Tag: Coinbase

MORPHO soars after Coinbase listing, but a potential correction may be looming

MORPHO crypto surged up to 20% on Feb. 28 despite a risk-off sentiment in the broader crypto market. However, technical indicators have turned bearish for the altcoin, suggesting a potential pullback is on the horizon. Morpho (MORPHO) soared to an intraday high of $2.44 on Friday, marking a 35% rise from its weekly low and bringing its market cap to nearly $500 million as of press time. The recent price rally was accompanied by a surge in trading activity, with daily trading volume doubling from the previous day to over…

Coinbase Expands Into Nigeria With Onboard Global Partnership

Coinbase has partnered with Onboard Global to offer Nigerian users secure and efficient cryptocurrency trading. Shielding Coinbase from Regulatory Risk Coinbase and Onboard Global have partnered to provide secure and efficient cryptocurrency trading for Nigerian users. The collaboration enables the purchase of cryptocurrency with local currency through a peer-to-peer (P2P) exchange, with streamlined verification and […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Coinbase whales drives Bitcoin price action

boss

Bitcoin’s recent price action has been heavily influenced by whales on Coinbase, according to CryptoQuant CEO Ki Young Ju. In a Feb. 26 post on X, Ju noted that Coinbase’s spot volume dominance, which refers to the share of total Bitcoin (BTC) spot trading volume occurring on the exchange, had surged above 30% in the past week. At the same time, the Coinbase BTC premium, which tracks the price difference between Bitcoin on Coinbase and other exchanges like Binance, remained negative. This suggests that U.S. investors, particularly institutional ones, are driving…

ARK Invest bought Coinbase dip as Bitcoin fell to multi-month lows

boss

Asset manager ARK Invest has picked up shares of cryptocurrency exchange Coinbase as tech stocks dipped and Bitcoin fell to multi-month lows. According to the company’s latest update, it picked up 41,032 shares of Coinbase Global Inc. (COIN) valued at $9.3 million. The newest purchase comes a little over two months after the Cathie Woods-led firm offloaded $4.3 million worth of COIN stocks in late December. The buying activity transpired with the ARK Next Generation Internet exchange-traded fund, an actively managed ETF product that seeks long-term capital growth by investing…

Coinbase Explains How They Beat the SEC—and What It Means for Crypto

Coinbase’s CEO says winning against the SEC was crucial to protecting U.S. crypto, accusing the agency of overreach and political intimidation. Coinbase CEO Reveals Why Standing Up to the SEC Was Essential Following the U.S. Securities and Exchange Commission’s (SEC) decision to withdraw its lawsuit against Coinbase, CEO Brian Armstrong addressed the situation, explaining why […] Source CryptoX Portal

Three Altcoins Skyrocket in Hours After Going Live on Top US Crypto Exchange Coinbase

boss

A decentralized oracle provider and two artificial intelligence (AI)-focused altcoins surged just hours after going live on top US-based crypto exchange platform Coinbase. The data reveals that Chainlink (LINK) rival Pyth Network (PYTH) and AI-based projects Kaito (KAITO) and Bittensor (TAO) all saw significant increases in price after gaining support from Coinbase. KAITO – an “InfoAI” protocol that aims to solve the problem of fragmentation within the digital assets industry – was recently listed by both Coinbase and the top global crypto exchange by volume Binance en route to nearly…

SEC Drops Enforcement Lawsuit Against Against Top US Crypto Exchange, ‘Righting a Major Wrong’: Coinbase

boss

The U.S. Securities and Exchange Commission (SEC) is dropping a lawsuit against the top US-based crypto exchange, according to a new Coinbase blog post. Coinbase says the SEC has agreed “in principle” to dismiss its case with Commissioner approval. According to Coinbase, the suit being dropped should be viewed as a “major win for the rule of law”. Coinbase says that it has always complied with the SEC since going public in 2021. However, according to the top US-based crypto exchange by trading volume, political changes at the top of…

Bitcoin (BTC) Price, COIN Shares Gain as SEC Set to Drop Charges Against Coinbase

Coinbase (COIN) shares jumped 5% ahead of Friday market opening on news that the U.S. Securities and Exchange Commission (SEC) is poised to drop charges against the crypto exchange. The broader crypto market was also climbing higher with bitcoin (BTC) nearing $100,000 for the first time since early February. The Cryptox 20 Index, a broad-market benhmark, was up 1.7% over the past 24 hours. Tokens that the SEC characterized as securities in previous lawsuits initiated under former chair Gary Gensler’s leadership also advanced as sentiment improved, CoinGecko data shows. The…

Coinbase CEO Sees Meme Coins as Gateway to Mass Crypto Adoption

Meme coins may seem frivolous now, but their evolution could reshape crypto, Coinbase’s CEO said, warning against scams while urging openness to their potential impact. Coinbase CEO Brian Armstrong: ‘We Should Be Open Minded About Where Memecoins Are Going’ Coinbase CEO Brian Armstrong has shared his thoughts on meme coins, recognizing their significance in the […] Source CryptoX Portal

Coinbase and Ripple Propose Big Changes as Elon Musk’s DOGE Targets SEC Reform

Crypto leaders are rallying behind Elon Musk’s DOGE initiative, offering bold suggestions to curb SEC overreach, demand accountability, and push for pro-crypto regulatory reforms. Crypto Industry Challenges SEC Amid DOGE Initiative Crypto industry leaders, including executives from Coinbase and Ripple, have responded to the Department of Government Efficiency (DOGE), an initiative led by Elon Musk, […] Source CryptoX Portal