Coinbase reported a $430 million net loss in the first quarter, or $1.98 per share, on declining sales and active users. Analysts were expecting profit of 8 cents per share.
Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop ever on Wednesday as the famously volatile crypto market weathers yet another slump
Bitcoin, ethereum and a host of other popular cryptocurrencies continued their historic downward slide Thursday in a digital currency market that’s lost some $600 billion in value in just the last week. Is a bubble bursting?
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