Tag: Coinbase

Polymarket’s Customer Data Sought by U.S. CFTC Subpoena of Coinbase, Source Says

Coinbase Inc. (COIN) is warning customers that a U.S. regulator is demanding information about interactions with prediction market firm Polymarket, according to a person familiar with the situation, and Coinbase has sent messages to customers saying the exchange may have to share that data. Copies of the emails shared with some customers have circulated on social-media sites, and those warnings about the U.S. Commodity Futures Trading Commission (CFTC) requests are accurate, the person said. The U.S. derivatives regulator has conducted a drawn-out legal battle with prediction markets firms, and this…

Bitcoin Plunges Below $100K Despite Positive Coinbase Premium Signal – What’s Next?

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Este artículo también está disponible en español. Bitcoin (BTC) has seen bullish but unsteady price action in early 2025, with recent data highlighting shifting sentiment among US investors. After briefly crossing the $102,000 mark yesterday, the asset has struggled to maintain upward momentum, shedding most of its recent gains as it stands at just below $100,000. These developments coincide with critical insights from key on-chain metrics that offer a clearer view of Bitcoin’s short-term trajectory. Related Reading Bitcoin’s Price Struggles Despite Positive Coinbase Premium Index Signal A CryptoQuant analyst known…

Bitcoin finds support as Coinbase premium index recovers

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Bitcoin continued rising in price over the weekend, reaching a high of $98,300 after finding crucial support at $91,405. The largest crypto by market cap has risen for six consecutive days, coinciding with ongoing demand and supply dynamics.  On the supply side, the mining difficulty and hash rate metrics have jumped to their record highs since the last halving event in April. This trend has pushed the coin’s inflation rate to 1.11%, much lower than the US consumer price index figure of 2.7%. It is also lower than 12%, compared…

Crypto Giants Stir: Vintage BTC Wallets Shift Millions, 1,940 Genesis ETH Lands on Coinbase

With the crypto market’s valuation sitting at $3.33 trillion and bitcoin holding steady above the $90,000 range for a cumulative 43 non-consecutive days, an intriguing trend has emerged—vintage crypto wallets have started stirring after years of inactivity. Million-Dollar Transfers From Long-Inactive Crypto Wallets As 2024 wraps up, digital currency prices stand significantly higher than where […] Source CryptoX Portal

Coinbase Dumps Failed Tactics – Crypto Millions Now Flow to Policy Gamechangers

Coinbase’s CEO unveils a bold plan to end failed lobbying, channeling tech money into pro-innovation candidates and rallying millions to reshape Washington’s future. Coinbase Ends Decade of Failed Policy – Armstrong Reveals the Bold New Plan Brian Armstrong, CEO of crypto exchange Coinbase (Nasdaq: COIN), has emerged as a prominent advocate for reshaping how the […] Source CryptoX Portal

Bitcoin Coinbase Premium Giving Potential Buy Signal, Quant Says

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A quant has explained how the latest trend in the Bitcoin Coinbase Premium Index could imply a buying opportunity for the asset. Bitcoin Coinbase Premium Index Has Plunged To -0.221% In a CryptoQuant Quicktake post, an analyst talked about the latest development in the Bitcoin Coinbase Premium Index. The “Coinbase Premium Index” refers to a metric that keeps track of the percentage difference between the BTC price on Coinbase (USD pair) and that on Binance (USDT pair). When the value of this metric is positive, it means the cryptocurrency is…

Bitcoin Market Leverage and Coinbase Premium: What Recent Data Reveals

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

California Court Allows Coinbase to Delist Wrapped Bitcoin

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Coinbase has successfully fended off a restraining order sought by BiT Global as a California court ruled in favor of the exchange’s decision to delist Wrapped Bitcoin.  The Hong Kong-based company BiT Global is allegedly tied to crypto entrepreneur and TRON founder Justin Sun who had sought the order to prohibit Coinbase from removing Wrapped Bitcoin (wBTC), arguing it would inflict irreparable damage to its business. The ruling from U.S. District Judge Araceli Martínez-Olguín permits the delisting to move forward as scheduled. As covered by crypto.news earlier, the American cryptocurrency…

Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global

Coinbase has thrown a legal argument against a lawsuit from Bit Global Digital Limited, which aims to overturn Coinbase’s choice to drop wrapped bitcoin (WBTC) from its exchange. Coinbase Defends Its Decision to Delist WBTC In a court filing submitted on Tuesday, Coinbase defended its action, claiming it was a necessary step to shield its […] Source BitcoincryptoexchangeExchanges CryptoX Portal