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The earnings report season is already here. Wall Street companies have been releasing their third-quarter reports back-to-back, chalking out the same. A day back, FinServ company Robinhood reported a net loss of $175 million in Q3. Read More: Will Robinhood continue making advancements in the crypto space ? Coinbase was the latest to release its report. The publicly traded company operating a crypto exchange incurred a third-quarter net loss of $545 million, marking a reduction of nearly 50% when compared to the past quarter. Despite being able to cut down its losses, the company’s transaction revenue had fallen from $655.2 million in the second quarter to $365.9 million—signifying a 44% dip. JUST IN: Coinbase $COIN reports a net loss of $545 million in Q3 2022. — Watcher.Guru (@WatcherGuru) November 3, 2022 The company stated the poor macro conditions, the shift in its trading volumes away from the United States due to the absence of regulatory cla...

Join Our Telegram channel to stay up to date on breaking news coverage The Federal Open Market Committee (FOMC) meeting is scheduled for November 1-2. The market expects the Federal Reserve to raise interest rates for the fourth consecutive time by 75 basis points . The hawkish stance taken by the Fed this year has caused a plunge in crypto prices , and this week’s announcement could also trigger a bearish sentiment. Crypto consolidates as market ahead of FOMC meeting The core inflation readings in the US have remained higher, and the Fed believes that monetary tightening policies will ease these inflation levels. Most market analysts believe this week’s meeting will yield another 75 basis points hike in interest rates . The Fed has aggressively raised interest rates this year to tame inflation. Investors have been shying away from investing in risk assets such as cryptocurrencies. Bitcoin has dropped by nearly two-thirds since creating an all-time high of over ...

Join Our Telegram channel to stay up to date on breaking news coverage Whenever there is a difficult economic situation, people tend to look to experts and billionaires and follow their lead when it comes to investing, as they know that the experts and billionaires know where to put their money in order to secure it. With the rising inflation and excessive fiscal spending which come as a consequence of the global pandemic, as well as many highly impacting geopolitical events, experts are now pointing the way toward digital currency . One recent example is Paul Tudor Jones — a legendary investor, billionaire, and hedge fund manager who recently revealed that he holds a small portion of Bitcoin as part of his portfolio. Tudor Jones also noted recently that he expects to see the prices of crypto &mdash ; primarily Bitcoin and Ethereum — go up amid the current economic difficulties. Crypto prices will rise again, says Paul Tudor Jones Tudor Jones recently spoke about...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com Cardano has maintained a strong downtrend since reaching its all-time high (ATH) in September 2021. Just when many investors believe that crypto prices have dipped low enough, they tend to go lower. If Cardano was to set a lower low, what price would it reach? Cardano Price Prediction Investors who bought Cardano (ADA) at the end of 2020 practically bought the lows because ADA went on an epic bull run at the beginning of 2021. This proof of stake crypto surged more than 2,000% to reach its ATH of $3.09. A massive crash followed, with ADA losing 87% of its value. The coin appeared to have broken out of a downtrend in March 2022, signaling a possible reversal.                                                ...