Tag: Coinbase

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

Coinbase Asset Management Plans Tokenized Money-Market Fund, a Hot Area After BlackRock’s BUIDL Success: Sources

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Coinbase Narrows Demand for SEC Chair Gensler's Crypto Messages

Coinbase Inc. (COIN) is going after internal chatter at the U.S. Securities and Exchange Commission (SEC) that may shed light on its pursuit of cryptocurrency exchanges as illegal enterprises – including Chair Gary Gensler’s own communications – but the scope of its latest request filed on Tuesday has been dialed back after resistance from a federal judge. Source