Block reported first-quarter earnings after the bell that exceeded analysts’ estimates. The stock rose about 10% in extended trading. Here’s how the company did, compared to analysts’ consensus from LSEG. Earnings per share: 85 cents adjusted vs. 72 cents adjusted that was expected Revenue: $5.97 billion vs. $5.82 billion expected Block posted $2.09 billion in … Read more
A smartphone with displayed Coinbase logo and representation of cryptocurrencies are placed on a keyboard in this illustration taken, June 8, 2023. Dado Ruvic | Reuters Coinbase reported better-than-expected revenue in its first-quarter earnings report on Thursday. Here’s how the company did, compared to analysts’ consensus from LSEG. Earnings: $4.40 per share. That may not … Read more
Bitcoin’s tumble is piquing the interest of investors who view pronounced swings in the digital token as a possible precursor for broader changes in risk appetite in global markets. The cryptocurrency has shed about 4% in the past two days following a near 16% plunge in April, the worst monthly drop since Sam Bankman-Fried’s FTX … Read more
Roger Ver, a bitcoin millionaire and evangelist, is one of the first early adopters of the so-called crypto-currency. (Photo by Danny Lee/South China Morning Post via Getty Images) South China Morning Post | South China Morning Post | Getty Images The Justice Department unveiled criminal tax fraud charges this week against a prolific bitcoin investor … Read more
As a test of their resulting AI tool, the researchers checked its outputs with one cryptocurrency exchange—which the paper doesn’t name—identifying 52 suspicious chains of transactions that had all ultimately flowed into that exchange. The exchange, it turned out, had already flagged 14 of the accounts that had received those funds for suspected illicit activity, … Read more
Cryptocurrency exchange Binance founder and CEO Changpeng Zhao speaks at a Binance fifth anniversary event in Paris, France, July 8, 2022. Staff | Reuters Changpeng Zhao, the billionaire co-founder and former CEO of Binance, is expected to see his mammoth wealth remain intact and likely continue to climb even as he faces time behind bars … Read more
Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, has been sentenced to four months in prison. Judge Richard Jones, who presided over the sentencing hearing in the Western District of Washington on Tuesday, handed down a lighter sentence than the three years petitioned by the prosecution. Last November, Zhao—better known as CZ—pleaded guilty … Read more
Changpeng Zhao, former chief executive officer of Binance, arrives at federal court in Seattle, Washington, US, on Tuesday, April 30, 2024. David Ryder | Bloomberg | Getty Images Binance’s billionaire founder Changpeng Zhao was sentenced to four months in prison on Tuesday, after pleading guilty to charges of enabling money laundering at his crypto exchange. … Read more
Zhao Changpeng, founder and chief executive officer of Binance, attends a conference at Porte de Versailles exhibition center in Paris, France June 16, 2022. Benoit Tessier | Reuters Changpeng Zhao, the founder and former CEO of crypto exchange Binance, heads to a Seattle courtroom on Tuesday to learn whether the crimes he admitted to committing … Read more
ARK Invest’s chief futurist lists five groups that should give tech investors an edge. According to Brett Winton, robotics, artificial intelligence, multi-omics sequencing, public blockchain and energy storage are key areas because they’re all entering the marketplace at the same time. “We believe that this is a unique time in technological economic history,” he told … Read more
