Tag: Coinbase

Coinbase and MicroStrategy Stock Jump Almost 9% amid Bitcoin Rally

With MicroStrategy’s shares trading at $574 ahead of today’s open, a level not seen since April 2022, investors are closely watching the company’s performance amid the ongoing crypto resurgence. Recent market dynamics have highlighted the impact of the ongoing Bitcoin (BTC) price rally on certain stocks, with Coinbase Global Inc (NASDAQ: COIN) and MicroStrategy Inc (NASDAQ: MSTR) emerging as key beneficiaries in this unique correlation. In the past 24 hours, both COIN and MSTR stocks experienced a remarkable 9% surge in value, mirroring the 4% rise in Bitcoin’s price during…

Coinbase market share grows outside US trading hours amid Binance saga: Report

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Following cryptocurrency exchange Binance reaching a substantial multi-billion-dollar settlement with United States regulators last week, an on-chain data analytics firm reported a surge in Coinbase’s market share. On November 21, Binance and the United States Department of Justice (DoJ) reached a settlement of $4.3 billion, settling allegations related to anti-money laundering. However, the legal challenges have led to other crypto exchanges seeing an increase in market share, according to research firm Kaiko Research. The firm recently published a report that indicates that Coinbase has seen an uptick in its trading…

Coinbase (COIN) Up By 250%

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The shares of Coinbase Global (COIN) have been on a tear in recent weeks, emphasizing its positive performance in 2023. While the recent resurgence experienced by the exchange’s shares coincides with the climate shift in the general cryptocurrency market, the latest price data reveals that COIN might actually be doing better than the market leaders, Bitcoin and Ethereum, since the turn of the year. Here’s Why Coinbase (COIN) Is Up By 250% In 2023 A recent report by crypto intelligence platform IntoTheBlock has revealed that COIN is amongst the crypto-related…

Coinbase CEO clarifies why company has no plans for Base token

In a recent interview with Decrypt, Coinbase CEO Brian Armstrong confirmed the company’s decision not to issue a token for its layer-2 network, Base. Contrary to previous speculations and a statement by Coinbase Chief Legal Officer Paul Grewal, Armstrong emphasized that there are no plans to create a Base network token. This announcement is significant as it reflects Coinbase’s strategic approach towards its layer-2 network development and its interaction with the broader crypto ecosystem. Base, which launched in August, has shown remarkable growth, becoming the third-largest layer-2 network in terms…

FTX and Alameda Research Move $10.8M in Cryptocurrencies to Binance, Coinbase, Wintermute

These asset shifts have also been constantly noticed ever since FTX filed for bankruptcy, leaving many to speculate about the rationale behind the moves. According to a recent tweet by Spot on Chain, crypto accounts linked to the collapsed crypto exchange FTX and its sister trading firm Alameda Research executed over $10 million worth of token transfers across six currencies within a 12-hour span. These movements involve a part of the remaining digital assets still controlled by FTX bankruptcy administrators. The frequency and strategies behind the withdrawals have kept many…

FTX and Alameda Research cash out $10.8M to Binance, Coinbase, Wintermute

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Wallets linked to defunct crypto trading firms FTX and Alameda Research moved $10.8 million to accounts in Binance, Coinbase and Wintermute using eight cryptocurrencies. Blockchain analysis firm Spot On Chain found $10.8 million worth of cryptocurrencies being moved from FTX and Alameda Research accounts to various crypto exchanges. The firm estimated that the defunct entities transferred $551 million since Oct. 24 using 59 different cryptocurrency tokens. #FTX and #Alameda moved out $10.8M worth of 8 assets to #Wintermute, #Binance, and #Coinbase in the past 11 hrs: 10M $GMT ($2.58M)407K $UNI…

Coinbase tracks 6% rise in info requests from law, government agencies

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Crypto exchange Coinbase says it had recorded a 6% rise in requests from law enforcement and government agencies compared to 2022, with the number of jurisdictions issuing requests jumping by 19, according to the exchange’s annual Transparency Report. Four countries — the United States, Germany, the United Kingdom, and Spain — made up nearly three-quarters (73%) of the 13,079 agency requests to Coinbase for information between Q4 202 The United States made 5,686 requests to Coinbase, up from 5,304 last year, with 90.4% of those from criminal enforcement agencies. That…

Coinbase Faces SEC Charges amid Calls for Crypto Regulation Clarity

Coinbase CEO Brian Armstrong voiced frustration over the charges. He mentioned how his company has provided a lot of clarity to the SEC but the commission on the other hand is not making matters easier. Despite over 30 meetings with the SEC in the past 18 months aimed at gaining regulatory clarity, cryptocurrency exchange Coinbase was hit with charges in June for operating an unregistered securities exchange. This came after the company received a Wells Notice for potentially breaking securities law from the regulator in March, signaling an intention to…

Coinbase Alerts Users to CFTC Subpoena Linked to Bybit Investigation

Customers who have interacted with both Coinbase and Bybit reported receiving emails from Coinbase notifying them of the CFTC subpoena. Leading American cryptocurrency exchange Coinbase has issued warnings to an undisclosed number of users regarding a subpoena it received from the United States Commodity Futures Trading Commission (CFTC) about Bybit, another digital asset trading platform based in Dubai. The market watchdog is seeking information about Bybit’s operations for possible violation of federal laws and lack of compliance to know-your-customer (KYC) and anti-money laundering (AML) rules in which Coinbase may be…