Tag: Coinbase

Coinbase stock may rally to $310 on Trump-led crypto policies

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Coinbase exchange’s stock price has received an optimistic price prediction from a Bernstein analyst, citing improving crypto regulatory clarity in the world’s largest economy. Gautam Chhugani, an analyst at global asset management firm Bernstein, initiated coverage of Nasdaq-listed Coinbase (COIN) stock with an outperform rating and a price target of over $310. The analyst expects improving mainstream cryptocurrency adoption, driven by US President Donald Trump’s administration, which intends to make crypto policy a national priority and make the US a global hub for blockchain innovation, according to a Bernstein research…

Crypto users report new scam emails spoofing Coinbase, Gemini

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Crypto users have reported a rise in scam emails made to look like they’re from crypto exchanges Coinbase and Gemini that attempt to get users to set up a new wallet with pre-generated recovery phrases controlled by scammers. In several examples posted to X, the email claims to be from Coinbase, asking users to transition to self-custodial wallets and providing instructions on downloading the legitimate Coinbase Wallet, giving a deadline of April 1 to make the switch. Source: Steve Kaczynski However, it also provides pre-generated recovery phrases. Once users open…

Coinbase (COIN) Stock Decline Can’t Stop Highly Leveraged Long ETF Rollouts

Leverage Shares by Themes has launched a new exchange-traded fund (ETF) tied to the Nasdaq-listed cryptocurrency exchange Coinbase (COIN) stock despite a downturn in the crypto-related shares. The Leverage Shares 2X Long Coinbase Daily ETF (COIG) is designed to deliver twice the daily return of Coinbase’s stock price, offering traders an amplified exposure to the U.S.’s largest cryptocurrency exchange. The ETF, which carries an expense ratio of 0.75%, is listed on Nasdaq, according to a press release. The launch comes amid a significant cryptocurrency market downturn that saw bitcoin (BTC)…

Coinbase Ventures Debuts Base Ecosystem Group on Echo Platform

Base has become Ethereum’s top layer two (L2) across several metrics and Base projects will now have access to onchain startup capital on Echo. Echo Hosts Coinbase Ventures’ New Base Ecosystem Group to Expand Crypto Development Projects building on Ethereum’s largest L2 network Base will now have access to early startup capital via the Echo […] Source CryptoX Portal

Coinbase Scores Big as Vermont Drops Case—Is This the End of Staking Crackdowns?

Coinbase just scored a massive legal win as Vermont rescinds its case on staking services, reinforcing that staking is not a security. This marks another major setback for regulators trying to rein in crypto. Vermont Drops Case Against Coinbase, Strengthening Crypto’s Legal Standing Coinbase Global Inc. and Coinbase Inc. have secured a significant legal victory […] Source CryptoX Portal

Vermont follows SEC’s lead, drops staking legal action against Coinbase

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US state Vermont has dropped its “show cause order” against crypto exchange Coinbase for allegedly offering unregistered securities to users through a staking service. Vermont’s Department of Financial Regulation said in a March 13 order that in light of the US Securities and Exchange Commission tossing out its case on Feb. 28, it would follow suit and rescind its action against Coinbase without prejudice. “The SEC has announced the formation of a new task force to, among other things, provide guidance for the promulgation of rules regarding the regulation of…

Bitcoin Struggles Below $82K While Coinbase Premium Rises—What’s Next?

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Bitcoin continues to face challenges in regaining upward momentum, with the cryptocurrency still trading below $82,000 as of today. The asset remains 25.1% below its all-time high of $109,000, recorded in January. Over the past 24 hours, BTC has seen an additional 0.7% decline, reflecting ongoing market hesitation and uncertainty among investors. Amid this price performance, CryptoQuant analyst Avocado Onchain has identified a notable trend in Bitcoin’s price channel. Bitcoin Coinbase Premium and Market Sentiment Despite Bitcoin’s downward trajectory, the Coinbase premium has been forming higher lows, indicating potential underlying…

Coinbase plans India comeback with FIU registration

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Cryptocurrency exchange Coinbase is one step closer to relaunching its services in India after securing a license with the country’s Financial Intelligence Unit (FIU).  On March 11, the crypto exchange revealed on social media that “we’re approved to launch in India,” which prompted a follow-up from Coinbase’s chief legal officer, Paul Grewal. “Coinbase is now FIU-registered,” said Grewal. “It’s a major step towards empowering Indian entrepreneurs to build, innovate and scale global onchain businesses — all from home.” A Coinbase blog post confirmed that the exchange plans to offer cryptocurrency…

Crypto scam reporting needs to move ‘under one umbrella’ — Coinbase CSO

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The reporting of crypto scams in the United States is currently handled by a patchwork of agencies that should be streamlined to better protect consumers, says Coinbase chief security officer Philip Martin. “It’s a very fragmented ecosystem. Where do you report these things? Well, you go here, you go there, you go somewhere else,” Martin told Cointelegraph at the SXSW conference in Austin, Texas. “I’d love to see that addressed and really brought under one umbrella, and that then helps us get a better idea of the magnitude of the…