PayPal’s (PYPL) adjusted earnings per share of $1.11 for the third quarter came in ahead of the analyst consensus estimate of $1.07, according to FactSet. But the company also posted revenue of $6.18 billion in the third quarter, which was short of estimates of $6.23 billion. The company posted total payment volume of $310 billion […]
PayPal’s Q3 Earnings Beat Estimates but Revenues Fall Short
Swiss Crypto Exchange SDX Said to Go Live Later This Month
SIX Digital Exchange (SDX) will go live later this month, according to two people familiar with the plans. An important milestone for SDX, the digital-asset subsidiary of Switzerland’s main stock exchange operator SIX Group, was the receipt of two licenses from Swiss markets regulator FINMA in September. “SDX is now ready to start operations and […]
Shiba Inu Sees Record Speculative Frenzy, Snaps 5-Week Winning Trend
Speculative fervor in popular meme token shiba inu (SHIB) recently reached unprecedented levels, reprising the retail frenzy observed ahead of May’s price crash. The number of addresses that acquired the cryptocurrency within 20% of the all-time high price climbed six-fold to a record 116,560 in the eight days to Nov. 2, amounting to 12% of […]
First Mover Asia: Bitcoin Rises Amid Light Weekend Trading
Good morning, Here’s what’s happening: Market Moves: Bitcoin rose over the past 24 hours, and the leading cryptocurrency by market capitalization experienced low volatility. Technician’s Take: Bitcoin is holding support at 60K, and slowing momentum suggests a period of consolidation. Watch CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Bitcoin (BTC): $62,877.06 […]
If Facebook Can’t Run a Global Currency, Who Could?
This episode is sponsored by Nexo.io. A recent letter addressed to the social media giant from five democratic senators laid it out clearly; There’s simply no way Meta (formerly Facebook) will be allowed, much less trusted, to run a supra-national stablecoin. It’s a stance many agree with but it brings up a larger and much […]
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