Tag: Coinbase

ARK Invest sells $33m in Coinbase shares, $5.9m in GBTC

Cathie Wood’s ARK Invest sold 237,572 Coinbase (COIN) shares for $33 million and 168,127 Grayscale Bitcoin Trust (GBTC) shares worth about $5.9 million. On Dec. 5, ARK Invest, led by Cathie Wood, sold $33 million in Coinbase (COIN) stock after the crypto exchange’s shares reached a 19-month peak in a move analysts connect to the recent uptick in Bitcoin (BTC) price. The sale involved a total of 237,572 COIN shares, distributed across three of ARK’s exchange-traded funds (ETFs): ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation…

Coinbase Introduces New Features For Global Remittances

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Coinbase, an American-based cryptocurrency exchange, has revealed its latest wallet features for transferring money internationally without going through the traditional hurdles. Significance Of Coinbase New Transfer Features On Tuesday, Coinbase announced its latest feature for its wallet to simplify and hasten global money transfers. The new feature is presented as a user-friendly procedure. According to the crypto firm, the new initiative is described as “Send money with a link.” Within the Coinbase Wallet, users can generate a link to distribute via their favorite social media platforms. However, the exchange noted…

Ark Invest Is Dumping Large Amounts of Coinbase (COIN) Stock, Here’s Why

The recent batch of dumping Coinbase (COIN) shares has been the largest from Ark Invest in 2023. COIN stock price is around a new yearly high of $140. Cathie Wood’s asset management firm Ark Invest has been liquidating its Coinbase Global Inc (NASDAQ: COIN) stock holdings in big numbers recently. On December 5, ARK executed the sale of up to 237,572 Coinbase shares across its three funds, as indicated by a trade notification. The transaction occurred when Coinbase’s stock closed at $140 per share, resulting in a minimum revenue of…

Coinbase Wallet Introduces Shareable Links Option for Local and International Payments to Simplify Money Transfers

Whether transferring money to family abroad or tipping a tour guide on vacation, Coinbase Wallet lets users easily create a personalized link for any payment amount. Cryptocurrency platform Coinbase aims to make sending money worldwide easier, faster, and more affordable through newly added features. Users can now instantly send funds globally by simply creating a shareable payment link to distribute via messaging apps, social media, or email. The new feature removes the need to exchange complicated bank details or wait through sluggish traditional wire transfers. With a few taps, people…

Cathie Wood’s ARK Sells $33M of Coinbase (COIN) Shares, $5.9M of Grayscale Bitcoin Trust (GBTC)

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Cathie Wood’s ARK dumps 237K Coinbase shares at $140 per stock

ARK Invest, one of the firms hoping to launch a spot Bitcoin exchange-traded fund (ETF) next year, is continuing to rake in the profits made from its large stash of Coinbase (COIN) stock. On Dec. 5, ARK dumped as many as 237,572 Coinbase shares from its three funds, according to a trade notification seen by Cointelegraph. The sale came on the day the Coinbase stock closed at $140 per share, netting at least $33 million. The trading firm offloaded 201,711 Coinbase shares from the ARK Innovation ETF (ARKK) alone, with…

Coinbase rolls out crypto transfers via links sent on WhatsApp, Telegram

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A new feature from Coinbase Wallet allows for the transfer of crypto through a link that can be sent through some of the most popular social media sites and messaging apps as the crypto exchange looks to make its service accessible to a wider market. “Users can now send money on any platform that they can share a link,” Coinbase said in a Dec. 5 blog post, naming apps like iMessage, Telegram, WhatsApp, Facebook, Instagram, and TikTok. There’s no payment fee when sending USD Coin (USDC), a U.S. dollar stablecoin…

Coinbase Stand with Crypto Campaign Unveils First Presidential Forum

Stand With Crypto disclosed on its website that the event would feature the presence of Republican candidate Asa Hutchinson, currently serving as the 46th governor of Arkansas.  The “Stand With Crypto” campaign, introduced last year by the cryptocurrency exchange Coinbase, is set to host its first presidential forum with 2024 presidential aspirants to discuss digital assets and blockchain-related issues. In an announcement on X, formerly Twitter, the crypto advocacy group said the free-to-attend event will be held in New Hampshire on Monday, December 11. We are excited to announce the…

Coinbase, Marathon stocks surge as Bitcoin lights ‘fire in the cauldron’

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Publicly traded crypto firms have notched triple-digit percentage returns this year and closed up in green on Dec. 4, as Bitcoin (BTC) reached a new year-high of over $42,000.  Crypto exchange Coinbase (COIN) closed the day at just over $141 with a 5.5% gain, up 320% from its price at the start of the year, per Google Finance data. Bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT) closed the day with over 8% gains, recording 337% and 345% year-to-date (YTD) gains, respectively. A visual map of the one-day price of S&P…

Coinbase initiative announces crypto-themed US presidential forum

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The “Stand With Crypto” campaign launched by cryptocurrency exchange Coinbase plans to bring candidates for the 2024 United States presidential election together to discuss blockchain technology and digital assets. According to its website as of Dec. 4, Stand With Crypto confirmed that Republican candidates Asa Hutchinson and Vivek Ramaswamy, as well as Democratic candidate Dean Phillips, will appear in person in New Hampshire on Dec. 11 to discuss issues related to digital assets. Invited candidates included former President Donald Trump, independent candidate Robert F. Kennedy Jr., and Republicans Doug Burgum,…