Cointime

Cointime

Download App
iOS & Android
Home / JUST IN

Crypto Trading Played Role in Amazon Web Services Slowing Growth in Q4

  • Wechat scan to share

Amazon beat analyst expectations on Thursday when it announced its fourth-quarter results for 2022, reporting a 9% increase in revenue growth.

The tech giant reported $149.2 billion in net sales, compared with an expected $145.42 billion, according to Yahoo Finance analyst estimates.

Despite the top-level win, some of Amazon's business lines experienced slowdowns, including sales for Amazon Web Services (AWS) and Amazon's online stores. Changes in crypto trading activity were partly to blame for AWS's slowdown in the fourth quarter, said Brian Olsavsky, Amazon's chief financial officer, on an earnings call.

(By Kari McMahon)

Amazon
Comments

All Comments

Recommended for you

  • Kevin Helms ·

    Coinbase Launching US Regulated 24/7 Bitcoin Futures

    Coinbase is preparing to launch U.S.-regulated, 24/7 bitcoin and ethereum futures, aiming to modernize trading access and introduce perpetual-style contracts amid rising demand.
    Coinbase Launching US Regulated 24/7 Bitcoin Futures
  • The Block ·

    Clanker team earns $13 million in revenue from over 200,000 tokens on Base in just five months

    Clanker has generated nearly $27 million in all-time fees, which has resulted in over $13 million in revenue for its team.
    Clanker team earns $13 million in revenue from over 200,000 tokens on Base in just five months
  • Terence Zimwara ·

    The Dark Side of Tariffs: Dalio Predicts Global Stagflation and Economic Upheaval

    Ray Dalio warns that Donald Trump’s tariff policies could lead to global stagflation and significantly alter U.S.- China trade relations.
    The Dark Side of Tariffs: Dalio Predicts Global Stagflation and Economic Upheaval
  • Jesse Coghlan ·

    Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

    Bills to create Bitcoin reserves have been introduced in 26 states, with Arizona currently the closest to passing a law.
    Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

  • Bybit Receives In-Principle Approval to Establish Virtual Asset Platform in the United Arab Emirates

    Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced that it has received In-Principle Approval (IPA) from the Securities & Commodities Authority (SCA) of the United Arab Emirates (UAE) to operate as a Virtual Asset Platform Operator in the UAE. The approval, dated February 18, 2025, signifies a significant milestone in Bybit's efforts to provide a secure and compliant platform for crypto traders in the region. Bybit is now in the final stages of obtaining its fully operational license, demonstrating its commitment to meeting regulatory and compliance standards. This authorization brings Bybit closer to offering a wide range of digital asset services to retail and institutional clients in the UAE, aligning with its goal of fostering a compliant and innovative digital asset ecosystem. Bybit's progress in the UAE complements its existing regulatory approvals in the Middle East and reflects its dedication to compliance in key financial hubs worldwide.

  • Trump: Plans to impose 25% tariffs on Canadian and Mexican goods starting February 1

    On January 30th local time, US President Trump stated that he plans to fulfill his promise of imposing a 25% tariff on imported goods from Mexico and Canada on February 1st, and will decide whether to include oil in the list of goods subject to tariffs on the evening of January 30th. On January 20th, when signing a series of executive orders in the Oval Office of the White House, Trump told the media that he is considering imposing a 25% tariff on Mexico and Canada, and the tax may be implemented from February 1st this year. (CCTV News)

  • Arresters of South Korean President Yoon Seok-yeol clash with guards

    after attempting to arrest President Yoon Suk-yeol, Korean senior government officials from the Crime Investigation Department (CID) had a confrontation and physical conflict with security personnel inside the presidential residence today (January 3). The arresting officers have already passed through the main gate of the residence, but have not yet entered the building where Yoon Suk-yeol is located. 

  • Cointime August 11st News Express

    1.Fed Governor Bowman: Be cautious about rate cuts

  • Cointime August 4 News Express

    1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

  • Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

    According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company
Cointime

Hot Coins

TerraClassicUSD USTC
$0.01171
- 0.48%
$65550481.59
Terra Classic LUNC
$0.00005805
- 0.55%
$316104115.99
Axie Infinity AXS
$2.72
+ 1.36%
$435852827.77

Daily Must-Read

01
Stablecoin rules needed in US before crypto tax reform, experts say
02
Rethinking Ownership, Stablecoins, and Tokenization from First Principles
03
Crypto Giants Seek Congressional Clarity on US Money Transmitter Rules
04
Massive Bitcoin whale buys $200M in BTC, another wakes up after 8 years
05
Ripple will drop cross-appeal in SEC case, get refund from lower court ruling
06
TRUMP Token Pops 12% After U.S. President Calls it 'The Greatest of Them All'