Investors3
5 days ago
Coinbase Announces Date of First Quarter 2024 Financial Results
April 18 2024 - 4:05PM
Business Wire
Coinbase Global, Inc. (the “Company” or “Coinbase”) announced today that it will publish its first quarter 2024 shareholder letter, including financial results, on its Investor Relations website at investor.coinbase.com on Thursday, May 2, 2024, after market close. The Company will hold a question and answer session to discuss its financial results at 2:30 p.m. PT that same day.
Starting on April 25 at 9:00 a.m. PT, all shareholders will be able to submit and upvote questions for Coinbase management by visiting here. This Q&A platform will remain open until 24 hours before the earnings call. Shareholders can email support@saytechnologies.com for any support inquiries.
To register for the webcast, please use this link. A live webcast of the call will be available on the Investor Relations website at investor.coinbase.com. Following the call, a replay of the call, as well as a transcript, will be available on the same website.
Disclosure Information
Coinbase uses the investor.coinbase.com and blog.coinbase.com websites, as well as press releases, public conference calls, public webcasts, our X feed (@coinbase), our Facebook page, our LinkedIn page, our YouTube channel, and Brian Armstrong’s X feed (@brian_armstrong) as means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD.
About Coinbase
Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase (NASDAQ: COIN) is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240418898747/en/
Press:
press@coinbase.com
Investor Relations:
investor@coinbase.com
https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93682346/coinbase-announces-date-of-first-quarter-2024-fina
Investors3
2 weeks ago
Coinbase to Launch PEPE Futures, Uniswap Grapples with SEC, and Latest Crypto News
April 11 2024 - 3:14PM
IH Market News
Bitcoin holds price above $70,000 despite US inflation instability
Bitcoin (COIN:BTCUSD) records a modest decrease of 0.43% at the time of writing, yet remains resilient above the $70,000 mark amid volatility triggered by a US inflation report for March that exceeded expectations. Despite the initial market reaction, the cryptocurrency displayed stability compared to other assets, which experienced greater drops, highlighting the crypto market’s sensitivity to global economic movements. Analysts point to the consistent demand for Bitcoin, considering it a safe-haven asset in times of financial uncertainty.
Coinbase boosts PEPE with futures and potential spot listing
The meme coin Pepe (COIN:PEPEUSD) gained attention with the announcement by Coinbase International Exchange (NASDAQ:COIN) that a perpetual futures market for the token will soon open. This move, scheduled for April 18 at 9:30 AM UTC, spurred PEPE’s value, raising expectations for a future direct listing. Following the reveal, PEPE rose 10%, though it later receded, maintaining a 3.1% gain over 24 hours.
Kraken to cease Monero operations in Ireland and Belgium
Kraken announced it will discontinue activities involving the privacy-focused cryptocurrency, Monero (COIN:XMRUSD), for its users in Ireland and Belgium starting June 10. From May 10, the platform will halt XMR trades and deposits, and users must close their margin positions by this date to prevent automatic liquidations. After June 10, any remaining XMR balance will be converted to Bitcoin. This move follows similar actions by other exchanges like Binance and OKX, occurring in a context of stricter EU regulations against money laundering, which include restrictions on privacy coins.
Uniswap faces SEC action and a drop in UNI token value
Uniswap (COIN:UNIUSD), the decentralized cryptocurrency exchange platform, was notified by the US SEC about potential legal actions. Following the announcement, its token’s value plummeted by up to 18%, though at the time of writing the token is down -9.9% over the last 24 hours. Hayden Adams, CEO of Uniswap, expressed frustration and determination in facing the charges, which include operating as an unregistered broker and exchange. The nature of the UNI token in the SEC’s accusations remains unclear.
Chainlink launches “Transporter,” a tool for inter-blockchain transfers
Chainlink introduced “Transporter,” its new blockchain bridge, enabling secure transfers of crypto assets and data across various networks. Aimed at both regular users and institutions, the Transporter promises to be an economical solution for large-value movements. Initially, it will support networks like Arbitrum and Ethereum, aiming to set a new standard for blockchain interoperability.
EMURGO and Huawei Cloud boost Cardano with new partnership
EMURGO, a foundational entity of the Cardano network (COIN:ADAUSD), joins forces with Huawei Cloud to enhance and expand Cardano’s blockchain capabilities, utilizing Huawei’s cloud infrastructure. Announced on April 11, 2024, this agreement aims to accelerate the adoption of Web3 technology by integrating a Cardano Validator Node into Huawei’s extensive cloud infrastructure to optimize performance and interoperability in Asia.
Circle introduces instant BUIDL-USDC exchange via smart contract
Circle (COIN:USDCUSD) announced a smart contract innovation for BlackRock’s BUIDL fund (NYSE:BLK), allowing investors to directly convert their shares into USDC. This mechanism provides an efficient and transparent exit from the digital fund at any time, highlighting the agility and security of traditional financial asset tokenization.
SHIB partners with CDSA to innovate in blockchain for media
SHIB, the ecosystem behind the Shiba Inu cryptocurrency (COIN:SHIBUSD), announced a partnership with the Content Distribution and Security Association (CDSA) to develop blockchain solutions for the media and entertainment sector. This collaboration aims to enhance content security and distribution, with the CDSA, a global nonprofit entity, providing a stage for SHIB to introduce blockchain and AI innovations in the industry.
Polkadot considers promotion at Paris Olympics with electric bikes
The Polkadot (COIN:DOTUSD) governance forum is evaluating a $160,000 project to promote the network through a fleet of branded electric bikes during the Paris Olympics. The proposal by Oribiky aims to place 100 Polkadot-branded bikes at key locations, complemented by a mobile app for bike rentals and cryptocurrency payments. Despite the innovation, the community initially showed resistance, with a majority of votes against the initiative so far.
JPMorgan assesses low probability of Ether ETF approval in May
JPMorgan (NYSE:JPM) highlights that due to SEC investigations into entities associated with the Ethereum Foundation (COIN:ETHUSD), an Ether ETF’s approval next month is unlikely. Despite the recent authorization of bitcoin ETFs, the bank foresees ongoing regulatory challenges for ether, with possible litigation against the SEC after May, though it anticipates eventual victory against the regulatory agency. The setup of Ether options for the end of May reflects skepticism, anticipating sharp price fluctuations. The uncertainty translates to expectations of high market volatility, especially around the $3,600 mark.
Grayscale ETF records lowest outflow since launch
On Wednesday, Grayscale’s Bitcoin ETF (AMEX:GBTC) achieved a positive milestone with the lowest fund outflow recorded, about $18 million, since its inception in January. This improvement follows Grayscale CEO Michael Sonnenshein’s prediction of an outflow balance, indicating overcoming the sales associated with crypto firm bankruptcies like FTX. The notable decrease in outflows suggests a relief in Bitcoin selling pressure, countering expectations of a continuous withdrawal trend.
Bitcoin mining difficulty reaches new record ahead of halving
Bitcoin’s mining difficulty increased by 3.9% to a historical peak, gearing up for the halving expected on April 20. This rise occurred in the most recent adjustment, indicating a strengthening in hash rate by miners before the block reward is halved. With the halving imminent, the mining community is ramping up efforts, reflected in the continuous growth of Bitcoin’s difficulty and hash rate since the year’s start, despite the prospect of lower block rewards.
Bitfinex launches unprecedented tokenized debt offering in El Salvador for hotel
Bitfinex Securities announces El Salvador’s first tokenized debt offering to fund a Hampton by Hilton hotel at the country’s airport, aiming to raise $6.25 million. With a minimum investment of $1,000 and a 10% rate over five years, the project promises to create thousands of jobs and boost the local economy, marking a significant advance in the tokenization of Salvadoran digital assets.
London mayoral candidate plans universal cryptocurrency for residents
Brian Rose, a candidate for London’s mayor, proposes distributing £100 in a new cryptographic token to every Londoner, funded by a tax on financial institutions’ profits. The token, provisionally named LONDRES, would be accepted for payments in the transport network and other municipal fees, aiming to integrate cryptocurrency into the city’s daily life and promote financial education among citizens.
South Africa begins issuing licenses to cryptocurrency companies
South Africa’s financial regulatory body granted the country’s first cryptocurrency licenses, with Luno and Zignaly among the first recipients. Luno received recognition as a financial service provider under the FAIS Act of 2002, while Zignaly was approved as a Category 2 – Discretionary Financial Services Provider. This initiative marks a significant step towards regulating the crypto sector in South Africa, promising compliance and security for users and paving the way for more companies in the industry.
Uplink raises $10 million for decentralized internet expansion
Uplink, committed to democratizing internet access, raised $10 million in investments led by Framework Ventures. Operating as a Decentralized Physical Infrastructure Network (DePIN), Uplink aims to reshape global connectivity by encouraging collective contributions to its infrastructure through token rewards. The DePIN sector, potentially worth $3.5 trillion by 2028, promotes the intersection of blockchain technology and physical systems, driving a new era of internet accessibility.
https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93639581/coinbase-to-launch-pepe-futures-uniswap-grapples
Investors3
2 weeks ago
Crypto: Cardano Implements Critical Updates, dYdX Faces Disruption, and More
April 08 2024 - 02:05PM
IH Market News
Coinbase’s Base reaches $4 billion in TVL and leads in L2 growth
Base, Coinbase Global’s (NASDAQ:COIN) Ethereum Layer-2 project, has reached a total locked value of $4.15 billion, surpassing the growth of other L2s like Arbitrum. Without a native token, Base captures 10% of the total TVL of $41.03 billion in scaling projects, with a 14% increase in just one week. Recently, it has become a hub for meme coins and serious projects, including the Web3 gaming platform, Iskra, standing out in the crypto industry.
Challenges and opportunities of the Lightning Network in the current scenario
Despite expanding access in Asia and on Coinbase globally, Bitcoin’s Lightning Network faces criticisms regarding its effectiveness. This Layer 2 protocol, created to improve Bitcoin’s scalability, has been seen as revolutionary since its inception in 2016. However, claims of fundamental flaws are gaining traction, including the departure of key developers. Despite this, there’s no complete abandonment, evidenced by recent significant investments and partnerships. First, Neutronpay, a company dedicated to strengthening the Lightning Network’s infrastructure, secured $1.5 million in venture capital funding. This investment specifically aims to enhance the network’s viability and accessibility in Southeast Asia. The second initiative is Coinbase’s (NASDAQ:COIN) partnership with Lightspark to launch the Lightning Network on the Coinbase platform.
Cardano prepares for significant updates with Chang and Ouroboros Leios
Charles Hoskinson, co-founder of Cardano (COIN:ADAUSD), expresses his excitement for two critical updates: the Chang hard fork and the Ouroboros Leios consensus mechanism, aimed at enhancing the network in response to community demands. The Chang hard fork is a step towards more community governance, granting more voting power to ADA holders, while Ouroboros Leios focuses on optimizing transaction efficiency and scalability. These advancements reinforce Hoskinson’s vision for Cardano, aiming for a more democratic, efficient, and competitive network in the blockchain ecosystem.
dYdX experiences an outage after a protocol update
The dYdX, a decentralized derivatives exchange protocol, faced an outage following a scheduled update, halting block production since the early hours of the morning. This is the first significant setback since the launch of its fourth version and the independent Cosmos blockchain. The team is working to resolve the issue, with the network’s validators scheduled to discuss a solution. The incident did not negatively impact the value of the dYdX token (COIN:DYDXUSD), which observed an increase of over 3.5% in the last 24 hours. Recently, the dYdX community agreed to stake 20 million dYdX tokens, valued at $60 million, with the Cosmos provider Stride to enhance security and promote diversity among its members. The initiative, which received 91% favorable votes, will allow participants to receive rewards in USDC, reinvested in more dYdX tokens. Stride reduced its fees to encourage the proposal, aiming to increase the security and decentralization of the dYdX network.
Bitcoin and U.S. crypto stocks kick off the week on a high note
Bitcoin (COIN:BTCUSD) and U.S. cryptocurrency stocks have had a promising start to the week, with Bitcoin hitting $72,000, a peak since March, boosted by 3.6% over the last 24 hours in anticipation of the upcoming halving. Other cryptocurrencies like Ethereum (COIN:ETHUSD), Ripple (COIN:XRPUSD), Dogecoin (COIN:DOGEUSD), and Cardano (COIN:ADAUSD) also saw gains of 5.88%, 4.05%, 2.18%, and 3.63% respectively, while the meme coin Pepe (COIN:PEPEUSD) surged by 12.4%.
MicroStrategy could profit from Bitcoin’s next halving
Brokerage Benchmark highlighted in a report that MicroStrategy (NASDAQ:MSTR) is well-positioned to benefit from the upcoming Bitcoin halving on April 20, an event that will halve mining rewards, potentially increasing the cryptocurrency’s value. The company, which adopts a strategy of accumulating Bitcoin, could see its value rise significantly, similar to what occurred after previous halvings. Benchmark raised MicroStrategy’s price target from $990 to $1,875, forecasting an optimistic scenario for the company and Bitcoin while maintaining a buy recommendation.
TokenFi proposes exclusive benefits for TOKEN holders
The TokenFi (COIN:TOKENUSD) team is proposing the “TOKEN Supercharge Program” to enrich the TOKEN holders’ experience, offering them priority access to new token issuances on the platform. If accepted, the proposal will allow qualified participants to acquire up to four times the standard amount of tokens, prioritizing those who own or stake TOKEN. The initiative requires users to have at least $1,000 in TOKEN to enjoy early access, with tiered benefits for larger investments, while non-participants will face restrictions.
Chainalysis hires former IRS director to bolster the fight against financial crimes
Chainalysis, a blockchain analysis specialist, has recruited James Lee, a former director of criminal investigations at the IRS, as the new global head of capability building. Lee will contribute his extensive experience to strengthen financial crime fighting initiatives, collaborating with authorities and institutions worldwide to enhance the use of Chainalysis tools.
Binance executive refutes allegations in Nigeria
Tigran Gambaryan, a Binance executive, was detained in Nigeria on charges of money laundering and tax evasion, along with colleague Nadeem Anjarwalla. In a recent hearing, Gambaryan pleaded not guilty before the high court. While awaiting trial, bail may be requested until April 18. The detention comes amid Nigerian government allegations of Binance facilitating illegal transactions, despite the company’s denials.
Bitget launches a program to train future Web3 leaders in Europe
Bitget announced the “Bitget COO Apprentice,” an innovative program in Europe aimed at young Web3 enthusiasts, offering an immersive experience alongside the company’s leadership to enhance skills and knowledge in the sector. Part of the Blockchain4Youth initiative, the program aims to equip participants with a deep understanding of Web3, under the mentorship of experienced executives, including an educational trip to Dubai for the highlights.
Pump.fun boosts the memecoin market with innovation and profit
Pump.fun, an innovative memecoin platform, recorded $528,000 in fees in a single day last Sunday. Launched for Solana tokens (COIN:SOLUSD) in January and expanding to Ethereum Layer 2 Blast in February, the platform simplifies the creation and trading of new tokens, enabling fair and secure launches without initial liquidity. Through a unique bonding curve method, Pump.fun democratizes token trading, avoiding fraudulent practices and reducing the costs and complexities associated with traditional launches.
HashKey Group launches a global exchange with ambitious plans
After obtaining a license in Bermuda, HashKey Group, focused on digital assets in Asia, introduced HashKey Global, a digital trading platform. According to COO Livio Weng, the goal is to become one of the leading licensed exchange conglomerates within five years, surpassing current regulated ones. Already considered a unicorn, HashKey aims to expand after nearly reaching $100 million in funds, starting with spot trading of 21 assets and futures soon.
1inch launches a Web3 debit card with Mastercard support
The 1inch Network (COIN:1INCHUSD), in collaboration with Baanx (COIN:BXXUSD) and Mastercard (NYSE:MA), announced the launch of a Web3 debit card, enabling users to make purchases and ATM withdrawals using cryptocurrencies converted into fiat currency. This card aims to bridge the crypto and traditional worlds, allowing cryptographic transactions at over 160 million locations globally, expanding the accessibility and use of digital assets in daily life.
Lumoz raises funds for blockchain infrastructure expansion
Lumoz, formerly known as Opside, a platform that facilitates the launch of zk-rollups for developers, has just completed a pre-Series A funding round, reaching a valuation of $120 million. The round saw participation from major investors such as OKX Ventures and Polygon co-founder Sandeep Nailwal, totaling $6 million. Lumoz aims to provide an effective blockchain scaling infrastructure, enabling the facilitated development of zk-rollups, a vital technology for blockchain scalability and efficiency.
Polychain Capital boosts Ritual with funding for decentralized AI
Polychain Capital, a blockchain investor, made a significant contribution to Ritual, an artificial intelligence initiative that raised $25 million to decentralize AI systems. The round, initially led by Archetype, aims to counteract the dominance of major tech companies in AI, promoting a more open and collaborative approach. The exact amount invested by Polychain was not disclosed but contributes to the effort to resist censorship and collaborative innovation in the AI economy.
Advancement of Chinese asset managers with Bitcoin ETFs in Hong Kong
Two Chinese asset management giants, Harvest Fund and Southern Fund, based in Hong Kong and each managing over $200 billion, applied for authorization to introduce spot Bitcoin ETFs in the city. These developments follow Hong Kong’s willingness to accept applications for crypto ETFs, marking a significant step for local investors’ access to Bitcoin.
https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93620212/crypto-cardano-implements-critical-updates-dydx
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