Ether Could Be a Meaningful Earnings Driver for Coinbase, JPMorgan Says
[Mar 15 7:30 AM] The bank raised its price target for the crypto exchange to $150 from $95.
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Microstrategy Announces $500 Million Convertible Note Sale to Boost Bitcoin Holdings
[Mar 14 7:05 AM] On March 13, the business intelligence company based in Virginia, Microstrategy, unveiled plans to generate $500 million by issuing convertible notes due in 2031. Echoing their previous fundraising efforts, the newly acquired funds are earmarked…
Derogatory Elizabeth Warren Meme Coin Deleted From Coinbase's Website
[Mar 13 12:41 PM] Meme coin traders are flocking to a derogatory cryptocurrency that attacks Elizabeth Warren, the Massachusetts senator and prominent crypto critic. Meanwhile, cryptocurrency exchange Coinbase is running awkwardly in the other direction.
Spot Bitcoin ETFs Could See $220B of Inflows in Next 3 Years: JMP Securities
[Mar 13 11:48 AM] Crypto exchange Coinbase (COIN) looks well-positioned to benefit from these growing inflows, the report said.
Coinbase Aims to Raise $1 Billion Through Convertible Bond Sale as Shares Spike
[Mar 13 9:00 AM] Coinbase Global, Inc. has unveiled its strategy to generate $1 billion through the issuance of convertible bonds set to mature in 2030. This plan includes a provision for initial buyers to acquire an extra $150 million to address any…
First Mover Americas: Coinbase Plans $1B Bond Sale
[Mar 13 6:01 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for March 13, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Coinbase Plans $1B Bond Sale That Avoids Hurting Stock Investors, Copying Michael Saylor's Successful Bitcoin Playbook
[Mar 12 5:28 PM] The convertible notes Coinbase wants to sell include provisions aimed at aiding its stock investors.
Coinbase Files Legal Challenge Against SEC for Crypto Regulation Clarity
[Mar 12 4:30 PM] In a significant legal confrontation, Coinbase has filed a challenge against the U.S. Securities and Exchange Commission (SEC) in the Third Circuit, contesting the SEC’s refusal to establish clear rulemaking for digital assets. San Francisco Crypto…
Coinbase Gets Another Upgrade, This Time at Raymond James, as Bears Capitulate
[Mar 12 3:03 PM] The brokerage firm lifted its rating on the crypto exchange’s shares to market perform from underperform.
Coinbase Accuses U.S. SEC of Breaking the Law in Rejecting Crypto Rulemaking
[Mar 11 2:53 PM] Coinbase Inc. (COIN) has accused the U.S. Securities and Exchange Commission of ignoring the law when it rebuffed the company's formal petition for crypto rules, according to a filing Monday in the U.S. Court of Appeals for the Third Circuit.
Crypto Market Could Face Some Short-Term Headwinds, Coinbase Says
[Mar 11 4:12 AM] Positive drivers such as spot ETF inflows are likely to meet some important macro and technical headwinds in the coming weeks, the report said.
Cathie Wood's ARK Invest Sold Nearly $150M Coinbase Shares Last Week
[Mar 11 3:24 AM] ARK Invest aims to have no individual holding surpass a 10% weighting of an ETF's value, making such large sell offs necessary when an asset surges in value.
Goldman Sachs Reevaluates Coinbase, Eyes Neutral Stance Amid Crypto Surge
[Mar 8 11:00 AM] In a significant shift, Goldman Sachs has upgraded its rating on Coinbase shares from selling to neutral, citing a surge in crypto prices and record-breaking daily volumes. The adjustment to a $282 price target reflects the bank’s…
Coinbase Upgraded to Neutral as Goldman Sachs Ends Bearish Stance
[Mar 8 7:10 AM] The bank lifted its rating on the stock after bitcoin hit record highs and the crypto exchange’s trading volume reached levels not seen since 2021.
Nigeria's SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report
[Mar 7 6:17 AM] Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.
US Judge Backs SEC: Trading of Certain Cryptocurrencies on Secondary Markets Are Securities Transactions
[Mar 6 11:30 PM] A U.S. district judge has sided with the Securities and Exchange Commission (SEC) in a ruling that declares the trading of certain crypto assets on secondary markets to be securities transactions. This decision emerged from an insider trading case…
Ethereum Fees Set to Drop for Arbitrum, Polygon, Starknet, Base. But How Much?
[Mar 6 8:48 AM] Leading figures behind layer-2 teams told CoinDesk how Ethereum's upcoming Dencun upgrade will affect their networks.
Bitcoin Sets New All-Time High Above $69,000 As Institutionals Show FOMO
[Mar 5 7:30 PM] Bitcoin has set a new all-time high (ATH) above the $69,000 level as institutional investors have aggressively bought on Coinbase. Bitcoin Has Set A New ATH Above $69,000 The moment that every Bitcoin investor had been looking forward to has…
Crypto Seeks to Make Mark on U.S. Elections During 'Super Tuesday'
[Mar 5 4:32 PM] The long list of primary elections Tuesday across 15 U.S. states will steer the fates of many seats in Congress and further solidifies the presidential showdown later this year, but Coinbase CEO Brian Armstrong said it's also a "chance to send a…
Bitcoin/Euro Suffers Flash Crash on Coinbase
[Mar 5 12:32 PM] Bitcoin {{BTC}} lost 23.7% of its value against its Euro trading pair on Coinbase amid a period of volatility on Tuesday.
Coinbase Faces Repeat Zero Balance Glitch Amid Crypto Trading Fervor
[Mar 4 3:30 PM] While bitcoin reached a 2024 high on Monday, rising above the $67,000 per unit range, Coinbase suffered an issue again where customers were seeing zero balances. The news follows the issues Coinbase suffered on Feb. 28, 2024, when customers saw…
U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales Are Securities Transactions
[Mar 3 11:58 PM] In an insider trading case involving Coinbase's former product manager Ishan Wahi, his brother Nikhil Wahi and their friend Sameer Ramani, a U.S. court ruled on March 1, 2023, that the trading of certain crypto assets on a secondary market, which…
Analyst: OP Is Undervalued But Will Skyrocket Because Of Coinbase And Base
[Mar 1 12:00 PM] Adam Cochran, a partner and professor, is bullish about OP, the native token of Optimism, the layer-2 scaling solution for Ethereum. Taking to X, Cochran is convinced OP is undervalued, pointing to the significance of Coinbase and the brand it has…
’10x Surge’ — Coinbase Traffic Overwhelmed Initial Demand Projections Amid Bitcoin’s Rise to $64K
[Feb 29 11:00 AM] The crypto enterprise Coinbase, rooted in San Francisco, experienced an influx of online visits that surpassed the tenfold increase anticipated by their projections. Brian Armstrong, the CEO of Coinbase, shared updates about the heightened traffic…
Coinbase Adds 'Smart Wallet' Feature, So Lengthy Seed Phrases Aren't Needed
[Feb 29 9:00 AM] The smart wallet will be an addition to Coinbase Wallet SDK, and the embedded wallets feature will be powered by "wallet as a service."
Bitcoin Ascent To $64,000 Causes Coinbase To Crash – Here’s What Happened
[Feb 29 2:00 AM] Not long after the value of Bitcoin surpassed $62,000, its highest level since 2021, Coinbase had severe disruptions and issues on Wednesday afternoon, preventing some customers from signing in at all and causing some user accounts to reflect a $0…
Coinbase Made an Arbitration Case to the U.S. Supreme Court – Again
[Feb 28 2:54 PM] Crypto exchange Coinbase again led a legal charge on the ins and outs of arbitration in the U.S. Supreme Court on Wednesday. The latest case isn't about digital assets, directly, but it may be important for every modern consumer who buys, registers…
Service Interruptions at Coinbase, Robinhood and Kraken as Bitcoin Soared to $64,000
Coinbase Crashes Following Bitcoin Pump, CEO Cites 'Large Surge Of Traffic"
[Feb 28 12:22 PM] Coinbase, one of the leading Bitcoin and cryptocurrency exchanges, experienced a significant outage today as Bitcoin's price soared, leaving many users accounts malfunctioning. The disruption occurred amid a sharp increase in trading activity…
Coinbase Adds 2 Software Programs for Ethereum Staking, to Reduce Concentration Risks
[Feb 28 11:54 AM] The publicly traded U.S. crypto exchange said it would add support for the additional Ethereum "clients" – computer programs used to access and run the distributed network – to help reduce dependence on the dominant Geth software.