Streetbeat News

COIN

Coinbase Global, Inc.

https://www.coinbase.com

Industry

Software - Application

Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware.

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Shares of Coinbase Global, Inc. (NASDAQ:COIN) are trading higher amid a rise in the price of Bitcoin. The price of Bitcoin has risen over 3% during the past five days, positively impacting Coinbase's stock. Prior to this, the cryptoasset's price had dropped, hitting a one-month low and dragging Coinbase's shares down with it.

Portfolio Pulse from Ryan Gustafson

September 14, 2023 | 7:47 pm

Coinbase shares are trading higher due to an increase in the price of Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

September 14, 2023 | 6:10 pm

Ethereum co-founder, Joseph Lubin, expressed confidence that disagreements between crypto companies and the SEC will be resolved favorably. He drew parallels with past technological advancements and emphasized that decentralized protocols, blockchain, and cryptocurrency align with U.S. philosophies. Major crypto entities, including Binance, Coinbase, and Ripple, are currently in legal battles with the SEC over alleged regulatory breaches.

Portfolio Pulse from Murtuza Merchant

September 14, 2023 | 12:47 pm

Ethereum co-founder Joseph Lubin has expressed confidence that the ongoing disputes between the U.S. Securities and Exchange Commission (SEC) and crypto firms over the classification of crypto tokens will be resolved favorably. Lubin's comments come as crypto firms such as Binance, Coinbase, and Ripple continue to face lawsuits from the SEC for alleged law infringements. Lubin insists that ether should be considered more of a commodity, similar to oil.

Portfolio Pulse from Benzinga Neuro

September 14, 2023 | 9:39 am

Coinbase Global Inc (NASDAQ:COIN) has decided to integrate Bitcoin's Lightning Network for faster and cheaper transactions. The move was applauded by Cathie Wood, CEO of Ark Investment Management. The Lightning Network was previously integrated by Binance and is also being utilized by Block Inc (NYSE:SQ).

Portfolio Pulse from Ramakrishnan M

September 13, 2023 | 12:45 pm

CoinDesk Indices and Intercontinental Exchange (ICE) are collaborating to revamp Bitcoin futures contracts on ICE Futures Singapore. The contracts will be renamed as CoinDesk Bitcoin Futures.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 6:23 am

Coinbase Global Inc (NASDAQ: COIN) is investing in Truflation, a provider of verifiable economic data, as part of its support for Web3 and Blockchain technologies. Coinbase is also advocating for standardized crypto regulations at the upcoming G20 summit.

Portfolio Pulse from Khyathi Dalal

September 12, 2023 | 7:40 pm

SEC Chair Gary Gensler expressed significant concerns about the integrity of the cryptocurrency sector, citing 'fraud, abuse, and misconduct'. He did not directly answer a query on the filing of applications for a Bitcoin ETF. The SEC has recently charged leading cryptocurrency exchanges, Coinbase Global Inc. (NASDAQ:COIN) and Binance (CRYPTO: BNB), for violations of U.S. securities regulations. In response, U.S. Rep. Warren Davidson proposed a bill to reform the SEC and remove Gensler.

Portfolio Pulse from Murtuza Merchant

September 12, 2023 | 3:55 pm

Franklin Templeton has applied for a Bitcoin ETF, marking its entry into the cryptocurrency sector. The ETF, to be overseen by Coinbase Inc., is set for a listing on the Cboe BZX Exchange. This move mirrors actions by other financial powerhouses like Blackrock, who anticipate that the SEC might soon approve a spot Bitcoin ETF for the mainstream market.

Portfolio Pulse from Murtuza Merchant

September 12, 2023 | 3:48 pm

Shares of Coinbase Global Inc (NASDAQ:COIN) are trading higher by 6.1% amid a rebound in the price of Bitcoin. This comes after major cryptocurrencies saw a sharp decline due to concerns about potential selling pressure from the bankruptcy of exchange FTX. FTX is preparing to liquidate $3.4 billion in crypto assets, with Galaxy Digital set to oversee the sale.

Portfolio Pulse from Henry Khederian

September 12, 2023 | 2:44 pm

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