US worldpay OmniFlex Largest Cryptocurrency Exchange Coinbase Records $1.1B Loss in Q2

Crypto is in a difficult phase. Two of the biggest cryptocurrencies, Bitcoin and ether, are “down over 50% since the year began,” as per CNET. Crypto exchanges are suffering as well.  On Tuesday, US Largest cryptocurrency exchange, Coinbase, posted a loss of $1.094 billion in the second quarter of the year. Coinbase’s shares dropped about 5% after the close of regular trading. The company was down by 65% this year amid what has been referred to as the latest “crypto winter,” as per Bloomberg. (Photo : Coinbase App Screenshot)Coinbase refuted SEC claims it distributes unregistered securities after a former employee was accused of fraud.

Previous post ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of PS Business Parks, Inc.
Next post Juniper Networks Inc. (JNPR) Stock virtual terminal Is Looking Attractive