With over 3 million active users and with its TVL scaling beyond $600 million, the Base Network (a solution pioneered by Coinbase) has proven to be a successful train that keeps on moving. Typical of 1xBit to key into trends, it recently announced its inclusion of the network to further
As the platform takes yet another hit, crypto exchange Coinbase reassures customers that their assets are secure. Customers of Coinbase Inc. reported a problem with the platform during the recent spectacular price surge of Bitcoin (BTC). Many customers were worried when their account balances supposedly showed zero due to a
Coinbase, a leading cryptocurrency exchange, has taken a proactive stance in advocating for the approval of the Grayscale Ethereum Trust listing as a spot ether Exchange-Traded Fund (ETF). The company’s Chief Legal Officer, Paul Grewal, recently announced on social media platform X that Coinbase has responded to a request for
Coinbase Global (COIN), the Nasdaq-listed cryptocurrency exchange, saw one of its largest institutional supporters, ARK Invest, sell about $90 million worth of its shares on Friday. This happened after the exchange posted strong fourth-quarter earnings that led to several analyst upgrades. Coinbase shares surged nearly 27% to $180.31 last week,
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
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
The Super Bowl, one of the biggest events for marketing events in the US, will have no crypto ads for the second year in a row. Most major crypto companies, including Coinbase, Kraken, and Bitcoin spot ETF providers, have decided to skip the advertising opportunity, citing various reasons. The main
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
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:
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
