Tag: Coinbase

Cathie Wood’s Ark Invest Offloads Massive GBTC and Coinbase Shares, Eyes AI Push

While Cathie Wood has been aggressively selling off her investments in crypto firms, she’s making fresh bets in the AI space acquiring shares of top tech companies like Microsoft and Meta. Cathie Wood’s Ark Invest has been doing massive capital rotation by offloading its crypto investments and eyeing a push into AI. Ark Invest executed its most substantial sale in over a year by divesting approximately $12.85 million in Grayscale Bitcoin Trust (GBTC) shares from its Next Generation Internet (ARKW) exchange-traded fund (ETF) on Monday, December 11. This move resulted…

Coinbase Base Gets Its First Token as Seamless Protocol Unveils ERC-20 SEAM Token

Seamless Protocol, a prominent project within Coinbase’s Base ecosystem, has launched its governance tokens for trading on the crypto exchange under the ticker SEAM starting at 18:00 UTC on Monday, December 11. As a leading lending and borrowing protocol on the layer-2 blockchain, Seamless boasts a substantial total value locked (TVL) exceeding $10 million. SEAM, the inaugural Base token, will debut on Coinbase. The distribution of SEAM occurred through an airdrop, rewarding users based on their engagement with the Seamless platform, including activities like providing funds to pools and participating…

Coinbase and Conio Partner to Bring Digital Assets to Italian Banks

The partnership between Coinbase and Conio is indicative of a larger trend in Europe that sees traditional banks and other financial institutions accepting cryptocurrencies more and more. The well-known US cryptocurrency exchange Coinbase and Conio, an Italian cryptocurrency wallet provider partly owned by two large Italian companies, have formed a new alliance. This partnership aims to make a variety of digital assets more easily accessible to banks and other financial institutions across Italy. Conio will make use of Coinbase Prime to provide institutional-grade liquidity support for crypto-friendly banks looking to…

Coinbase Stock Down 3% in Pre-Market, Cathie Wood’s ARK Invest Sold $49.2M Worth of COIN Shares on Friday

At the time of writing, Coinbase stock is trading at $141.98 whoch indicates a drop of over 3%. Coinbase stock is in the red zone during the pre-market session today while Bitcoin price has decreased from $44,000 to around $41,600.  At the time of writing, BTC is trading at nearly $42,000. It is reported that Cathie Wood’s ARK Invest has been gradually selling Coinbase Global Inc (NASDAQ: COIN) stock in recent weeks. On Friday, the company got rid of COIN shares worth $49.2 million. The sale that took place on…

Conio, Backed by Italian Banks, Partners with Coinbase for Supporting Crypto Banking in Italy

“Conio created the first multisig bitcoin wallet for smartphones in Italy, and we are now enlarging the custody capabilities because Italian banks are demanding more in the way of digital assets,” said Conio general manager Orlando Merone in an interview. “We are adding EVM Ethereum Virtual Machine chains, and the target is to cover almost 60% of the digital assets market by next year.” Source

FTX and Alameda move $23.59M in assets to Binance, Coinbase, OKX

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In four days, wallets linked to defunct crypto trading firms FTX and Alameda Research moved $23.59 million worth of digital assets to top cryptocurrency exchanges. Blockchain analytics firm Spot On Chain identified the movement, estimating that the defunct entities have transferred $591 million since Oct. 24 using 59 different cryptocurrency tokens. The wallets linked to FTX spread the latest transfer of $23.59 million across 19 tokens: 3,150 ETH  valued at $6.8 million, 59.6 million ALEPH (ALEPH) worth $6.41 million, $2.48 million in Curve (CRV), $990,000 in Avalanche (AVAX), and $848,000…

Kazakhstan bans Coinbase amid larger controversy

Coinbase faces a money laundering investigation in Kazakhstan as the country expands its crypto industry crackdown. Coinbase, the largest cryptocurrency exchange in the United States, has become the target of an investigation in Kazakhstan on allegations of money laundering, according to a recent report by local news outlet Kursiv. The Ministry of Culture and Information in Kazakhstan has confirmed blocking major cryptocurrency exchange Coinbase in the country, citing local digital asset regulations violation. Meanwhile, the government has quietly unblocked access to global trading platforms Interactive Brokers and the New York…