Markets

Coinbase stock is relatively dependent on the cryptocurrency industry which can explain its volatility.Coinbase Global Inc (NASDAQ: COIN) stock was up approximately 2% on Monday, May 24 at 9.46 am EDT and trading around $228.85 according to market analytics provided by MarketWatch. The rebound coincided with a rebound that happened in the cryptocurrency market during the past 24-hours whereby Bitcoin, Ethereum, and Binance coin were up approximately 11.5%, 22%, and 28% respectively.Coinbase...

Bitcoin’s bull market will endure and resume, pointed out the popular crypto analyst – Willy Woo. He came to this conclusion after indicating that BTC’s network has kept expanding during this crash. Interestingly, further on-chain data support this narrative. BTC Bull Run Intact Ever since bitcoin peaked at $65,000 in mid-April, the cryptocurrency has been on a downfall. After nosediving below $60,000, the situation worsened earlier in May following negative news from Tesla...

After reportedly leading Coinbase’s public offering earlier this year, the giant US investment bank Goldman Sachs predicted a bright future for the exchange’s shares. In a recent report, Goldman has put up a “buy” rating for COIN and predicted a 35% increase by the end of the year. One of the most notable developments coming from the crypto industry so far this year was Coinbase’s plans to go public. The company indeed did so through a direct offering in April, and previous...

As cryptocurrencies continue to experience massive volatility, Barry Silbert, founder, and CEO of Digital Currency Group (DCG), the parent company of Grayscale and other crypto firms, believes that the next move of the asset class will be determined by what happens in the stock market in the coming weeks. “Where the crypto market goes from here is completely dependent on the stock market over the next couple weeks,” Silbert tweeted today. Silbert’s latest statement follows an...

ADA now bagged the fourth spot once again this time, blowing past Binance Coin (BNB) which has endured a horrid week, after losing 47.7% of its value.Cardano (ADA) amidst the current chaos in the crypto market has overthrown Binance Coin (BNB) to grab the fourth spot on the cryptocurrency ladder. The crypto market has been in red for some days now, with most of the biggest digital currency, Bitcoin, slipping as its price has plummeted, touching the $30,000 mark, a 16-week low, and taking most...

The Chia network Version 1.1.6. is expected to solve some of the existing challenges including significant syncing and performance improvements.Chia Network native coin Chia (XCH) was up approximately 3.5% and trading around $765.21 at the time of reporting according to market data provided by CoinMarketCap. The Chia ecosystem has attracted notable cryptocurrency retail traders and also tech enthusiasts since its inception. In a bid to upgrade its system to handle the heightened workload due...

Top regulators like FinCEN and FATF have introduced several mandatory rules of reporting transactions taking place through unhosted wallets. Reportedly, such transactions have links to money laundering and terror financing and hence greater scrutiny over them is essential.As the crypto market matures, the debate between hosted and unhosted wallets is catching up with the heat. Hosted wallets also called custodial wallets often involve an intermediary. This intermediary takes care of services...

A bullish case isn’t on many people’s minds – but signs are cropping up that Bitcoin may indeed be headed for a trend reversal. Here are some signs explaining why BTC might be overdue for a renewed uptick. Bitcoin reached its all-time high of almost $65K on April 14, 2021, a little over a month ago. However, over the past 10 days the price violently broke down from the $50K mark and even reached $30K last Wednesday. Bearish sentiment affected the whole crypto market, as...

Elon Musk – the South African entrepreneur behind billion-dollar companies such as Tesla and SpaceX – has taken more jabs at the bitcoin mining process. Elon Musk Isn’t Done Asking Mining Questions People were shocked last week when Tesla announced it would not be accepting bitcoin payments for goods and services despite claiming it would do so back in March. Sadly, this sent bitcoin into a huge downward spiral, and at the time of writing, the world’s biggest and most...

Alex Krüger believes the current market dip is a good entry point for those who have no knowledge of the space to get in on board.American multinational investment bank and financial services company Goldman Sachs Group Inc (NYSE: GS) is set to release a new report to validate the progress of the cryptocurrency industry over the ages. A peek into a part of the report was unveiled on Twitter by Alex Krüger, a top crypto analyst and founder of asset management firm Aike Capital, who notably...