Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs

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Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs

finance.yahoo2021-08-10

Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...

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Ameliakoh
·2021-08-11
Pls like n comment ?
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3
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- Benly8:
  Nice
  2021-08-12
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- Ag1718:
  Like . Reply back
  2021-08-12
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- ocean_wave:
  Hi
  2021-08-11
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Mhong
·2021-08-11
Like & comment
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4
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- Ag1718Replying toVincewjs:
  Thanks
  2021-08-12
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- VincewjsReplying toAg1718:
  hey
  2021-08-12
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- Ag1718:
  Like . reply back
  2021-08-12
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VL505
·2021-08-11
Buy coin base?
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2
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- JackTL:
  can hold
  2021-08-11
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丰人
·2021-08-11
Good.
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3
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Uasbau
·2021-08-11
Good infos
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- Tenten:
  Yeah~
  2021-08-11
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Lamborghini1
·2021-08-11
Latest
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2
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littlekitten
·2021-08-11
Cool!
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5
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- Lamborghini1:
  yeah
  2021-08-11
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Aloynty
·2021-08-11
One to watch
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4
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STKG
·2021-08-11
Shd be good.
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andrew123
·2021-08-11
Like n comment.
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- Ag1718Replying toandrew123:
  Thanks
  2021-08-11
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- andrew123:
  tks
  2021-08-11
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- Ag1718:
  Like . reply back
  2021-08-11
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AJR
·2021-08-11
Let's go crypto
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- Aloynty:
  Muted by btc, but lets see
  2021-08-11
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replaygoh
·2021-08-11
haha
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Kelvinphan
·2021-08-11
Pls like
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- DL97:
  Likezzz
  2021-08-11
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vSup_puSv
·2021-08-11
Like pls
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- Kelvinphan:
  Done
  2021-08-11
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老鼠林
·2021-08-11
nice
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8
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ARG
·2021-08-11
Like and comment.
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- DanVI:
  Done
  2021-08-11
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LST3
·2021-08-11
Good
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cozyli
·2021-08-11
Pls like thanks
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- cozyli:
  done thanks
  2021-08-11
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- andrew123:
  done. like back.ok
  2021-08-11
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yattreblif
·2021-08-11
Cool
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GlitterD
·2021-08-11
Latest
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Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":892106860,"gmtCreate":1628641904850,"gmtModify":1676529804658,"author":{"id":"3574754838536636","authorId":"3574754838536636","name":"Ameliakoh","avatar":"https://static.tigerbbs.com/4a747ab791603fb0a649736b10ec7454","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574754838536636","authorIdStr":"3574754838536636"},"htmlText":"Pls like n comment ?","listText":"Pls like n comment ?","text":"Pls like n comment ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/892106860","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5499520,"gmtCreate":1628725695611,"gmtModify":1663232248031,"authorId":3579657215684313,"author":{"id":3579657215684313,"idStr":"3579657215684313","authorId":3579657215684313,"name":"Benly8","avatar":"https://static.tigerbbs.com/80f36222b1c1982caf217686d5a8431f","vip":1,"crmLevel":1,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892106860,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"},{"id":5499045,"gmtCreate":1628723920030,"gmtModify":1663232246468,"authorId":3582350348015234,"author":{"id":3582350348015234,"idStr":"3582350348015234","authorId":3582350348015234,"name":"Ag1718","avatar":"https://community-static.tradeup.com/news/7b99db6dd9dd4eaa84bd8baf04aad0b9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892106860,"type":1,"supId":5492540,"prevId":0,"content":"Like . Reply back","text":"Like . Reply back","html":"Like . Reply back"},{"id":5492540,"gmtCreate":1628666273645,"gmtModify":1663232216633,"authorId":3578971018458145,"author":{"id":3578971018458145,"idStr":"3578971018458145","authorId":3578971018458145,"name":"ocean_wave","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892106860,"type":1,"supId":0,"prevId":0,"content":"<u>Hi</u>","text":"<u>Hi</u>","html":"<u>Hi</u>"}],"langContent":"EN"},{"id":892350172,"gmtCreate":1628640368996,"gmtModify":1676529803771,"author":{"id":"3578449123371823","authorId":"3578449123371823","name":"Mhong","avatar":"https://static.tigerbbs.com/f1110c90505cf18cc129130892c4dc2a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578449123371823","authorIdStr":"3578449123371823"},"htmlText":"Like &amp; comment","listText":"Like &amp; comment","text":"Like & comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/892350172","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5504587,"gmtCreate":1628756800925,"gmtModify":1663232273436,"authorId":3582350348015234,"author":{"id":3582350348015234,"idStr":"3582350348015234","authorId":3582350348015234,"name":"Ag1718","avatar":"https://community-static.tradeup.com/news/7b99db6dd9dd4eaa84bd8baf04aad0b9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3580530961144265,"repliedAuthor":{"id":3580530961144265,"idStr":"3580530961144265","authorId":3580530961144265,"name":"Vincewjs","avatar":"https://static.tigerbbs.com/b82f615cebf44420a077b013694f231d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":892350172,"type":1,"supId":5488668,"prevId":5500781,"content":"Thanks","text":"Thanks","html":"Thanks"},{"id":5500781,"gmtCreate":1628730456813,"gmtModify":1663232255037,"authorId":3580530961144265,"author":{"id":3580530961144265,"idStr":"3580530961144265","authorId":3580530961144265,"name":"Vincewjs","avatar":"https://static.tigerbbs.com/b82f615cebf44420a077b013694f231d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3582350348015234,"repliedAuthor":{"id":3582350348015234,"idStr":"3582350348015234","authorId":3582350348015234,"name":"Ag1718","avatar":"https://community-static.tradeup.com/news/7b99db6dd9dd4eaa84bd8baf04aad0b9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":892350172,"type":1,"supId":5488668,"prevId":5499065,"content":"<u>hey</u>","text":"<u>hey</u>","html":"<u>hey</u>"},{"id":5499065,"gmtCreate":1628723974281,"gmtModify":1663232244746,"authorId":3582350348015234,"author":{"id":3582350348015234,"idStr":"3582350348015234","authorId":3582350348015234,"name":"Ag1718","avatar":"https://community-static.tradeup.com/news/7b99db6dd9dd4eaa84bd8baf04aad0b9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892350172,"type":1,"supId":5488668,"prevId":0,"content":"Like . reply back","text":"Like . reply back","html":"Like . reply back"},{"id":5488668,"gmtCreate":1628641267766,"gmtModify":1663232201849,"authorId":3580530961144265,"author":{"id":3580530961144265,"idStr":"3580530961144265","authorId":3580530961144265,"name":"Vincewjs","avatar":"https://static.tigerbbs.com/b82f615cebf44420a077b013694f231d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892350172,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"}],"langContent":"EN"},{"id":892390381,"gmtCreate":1628637887843,"gmtModify":1676529802067,"author":{"id":"3569876910526514","authorId":"3569876910526514","name":"VL505","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/7b75ce0c34afff716602792a5d0929dd","crmLevel":4,"crmLevelSwitch":0,"idStr":"3569876910526514","authorIdStr":"3569876910526514"},"htmlText":"Buy coin base?","listText":"Buy coin base?","text":"Buy coin base?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892390381","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5488657,"gmtCreate":1628641219025,"gmtModify":1663232201553,"authorId":3581557493426416,"author":{"id":3581557493426416,"idStr":"3581557493426416","authorId":3581557493426416,"name":"JackTL","avatar":"https://static.tigerbbs.com/851801800e7dc3457e5e60048a987880","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892390381,"type":1,"supId":0,"prevId":0,"content":"can hold","text":"can hold","html":"can hold"}],"langContent":"EN"},{"id":892307049,"gmtCreate":1628637852681,"gmtModify":1676529802051,"author":{"id":"4088035849823630","authorId":"4088035849823630","name":"丰人","avatar":"https://static.tigerbbs.com/35bfaa2970044533bc9763d63a71e1dd","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4088035849823630","authorIdStr":"4088035849823630"},"htmlText":"Good.","listText":"Good.","text":"Good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892307049","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":892303688,"gmtCreate":1628637621244,"gmtModify":1676529801901,"author":{"id":"3581724772671504","authorId":"3581724772671504","name":"Uasbau","avatar":"https://static.tigerbbs.com/67cdf409f2239595269918513a5faac9","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581724772671504","authorIdStr":"3581724772671504"},"htmlText":"Good infos","listText":"Good infos","text":"Good infos","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892303688","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5488093,"gmtCreate":1628639173139,"gmtModify":1663232198938,"authorId":3586686286785362,"author":{"id":3586686286785362,"idStr":"3586686286785362","authorId":3586686286785362,"name":"Tenten","avatar":"https://static.tigerbbs.com/6aaa492013925eb5bfe2cb43461ebfe4","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892303688,"type":1,"supId":0,"prevId":0,"content":"Yeah~","text":"Yeah~","html":"Yeah~"}],"langContent":"EN"},{"id":892957565,"gmtCreate":1628636763757,"gmtModify":1676529801352,"author":{"id":"3578903100181699","authorId":"3578903100181699","name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3578903100181699","authorIdStr":"3578903100181699"},"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892957565","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":892955359,"gmtCreate":1628636635871,"gmtModify":1676529801307,"author":{"id":"3584860762907200","authorId":"3584860762907200","name":"littlekitten","avatar":"https://static.tigerbbs.com/ccd59ff6c96999c839e3b5709cfb00ef","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3584860762907200","authorIdStr":"3584860762907200"},"htmlText":"Cool!","listText":"Cool!","text":"Cool!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892955359","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5487450,"gmtCreate":1628636777426,"gmtModify":1663232196647,"authorId":3578903100181699,"author":{"id":3578903100181699,"idStr":"3578903100181699","authorId":3578903100181699,"name":"Lamborghini1","avatar":"https://static.tigerbbs.com/f8b24a649554234324e1e33be42fc25f","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892955359,"type":1,"supId":0,"prevId":0,"content":"yeah","text":"yeah","html":"yeah"}],"langContent":"EN"},{"id":892952417,"gmtCreate":1628636613839,"gmtModify":1676529801293,"author":{"id":"3575873871496945","authorId":"3575873871496945","name":"Aloynty","avatar":"https://community-static.tradeup.com/news/8bc156c78f1b8fc5d20a5b2da3a5b6aa","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3575873871496945","authorIdStr":"3575873871496945"},"htmlText":"One to watch","listText":"One to watch","text":"One to watch","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892952417","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":892951522,"gmtCreate":1628636422666,"gmtModify":1676529801231,"author":{"id":"3586131488444401","authorId":"3586131488444401","name":"STKG","avatar":"https://static.tigerbbs.com/730c2482b43ac1909a601868b378a6e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586131488444401","authorIdStr":"3586131488444401"},"htmlText":"Shd be good.","listText":"Shd be good.","text":"Shd be good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892951522","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":892953293,"gmtCreate":1628636306912,"gmtModify":1676529801208,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"Like n comment.","listText":"Like n comment.","text":"Like n comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/892953293","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5488689,"gmtCreate":1628641349923,"gmtModify":1663232201049,"authorId":3582350348015234,"author":{"id":3582350348015234,"idStr":"3582350348015234","authorId":3582350348015234,"name":"Ag1718","avatar":"https://community-static.tradeup.com/news/7b99db6dd9dd4eaa84bd8baf04aad0b9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3576260758860416,"repliedAuthor":{"id":3576260758860416,"idStr":"3576260758860416","authorId":3576260758860416,"name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"objectId":892953293,"type":1,"supId":5487399,"prevId":5487721,"content":"Thanks","text":"Thanks","html":"Thanks"},{"id":5487721,"gmtCreate":1628637757520,"gmtModify":1663232196733,"authorId":3576260758860416,"author":{"id":3576260758860416,"idStr":"3576260758860416","authorId":3576260758860416,"name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892953293,"type":1,"supId":5487399,"prevId":0,"content":"tks","text":"tks","html":"tks"},{"id":5487399,"gmtCreate":1628636557090,"gmtModify":1663232194328,"authorId":3582350348015234,"author":{"id":3582350348015234,"idStr":"3582350348015234","authorId":3582350348015234,"name":"Ag1718","avatar":"https://community-static.tradeup.com/news/7b99db6dd9dd4eaa84bd8baf04aad0b9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892953293,"type":1,"supId":0,"prevId":0,"content":"Like . reply back","text":"Like . reply back","html":"Like . reply back"}],"langContent":"EN"},{"id":892926678,"gmtCreate":1628635765694,"gmtModify":1676529800958,"author":{"id":"3586302526441005","authorId":"3586302526441005","name":"AJR","avatar":"https://static.tigerbbs.com/b94c34bb4b096724768a39341827b57a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586302526441005","authorIdStr":"3586302526441005"},"htmlText":"Let's go crypto&nbsp;","listText":"Let's go crypto&nbsp;","text":"Let's go crypto","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892926678","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5487371,"gmtCreate":1628636400177,"gmtModify":1663232194136,"authorId":3575873871496945,"author":{"id":3575873871496945,"idStr":"3575873871496945","authorId":3575873871496945,"name":"Aloynty","avatar":"https://community-static.tradeup.com/news/8bc156c78f1b8fc5d20a5b2da3a5b6aa","vip":1,"crmLevel":7,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892926678,"type":1,"supId":0,"prevId":0,"content":"Muted by btc, but lets see","text":"Muted by btc, but lets see","html":"Muted by btc, but lets see"}],"langContent":"EN"},{"id":892965185,"gmtCreate":1628635001747,"gmtModify":1676529800772,"author":{"id":"3582963095283492","authorId":"3582963095283492","name":"replaygoh","avatar":"https://static.tigerbbs.com/d47b21291424a3d55039334a8de5cdb9","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582963095283492","authorIdStr":"3582963095283492"},"htmlText":"haha","listText":"haha","text":"haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892965185","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":892966351,"gmtCreate":1628634875973,"gmtModify":1676529800726,"author":{"id":"3579053062900901","authorId":"3579053062900901","name":"Kelvinphan","avatar":"https://static.tigerbbs.com/dd87884547b7d5f0157a229e9ea4e890","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579053062900901","authorIdStr":"3579053062900901"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892966351","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5487211,"gmtCreate":1628635262752,"gmtModify":1663232194936,"authorId":3581595210484952,"author":{"id":3581595210484952,"idStr":"3581595210484952","authorId":3581595210484952,"name":"DL97","avatar":"https://static.tigerbbs.com/c5df17e476ae735a64e7017b160d3935","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892966351,"type":1,"supId":0,"prevId":0,"content":"Likezzz","text":"Likezzz","html":"Likezzz"}],"langContent":"EN"},{"id":892961780,"gmtCreate":1628634807540,"gmtModify":1676529800688,"author":{"id":"3581550492242446","authorId":"3581550492242446","name":"vSup_puSv","avatar":"https://static.tigerbbs.com/a1150421a148787160d999c5a94bed8e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581550492242446","authorIdStr":"3581550492242446"},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892961780","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5487154,"gmtCreate":1628634883512,"gmtModify":1631894181672,"authorId":3579053062900901,"author":{"id":3579053062900901,"idStr":"3579053062900901","authorId":3579053062900901,"name":"Kelvinphan","avatar":"https://static.tigerbbs.com/dd87884547b7d5f0157a229e9ea4e890","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892961780,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":892963598,"gmtCreate":1628634716714,"gmtModify":1676529800672,"author":{"id":"3570321847771869","authorId":"3570321847771869","name":"老鼠林","avatar":"https://static.tigerbbs.com/fad7ed311b00b26bb7fef488f5212d02","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3570321847771869","authorIdStr":"3570321847771869"},"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892963598","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":892933689,"gmtCreate":1628631541841,"gmtModify":1676529799905,"author":{"id":"3572289568077742","authorId":"3572289568077742","name":"ARG","avatar":"https://static.tigerbbs.com/db41c0073f4a2c401b9a536c03569a91","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3572289568077742","authorIdStr":"3572289568077742"},"htmlText":"Like and comment.","listText":"Like and comment.","text":"Like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892933689","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5487008,"gmtCreate":1628633874545,"gmtModify":1663232194751,"authorId":3575890735190983,"author":{"id":3575890735190983,"idStr":"3575890735190983","authorId":3575890735190983,"name":"DanVI","avatar":"https://static.tigerbbs.com/478c2cb5a178cff7532f6fa9a68068b7","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892933689,"type":1,"supId":0,"prevId":0,"content":"Done","text":"Done","html":"Done"}],"langContent":"EN"},{"id":892998580,"gmtCreate":1628630333140,"gmtModify":1676529799752,"author":{"id":"3576578158811365","authorId":"3576578158811365","name":"LST3","avatar":"https://static.tigerbbs.com/5ebefe56c7d81742050e1a8d5a94ef9a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3576578158811365","authorIdStr":"3576578158811365"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892998580","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":892047534,"gmtCreate":1628618772928,"gmtModify":1676529799154,"author":{"id":"3574167470846346","authorId":"3574167470846346","name":"cozyli","avatar":"https://static.tigerbbs.com/509ef7c09d0624801748249c5a3e0117","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574167470846346","authorIdStr":"3574167470846346"},"htmlText":"Pls like thanks","listText":"Pls like thanks","text":"Pls like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/892047534","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5491532,"gmtCreate":1628656341928,"gmtModify":1663232214150,"authorId":3574167470846346,"author":{"id":3574167470846346,"idStr":"3574167470846346","authorId":3574167470846346,"name":"cozyli","avatar":"https://static.tigerbbs.com/509ef7c09d0624801748249c5a3e0117","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892047534,"type":1,"supId":5487362,"prevId":0,"content":"done thanks","text":"done thanks","html":"done thanks"},{"id":5487362,"gmtCreate":1628636331919,"gmtModify":1663232193866,"authorId":3576260758860416,"author":{"id":3576260758860416,"idStr":"3576260758860416","authorId":3576260758860416,"name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":892047534,"type":1,"supId":0,"prevId":0,"content":"done. like back.ok","text":"done. like back.ok","html":"done. like back.ok"}],"langContent":"EN"},{"id":892045363,"gmtCreate":1628617695552,"gmtModify":1676529799087,"author":{"id":"4090156416829480","authorId":"4090156416829480","name":"yattreblif","avatar":"https://static.tigerbbs.com/0c09ba70f4dad4731020c2b9c484a4da","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"4090156416829480","authorIdStr":"4090156416829480"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892045363","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":892059349,"gmtCreate":1628614367381,"gmtModify":1676529798660,"author":{"id":"3579840343067603","authorId":"3579840343067603","name":"GlitterD","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3579840343067603","authorIdStr":"3579840343067603"},"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892059349","repostId":1124291594,"repostType":4,"repost":{"id":"1124291594","kind":"news","pubTimestamp":1628604893,"share":"https://ttm.financial/m/news/1124291594?lang=&edition=fundamental","pubTime":"2021-08-10 22:14","market":"us","language":"en","title":"Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1124291594","media":"finance.yahoo","summary":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offeri","content":"<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.</p>\n<p>Here are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:</p>\n<ul>\n <li><p><b>Revenue:</b>$1.85 billion expected</p></li>\n <li><p><b>Adjusted earnings per share:</b>$2.48 expected</p></li>\n</ul>\n<p>Coinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.</p>\n<p>Bitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.</p>\n<p>The drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.</p>\n<p>Weakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.</p>\n<p>Given these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.</p>\n<p>Going forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.</p>\n<p>And elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.</p>\n<p>The new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.</p>\n<p>\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"</p>\n<p>\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Q2 earnings preview: Trading volumes in focus after bitcoin's slide from highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-10 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-earnings-q2-2021-140559345.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124291594","content_text":"Coinbase Global (COIN) is set to report second-quarter results after market close on Tuesday, offering a look at the performance of the largest cryptocurrency exchange in the U.S. following a volatile stretch of trading for digital currencies.\nHere are the main results Coinbase is expected to report, compared to consensus data compiled by Bloomberg:\n\nRevenue:$1.85 billion expected\nAdjusted earnings per share:$2.48 expected\n\nCoinbase shares have traded choppily since the stock's direct listing in April, and have largely languishedbelow their opening price of $381 apiece amid a broader drop in cryptocurrency prices.\nBitcoin prices (BTC-USD) hit an all-time high of more than $64,000 around the time of Coinbase's public debut, but have since slid to a year-to-date low of less than $30,000 as of mid-July. Bitcoin, the largest cryptocurrency by market capitalization, was trading around $46,000 as of Tuesday morning.\nThe drop in the prices of bitcoin and other major tokens like ethereum (ETH-USD) coincided with a regulatory crackdown against cryptocurrencies and mining in China, as well as increasing concern over digital currencies' mainstream adoption. Tesla CEO Elon Musk said in May the electric carmaker would no longer accept bitcoin as payment for vehicles. However, Tesla (TSLA), along with a number of other companies including Square (SQ) and PayPal (PYPL), still hold bitcoin on their balance sheets.\nWeakening cryptocurrency-related results in these other companies' businesses during the second quarter presaged a potential slowdown for Coinbase. Bitcoin comprised $2.7 billion of overall revenues for Square in the second quarter, down from $3.5 billion in the first quarter of 2021. And Tesla, for its part, booked an impairment of $23 million related to bitcoin in its second quarter, after posting a positive impact of $101 million from selling some of its bitcoin holdings in the first quarter of the year.\nGiven these trends in other companies with exposure to cryptocurrencies, quarterly trading volumes for Coinbase are set to be closely watched. In the first quarter, Coinbase said bitcoin and ethereum comprised 39% and 21% of its overall trading volumes, respectively — leaving the company vulnerable to a drop in trading fee-related revenues if these volumes declined significantly alongside the drop in prices. Still, Wall Street expects to see Coinbase's trading volumes increase sequentially to $377.4 billion for the second quarter, compared to $335 billion during the first quarter.\nGoing forward, regulatory risks also remain a concern for Coinbase and other crypto platforms that rely heavily on trading-related fees. Last week, Securities and Exchange Commission Chair Gary Genslerlikened the crypto trading environment to \"the Wild West,\"and suggested a number of trading platforms were offering illicit, unregistered securities. And on Monday,the Wall Street Journal reported that former SEC director Brett Redfearnhad resigned from serving as head of Coinbase's capital markets group after just four months, reportedly due to a strategic shift at the crypto platform.\nAnd elsewhere in the U.S. regulatory landscape, legislative risks also remain. On Monday, a proposal by a bipartisan group of senators that would limit the scope of oversight in the cryptocurrency industry ultimately failed.\nThe new proposal, which would have been an update to a provision in the Biden administration's $550 billion infrastructure bill, would clarify the rules over who was considered a broker of cryptocurrencies and who would need to report transactions to the Internal Revenue Service, making sure not to include other players in the crypto space like software developers or those that validate transactions into the new reporting requirements. The language for this provision in the bill now excludes these clarifications, drawing the ire of those in the cryptocurrency and adjacent industries,including from Square CEO Jack Dorsey.\n\"Regulation is probably more of a short-term speed bump,\" Hugo McDonaugh, co-founder of Cryptograph, told Yahoo Finance on Monday. \"Long-term, regulation for the space is sensible.\"\n\"I do think that they should spend a lot of time thinking about how to apply frameworks to this industry and not just try to hit a one size fits all into it and put something last minute into a must-pass bill and try to increase some oversight or regulatory system in that way,\" he added.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":240,"commentSize":44,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}