420,949 shares of Coinbase (COIN) were acquired by Ark Invest, an investment company led by protracted Bitcoin advocate Cathie Wood, for just around $21.4 million, as reported by the firm’s daily transaction brief. About 33,000 of the total bought shares went to ARKK, the company’s flagship exchange-traded fund (ETF) that
Following Binance’s announcement that it will acquire FTX, Coinbase CEO Brian Armstrong went to Twitter to address customers’ worries about the exchange’s impact on his company. Armstrong began by expressing his empathy for everyone affected by the present FTX issue. In a series of Twitter threads, Armstrong cleared out a
BaFin, Germany’s Federal Financial Supervisory Authority, has mandated that Coinbase’s German subsidiary get its house in order. BaFin, Germany’s financial regulator, has said that it has discovered irregularities in how Coinbase Germany operates. The company’s corporate structure was criticized for allegedly violating applicable regulations. Moreover, after conducting an audit, the
Coinbase’s transaction revenue has decreased by 44% from the second quarter. Transaction revenue had dropped from $655.2M in the second quarter to $365.9M. Coinbase, the US-based cryptocurrency exchange platform’s transaction revenues, dramatically decreased in the third quarter amid the global crypto market collapse. On Thursday, Coinbase (COIN) stated that the
10,880 Coinbase shares have been added to ARKF’s holdings. ARK owns 7.7M COIN shares & added about 2M shares to its holdings in the last year. ARK Fintech Innovation, a leading exchange-traded fund (ETF) is increasing its holdings on the Coinbase trading platform. According to recent reports, ARK Invest’s Fintech
The USDC is a third of the treasury supporting Maker’s Peg Stability Module. The DAO will receive up to 1.5% rewards on the assets. After being presented by Coinbase Institutional on September 6, the proposal passed with 75% approval on Monday afternoon. The USDC is a third of the treasury
Coinbase notes that acceptance of USDC has lagged behind that in the US. Coinbase, together with Circle, is a founding member of USDC. It seems that USDC, USDT, and BUSD are all maintaining their positions as the top three currencies. The USD currencies USDC, TUSD, and USDP have all been
Coinbase submitted an amicus curiae brief with the U.S. Court. The federal regulator had rejected Grayscale’s application for a Bitcoin ETF. Coinbase, the biggest cryptocurrency exchange in the United States, is supporting Grayscale, the largest Bitcoin fund, in its lawsuit against the Securities and Exchange Commission (SEC). Since the federal
As of the 2022 proxy statement, he had a 16.1% investment in Coinbase. Shares of Coinbase (COIN) dropped by more than 8% on Friday. Brian Armstrong, CEO of Coinbase, said on Saturday that he would sell his 2% ownership in the company over the next year to fund research and
It would begin accepting cryptocurrency payments in the first quarter of 2023. Coinbase’s commerce service now supports 10 different digital currencies. Google’s latest partnership is a show of support for digital currencies. The number of countries using cryptocurrency has been growing recently. Several major corporations are also beginning to see
