Publicly traded crypto firm Bakkt (NYSE: BKKT) posted a net loss of $28.8 million in Q3, versus a net loss of $18 million year-over-year.Additionally, Bakkt had an operating loss of $29.9 million in the third quarter, compared to a loss of $17.7 million year-over-year. Shares fell about 7% in premarket trading after the earnings release.Bakkt posted third-quarter net revenue of … [Read more...] about Bakkt Shares Fall After Crypto Firm Posts Third-Quarter Loss
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Shiba Inu Hits Record High as Bitcoin Eyes Weekly Price Loss
Shiba inu (SHIB), the self-proclaimed dogecoin killer, tapped lifetime highs on Sunday as bitcoin appeared on track to snap its three-week winning streak.The shiba inu coin traded at $0.0000455 at 11:20 UTC, topping the previous record price of $0.0000388 reached on May 10, according to data source Messari.Prices for the meme token have risen by nearly 50% in the past 24 hours, … [Read more...] about Shiba Inu Hits Record High as Bitcoin Eyes Weekly Price Loss
Cream Finance appears to have suffered major loss in flash loan hack
Decentralized lending platform Cream Finance appears to have suffered a severe exploit on Wednesday, with an attacker stealing over $100 million worth of funds through a large flash loan attack. Blockchain data analytics company PeckShield first identified the flash loan on Wednesday. The compromised funds were mainly Cream liquidity provider tokens, as well as other … [Read more...] about Cream Finance appears to have suffered major loss in flash loan hack
Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2
Bitcoin’s second-quarter price battering has pundits speculating that Tesla may have to report a loss of up to $100 million for Q2.With the price of Bitcoin recently dropping to revisit levels last seen in January, CNBC business analyst Kate Rooney asserted on July 6 that Tesla may face an “impairment charge” — requiring it to report the drawdown in a disclosure to the U.S. … [Read more...] about Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2
Bitcoin bulls must now defend $33K support after 5% daily loss
Bitcoin (BTC) faced fresh losses on Thursday as attention focused on an impending test of an important support zone. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNo price breakout for BitcoinData from Cointelegraph Markets Pro and TradingView tracked a 5% decline in BTC/USD overnight on Wednesday.As Cointelegraph reported, eyes are now on an area between $32,300 … [Read more...] about Bitcoin bulls must now defend $33K support after 5% daily loss