BitGo posts wider Q1 loss despite revenue more than doubling
BitGo’s headline revenue figure doubled year-over-year to $3.8 billion, but a Bitcoin price decline and IPO-related costs pushed net losses to $60.7 million in the first quarter.
BitGo’s headline revenue figure doubled year-over-year to $3.8 billion, but a Bitcoin price decline and IPO-related costs pushed net losses to $60.7 million in the first quarter.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy93aGl0ZS1ob3VzZS5qcGc=.jpg" alt="Trump’s White House weighs 250 pardons to celebrate America's 250th birthday " class="type:primaryImage"></p><p>One of the developers behind the crypto-mixing protocol Samourai Wallet has publicly expressed hopes for a pardon, along with FTX founder Sam Bankman-Fried.</p>
A New York judge has ordered supplemental briefings because Aave did not adequately outline how compounding losses could occur if the restraining notice remains in place.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy90cmFkaW5nLXdoaXRlLWRvd24tMS5qcGc=.jpg" alt="Bitcoin firm Nakamoto records net loss in Q1 despite sixfold revenue growth" class="type:primaryImage"></p><p>Nakamoto CEO David Bailey said the company is focused on scaling its Bitcoin treasury, services and trading strategies for the remainder of 2026.</p>
Bitcoin’s rally may reverse as its price has hit a historic resistance level and traders appear to already be taking profits, said CryptoQuant in a note on Wednesday.
Traditional financial institutions are actively preparing for a surge in adoption to avoid being caught flat-footed by a sudden shift in market demand, according to Moody’s.
The crypto investor had Claude search through two Macs, two external hard drives, an Apple Notes export, iCloud Mail, Gmail inbox and X messages to help retrieve the Bitcoin.
US adults are largely wary of crypto and consider it the least important policy issue when picking who to vote for, according to a poll by Politico.
The Trump administration and Congress can act now to bring down energy costs and make Americans’ lives more affordable.
Amazon will combine its Rufus AI shopping assistant with its Alexa+ platform, just two weeks after CEO Andy Jassy sang Rufus’s praises.
Armstrong said the bill is "closer than ever" to advancing in the US Congress after months of negotiations between the crypto industry and banks.
Cisco’s stock soars into record territory, after the networking giant announced plans to invest more in AI and upbeat earnings report.
The inference-chip maker could be valued at 100 times its revenue when it goes public on Thursday.
“His Social Security benefit would be $1,600 per month, since he stayed home with the kids while I worked.”
Global oil prices have climbed by nearly 50% since the the end of February, but the rise pales in comparison to an estimated loss of nearly 1 billion barrels since the start of the Iran war 75 days ago.
Bond markets won’t wait for the central bank to combat inflation.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9oaS1jb3Zlci1pbWFnZXJldmlldy1vZi1tYXJnZXguanBn.jpg" alt="Whale shorts $70M in crypto and tech: Should Bitcoin traders worry?" class="type:primaryImage"></p><p>Despite short-term bearish bets from a successful Hyperliquid whale, a growing US Fed balance sheet and rising inflation support Bitcoin in the long term.</p>
Prediction markets trading volume had been tracking monthly gains as the sector gains popularity among short-term traders, but competition is also increasing.
Bitcoin traders eye a possible move higher as short-term selling pressure fades and the CLARITY Act vote boosts crypto market focus.
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy1pbWFnZXMuY3RtZWRpYS5pby9tZWRpYS9hcnRpY2xlLWNvdmVycy9hbmFseXNpcy1hbmFseXRpY3MtZ2VvbG9naXN0LW11c2V1bS5qcGc=.jpg" alt="Price predictions 5/13: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, ZEC, BCH" class="type:primaryImage"></p><p>Bitcoin’s pullback is expected to find support near $79,000, but every recovery attempt is likely to be sold into.</p>