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...
Read More »Coinbase’s Triple Threat: Withdrawals, Outages, and Glitches
CoinspeakerCoinbase’s Triple Threat: Withdrawals, Outages, and Glitches Yesterday, when Coinbase faced outage, the stock price level dropped from $205 to $195, causing a downfall of approximately 5%. Coinbase’s Triple Threat: Withdrawals, Outages, and Glitches
Read More »This Cryptocurrency Shoots 20% as Coinbase Prepares for a Listing
TL;DR The valuation of one particular cryptocurrency spiked after Coinbase added it to its “roadmap,” indicating potential future listing. Such announcements from the company have historically led to price increases for affected digital assets, highlighting the impact on market accessibility and investor interest. The price of Akash Network (AKT) jumped by approximately 20% following Coinbase’s announcement to add the token to its “roadmap” section. Assets added to the...
Read More »Coinbase International Exchange Tops $1B Daily Volume While Bitcoin ETF Volumes Surge
On Feb. 20, the company’s CEO Brian Armstrong reported that Coinbase International Exchange continues to grow, hitting $1 billion in daily volume for the first time. The exchange, which is based in Bermuda, offers crypto perpetual futures trading to professional non-US traders. It was set up outside of the United States due to the ongoing war on crypto and legal battles. Armstrong added, “Would be great to see perpetual futures allowed in the U.S. market as well.” Coinbase...
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