In the past few days, Bitcoin (BTC) has fallen from its newly recorded highs to levels not seen in a week, triggering millions in liquidations. Analysts have revealed that the Coinbase Bitcoin Premium Index flashed a bearish signal before BTC slumped. According to an analysis by CryptoQuant, the Coinbase Premium Index dipped below 0.05 some hours before the price of BTC fell more than 7% to $66,000 on Friday and even further on Sunday. Coinbase Premium Flashes Bearish Signal...
Read More »Coinbase Claps Back at Senators Urging Halt on Crypto ETF Approvals
Paul Grewal, the Chief Legal Officer at Coinbase, has come forward to criticize a letter written by two U.S. senators urging the Securities and Exchange Commission (SEC) to impose stricter regulations on Bitcoin exchange-traded funds and refrain from approving any further cryptocurrency ETF applications. In a March 15 X thread, he challenges the assertions of senators Jack Reed and Laphonza Butler and defends the necessity of expanding the ETF market to include assets beyond...
Read More »Coinbase Allows Eligible Users Access to 11 Altcoins: Details
TL;DR Coinbase has expanded its offerings to include nearly a dozen new digital assets exclusively for a certain group of users. Some of the affected cryptocurrencies have launched a rally, aligning with the overall bullishness in the market. One of the biggest cryptocurrency exchanges – Coinbase – announced that users could start dealing with nearly a dozen digital assets, such as Voxies (VOXEL), Celestia (TIA), Hivemapper (HONEY), Velo (VELO), and more. It is important to...
Read More »Coinbase Mimics MicroStrategy, Announces $1 Billion Convertible Bond Offering
Coinbase announced on Tuesday its intention to raise $1 billion through a convertible bond offering available exclusively to qualified institutional buyers. The company intends to use the proceeds from this offering for various corporate purposes, including debt repayment and general operational expenses. Debt Repayment and Strategic Hedging The notes, maturing on April 1, 2030, will be senior, unsecured obligations of Coinbase, accruing interest payable semi-annually. They...
Read More »Coinbase’s Bold $1 Billion Bond Offering amid Market Optimism
CoinspeakerCoinbase’s Bold $1 Billion Bond Offering amid Market Optimism In contrast to Coinbase’s expansionary endeavors, Cathie Wood’s Ark Invest has been engaging in a selling spree, offloading another $27 million worth of COIN shares. Coinbase’s Bold $1 Billion Bond Offering amid Market Optimism
Read More »Coinbase’s Legal Team Challenges SEC, Demands Clear Crypto Regulations
CoinspeakerCoinbase’s Legal Team Challenges SEC, Demands Clear Crypto Regulations Coinbase asserts that the SEC is exercising authority over crypto assets without establishing dedicated regulations for their treatment Coinbase’s Legal Team Challenges SEC, Demands Clear Crypto Regulations
Read More »Coinbase Says AI Tokens Value ‘Overstated,’ Surge Fueled by Hype
A recent Coinbase report notes that the perceived value of numerous AI tokens has been overstated, leading to concerns regarding their sustainability. David Han, a research analyst at Coinbase, highlighted the recent price surges observed in these tokens may be driven more by hype than genuine utility or usage. Surge in AI-Related Crypto Projects Raises Questions Based on data from CoinGecko, AI-related crypto projects have surged to a total value of $26 billion this year. A...
Read More »Shiba Inu Declines Briefly on Coinbase Following Price Surge of 50%
CoinspeakerShiba Inu Declines Briefly on Coinbase Following Price Surge of 50% Despite the morning sell-off, Shiba Inu quickly bounced back, showcasing its resilience and defying the odds. Shiba Inu Declines Briefly on Coinbase Following Price Surge of 50%
Read More »Cathie Wood’s Ark Invest Divest $44.7M Worth of Coinbase Shares
CoinspeakerCathie Wood’s Ark Invest Divest $44.7M Worth of Coinbase Shares In addition to selling Coinbase shares, Ark Invest also divested 686,864 Robinhood shares from its Next Generation Internet (ARKW) and Fintech Innovation (ARKF) funds. Cathie Wood’s Ark Invest Divest $44.7M Worth of Coinbase Shares
Read More »Citron Advises Investors to Short Coinbase (COIN) Stock
Coinbase has had a great run recently, topped off with a great Q4 2023 roundup in which the platform announced that it had beaten analyst predictions and was well on track to recovery from crypto winter. However, a technical glitch – which was reportedly caused by high traffic – recently struck the exchange, causing the site to display some users’ balances as zero. Speedy Recovery The platform has since recovered from the glitch, and Coinbase CEO Brian Armstrong hopped on X...
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