Tag: Coinbase

Global Crypto Exchange Coinbase (COIN) Concerned About ‘Ongoing Regulation by Enforcement’ in Australia

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“We’ve been quite vocal with our concerns about ASIC potentially just continuing to make enforcements”, during the “four or five roundtables” in recent weeks, O’Loghlen said, even though he complimented a new ASIC team for “very much reaching out to all industry players” … “proactively” having “a coffee conversation with 50 or so groups.” Source

Is A Major Bitcoin Dip Coming? What the Coinbase Index Tells Us

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An analyst from the CryptoQuant QuickTake platform has now drawn attention to a particular trend tied to the Coinbase Premium Index (CPI) which currently suggests a grim move brewing for Bitcoin. This indicator, when placed with its Simple Moving Average over 14 days (SMA14), has often shown a significant correlation with Bitcoin’s selling pressure, shedding light on how crucial its impact is on the market. Bull or Bear: What the Coinbase Index Tells Us Before diving into what the Coinbase Premium Index is currently signalling for Bitcoin, it is worth…

Ethereum Whales Send Over $205 Million To Coinbase

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On-chain data suggests that some Ethereum whales might be jumping off the bandwagon amidst the ongoing tug-of-war between bulls and bears. This phenomenon has become increasingly evident as transaction data from whale trackers reveals a significant uptick in whale activity over the past 24 hours. The majority of these transactions are directed towards various crypto exchanges, indicating a possible shift in strategy or sentiment among these large-scale investors.  Notably, on-chain transaction alerts from Whale_Alerts show that approximately $205 million worth of ETH has been transferred into crypto exchange Coinbase from…

Coinbase (COIN) Earnings Hurt by Low Crypto Volume But Trump Could be Wild Card, Analysts Say

However, the investment banking firm Oppenheimer (PT: $282, outperform ) added a bit of optimism, saying that the upcoming election could act as a positive catalyst for the stock. “Since our meetings with legislators in May, our thesis has been that Coinbase would benefit the most in our coverage if former President Donald Trump is re-elected. Recent events including Trump’s continuing to speak in Bitcoin conferences in-person only increase our confidence,” the firm’s analyst wrote. Source

Coinbase to Provide Custody for Australian Bitcoin ETF BTXX

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Digitalx, an ASX-listed company, has selected Coinbase to deliver custody and advanced trading execution services for its recently approved Bitcoin exchange-traded fund (BTXX) in Australia. This partnership will offer qualified Australian investors access to bitcoin and other digital assets via a traditional fund structure through Coinbase Prime, a comprehensive prime brokerage platform. This selection follows […] Original

Arkham Intelligence integrates with Coinbase Wallet

Blockchain analytics firm Arkham Intelligence has launched a new feature that enables users to connect their Coinbase Wallets directly to its platform. The integration enables users to track their crypto holdings and transactions seamlessly on Arkham.  Arkham’s platform specializes in de-anonymizing blockchain transactions and linking them to real-world entities and individuals. It is known for identifying individuals who have moved large amounts of crypto on the blockchain. Announcing Arkham X Coinbase Wallet! You can now connect your Coinbase Wallet to Arkham to track your holdings & transactions directly on the…

Coinbase (COIN) Unit CBPL Fined $4.5M by UK’s FCA for Money Laundering Lapses, Serving High-Risk Customers

“Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers,” the FCA said in a release on Thursday. “Approximately 31 per cent of these customers deposited around USD $24.9 million. These funds were used to make withdrawals and then execute multiple cryptoasset transactions via other Coinbase Group entities, totalling approximately USD $226 million.” Source