly Report with a number of interesting insights. DeFi, NFT Significant for Crypto Adoption In the report, research has been done on several important landscapes within the crypto industry, such as DeFi and NFT. The report posits that decentralized exchanges… Continue reading KuCoin Labs Q2 2020 Report Gives Insights Into the Role of DeFi, NFTs, DEX in Fostering Crypto Adoption

Nvidia Q2 revenue surges, but digital currency-related sales fall short of expectations

Nvidia’s (NASDAQ: NVDA) earnings for the second fiscal quarter ending August 1 has beaten Wall Street estimates. The tech giant reported a fiscal second-quarter net income of $2.4 billion, up from a profit of $622 million in the year-ago period. Strong graphics card sales and an increased interest in the company’s data center capabilities drove… Continue reading Nvidia Q2 revenue surges, but digital currency-related sales fall short of expectations

Coinbase's Q2 profits top $1.6B as ETH volume surpasses BTC’s for the first time

Coinbase generated $2.23 billion of revenue for the second quarter of 2021, as Ethereum (ETH) trading volume surpassed Bitcoin (BTC) for the first time on the platform. Coinbase posted its Q2 report on Aug. 10 and the crypto exchange’s revenue beat analyst predictions — with industry standard financial estimators Refinitiv forecasting $1.78 billion in expected… Continue reading Coinbase's Q2 profits top $1.6B as ETH volume surpasses BTC’s for the first time

Bitcoin’s Vicious Plunge In Q2 Cost Tesla $23 Million — But It’s Better Than Some Expected

In an earnings report after market close on Monday, Elon Musk’s electric car manufacturer revealed blockbuster income for the second quarter. The report showed that the firm produced and delivered 200,000 vehicles, accruing a profit of over $1 billion for the first time in history. However, Tesla also indicated that bitcoin had put a slight… Continue reading Bitcoin’s Vicious Plunge In Q2 Cost Tesla $23 Million — But It’s Better Than Some Expected

Bitcoin’s Vicious Plunge In Q2 Cost Tesla $23 Million — But It’s Better Than Some Expected

In an earnings report after market close on Monday, Elon Musk’s electric car manufacturer revealed blockbuster income for the second quarter. The report showed that the firm produced and delivered 200,000 vehicles, accruing a profit of over $1 billion for the first time in history. However, Tesla also indicated that bitcoin had put a slight… Continue reading Bitcoin’s Vicious Plunge In Q2 Cost Tesla $23 Million — But It’s Better Than Some Expected

NYDIG & Q2 Enable Over 18 Million US Bank Account Holders To Buy, Sell, And HODL Bitcoin

NYDIG, a New York-based finance firm, has announced a partnership with digital bank Q2 that will make it possible for the latter’s 18.3 million clients in the United States to buy, sell and own bitcoin. BTC has been under fire as of late and is still struggling to recover from the dip suffered last month… Continue reading NYDIG & Q2 Enable Over 18 Million US Bank Account Holders To Buy, Sell, And HODL Bitcoin

NYDIG and Q2 partner to enable Bitcoin trading for 18M US bank customers

New York Digital Investment Group (NYDIG) has partnered with Q2, a firm specializing in providing digital services to financial institutions, to provide access to Bitcoin (BTC) for bank account holders in the United States. According to a release issued on Wednesday, the partnership will potentially open up Bitcoin buying, selling and custody channels to about… Continue reading NYDIG and Q2 partner to enable Bitcoin trading for 18M US bank customers

ETH Activity in Q2 Similar to That Before 2017 ICO Market Boom

Though some on-chain activity for Ethereum is similar to the conditions before the price rallied to its all-time high in 2018, it failed to demonstrate the same bullish behavior in 2020. According to a July report from Xangle Research on Decentralized Finance (DeFi) in Q2 2020, research analyst Jehn Kim determined that on-chain transaction volume… Continue reading ETH Activity in Q2 Similar to That Before 2017 ICO Market Boom

DeFi Earnings Fell 42% in Q2 Even as Token Prices Surged

The DeFi industry may be booming this year, but a new report shows earnings have fallen despite a huge surge in token prices. The second quarter token report from Bankless, a DeFi focused newsletter from Mythos Capital founder, Ryan Sean Adams, revealed that earnings fell by 42% in the second quarter, from $5.5 million in… Continue reading DeFi Earnings Fell 42% in Q2 Even as Token Prices Surged

Procter & Gamble Q2 Profit Tops Estimates; Organic Sales Up 5%

The Procter & Gamble Company (PG) reported that its second-quarter core earnings per share rose 14 percent year-on-year, due to lower non-core restructuring charges versus the prior year. Currency-neutral core earnings per share increased 15 percent. Organic sales were up five percent, for the quarter. For fiscal 2020, the company raised its guidance for core… Continue reading Procter & Gamble Q2 Profit Tops Estimates; Organic Sales Up 5%

RAPT Therapeutics Gains 29% In 5 Days, FLX475 Phase 2 Data Due In Q2

Shares of RAPT Therapeutics Inc. (RAPT) have gained nearly 29 percent over the last five trading days as the Company gears up for some near-term clinical milestones. RAPT is a clinical-stage immunology-based biopharmaceutical company focusing on oncology and inflammatory diseases. The Company has two lead oral compounds, FLX475 for oncology and RPT193 for allergic inflammatory… Continue reading RAPT Therapeutics Gains 29% In 5 Days, FLX475 Phase 2 Data Due In Q2

Ripple Q2 Market Report: XRP Sales Decline, Partnerships Bolster Market Width | BTCMANAGER

Ripple Inc’s Q2 2019 market insights report shows mixed results from a fundamental growth perspective. The company has relied on the sale of XRP tokens for a major chunk of its revenue, and this number has sunk to a mere $251 million this quarter. 3 billion XRP was released from escrow but a whopping 2.1… Continue reading Ripple Q2 Market Report: XRP Sales Decline, Partnerships Bolster Market Width | BTCMANAGER

ZCash Publishes Q2 2019 Transparency Report | BTCMANAGER

The Electric Coin Company that runs ZCash (ZEC) has published a transparency report highlighting key figures and expenses they incur on a monthly basis. The report, which was published on their blog on May 14, 2019, comes amid demand for more transparent disclosures from cryptocurrency firms. Financial Status and Outflows Assuming a $60 per coin… Continue reading ZCash Publishes Q2 2019 Transparency Report | BTCMANAGER

US productivity grew at strong 2.9% rate in the second quarter

The Labor Department on Thursday affirmed last month’s report that U.S. productivity increased at an annual rate of 2.9 percent in the second quarter. The government reported few revisions to the productivity figures released in August. The jump in productivity followed a tepid 0.3 percent gain in the first quarter. Labor costs slipped 1 percent… Continue reading US productivity grew at strong 2.9% rate in the second quarter

Ripple Q2 Report: XRP Sales Down But Customer Adoption on the Rise

Ripple (XRP)–Ripple, the blockchain startup parent company that created the XRP cryptocurrency, has released somewhat disappointing figures for the second quarter of 2018. Ripple holds a vast amount of the total supply of XRP in an escrow account that will not be fully paid out for the next several years. Each month, 1 billion XRP… Continue reading Ripple Q2 Report: XRP Sales Down But Customer Adoption on the Rise