Tag: Pins

Pinterest Reports 6% Revenue Growth in Q2 2023, PINS Shares Gain Over 3%

For Q2 2023 which ended on June 30, Pinterest reported revenue of $708 million and global monthly active users of about 465 million. Pinterest Inc (NYSE: PINS) shares closed Tuesday trading at $26.21, up 3.19 percent from the day’s opening price. The sudden gains in the photo-sharing social media platform Pinterest were attributed to Q2 2023 financial results that depicted an accelerated revenue growth forecast. Notably, Pinterest reported a revenue of about $708 million during the second quarter compared to $665 million recorded in the same time last year, hence…

FDIC pins Signature Bank’s failure on poor governance and illiquidity

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The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor management and inadequate risk management practices as the root cause for its collapse. Signature Bank was shut down by federal regulators on March 12 in a bid to protect the U.S. economy and strengthen public confidence in the banking system. FDIC was appointed to handle the insurance process. @federalreserve @USTreasury @FDICgov issue statement on actions to protect the U.S. economy by strengthening public confidence in our banking system, ensuring depositors’ savings…

Crypto pumps after Fed rate hike, Zuck pins hopes on Metaverse making hundreds of billions, and Tesla posts $64M BTC gain: Hodler’s Digest, July 24-30

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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week   ‘Bullish rate hike’ — Why crypto spiked in the face of bad news Despite the U.S. Federal Reserve announcing a 75-basis-point interest rate hike on Wednesday, the crypto markets pumped significantly on the same day with the momentum continuing through the week. Quantum Economics…

theBlock Research Pins Stacks as a Key Player in the BTC Network

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Bitcoin is widely considered to be the world’s leading cryptocurrency. However, builders can use this technology to develop powerful applications, protocols, products, and services. Several ecosystems emerged on top of Bitcoin over the years, and Stacks continues to note tremendous growth. The Ongoing Evolution of Stacks Many people may recall Stacks under its former name of Blockstacks. It is a smart contract layer for Bitcoin tethered to the Bitcoin blockchain through a cross-chain consensus mechanism. The hash of the Stacks state is embedded into every Bitcoin network block. More importantly,…

Bitcoin starts 2022 at $47.2K as fresh research pins performance on China trader exodus

Bitcoin (BTC) bears lost out at the last minute as 2021 came to an end — and consensus is building around China again being the reason for weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView China “last hammer” could now provide optimism on BTC Hours before the yearly close, BTC/USD dived $2,000 to lows of $45,630 on Bitstamp before a modest recovery drew a line under 2021 at $47,200, data from Cointelegraph Markets Pro and TradingView shows. While something of an anticlimax and far below many popular projections, the lack of…

Ripple pins hopes on Biden administration as co-founder sells 28.6M XRP

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After ending 2020 facing a lawsuit from the U.S. Securities and Exchange Commission under Donald Trump’s administration, Ripple’s leadership is looking to the new year and a new U.S. President to bring a change in regulations more favorable to the firm. According to a post on the Ripple website featuring comments from key executives, the firm is predicting the incoming Biden administration will most likely “bring a renewed focus on regulation and enforcement” in the crypto space. “As we’ve seen, a lack of a clear regulatory framework over the last…

China’s Latest Blockchain Rankings Pins EOS on Top, Bitcoin at #10

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China has released its blockchain rankings for August, rating public blockchain networks like Bitcoin and Ethereum based on their application and technology. The rankings, created by China Electronic Information Industry Development Research Institute and the China Software Testing Center, featured the contributions of professors and researchers at the country’s most prestigious educational institutions including Tsinghua and Beijing University. EOS #1 as Expected Previous rankings ranked EOS above both Ethereum and Bitcoin as the best blockchain network in the global cryptocurrency sector. The newly created rankings by CCID and CSTC, two…

China’s Latest Blockchain Rankings Pins EOS on Top, Bitcoin at #10

boss

China has released its blockchain rankings for August, rating public blockchain networks like Bitcoin and Ethereum based on their application and technology. The rankings, created by China Electronic Information Industry Development Research Institute and the China Software Testing Center, featured the contributions of professors and researchers at the country’s most prestigious educational institutions including Tsinghua and Beijing University. EOS #1 as Expected Previous rankings ranked EOS above both Ethereum and Bitcoin as the best blockchain network in the global cryptocurrency sector. The newly created rankings by CCID and CSTC, two…