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Search Results for: Coinbase

Coinbase Contributes $3.6M to Boost Bitcoin Developer Funding via Brink

Coinbase is contributing $3.6 million to Bitcoin supporting non-profit Brink as it closes GiveCrypto, an organization that distributed cryptocurrency to those in need. The campaign was announced to be ending in December by the exchange, who said it had failed to have a lasting effect. Coinbase did not disclose how

February 18, 2024 2 mins read

JPMorgan Upgrades Coinbase Rating from Underweight to Neutral

From “underweight,” JPMorgan’s rating for crypto exchange Coinbase was raised to “neutral” in a surprising move. The announcement of the full-year results is imminent, and the rating arrives at a critical juncture. The stock was raised from underweight to neutral by JPMorgan, which improved Coinbase’s rating. The investment bank has

February 15, 2024 1 min read

Coinbase’s New Ad Pushes Crypto Adoption on National Lost Penny Day

According to a new advertising campaign from cryptocurrency exchange Coinbase, the conversion of the US dollar to a “well-designed blockchain” has the potential to repurpose billions of “clunky” pennies in circulation. The initiative was launched on February 12 in celebration of National Lost Penny Day, an annual event that has

February 13, 2024 1 min read

Coinbase Strengthens Advisory Board With Addition of Ex-UK Chancellor

Coinbase announced that former UK Chancellor George Osborne would join its board of advisors. Disputes with the U.S SEC and litigation against the cryptocurrency exchange have likely prompted the move. The action by Coinbase further shows that the company is attempting to sidestep U.S regulations as it expands into other

January 31, 2024 1 min read

Oppenheimer Upgrades Coinbase (COIN) Stock to ‘Outperform’

Following investment bank Oppenheimer’s decision to upgrade Coinbase’s stock rating from “perform” to “outperform” and set a price target of $160 per share, citing the company’s strength and the toughness of its management team, Coinbase’s (COIN) share price increased by as much as 6% on Friday. Analyst Owen Lau mentioned:

January 27, 2024 2 mins read

JPMorgan Downgrades Coinbase Amid Bitcoin’s Lackluster Performance

In a research report released on Monday, JPMorgan downgraded U.S. exchange Coinbase (COIN) to underweight and warned that the debut of spot bitcoin ETFs, the primary driver of bullish sentiment in the cryptocurrency markets last year, might disappoint investors in 2024. Analysts led by Kenneth Worthington mentioned: “While we continue

January 23, 2024 2 mins read

Coinbase vs SEC Pivotal Legal Showdown Today: More Details

In a pivotal legal showdown, Coinbase is set to present its case against the U.S. Securities and Exchange Commission (SEC) in a federal courtroom, challenging allegations that its business model involves trading unregistered securities. The hearing, scheduled for four hours before Judge Katherine Polk Failla of the U.S. District Court

January 17, 2024 2 mins read

Coinbase and Yellow Card Join Forces for Crypto Expansion in Africa

Coinbase has teamed up with Africa’s Yellow Card to launch its products in 20 African nations, with an emphasis on growing the accessibility of the USDC stablecoin. Moreover, Coinbase will integrate Yellow Card’s payment rails in Africa as part of the agreement, according to Yellow Card CEO Chris Maurice. This

January 12, 2024 1 min read

Coinbase Eyes EU Domination with MiFID Licensed Firm Acquisition

Coinbase is planning to expand its derivatives operations throughout the European Union by acquiring a MiFID-licensed corporation in Cyprus, as stated by the company. The goal of this undertaking is to substantially increase Coinbase’s market presence in 2024, subject to regulatory permission. In line with Coinbase’s long-term goal of diversifying

January 6, 2024 1 min read

Coinbase Implements FCA-Compliant Measures for UK Users

Some users have reported receiving an email stating that Coinbase has implemented a new requirement for customers in the UK. A risk acknowledgment form must now be filled out by them. This effort is in line with the Financial Conduct Authority’s (FCA) upcoming rules on financial advertising in the United

January 4, 2024 2 mins read