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Cryptocurrency trading platform Coinbase announces larger than expected loss – BBC News
One of the world’s largest cryptocurrency trading platforms Coinbase has reported a larger than expected quarterly loss, as investors worried by the fall in the value of riskier assets move away from trading in cryptocurrencies.
Coinbase says it expects trading volumes to fall further in the current quarter.
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#Bitcoin #Cryptocurrency #BBCNews
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This week tens of thousands of young people have taken to the streets of Delhi, India’s capital, demanding changes to the electoral system and the resignation of the country’s electoral commissioner. Thousands have been detained by police in the process.
They represent the ‘cockroach’ movement, a grassroots campaign group started by a Boston University graduate in protest at government policies and high youth unemployment. How did a movement that started as a meme capture the minds of India’s young people, and start to pose a challenge to its long-serving prime minister, Narendra Modi?
The BBC’s South Asia correspondent, Azadeh Moshiri, explains.
Timecodes:
0:00 Could the Cockroach movement reshape India?
0:51 Introduction to Azadeh Moshiri
1:28 What has been going on in India and how is the CJP involved?
3:05 The Cockroach Janta Party’s October demonstration in Delhi
7:34 How many people have been detained?
8:02 Who are the Cockroach Janta Party and their leader Abhijeet Dipke?
10:18 Indian exam leaks and their relevance
14:28 What caused the lull in protesting since summer?
17:01 Why is the CJP so popular?
19:21 Has Narendra Modi lost his political magic?
20:06 What is the justification for Modi’s BJP party to detain so many people?
23:04 Has Modi lost touch with the youth?Subscribe to our channel here: https://bbc.in/bbcnews
For the latest news download the BBC News app or visit BBC.com/news
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Today, President Trump blocked sanctions on Russia a month after he signed them into law. This comes after he said he ‘wasn’t a big fan’ of Volodymyr Zelensky. Meanwhile, the Ukrainian president at a summit in Brussels said the Europeans were ‘real leaders’.
Laura is joined by BBC world affairs editor John Simpson to discuss why the US president is becoming more friendly with Russian President Vladimir Putin.
Plus, John marks 60 years at the BBC by sharing his most memorable moments from his career reporting around the world.
Subscribe to our channel here: https://bbc.in/bbcnews
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Extraordinary access reveals how powerful synthetic drugs are reshaping America’s drug crisis. From a jail in Chicago to the …
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@topg2023
January 23, 2024 at 2:06 am
Crypto currency system will be upside in the next 2 years,the value of the coin also be increases, because the technology is growing day by day. This is my opinion
@auldpinprick4019
January 23, 2024 at 2:06 am
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@adilgill7812
January 23, 2024 at 2:06 am
Its normal to see so many investors panic during a worsening bearish market like this because of their dwindling fortunes but it is also important to note that this market situation is nothing new in the crypto world. Several factors are driving negative sentiments in the stock and crypto market including inflation, recession fears and rising interest rates. Bitcoin has dropped significantly from all time high because of these factors. And another thing to note is that the selling fatigue will wane out and eventually the market will reset. As a crypto investor, this current situation might seem bleak. However, there are several tried and tested expert-suggested investment strategies that can help you accumulate the current crypto storm. In few weeks of implementing trading with accurate signals directly from Mr Gordons, I have been able to accumulate over 2.9 BTC despite the current state of the market.
Creating another source of income in these trying times is important
@PaulLeed
January 23, 2024 at 2:06 am
Nice one👍💯.. But even while gaining money in this market sounds promising, it terrifies me. I began a year ago, but it has been difficult. I know I'll get better with practice, but it's frustrating.
@jayguzman3111
January 23, 2024 at 2:06 am
They are going to keep on losing if they don't become more reliable and transparent!! They're looking like a huge scam right now.
@troyortiz5397
January 23, 2024 at 2:06 am
If they keep on supporting that risky stablecoin USDC, they are going to keep on losing money
@martinrichardson6742
January 23, 2024 at 2:06 am
Isn't Coinbase already under investigation by the SEC? From where I am, it appears to be a slippery slope. If the SEC discovers that Coinbase is issuing and selling an unaudited and artificially inflated stablecoin like USDC and other shitcoins, the company will very certainly be forced to close.
@rogernelson9492
January 23, 2024 at 2:06 am
I don't know why but they had such a huge loss this quarter, billions in fact, when they were overly confident that they were growing as a company and that they were better than other platforms. Other than that, they have a partnership with Blackrock which was also huge. I think its Armstrong's mistakes that led them here. He had a company in the past in which he had driven to bankruptcy too.
@lorenakato5640
January 23, 2024 at 2:06 am
These billions in losses may be the reason why Coinbase halted the withdrawals for some coins and staked ETH recently. Though the question is, where did Blackrock's investment go?
@rebeccaeadie4139
January 23, 2024 at 2:06 am
It looks like they are going to fail anytime soon. Time to use alternatives to Coinbase. The moment I knew that USDC was completely unaudited, I switched exchanges right away!
@christophertaylor5983
January 23, 2024 at 2:06 am
Coinbase was intimately involved in Mashinsky's theft of funds from his company. And they didn't even report it. Even misrepresented that Circle or Coinbase had no knowledge of what happened to Celsius when they knew Mashinsky was stealing money through Coinbase. They should be investigated! And I wouldn't put my trust in a platform that fosters such criminal activity.
@stevens1616
January 23, 2024 at 2:06 am
It is the beginning of their demise. They are unable to conduct transactions because of liquidity issues on their platform. Coinbase, in my opinion, is a massive Ponzi scheme.
@samuelclark7959
January 23, 2024 at 2:06 am
From what I know, they spent millions on marketing solely to get people to use Coinbase. And in this bear market, they have spent so much that they can no longer afford any of the previous incentives, such as the high interest rates. Coinbase is losing money right now. I wouldn't be surprised if they went bankrupt.
@andrewross4958
January 23, 2024 at 2:06 am
Coinbase keeps blocking people's accounts and funds for no apparent reason. Coinbase embodies everything that is wrong with centralization and control.
@pattieimabbott9649
January 23, 2024 at 2:06 am
Coinbase recommended lower platform transaction fees when it is evident that they cannot afford it. Not with their current liquidity troubles and quantity of lawsuits. They're going down soon if you ask me.
@ernestconner7122
January 23, 2024 at 2:06 am
I don't believe Coinbase is a decent platform to use right now. Especially with the number of lawsuits they have piling up that are against them.
@brettferguson3815
January 23, 2024 at 2:06 am
Coinbase is gradually becoming such a huge failure because of Armstrong's wrong decisions. Sooner or later they'll become bankrupt.
@SATOSHINAKAMOTO-gu9jk
January 23, 2024 at 2:06 am
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@chris290499
January 23, 2024 at 2:06 am
bbc clowns
@nikitaknight2029
January 23, 2024 at 2:06 am
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@philipsduke40
January 23, 2024 at 2:06 am
Building a good investment portfolio is more complex so I would recommend you seek professional support, This way you can get strategies designed to address your unique long-term goals and financial dreams.
@valentinmatei7827
January 23, 2024 at 2:06 am
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@marciafernanda2113
January 23, 2024 at 2:06 am
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@stellaalien2105
January 23, 2024 at 2:06 am
Excellent video, i'm adding a bunch of stock to my current holdings for the long run, do you think these stocks are long term worthy, i've set aside $250k to begin and i'd love to avoid as many mistakes as i can
@rebeccaeadie4139
January 23, 2024 at 2:06 am
It looks like they are going to fail anytime soon. Time to use alternatives to Coinbase. The moment I knew that USDC was completely unaudited, I switched exchanges right away!
@christophertaylor5983
January 23, 2024 at 2:06 am
The US government should investigate Coinbase together with all the other companies it has. They should also investigate USDC if its really backed by the US Dollar or not.
@stevens1616
January 23, 2024 at 2:06 am
No one should trust Coinbase anymore. With the billions of loss they have this quarter, I don't really think they are going to last long in this market.
@JasonBk
January 23, 2024 at 2:06 am
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