Coinbase
Bitcoin Price Tumbles; More Than 50% of Bitcoin Addresses Are Now in Loss
Valkyrie CIO Steven McClurg discusses his outlook for bitcoin (BTC) as it sinks below $16,000 and on-chain data shows most addresses holding BTC are losing money. Plus, reactions to Coinbase, MicroStrategy and other bonds tanking in the continued fallout of crypto exchange FTX.
Bitcoin Falls Below $16K; Coinbase Hits Lowest Price Since Going Public
Shares of Coinbase (COIN) hit their lowest price since the the U.S.-based cryptocurrency exchange went public in April 2021. The Grayscale Bitcoin Trust (GBTC) is drawing market attention after sister company Genesis Global Capital said its lending unit would halt customer withdrawals in the wake of the collapse of Sam Bankman-Fried’s FTX crypto empire, Bernstein said in a research report Monday.
Analyst Cuts Price Target for Coinbase in Wake of FTX Crash
Oppenheimer Senior Analyst Owen Lau cut his price target for Coinbase from $107 to $89 in the wake of FTX's implosion. "We are actually less optimistic for the industry in the near term," he said. Plus, Lau shares his long term outlook for the digital assets industry.
What FTX's Collapse Means for Coinbase
Shares of Coinbase skyrocketed over the past week since rival crypto exchange FTX filed for bankruptcy. Cathie Wood's ARK Investment Management ETF bought 238,000 more shares worth roughly $12.1 million. Oppenheimer Senior Analyst Owen Lau discusses the FTX collapse and whether it could be a positive development for Coinbase.
Las plataformas de comercio de Cripto que cotizan en EE. UU., Coinbase y Bakkt, ganan tras la declaración de quiebra de FTX
Los inversores parecen estar favoreciendo plataformas más reguladas y transparentes.
Coinbase elimina aproximadamente 60 puestos de trabajo mientras continúa el recorte de costos en medio de un mercado bajista
La plataforma de intercambio de Cripto calificó las últimas reducciones como “aisladas y específicas”.
John Todaro de Needham dice que USDC es "emocionante" a largo plazo y beneficiará a Coinbase
El vicepresidente de la empresa de inversión y gestión de activos analiza si la stablecoin podría convertirse en la moneda digital “de facto” del banco central estadounidense.
Why This Analyst Has a Buy Rating on Coinbase
Coinbase transaction revenue continues to be significantly impacted by macroeconomic and crypto market headwinds, which it expects to continue into 2023, as well as trading volume moving offshore, the company said in its shareholder letter. Needham & Co. Vice President John Todaro weighs in.