earnings – Page 3 – DIGIT INFO

Marathon is now the 2nd-largest listed holder of Bitcoin, says CEO

The United States-listed Bitcoin miner has produced at least 1,231 Bitcoin since the start of July and has sold none of it to date.

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Coinbase transaction revenues plummet 44% as users activity declines in Q3

While poor market conditions have resulted in revenues falling for the crypto exchange in Q3, its effort to reduce expenses has led to some streamlining.

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MicroStrategy CEO reiterates ‘long term’ Bitcoin play in Q3 earnings

The world’s largest corporate holder of Bitcoin has reduced its losses compared to previous earnings as its CEO says it will continue to buy and hold Bitcoin long term.

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Metaverse losses top $3.6B for Meta with spending set to increase

The tech giant is just over $500 million away from topping its more than $10 billion Metaverse department losses in 2021, but it said its spending will only grow next year.

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A crumbling stock market could create profitable opportunities for Bitcoin traders

U.S. tech giants are set to report their second quarter earnings throughout October, presenting a scenario that could possibly benefit Bitcoin.

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MicroStrategy stock MSTR hits 3-month high after CEO’s exit

Poor earnings coupled with overvalued fundamental metrics pose long-term bearish risks for MSTR.

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Alphabet, Microsoft and Now Meta Release Disappointing Quarterly Earnings

Meta joined Alphabet and Microsoft in releasing disappointing quarterly financials, following the company’s Q2 earnings call. In a week of a disappointment for mega-cap stocks, the trio has all missed revenue and earnings expectations, with Meta seeing its first quarterly sales decline ever recorded. Economic Slowdown Due to the current global economic slowdown, markets had […]

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IMF global outlook suggests dark clouds ahead for crypto

The IMF has forecast economic growth to slow from 6.1% last year to 3.2% in 2022, which some believe will have negative consequences for crypto.

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‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money. Michael Burry’s Recession Warning Famous investor and founder of investment firm Scion Asset […]

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Argentinians Are Now Using P2P Markets to Multiply Their Savings

Argentinians are now discovering that P2P (peer-to-peer) markets can be used to maintain or multiply their savings in crypto and foreign currency. According to local media sources, more and more Argentinians are using P2P exchanges and markets to apply arbitrage and earn money being P2P cashiers. Maximiliano Hinz, Latam operations director of Binance, states that […]

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