Good morning! We have listed the latest news for you. Start the day with a bitcoin breakfast.
Coinbase has reported impressive financial results for the first quarter of 2024, exceeding expectations and demonstrating its strong market position as a global leader.
The company reported revenue of $1.6 billion, up 72% from the previous quarter. Net income was $1.18 billion, or $4.40 per share, exceeding analyst expectations.
The recent declines in the bitcoin price resemble the declines we saw during the launch of the US Spot Bitcoin ETFs in January. According to some analysts, this could mean that we see a new rebound for bitcoin as early as next week.
Bitcoin price drops after ETF launch in Hong Kong
Notably, bitcoin fell this week after the Spot Bitcoin ETFs were launched in Hong Kong. Funny enough, those ETFs saw an inflow of $217 million. Despite this, they were unable to lift the bitcoin price and the digital currency fell by 7 percent since its launch.
zkSNACKs is discontinuing its CoinJoin coordinator. This decision will take effect from June 1, 2024. zkSNACKS is the developer of the Wasabi Wallet, a bitcoin wallet that allows you to regain extra privacy over your coins.
Privacywallet is taking a step back
After competitor Samourai Wallet was violently ended (in which the two developers were arrested and software services and a website were taken down), everything at Wasabi Wallet is now also on edge.
zkSNACKs pioneered privacy for bitcoin transactions. By discontinuing the coordinator, a tool that collected all inputs from CoinJoins, the developer hopes to avoid difficult waters. American rules are too dangerous for the people behind this service.
Source: https://bitcoinmagazine.nl/nieuws/coinbase-maakt-meer-dan-1-miljard-in-een-kwartaal
