:Coinbase Global Inc reported a larger-than-expected quarterly loss on Tuesday as investors worried by this year's rout in risky assets shied away from trading in cryptocurrencies, sending its shares down 6 per cent.
Investors have dumped speculative assets from stocks to crypto this year on fears that aggressive central bank policy tightening could tip the U.S. economy into a recession.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto exchange Coinbase posts loss as trading volumes plungeCoinbase Global reported a loss for the second quarter on Tuesday (Aug 9), hurt by a plunge in trading volumes as this year's rout in risky assets curbed investor appetite for trading in cryptocurrencies. Shares of the company were down 6 per cent in extended trading. Investors have dumped specul
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Crypto exchange Coinbase posts loss as trading volumes plungeCoinbase Global reported a loss for the second quarter on Tuesday (Aug 9), hurt by a plunge in trading volumes as this year's rout in risky assets curbed investor appetite for trading in cryptocurrencies. Shares of the company were down 6 per cent in extended trading. Investors have dumped specul
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
HKMA buys HK$2.98 billion from market as currency hits weak end of trading bandHONG KONG : Hong Kong's de-facto central bank bought HK$2.975 billion ($378.99 million) from the market in New York trading hours to stop the local currency from weakening and breaking its peg to the U.S. dollar.The Hong Kong dollar is pegged to a tight band of between 7.75 and 7.85 versus the U.S. dolla
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
SoftBank posts $17 billion Vision Fund loss in first quarterTOKYO : SoftBank Group Corp on Monday posted a 2.33 trillion yen ($17.23 billion) loss at its Vision Fund unit in the April-June quarter as the value of its tech portfolio slid. SoftBank had booked a record loss at the Vision Fund unit in May as market turmoil driven by rising interest rates and political
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
SoftBank posts $17 billion Vision Fund loss on tech slumpTOKYO :SoftBank Group Corp on Monday posted a 2.33 trillion yen ($17.23 billion) loss at its Vision Fund unit in the April-June quarter as the value of its tech portfolio slid. SoftBank had booked a record loss at the Vision Fund unit in May as market turmoil driven by rising interest rates and political inst
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
SoftBank posts US$23.1 billion Vision Fund loss on tech slumpTOKYO: SoftBank Group on Monday (Aug 8) booked an investment loss of US$23.1 billion at its Vision Fund unit in the April-June quarter after a slide in the value of its assets, including closely watched unlisted holdings, amid market turmoil. SoftBank had booked a record loss at the Vision Fund unit in May
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »