Tag: Coinbase

Is Cathie Wood leaving Crypto Investing after this?

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In this video, we’ll give you our reaction to the news that Cathie Wood sells Coinbase stock (COIN stock) in her ARK Innovation ETF (ARKK). We thought it was a value play that she intended to own for years to come…interesting. (Recorded August 1, 2022) #cathiewood #coinbase #arkk Join the community of like-minded investors: OR _____________________________________________________ ⚠️ By watching videos posted on Everything Money’s YouTube channel and/or using EverythingMoney.com, you acknowledge that you have read, understand, and agree to the following: Everything…

Coinbase Exchange Faces SEC Probe Over Crypto Yield, Staking Products

“The Company has received investigative subpoenas and requests from the [U.S. Securities and Exchange Commission] for documents and information about certain customer programs, operations, and existing and intended future products, including the Company’s processes for listing assets, the classification of certain listed assets, its staking programs, and its stablecoin and yield-generating products,” Coinbase said in the 10-Q form. Source CoinbaseCryptoExchangeFacesProbeProductsSECStakingYield CryptoX Portal

Brian Armstrong Says the More Crypto Regulation, the Better for Coinbase — CEO Discusses Alleged SEC Investigation – Regulation Bitcoin News

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Coinbase CEO Brian Armstrong says “the more regulation there is for crypto, the better it is for Coinbase.” He revealed an inquiry from the U.S. Securities and Exchange Commission (SEC), noting: “We do not yet know if this inquiry will become a formal investigation.” Coinbase’s CEO on Crypto Regulation The CEO of Coinbase Global (Nasdaq: COIN), Brian Armstrong, discussed his company’s performance and cryptocurrency regulation during Coinbase’s Q2 earnings call Tuesday. Coinbase’s revenue declined almost 64% in the second quarter. The company reported a $1.1 billion net loss, compared with…

Coinbase Faces SEC Probe Over Crypto Yield, Staking Products

“The Company has received investigative subpoenas and requests from the SEC for documents and information about certain customer programs, operations, and existing and intended future products, including the Company’s processes for listing assets, the classification of certain listed assets, its staking programs, and its stablecoin and yield-generating products,” Coinbase said in the disclosure. Source

Coinbase se dispara más de un 40% tras anunciar un acuerdo con BlackRock

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase se dispara más de un 40% tras anunciar un acuerdo con BlackRock La plataforma de negociación de criptomonedas Coinbase ha desvelado un acuerdo por el que se asociará con BlackRock para brindar servicios de acceso cripto a los clientes institucionales de Aladdin, la plataforma de administración de inversiones global (end-to-end) del mayor gestor de activos del mundo, lo que ha llegado a disparar la cotización de las acciones de la ‘fintech’ más de un 40%. A través de esta asociación, Coinbase…

Crypto Exchange Coinbase Stock Is Not Out of the Woods as Market Uncertainty Hovers

“Following a severe drop in asset prices, it is not surprising to see a bit of paralysis in customer engagement, particularly in trading as investors assess where we go from here,” JMP’s Devin Ryan told clients in a note. “Pinpointing the moment of inflection is difficult, but we continue to have conviction that Coinbase remains incredibly well positioned to benefit as the pendulum moves back into the middle, which we believe it inevitably will.” Ryan has a market outperform, and lowered JMP’s price target to $195 from $205. Source

Coinbase posts $1.1B loss in Q2 on ‘fast and furious’ crypto downturn

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Crypto exchange giant Coinbase has cited a “fast and furious” downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trading volume and transaction revenue tumbling.  It’s the second consecutive quarter of loss for the crypto company and the largest loss since its listing on the Nasdaq Stock Exchange (Nasdaq) in April 2021.  The results, which also missed analyst expectations, were shared in a Q2 2022 Shareholder Letter from Coinbase on Aug. 9, stating: “The current…