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techgizmohub · 9 months
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HULT Private Capital Eyeing Coinbase’s Fall
We recently sat down with Amrit Singh, lead advisor for HULT Private Capital, who follows the crypto space, to discuss Coinbase’s swi fall from grace. Singh started by saying, “We at HULT Private Capital had high hopes for Coinbase. The crypto exchange had its IPO in April of 2021; through a direct Nasdaq lis ng, not a SPAC, which has been popular but not so successful for investors for the past few years. In Coinbase’s rst day of trading, it nished the day closing at $328.28 per share. This was well above the expected reference point of $250 per share. Through 2021 Coinbase rose with the excitement that many new retail investors had jumping into cryptos, and in November, it reached its all- me high with the per share price closing at $357.39.”
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HULT Private Capital’s Singh con nued, “However, from that high, Like the rest of the crypto space, Coinbase has pre y much made a slow crash back to earth. The stock price has dropped 75% from its peak and even dipped below $50 at the end of June; but it has gained over 60% since then.”
HULT Private Capital’s Amrit Singh explained, ”Sadly, Coinbases most recent quarterly results have not soothed their investors’ concerns for the future. In the second quarter of 2022, Coinbase recorded a loss of over a billion dollars, with revenue of only $808.3 million. This revenue missed the Re ni v consensus forecast by nearly 25 million (the forecast was $832.2 million).“ HULT Private Capital’s Singh went on, “In their repor ng, Coinbase stated that their retail transac on revenue, which includes crypto trading, was only $616.2 million, equa ng to a fall of 66% year over year. Retail transac on revenue es mates were around $667 million, so Coinbase missed these by $50 million. This kind of underperformance has resulted in several analysts advising that traders stay away from Coinbase stock un l we see signs of a sustained crypto market recovery.”
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As of writing, the crypto with the largest market share, Bitcoin, has dropped over 50% in 2022.Graph courtesy of Google Finance HULT’s Singh nished our interview saying, “We at HULT Private Capital believe that since their recent run up, there is not much le for price increases for Coinbase in the near term. If you look at the graphs for Coinbase and Bitcoin, they are nearly iden cal in shape. For the me being, where Bitcoin goes, so does Coinbase. As the crypto market expands, they will eventually start to diverge. But as a company, Coinbase needs to get its house in order. Cost reduc on ac ons are needed. QoQ headcount is s ll up, and Coinbase is facing a signi cant cash burn, and stock dilu on is high with its stock-based compensa on.”
HULT Private Capital’s Amrit Singh’s predic ons are in line with other analysts, Will Nance of Goldman has a sell ra ng for COIN, and KBW’s Kyle Voight has downgraded Coinbase to underperform, sta ng that revenue visibility is challenging, especially with retail crypto trading disengaging and Coinbase’s download ac vity trending nega vely.
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bixels · 5 days
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You guys remember when Dan Olson's "The Line Goes Up" video dropped and was so damning and incriminating that, overnight, hundreds of the most beloved content creators and Youtubers quietly dropped any and all mention/support of crypto in their videos?
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captainwebgenesis · 6 months
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CAPTAIN WEBGENESIS // HOW TO FIND LOST BITCOIN
You can Recover Your Funds from Illegal Online Investment Scams with the aid of scam recovery companies. Captain WebGenesis, a certified Crypto Hacker with a US base who specialize in recovering lost cryptocurrency and assets, is who I would advise. My life retirement assets were saved by the Expert from an online fraudster. Any victim looking for an ethical hacker should get in touch with Captain WebGenesis to get your funds back.
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camilaemily · 2 months
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misternews · 6 months
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BITCOIN KING OF CURRENCY
Bitcoin, the revolutionary digital currency, has been making waves in the financial world since its inception in 2009. With its decentralized nature and secure transactions, it has gained popularity among investors and tech enthusiasts alike. In this article, we will delve into the world of Bitcoin, exploring its features, benefits, and the future it holds.
What is Bitcoin?
Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions without the need for intermediaries such as banks. It was invented by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Operating on a technology called blockchain, Bitcoin ensures secure and transparent transactions through a network of computers known as nodes.
How Does Bitcoin Work?
Bitcoin works on the principle of blockchain technology, a distributed ledger that records all transactions made using the indo3388 cryptocurrency. When someone initiates a Bitcoin transaction, it is broadcasted to the network of nodes. These nodes validate the transaction by solving info slot complex mathematical problems. Once verified, the transaction is added as a block to the blockchain.
Benefits of Bitcoin
Decentralization: Bitcoin operates on a decentralized network, meaning that no central authority controls or governs it. This provides individuals with more control over their finances and reduces the risk of government interference or manipulation.
Security: Bitcoin transactions are highly secure due to the use of cryptographic algorithms. Each transaction is digitally signed to ensure authenticity and integrity, making it nearly impossible to counterfeit or manipulate.
Anonymity: While Bitcoin transactions are public, users have the option to remain anonymous. Instead of using personal information, Bitcoin addresses are used, providing a certain degree of privacy.
Low Transaction Fees: Traditional financial institutions often charge hefty fees for international or large-scale transactions. Bitcoin eliminates the need for intermediaries, resulting in lower transaction fees, especially for cross-border transfers.
Global Accessibility: Bitcoin can be accessed by anyone with an internet connection, regardless of their geographic location. This allows for seamless international transactions and financial inclusion for the unbanked population.
The Future of Bitcoin
The future of Bitcoin looks promising, with its growing acceptance and adoption in various industries. Here are some slot gacor key factors shaping its future:
Increased Institutional Adoption: With companies like Tesla and Square investing in Bitcoin, institutional adoption is on the rise. This not only adds credibility to the cryptocurrency but also paves the way for more mainstream acceptance.
Technological Advancements: As technology evolves, so does Bitcoin. Innovations such as the Lightning Network aim to improve scalability and transaction speeds, addressing some of the current limitations of the network.
Central Bank Digital Currencies (CBDCs): Governments around the world are exploring the concept of CBDCs, digital currencies issued and regulated by central banks. This could potentially lead to a greater acceptance and integration of Bitcoin into the traditional financial system.
Store of Value: Bitcoin is often referred to as "slot online" due to its limited supply and scarcity. As a store of value, Bitcoin can act as a hedge against inflation and economic uncertainty, making it an attractive asset for long-term investment. In conclusion, Bitcoin has emerged as a revolutionary form of digital currency, offering benefits such as decentralization, security, and low transaction fees. Its future looks promising, with increasing institutional adoption and technological advancements. Whether Bitcoin will become the currency of the future remains to be seen, but its impact on the indo3388 financial landscape is undeniable. So, are you ready to embrace the world of Bitcoin and explore the possibilities it holds?
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undrgrnd-nft · 5 months
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#UNDRGRND PURCHASE: MOTHMAN:\>A_MAGNETIC_RAIN_GAZE.GIF by @1bitnecro
UNDRGRND PURCHASES WORK FROM ARTISTS FEATURED IN UNDRGRND DIGS. THESE PIECES GO ON TO BE DISPLAYED IN THE UNDRGRND GALLERY.
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memenewsdotcom · 2 years
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Crypto plunge continues
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A  Freedom of Information Act request has revealed an August 2021 contract between U.S. crypto company Coinbase and U.S. Immigrations and Customs Enforcement (ICE). The contract shows that Coinbase is providing ICE with access to their "Coinbase Tracer" intelligence-gathering tool, which is used to trace blockchain transactions and thwart laundering of funds through crypto tumblers.
Cryptocurrency has long been touted as a tool for the unbanked, including those who don't have access to banking because they're undocumented, and for people hoping to operate free from government observation. Coinbase, however, has actively courted government contracts such as this one, which has not won them favor among the more libertarian-leaning crypto enthusiasts.
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techgizmohub · 9 months
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anilbertovillalobos · 6 months
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tradedoubllers21 · 4 days
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Product GlanceModelS21 Hyd.Algorithm | CryptocurrencySHA256 | BTC/BCH/BSVHashrate, TH/s(1-1)335Power on wall @35°C(1-2), Watt(1-1)5360Power efficiency on wall @35°C(1-2), J/TH(1-1)16.0Detailed CharacteristicsPower SupplyPower supply AC Input voltage, Volt(2-1)380~415V ACPower supply AC Input Frequency Range, Hz50~60Power supply AC Input current, Amp(2-2)12Hardware ConfigurationNetworking connection modeRJ45 Ethernet 10/100MMiner Size (Length*Width*Height, w/o package),mm339*163*207Miner Size (Length*Width*Height, with package),mm570*316*430Net weight, kg12.3Gross weight, kg13.6Environment RequirementsInlet water temperature, °CNEM(2-3)
HEM1(2-3)
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45
50Water flow, L/min8.0~10.0Water pressure bar≤3.5Working fluid(2-4)Deionized water/Pure waterLiquid PH8.5~9.5Diameter of water pipe connector, mmDN10Storage temperature, °C-20~70Operation humidity(non-condensing), RH
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ganikggm · 3 months
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potuzzz · 22 days
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Hello I'm Victor Larsson from Britain 🇬🇧 am in financial growth institute, also a trader in binary/Bitcoin mining and other crypto currencies, are you interested in Binary options investment??
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dencyemily · 2 months
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Chamber of Digital Commerce Takes a Stance in Kraken vs. SEC Legal Battle
In the ongoing legal tussle between Kraken, a prominent cryptocurrency exchange, and the U.S. Securities and Exchange Commission (SEC), the Chamber of Digital Commerce has entered the fray. The Chamber filed an amicus curiae brief on February 27, challenging the SEC's regulatory stance on digital assets. This move signifies a pivotal moment in the broader discourse on the regulatory framework for digital assets in the United States.
Central to the Chamber's argument is its opposition to the SEC's broad classification of all digital asset transactions as securities transactions. The Chamber contends that digital assets, essentially lines of code facilitating functionality on blockchain networks, should not be automatically treated as investment contracts. Drawing on legal precedents where digital tokens were not categorically considered securities, the Chamber advocates for a nuanced, transaction-specific assessment.
Moreover, the Chamber critiques the SEC's regulatory strategy, characterizing it as an overreach without sufficient legislative backing. It argues that such enforcement actions impede innovation and pose potential risks to the trillion-dollar digital asset space and the broader U.S. economy. The filing references past cases, including those involving Ripple and Terraform Labs, where the SEC's position did not yield an entirely favorable outcome for the regulator.
This development underscores the larger trend of regulatory scrutiny within the digital asset industry. Similar allegations have been levied by the SEC against other crypto exchanges such as Coinbase and Binance since June 2023. These cases suggest the SEC's intention to impose tighter regulations on the digital asset space, defaulting to the classification of digital assets as securities.
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