Coinbase Posts $1 Billion Net Loss in Q2, Stock Tumbles

Trading volume on the exchange fell by 29% in the second quarter.

Marathon Digital Posts Negative Q2 Results, but Increases Bitcoin Production 8% YoY

Marathon Digital, one of the biggest mining companies in the Bitcoin ecosystem, has posted its financial results corresponding to the second quarter of the year.

Galaxy Digital’s Q2 Net Loss Tripled To $554.7 Million Amid Market Turmoil

Galaxy Digital said its net loss in the second quarter had risen three times the amount it experienced during the same period last year.

Coinbase Rises ahead of Second-quarter Earnings Report

Shares of cryptocurrency exchange Coinbase have been rising recently this week, although they are still down nearly 70% from the beginning of 2022.

Michael Saylor Reveals Why He Exited MicroStrategy’s CEO Post Amid a $918,000,000 Bitcoin Loss

MicroStrategy founder Michael Saylor is stepping down as CEO of the firm as the business software company reports incurring a $917.8 million Bitcoin (BTC) loss during the second quarter of the year.

BNB Chain Outran Other Ethereum Competitors in Several Metrics During Q2: Insights Firm Messari

Binance’s BNB Chain (BNB) outperformed other Ethereum (ETH) competitors in the second quarter of 2022, according to crypto insights firm Messari.

MicroStrategy Reports $917M Bitcoin Impairment Charge as Saylor Steps Aside

During its second-quarter earnings call, executives explained how Bitcoin's recent volatility affected its balance sheet.

Michael Saylor will step down as MicroStrategy CEO but remain executive chair

The soon-to-be former CEO said splitting the roles of MicroStrategy's chief executive officer and chair would help the firm pursue its strategy of "acquiring and holding Bitcoin." Bitcoin maximalist Michael Saylor has announced that he will step down as the chief executive officer of MicroStrategy, the business intelligence firm he helped co-found in 1989.In a Tuesday notice on its second quarter earnings for 2022, MicroStrategy said Saylor would be assuming the new role of executive chair at the company, while president Phong Le will become CEO.

Crypto miner Digihost plans to move rigs from New York to Alabama

The mining firm said it aims to have a hashing capacity of 28 MW at the Alabama facility by the fourth quarter, and 55 MW by the second quarter of 2023. Digihost, a United States-based cryptocurrency mining company, has announced plans to move part of its fleet from New York to Alabama in an effort to lower energy costs.In a Tuesday announcement, Digihost said its 55-megawatt (MW) facility in Alabama — which the company acquired in June — will host some of its crypto miners from New York, leading to lower operating costs.

Investors, should you watch out for BNB Chain after this 'milestone'

The second quarter of 2022 has been one of the worst-performing quarters for most cryptocurrencies.

Surging Ethereum (ETH) Scaling Solution Sees Rise in Network and Developer Activity Despite Crypto Bear Market

Polygon (MATIC) is witnessing surging network and developer activity in the second quarter of 2022 despite the ongoing crypto bear market.

CME crypto futures see record activity during bear market

The trading of Bitcoin and Ether futures on CME remained elevated in the second quarter, with daily open interest hitting all-time highs.

Arcane Research: Stablecoins Supply Drops Almost 19% In Q2 2022

The total supply of stablecoins decreased globally by 18.8% at the end of the second quarter of 2022 as the equities markets and risky assets experience volatile times due to rising inflation and other macro reasons.

Tesla reports $64M profit from Bitcoin sale

Elon Musk’s electric vehicle company sold 75% of its BTC in the second quarter.

Solana: Network upticks present rare victory for SOL traders

Solana appears to have come out of the ashes of the second quarter this year.

BlockFi Total Loan Tops $1.8B With a $600M Net Risk Exposure in Q2

BlockFi, a major crypto lending firm based in New Jersey, officially disclosed a total loan of $1.8 billion and a net unsecured exposure of $600 million by the end of the second quarter of 2022.

BNB Was the Top Ten’s Best Market Performer in Q2, Bitcoin Takes Second Place — Solana Performed the Worst

With the first half of the year gone, statistics from the second quarter of 2022 indicate that the crypto economy has tumbled significantly in value, and crypto tokens in the top ten market positions have lost 30% to 60% in USD value during the past three months.

Elon Musk Reveals Why Tesla Dumped $936,000,000 in Bitcoin (BTC) in the Second Quarter

Tesla CEO Elon Musk is opening the lid on why the electric car maker disposed of a large chunk of its Bitcoin (BTC) holdings.

Strict Thai crypto regulation causes SCB to delay Bitkub acquisition

SCB X notified the Stock Exchange of Thailand that the Bitkub acquisition is “still undergoing due diligence.” Thailand’s oldest bank is unable to acquire the country’s largest local cryptocurrency exchange due to stringent crypto regulations.As reported by Cointelegraph in November 2021, SCB X Group, a subsidiary of Siam Commercial Bank (SCB), was set to acquire a 51% stake in Bitkub by the second quarter of 2022 as part of a plan to become a regional fintech.

Gate Io Releases Q2 GateToken (GT) Burn Results, Over $40 Million Burned so Far in 2022

[PRESS RELEASE – Majuro, Marshall Islands, 19th July 2022] In the second quarter of this year, GateToken’s (GT) buyback and burn program reached over $17 million in total value burned.

Gate.io Releases Q2 GateToken (GT) Burn Results, Over $40 Million Burned So Far in 2022

July 19, 2022 – Majuro, Marshall Islands In the second quarter of this year, GateToken‘s (GT) buyback and burn program reached over $17 million in total value burned.

Solana: Reasons why SOL holders can celebrate over the weekend

Solana has managed to show positive gains even during the crypto crisis in the second quarter of 2022.

Web3 dominates venture capital interest in blockchain industry in Q2 2022

All the deals, trends, moves and investments in Q2 2022 across the blockchain landscape are contained in the latest Cointelegraph Research report. Cointelegraph Research brings an analysis of all the deals and trends from venture capital (VC) in the blockchain industry during the second quarter of 2022.When looking at the aggregate total amount invested into the crypto industry in the second quarter, it will tell one story.

Web3 Witnessed Over $718,000,000 in Losses in Q2 This Year, According to Blockchain Security Firm

New data from a blockchain security company reveals that the Web 3.0 sector suffered hundreds of millions of dollars worth of losses in the second quarter of this year.

Polkadot’s Network Usage Remained Consistent in Q2 Despite Market Downturn: Report

The report noted that Polkadot's network usage and developer activity remained strong during the second quarter of the year despite market turbulence.

Nansen's NFT indexes quarterly report for Q2 can make investors happy

In a newly published report, popular analytics platform Nansen assessed the performance of the NFTs market in the second quarter of the year.  Using its NFT indexes, Nansen found that blue chip NFThe post Nansen's NFT indexes quarterly report for Q2 can make investors happy appeared first on AMBCrypto.

DeFi market fell off cliff in Q2 but users haven't given up hope: Report

While on-chain activity slowed down, the DeFi industry has managed to retain most of its daily active users. Despite the decentralized finance (DeFi) market suffering a 74.6% market cap decline in Q2, user activity has remained relatively resilient, says CoinGecko. In a report published by the crypto data aggregator on July 13th, CoinGecko reported that the overall DeFi market cap fell from $142 million to $36 million over the second quarter, due mainly to the collapse of Terra and its stablecoin TerraUSD (UST) in May.

NFT volume sees yearly low in June, but first-time buyers remain consistent

Nansen's NFT analysis draws into focus the numbers behind the market's first bearish cycle. Blockchain analytics service Nansen has published its NFT Indexes Report for the second quarter of 2022, showing the market dynamics and quantitative performance of nonfungible tokens (NFTs) over the last three months. The report identifies and determines key factors contributing to the well-documented NFT bear market, including Ethereum-based volume and transactional metrics, as well as market capitalization, among others. Commencing with an analysis of NFT volume statistics on Ethereum measured per week across a monthly time frame, the report found that June recorded the lowest figure of the calendar year. Calculated across six marketplaces — OpenSea, LooksRare, Mints, X2Y2, 0x, and CryptoPunks — the NFT space, at least on an economic level, experienced a considerable depreciation throughout June to close to approximately 600,000 Ether (ETH) in trading per week.In stark comparison, the previous month of May recorded around 1.3 million in weekly ETH volume, circa 900,000 of which occurred on OpenSea alone.Monthly NFT volume.