Cryptocurrency Companies Raised $2.6 Billion in Q1 2023, Marking a Decline in Investment Activity
In the first quarter of 2023, cryptocurrency companies raised a total of $2.6 billion in 353 rounds of investment. The analytical platform PitchBook wrote about it in a report. The platform's experts noted an 11% decrease in deal value and a 12.2% decrease in the total n ...
Robinhood Reports Better-Than-Expected Financial Results in Q1 2023
The company delivered a successful earnings report After its release, its stock rose Trading app Robinhood reported first-quarter financial results. They were better than expected, even though trading volumes remain lower than a year ago. So, Robinhood recorde ...
Roblox Reports Growth in Users and Digital Currency Sales in Q1 2023
Roblox reported growth in daily users and digital currency sales last quarter Online game creation platform Roblox has reported its Q1 2023 results: more active players and sales of Robux's internal cryptocurrency increased sharply. According to the published data, the platform received $774 m ...
PayPal Reports 56% Increase in Crypto Assets in Q1 2023
In a quarterly report filed with the U.S. Securities and Exchange Commission (SEC), PayPal reported that the company's crypto assets increased 56% in the first quarter of 2023. As of March 31, 2023, the company had $943 million in total crypto assets in its accounts. Of ...
Cash App Reports $2.16 Billion in Bitcoin Sales in Q1 2023
Block, the company behind the popular investment app Cash App, reported a marked increase in bitcoin sales through the app. For the first quarter of 2023, volumes reached $2.16 billion. Trading volume increased along with the recovery of the first cryptocurrency, but the ...
Coinbase Reports Revenue Growth of 22% in Q1 2023
An adjusted loss per share of $0.34, well below projections The company has improved performance due to cost optimization The exchange laid off about 950 people in January alone Today, May 4, Coinbase investors received the exchange's financial report ...