The Next Frontier: Blockchain meets Object-Capabilities taking place in San Francisco July 3 – Bankless Times banklesstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from banklesstimes.com Daily Mail and Mail on Sunday newspapers.
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By Paul Vigna Coinbase Global Inc. s profit surged in the first quarter, driven by a manic rally in bitcoin and other digital assets, the cryptocurrency exchange said in its first earnings report as a public company. It earned $771 million, or $3.05 a share, in the quarter, up from $32 million a year earlier. Total revenue surged to $1.8 billion from $191 million. The top and bottom-line figures represent records for the company, which was founded in 2012 and is the largest bitcoin exchange in the U.S. In early April, the company projected earnings of $730 million to $800 million on revenue of $1.8 billion.
Provided by Dow Jones
By Paul Vigna Coinbase Global Inc. s profit surged in the first quarter, driven by a manic rally in bitcoin and other digital assets, the cryptocurrency exchange said in its first earnings report as a public company. It earned $771 million, or $3.05 a share, in the quarter, up from $32 million a year earlier. Total revenue surged to $1.8 billion from $191 million. The top and bottom-line figures represent records for the company, which was founded in 2012 and is the largest bitcoin exchange in the U.S. In early April, the company projected earnings of $730 million to $800 million on revenue of $1.8 billion.
The Madness of Cooling A Cooling Planet
We are into our third spring month, and it is still snowing in the northern hemisphere, yet the madmen ruling the planet will not let the media inform the people that the climate experts were wrong about man-made global warming. Earth is facing a deep freeze, and solar scientists are warning us that this cooling, which has accelerated dramatically this year, will continue for several decades.
We will only care about climate change when we start to go hungry because of the cold weather. The endless winter is again shortening the growing season. The extension of winter this late into the spring will drive already soaring food prices into the stratosphere. It is May 10, and it is still snowing, and another vast cold front moves as far south as Florida.
Writing, money, and ledgers, are the three basic building blocks that allowed humanity to progress past the days of foraging for berries and hunting wild game to the advanced global civilization we are today.
Writing allowed us to convey knowledge and information that made it possible to cooperate and build on the findings of others.
Money allowed for the efficient allocation of scarce resources and the facilitation of trade.
Ledgers allowed all these activities and transactions to be recorded so we could trust one another beyond immediate friend groups.
Being able to trust one another is perhaps one of the most important facilitators of economic and social activity. When you perform a transaction you trust that the service you’re getting is what you paid for. When you put your money in a bank, you trust that the bank is a reputable third party to store assets. When you use the internet you trust that your data is secure and won’t be given away to bad actors.