Bitcoin JPY (BTC-JPY)
- Yahoo Finance Video
Block to use 10% of bitcoin profits... to buy more bitcoin
Shares of Block (SQ) are moving up Friday morning — gains eventually pulling back after the market open, but remaining in the green — after the fintech company posted its first-quarter earnings results, revealing a 22% gain in gross profit, compared to one year ago. The company announced that they plan on using 10% of those profits from bitcoin (BTC-USD) products, to buy more bitcoin as an investment. Morning Brief Anchor Brad Smith breaks down the latest development for Block as it leans heavier into investing in bitcoin For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Coinbase tops Q1 estimates on revenue, earnings
Coinbase (COIN) delivered strong first-quarter earnings, surpassing Wall Street's estimates on both the top and bottom lines. The cryptocurrency exchange reported revenue of $1.64 billion, beating estimates of $1.32 billion, while its adjusted earnings per share (EPS) stood at $4.40, surpassing the $1.07 projection. To provide insight into Coinbase's results, Kindred Ventures Founder and Managing Partner Steve Jang joins Market Domination Overtime. Jang names the approval of bitcoin ETFs as a tailwind for Coinbase, which primarily benefited the exchange's legacy business of consumer trading. He notes that the company is entering its "second chapter" since going public, positioning itself as "a provider for the largest financial institutions on the planet." With Coinbase creating a platform for developers, Jang draws parallels to the early stages of tech giants like Facebook (META) or Amazon Web Services (AMZN). He describes this strategy as "forward-looking" and believes it will serve as a catalyst for Coinbase's long-term growth. "Coinbase is, was, and continues to be the best company to build the pillars that create the gateway for crypto and traditional finance," Jang tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
- Yahoo Finance UK
Vodafone is trying to turn your phone’s SIM card into a crypto wallet
Vodafone will use SIM card technology to meet an anticipated surge in demand for cryptocurrency on mobile phones.
