ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers
Coinbase Global Inc

Coinbase Global Inc (COIN)

266.78
10.08
( 3.93% )
Updated: 14:38:28

Unlock more advanced trading tools

Join ADVFN today

Key stats and details

Current Price
266.78
Bid
266.66
Ask
266.85
Volume
8,274,807
257.91 Day's Range 270.79
46.43 52 Week Range 283.48
Market Cap
Previous Close
256.70
Open
260.21
Last Trade
41
@
266.75
Last Trade Time
14:38:29
Financial Volume
$ 2,196,239,033
VWAP
265.4127
Average Volume (3m)
14,769,434
Shares Outstanding
242,275,175
Dividend Yield
-
PE Ratio
680.85
Earnings Per Share (EPS)
0.39
Revenue
3.11B
Net Profit
94.87M

About Coinbase Global Inc

Coinbase Global, Inc., branded Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform. Coinbase is a distributed company; all employees operate via remote work and the company lacks a physical headquarters. Coinbase Global, Inc., branded Coinbase, is an American publicly traded company that operates a cryptocurrency exchange platform. Coinbase is a distributed company; all employees operate via remote work and the company lacks a physical headquarters.

Sector
Finance Services
Industry
Finance Services
Headquarters
Wilmington, Delaware, USA
Founded
1970
Coinbase Global Inc is listed in the Finance Services sector of the NASDAQ with ticker COIN. The last closing price for Coinbase Global was $256.70. Over the last year, Coinbase Global shares have traded in a share price range of $ 46.43 to $ 283.48.

Coinbase Global currently has 242,275,175 shares outstanding. The market capitalization of Coinbase Global is $64.60 billion. Coinbase Global has a price to earnings ratio (PE ratio) of 680.85.

COIN Latest News

Walgreens Slashes Annual Profit Forecast; MillerKnoll Nosedives 17% on Bleak 4Q Outlook, and Latest News

JPMorgan Chase (NYSE:JPM) – JPMorgan Chase is looking to expand its wealth management and attract more investors by introducing the Wealth Plan tool to its 54 million Chase retail clients...

Crypto: AI Token Merger, Hashdex ‘DEFI’ ETF Launch, and Latest News

Positive indicators hint at potential Bitcoin surge Bitcoin (COIN:BTCUSD) is showing promising signs of an impending uptrend. One of the evidences is the increase in the number of wallets holding...

Super Micro Computer and Seagate Shares Surge on Analyst Optimism in Pre-Market Trading, and Latest News

Super Micro Computer (NASDAQ:SMCI) – An analyst has joined the optimistic group regarding the shares of Super Micro Computer, with an increase of about 856% over the last 12 months. Rated...

Crypto: Bitcoin ETFs Experience 3 Consecutive Days of Outflows, CryptoPunk Fetches $16.42M in Sale, and More

Cryptocurrencies react positively to interest rate cut prospects The Federal Reserve’s maintenance of the federal funds rate at 5.25 – 5.50% and the indication of a balance sheet reduction...

JPMorgan boosts dividends, Chipotle unveils 50:1 stock split, and Latest News

JPMorgan Chase (NYSE:JPM) – JPMorgan surprised by increasing its dividends by 9.5%, reflecting a record profit and the potential easing of capital rules by regulators. The largest US bank...

Crypto: Bitcoin Plummets, Grayscale Promises Lower Fees, and Latest News

Bitcoin’s fall affects market and traders with forecast of more instability Bitcoin (COIN:BTCUSD) faced a sharp decline in value over the last 24 hours, hovering around $64,329.32 at the...

Crypto: Solana Surges to $200, Base Explodes Post-Dencun Update, and Latest News

Solana hits $200 with network growth For the first time since November 2021, Solana’s cryptocurrency (COIN:SOLUSD) surpassed the $200 mark, driven by growing activity on the network and...

Coinbase Announces Pricing of Upsized Offering of $1.1 Billion of 0.25% Convertible Senior Notes Due 2030

Coinbase Global, Inc. (“Coinbase”) (Nasdaq: COIN) today announced the pricing of $1.1 billion aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering...

Crypto: Toncoin Surges Following Telegram’s IPO Plans, Coinbase Secures $1 Billion via Convertible Bonds, and More News

Toncoin soars after Telegram’s IPO announcement Toncoin (COIN:TONCOINUSD), the cryptocurrency of the TON Network, saw its price surge over 70% in just two days following an announcement by...

Intel Loses Pentagon Funding, Shell Plans 20% Business Team Reduction, and Latest News

Intel (NASDAQ:INTC) – The Pentagon has decided not to proceed with a plan to allocate up to $2.5 billion in chip subsidies to Intel, shifting the responsibility to another federal agency...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
16.542.5130648632260.24283.48249.5512253589264.82860705CS
460.4529.2977269423206.33283.48193.8815415122242.97934104CS
12114.2674.9147652767152.52283.48114.5114769434184.15257026CS
26194.19267.51618680372.59283.4870.4112898666153.40157883CS
52204.47328.14957470762.31283.4846.4313022986111.99564743CS
156-114.22-29.9790026247381429.5231.5511250980113.50236383CS
260-114.22-29.9790026247381429.5231.5511250980113.50236383CS

Market Movers

View all
  • Most Active
  • % Gainers
  • % Losers
SymbolPriceVol.
AVTXAvalo Therapeutics Inc
$ 25.29
(432.42%)
23.8M
XLOXilio Therapeutics Inc
$ 1.4592
(128.36%)
29.79M
NXLNexalin Technologies Inc
$ 1.705
(118.59%)
7.36M
CEROCERo Therapeutics Holdings Inc
$ 2.85
(74.85%)
19.27M
BDRXBiodexa Pharmaceuticals PLC
$ 1.49
(73.46%)
84.26M
BOLDBoundless Bio Inc
 15.15
(-74.74%)
567.13k
PMECPrimech Holdings Ltd
$ 1.3799
(-64.44%)
6.81M
GMDAGamida Cell Ltd
$ 0.0365
(-38.34%)
77.57M
NBSTWNewbury Street Acquisition Corporation
$ 0.042279
(-38.28%)
1.75k
TNXPTonix Pharmaceuticals Holding Corporation
$ 0.2189
(-33.04%)
16.79M
NKLANikola Corporation
$ 1.025
(12.75%)
141.62M
BDRXBiodexa Pharmaceuticals PLC
$ 1.49
(73.46%)
84.26M
GMDAGamida Cell Ltd
$ 0.0365
(-38.34%)
77.57M
MARAMarathon Digital Holdings Inc
$ 22.975
(4.10%)
72.2M
AKANAkanda Corporation
$ 0.1439
(-12.73%)
69.11M

COIN Discussion

View Posts
Zilidium Zilidium 4 hours ago
In the modern era, backing a currency with a single commodity (gold) is seen as less practical due to the complexities of global economies, the need for monetary policy, flexibility, and the challenges of maintaining adequate reserves to support the currency in circulation. Many economists, would argue that returning to a gold backed system would limit economic growth and lead to deflation. 6.3 billion ounces (one estimate) of gold have been removed from the earth (in all history), at today's prices ~$2200 that would put all the gold in the entire world worth slightly more than 14 trillion ($14,067,312,644,231.22). So it seems that if the gold standard were to return, we would experience a bit of economic deflation,

Moreover, with the rise of digital currencies and assets, there's a growing interest in exploring new forms of value backing. However, these ideas are still in the exploratory phase and come with their own set of challenges and uncertainties.

Could crypto be considered suitable for backing a currency, it should ideally have the following characteristics:

Stability: The commodity should be relatively stable and not be prone to extreme fluctuations.
Scarcity: It should be rare enough to be valuable but not so rare that it's not accessible for the purposes of backing a currency.
Acceptance: The commodity should be widely accepted and recognized for its value.
Durability: It needs to be long-lasting and not prone to deterioration over time.
Divisibility: The commodity should be easily divisible to facilitate transactions of various sizes.

one day, maybe.

👍️0
Investors3 Investors3 2 days ago
What is crypto good for, anyway?
By Brian Armstrong / Company, March 19, 2024

Pundits frequently state that crypto doesn't have any real utility, beyond speculation and illicit activity. Yet over 50 million Americans and 400 million people globally have purchased crypto, and the best data we have from third parties says illicit activity accounts for less than 0.5% of transaction volume. So what exactly are all these people doing with it?

It's true that many are initially attracted to cryptocurrencies as an investment, and speculation has caused many to rush in. But what is the underlying idea that is driving the interest?

In the early 1970s the US (like many countries before) removed any link between the dollar and a hard commodity like gold. For over 50 years, a familiar pattern that we’ve seen throughout history has played out in the US: the government spends more than it earns because it can print money for “free”, and years or decades later, people pay the price through high inflation and stagnation.

The average person may not understand the nuances of quantitative easing and federal budget deficits, but they do notice rising prices of gas, food, and education, and they increasingly have a sense that something is amiss in our economy. In fact, 87% of Americans feel the current financial system needs an update. More than half of younger Americans use the system just sometimes or not at all.

This brings us to the first, and arguably most important, use case for cryptocurrency, which is that a cryptocurrency like bitcoin, is a return to sound money. Like gold, bitcoin is not a national currency backed by a single government. Inflation is a regressive tax in America and abroad, harming the poorest people in society the most. Bitcoin is hard money with a fixed supply, and is a solution to this problem. If inventing digitally native sound money were the only utility of crypto, it would still be a world changing technology, but that is just the start.

For the last 5+ years, the crypto industry has been hard at work building the infrastructure to update our financial system and expand the utility of crypto. The use cases are no longer future promises; they are here today. Here are a few of the most popular examples:

* Digitizing the dollar. Despite high demand for the dollar in many regions around the world, many can't open USD bank accounts, until the adoption of dollar backed "stablecoins", which now exceeds $100 billion. A digital dollar, like USDC, is essential for our global competition with China, which began investing in a digital Yuan in 2019.

* Fast, cheap, global payments. Merchants still lose about 2% on every credit card transaction, wire transfers cost $30, and many transactions in the U.S. still take days to clear. As blockchains have scaled using "Layer 2" solutions, you can now send USDC in one second, anywhere in the world, for about one cent. Dollar backed stablecoins transactions are approaching $9 trillion in annual volume (more than Mastercard, American Express, and Discover combined).

* A Business Model For Creatives. NFTs have reached over $62 billion in all time sales, and are allowing artists to have direct relationships with their fans, cutting out expensive middlemen. Whether for music, games, visual art, or video, crypto helps establish digital provenance to ensure artists get paid.

* Decentralized social media. While still early, decentralized social (or DeSo) ensures you own our own data, instead of it being controlled by big tech, and you can never be censored. Each post is digitally signed, proving who the original author is, to help combat fake content made possible with AI. Anyone can build a front end interface, using the same shared data set of all social media posts.

Crypto isn’t just a new asset class – it’s the future of money. Today’s system is clogged with middlemen, high fees, delays, and other inefficiencies that make the system hard to access and unfair.

The future of money is more open, free, efficient, and it’s powered by crypto. Crypto is the most important technology we have to update our global financial system, and it can move America forward. In fact, it's critical to ensuring the dollar's future status as a reserve currency, and America's status as a technology and financial hub.

Embracing crypto, and creating clear regulatory rules for crypto is the most patriotic thing Americans can do. If you're a crypto holder in the U.S., consider joining StandWithCrypto.org to help ensure pro-crypto candidates get elected in upcoming elections. If you're a policymaker, help drive regulatory clarity in the U.S. which protects consumers and fosters innovation. You can support bipartisan legislation like the Clarity for Payment Stablecoins Act, the Financial Innovation and Technology for the 21st Century Act, and the Responsible Financial Innovation Act. Crypto needs fit-for-purpose rules, and the time to act is now.

https://www.coinbase.com/blog/what-is-crypto-good-for-anyway?__cf_chl_rt_tk=UhAoD.2EYYmov4Pn.l5OjuYGs5pw4LmZR3tWpw0SCTI-1711478745-0.0.1.1-1663
👍️0
InspectorBullit InspectorBullit 3 days ago
Hit my forecast for today.
👍️0
deepdj011 deepdj011 3 days ago
Next Level +11 % !
👍️0
Minddoc7 Minddoc7 3 days ago
That's why I've been adding on the dips. Thanks for the link. GLTA!
👍️0
starman2 starman2 3 days ago
Must Read....

https://www.forbes.com/sites/digital-assets/2024/03/22/fed-triggers-a-huge-bitcoin-price-pump-as-blackrock-quietly-launches-5-trillion-by-2030-game-changer-that-could-boost-ethereum-xrp-and-crypto/
👍️0
InspectorBullit InspectorBullit 4 days ago
Up 20-30 bucks per share tomorrow.
800 bucks EOY.
👍️0
deepdj011 deepdj011 4 days ago
BTC gets over the Rainbow ! The Next Days ! $ 120000 !!!
👍️ 1
Minddoc7 Minddoc7 6 days ago
Watching for a possible buying opportunity today. GLTA!
👍️0
Minddoc7 Minddoc7 1 week ago
I missed yesterday's buying opportunity. GLTA!
👍️0
Mother Lode Mother Lode 1 week ago
CEO of Coinbase just said they are partnering with Compass Coffee A local DC/VA coffee house to accept stable coin as payment. Detail to be provided tomorrow at conference in DC (fox Business 5 minutes ago)
👍️0
Investors3 Investors3 2 weeks ago
Coinbase Announces Pricing of Upsized Offering of $1.1 Billion of 0.25% Convertible Senior Notes Due 2030
March 13 2024 - 08:03PM
Business Wire

Coinbase Global, Inc. (“Coinbase”) (Nasdaq: COIN) today announced the pricing of $1.1 billion aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $1.0 billion. Coinbase also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $165.0 million principal amount of notes, solely to cover over-allotments. The sale of the notes to the initial purchasers is expected to settle on March 18, 2024, subject to customary closing conditions, and is expected to result in approximately $1.08 billion (or approximately $1.24 billion if the initial purchasers exercise their option to purchase additional notes in full) in net proceeds to Coinbase after deducting the initial purchasers’ discounts and commissions and estimated offering expenses payable by Coinbase.

Coinbase intends to use the net proceeds from the offering to repay at maturity, or repurchase or redeem prior to maturity, from time to time and subject to market conditions, its outstanding 0.50% Convertible Senior Notes due 2026, 3.375% Senior Notes due 2028, and 3.625% Senior Notes due 2031 and for other general corporate purposes, which may include working capital and capital expenditures, and to pay the cost of the capped call transactions. If the initial purchasers exercise their option to purchase additional notes, Coinbase expects to use a portion of the net proceeds from the sale of such additional notes to enter into additional capped call transactions. Coinbase may also use a portion of the net proceeds to make investments in and acquisitions of other companies, products or technologies that Coinbase may identify from time to time.

The notes will be senior, unsecured obligations of Coinbase. The notes will bear interest of 0.25% per year payable semi-annually in arrears on April 1 and October 1 of each year, beginning on October 1, 2024. The notes will mature on April 1, 2030, unless earlier repurchased, redeemed or converted. Coinbase may not redeem the notes prior to April 1, 2027. Coinbase may redeem all or any portion of the notes (subject to certain limitations), at its option, on or after April 1, 2027 and on or before the 20th scheduled trading day immediately before the maturity date, if the last reported sale price of Coinbase’s Class A common stock exceeds 130% of the conversion price then in effect on (1) each of at least 20 trading days (whether or not consecutive) during the 30 consecutive trading days ending on, and including, the trading day immediately before the date Coinbase sends the related redemption notice; and (2) the trading day immediately before the date Coinbase sends such notice, at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the notes, which means that Coinbase is not required to redeem or retire the notes periodically. Subject to a limited exception, holders of the notes will have the right to require Coinbase to repurchase for cash all or a portion of their notes upon the occurrence of a fundamental change (as defined in the indenture governing the notes) at a purchase price of 100% of their principal amount plus any accrued and unpaid interest.

The notes will be convertible at an initial conversion rate of 2.9981 shares of Coinbase’s Class A common stock, per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $333.54 per share of Class A common stock, which represents a conversion premium of approximately 32.5% to the last reported sale price of $251.73 per share of Coinbase’s Class A common stock on The Nasdaq Global Select Market on March 13, 2024).

Prior to the close of business on the business day immediately preceding October 1, 2029, the notes will be convertible at the option of the noteholders only upon the satisfaction of specified conditions and during certain periods. On or after October 1, 2029 until the close of business on the second scheduled trading day preceding the maturity date, the notes will be convertible at the option of the noteholders at any time regardless of these conditions. Conversions of the notes will be settled in cash, shares of Coinbase’s Class A common stock, or a combination thereof, at Coinbase’s election.

In connection with the pricing of the notes, Coinbase entered into privately negotiated capped call transactions with certain of the initial purchasers or their affiliates and/or other financial institutions (the “option counterparties”). The capped call transactions cover, subject to customary adjustments, the number of shares of Coinbase’s Class A common stock that will initially underlie the notes. The capped call transactions are expected generally to reduce the potential dilution to Coinbase’s Class A common stock upon any conversion of the notes and/or offset any potential cash payments Coinbase is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to a cap. The cap price of the capped call transactions is initially approximately $503.46 per share, which represents a premium of 100% over the last reported sale price of Coinbase’s Class A common stock of $251.73 per share on March 13, 2024, and is subject to certain adjustments under the terms of the capped call transactions.

Coinbase has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Coinbase’s Class A common stock and/or purchase shares of Coinbase’s Class A common stock concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Coinbase’s Class A common stock or the notes at that time. In addition, Coinbase has been advised that the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Coinbase’s Class A common stock and/or purchasing or selling Coinbase’s Class A common stock or other securities of Coinbase in secondary market transactions following the pricing of the notes and from time to time prior to the maturity of the notes (and are likely to do so during the relevant valuation period under the capped call transactions or following any early conversion of the notes, any repurchase of the notes by Coinbase on any fundamental change repurchase date, any redemption date or any other date on which the notes are retired by Coinbase, in each case if Coinbase exercises its option to terminate the relevant portion of the capped call transactions). This activity could also cause or avoid an increase or a decrease in the market price of Coinbase’s Class A common stock or the notes, which could affect the ability of noteholders to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of the notes, it could affect the number of shares of Class A common stock, if any, and value of the consideration that noteholders will receive upon conversion of the notes.

The notes were only offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act by means of a private offering memorandum. Neither the notes nor the shares of Coinbase’s Class A common stock potentially issuable upon conversion of the notes, if any, have been, or will be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from such registration requirements.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of the notes or any shares of Class A common stock potentially issuable upon conversion of the notes and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful.

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.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” including, among other things, statements relating to the completion of the offering, the potential effects of entering into capped call transactions, and the expected use of proceeds from the offering. Statements containing words such as “could,” “believe,” “expect,” “intend,” “will,” or similar expressions constitute forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, whether or not Coinbase will consummate the offering, prevailing market conditions, the anticipated use of the net proceeds of the offering, which could change as a result of market conditions or for other reasons, the impact of general economic, industry or political conditions in the United States or internationally, and whether the capped call transactions will become effective. The foregoing list of risks and uncertainties is illustrative, but is not exhaustive. For information about other potential factors that could affect Coinbase’s business and financial results, please review the “Risk Factors” described in Coinbase’s Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (the “SEC”) and in Coinbase’s other filings with the SEC. Except as may be required by law, Coinbase undertakes no obligation, and does not intend, to update these forward-looking statements after the date of this release.



View source version on businesswire.com: https://www.businesswire.com/news/home/20240313516156/en/

Press: press@coinbase.com
Investors: investor@coinbase.com

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93484712/coinbase-announces-pricing-of-upsized-offering-of
👍️0
Minddoc7 Minddoc7 2 weeks ago
Tough to be short. Thanks for the links. GLTA!
👍️0
starman2 starman2 2 weeks ago
https://www.tradingview.com/news/coindesk:a599f71fb094b:0-coinbase-plans-1b-bond-sale-that-avoids-hurting-stock-investors-copying-michael-saylor-s-successful-bitcoin-playbook/
👍️0
starman2 starman2 2 weeks ago
https://www.tradingview.com/news/coindesk:a599f71fb094b:0-coinbase-plans-1b-bond-sale-that-avoids-hurting-stock-investors-copying-michael-saylor-s-successful-bitcoin-playbook/
👍️0
starman2 starman2 2 weeks ago
https://www.coindesk.com/tech/2024/03/12/coinbase-gets-another-upgrade-this-time-at-raymond-james-as-bears-capitulate/
👍️0
starman2 starman2 2 weeks ago
Glad to hear you averaged down. Thank you and gltu as well.
👍️0
Minddoc7 Minddoc7 2 weeks ago
Based on lvhd posts, he's been shorting COIN sine late 2023. I can feel his pain. I was hurting after buying COIN at the IPO, but fortunately have averaged down over the last few years. GLTA!
👍️0
starman2 starman2 2 weeks ago
I'm a fairly new investor in coinbase and I am happy with my purchase point of $126 a share 😀
👍️0
Minddoc7 Minddoc7 2 weeks ago
Neither did I, but I did average down over the last few years and I'm pleased with my current position. GLTA!
👍️0
starman2 starman2 2 weeks ago
I wish
👍️0
lvhd lvhd 2 weeks ago
Did you buy under 50? LOL
👍️0
starman2 starman2 2 weeks ago
Always buy when people cry.
👍️0
lvhd lvhd 2 weeks ago
Keep buying. Offering hit
👍️0
starman2 starman2 2 weeks ago
Just buying
👍️0
highstakes highstakes 2 weeks ago
Just watching.
👍️0
Minddoc7 Minddoc7 3 weeks ago
Very nice looking one month chart. GLTA!
👍️0
Minddoc7 Minddoc7 3 weeks ago
A parabolic move! Hold on, the run is continuing! GLTA!
👍️0
Minddoc7 Minddoc7 3 weeks ago
Goldman Sachs Upgrades Coinbase Global to Neutral From Sell, Adjusts Price Target to $282 From $170
6:35 AM ET 3/8/24 | MT Newswires
👍️0
Minddoc7 Minddoc7 3 weeks ago
Mother Lode, see this morning's post #3942.
👍️ 2
Minddoc7 Minddoc7 3 weeks ago
COIN up over 5% in pre-market. Saw on TV this morning that economists expect BITCOIN to exceed $100K by end of 2024. GLTA!
👍️ 1
Minddoc7 Minddoc7 3 weeks ago
Horrible day in the Markets, today's Barrons article and the recent tremendous run by COIN resulted in today's pull back. However, considering the pps is up 2+% in after market trading, IMO, it is likely to be temporary. Possibly, just another buying opportunity, too. GLTA!
👍️0
Minddoc7 Minddoc7 3 weeks ago
It will surely be a diamond in the sector which is why I bought at the IPO and have added along the way. GLTA!
👍️0
chrispy2468 chrispy2468 3 weeks ago
COIN is to be the AAPL of the Crypto era
👍️0
starman2 starman2 3 weeks ago
🔥 🔥 🔥
👍️0
Minddoc7 Minddoc7 3 weeks ago
I added to my holdings at the day's end. GLTA!
👍️ 2
Investors3 Investors3 3 weeks ago
Crypto: Meme Coins Dominate Crypto Market, Bitcoin Surpasses $67K, and Latest News
March 04 2024 - 01:02PM
IH Market News

Rise of Bitcoin and impact on the crypto market

On Monday, Bitcoin (COIN:BTCUSD) approached its record value, with an increase of almost 6,8%, reaching $ 67.479. Ether (COIN:ETHUSD) also saw a modest increase of 1.6% to $3,581. After a weekend pause, both cryptocurrencies resumed their upward momentum, driven by the introduction of new bitcoin ETFs and increasing demand. This movement reinforces a trend where major price fluctuations occur during the week, rather than over the weekend. The long-term outlook remains optimistic, especially with the post-halving supply reduction and growing adoption of ETFs.

“Even in its historical maximum region, BTC has not yet shown signs of fatigue. The main way to identify a price reversal is by an increase in supply while the price rises, which is not happening. Even after several days of strong gains, demand continues to be much greater than supply. According to on-chain data, approximately 87% of bitcoins purchased at this time are not for sale! This is the same percentage we saw, for example, when BTC was at $20k. I believe we will reach $80k quite easily, and who knows, end the year at $100k,” commented analyst Fernando Pereira from Bitget.

Moreover, enthusiasm in the cryptocurrency market was amplified by significant gains in related stocks and a resurgence in interest in meme coins.

Meme coins steal the spotlight with impressive gains

Meme coins overshadowed other assets this week, with Pepecoin (COIN:PEPEUSD) soaring 37.2% on Monday alone, accumulating a weekly appreciation of more than 490%. This movement followed the wave of enthusiasm generated by Dogecoin (COIN:DOGEUSD) and Bonk (COIN:BONKUST), pushing the trading volumes of these thematic tokens to new records of $3.6 billion, with weekly gains of 109% and 275% respectively. In comparison, SHIB appreciated 252% in the last 7 days, even with new updates in its ecosystems.

DeFi at the forefront of crypto revitalization, according to Bernstein

Bernstein Research predicts a strong rebound in the cryptocurrency market, with decentralized finance (DeFi) leading this recovery. The report highlights that DeFi, considered the future of blockchain finance, will recover significantly. Six of the top ten revenue-generating protocols belong to the DeFi sector, such as Uniswap (COIN:UNIUSD) and Aave (COIN:AAVEUSD). Unlike the past, where the sector was marked by unsustainable yields, a real return and clearer regulation are now expected, which could attract major asset managers to consider DeFi ETFs and active funds, further promoting the growth and adoption of the sector.

Tether USDT approaches $100 billion in market value

The stablecoin Tether (COIN:USDTUSD) is nearly reaching $100 billion in market value for its USDT stablecoin, after a 9% increase this year. This growth was driven by the recent issuance of 1 billion USDT by Tether Treasury, intended to replenish the Ethereum network, according to Tether CEO Paolo Ardoino. This advance reflects the growing interest from investors and the use of USDT as a hedge against currency volatility in developing countries, in addition to the preference for USDT on the Tron network, due to lower transaction fees, contributing to its expansion in the market.

BitMEX reports significant flows in GBTC and Bitcoin ETFs

In early March, for the first time since February 21, BitMEX recorded net outflows, highlighted by a withdrawal of $140 million in one day, influenced by a $492 million reduction in the Grayscale Bitcoin Trust (AMEX:GBTC), one of the largest daily movements ever seen. Despite these considerable outflows, the reduction in Assets Under Management (AUM) of GBTC was relatively moderate, falling from $28.6 billion to $27 billion, thanks to the appreciation of Bitcoin since the ETF’s launch in January. Its annual fee revenues reach $398 million, surpassing the new ETFs. Meanwhile, the BlackRock ETF (NASDAQ:IBIT) had modest inflows of $203 million on March 1, raising its total to $8 billion, equivalent to about 165,000 Bitcoins.

Morgan Stanley seeks to include Bitcoin in institutional funds

Morgan Stanley (NYSE:MS), a banking giant and wealth manager, plans to incorporate Bitcoin into its institutional funds, as revealed in a document to the SEC. The strategy includes investing indirectly in Bitcoin through ETFs in 13 investment vehicles, with a maximum allocation of 25% in Bitcoin ETFs. The bank highlights risks similar to direct investments in cryptocurrencies, while expanding the adoption of recently launched spot Bitcoin ETFs.

Worldcoin attracts millions of users despite privacy concerns

Worldcoin (COIN:WLDUSD), co-founded by Sam Altman, is expanding rapidly, reaching almost 4 million users in less than a year, even facing questions about privacy. The project, which uses iris scanning to validate human identity, has integrated with platforms like Minecraft and Reddit. Despite scrutiny over data collection practices in various regions, including South Korea, the WLD token maintained its value, benefiting from advances by OpenAI, a sister company of the project.

Ether.Fi invests heavily in the security of the Omni Network

Ether.Fi announced an investment of $600 million in Ether to support the security of the Omni Network, a blockchain developed to facilitate communication between various Ethereum rollups, ensuring low latency and security. The commitment is part of the EigenLayer security model, with the Ether being reinvested in this platform. As part of the agreement, the Omni Network will include the Ether.Fi eETH token (COIN:EETHETH) in its list and select its node operators for the validated service. This Ether deposit will serve as a guarantee against potential security failures. This move follows a recent $23 million fundraising by Ether.Fi and highlights the growth of the liquid staking market, driven by EigenLayer, where the total value locked (TVL) jumped to $10 billion.

Bitdeer unveils new Bitcoin mining chip

Bitdeer Technologies (NASDAQ:BTDR), based in Singapore, announced the successful development of an innovative Bitcoin mining chip, SEAL01, with 4-nanometer technology, intended for its future Sealminer A1 platform. This chip, promising an energy efficiency of 18.1 J/TH, aims to improve performance and reduce energy consumption, benefiting the environment and lowering operational costs. The launch date of the platform remains undefined.

Ark Invest reduces stake in Coinbase

Last week, Ark Invest sold 217,305 shares of Coinbase (NASDAQ:COIN), valued at $44.7 million, from its ARK Innovation ETF (AMEX:ARKK), adjusting the composition of the fund in light of COIN’s appreciation. On Wednesday alone, 86,298 shares were traded, exceeding $17 million. This move comes in a context of strong performance by Coinbase, whose shares rose 31% in the week and 72% in the month, despite a recent technical issue on the platform.

Coinbase executive challenges judicial decision on crypto assets

Paul Grewal, legal chief of Coinbase (NASDAQ:COIN), questioned the relevance of a judicial decision that defined certain crypto assets as securities, related to an insider trading case involving former Coinbase employees. The decision stemmed from the actions of Ishan Wahi, accused by the SEC of leaking information about future listings. Grewal argued that decisions made in absentia have little precedential value and criticized the SEC’s approach of not directly confronting those who could refute its claims.

Binance under investigation in Nigeria for financial allegations

Binance CEO Richard Teng was summoned by a committee of the Nigerian House of Representatives to discuss allegations of money laundering and terrorism financing by March 4. The summons follows the detention of two Binance executives in the country, amid accusations by the Nigerian central bank of contributing to an economic crisis by facilitating the exit of $26 billion in untraceable funds. Authorities are considering a fine of up to $10 billion, while the committee threatens action if Binance fails to appear.

Fraud alert in Hong Kong against BitForex

The Hong Kong regulatory authority issued an alert about BitForex, suspected of fraudulent activities, after the cryptocurrency platform went offline on February 23, with allegations of withdrawing $57 million from its wallets. BitForex, previously warned in Japan for operating without registration, faces scrutiny in Hong Kong, a region seeking leadership in digital assets while combating fraud. The commission called for police action following reports of users being locked out of their accounts.

Russian Alfa-Bank advances in the use of digital assets

Alfa-Bank, a major Russian bank, is set to launch an innovative Digital Financial Asset (DFA), tracking four main assets in Russia. The new asset, issued on the bank’s “A-Token” platform, will cover stocks, bonds, gold, and money market instruments. Developed in collaboration with Alpha Capital Asset Management, the DFA “Evergreen Portfolio” aims to offer attractive returns and stable capital growth to investors. This initiative reflects Russia’s advancement in digital assets, balancing potential gains with market volatility mitigation.

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93414441/crypto-meme-coins-dominate-crypto-market-bitcoin
👍️0
Investors3 Investors3 3 weeks ago
Coinbase up 6.5% in premarket amid Bitcoin rally
March 04 2024 - 08:29AM
IH Market News

Shares of Coinbase Global (NASDAQ:COIN) moved in lockstep with Bitcoin’s gains which surpassed the $65,000 mark on Monday.

The recently approved Bitcoin exchange-traded funds (ETFs) and the upcoming April halving propelled the world’s largest digital token to its two-year high.

The company stock surged 6.5% to sell at $218.19 apiece at 7:46 am ET.

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93412095/coinbase-up-6-5-in-premarket-amid-bitcoin-rally
👍️0
Minddoc7 Minddoc7 3 weeks ago
For those of them that reside in High-Rise buildings, lock your windows! No empathy here for Shorts!
👍️0
Mt. Blanc Mt. Blanc 3 weeks ago
Shorts are tiptoeing on hot coals.

Has to be painful.

mb
👍️0
Minddoc7 Minddoc7 3 weeks ago
Up over 6% in pre-market. GLTA!
👍️0
WolfOfGrnStreet WolfOfGrnStreet 4 weeks ago
Cold Storage is Key!
👍️0
Investors3 Investors3 4 weeks ago
Coinbase to Participate in the Morgan Stanley Technology, Media and Telecom Conference
February 28 2024 - 08:05AM
Business Wire

Coinbase Global, Inc. announced today that Brian Armstrong, Co-Founder and CEO, and Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Technology, Media and Telecom Conference on Wednesday, March 6, 2024 at 3:35 p.m. PT / 6:35 p.m. ET.

A live webcast and replay of the virtual session will be available on Coinbase’s Investor Relations website at https://investor.coinbase.com.

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

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 for 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. Together with the crypto community, we also 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/20240228185032/en/

Press:
press@coinbase.com

Investor Relations:
investor@coinbase.com

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/93378351/coinbase-to-participate-in-the-morgan-stanley-tech
👍️0
Mother Lode Mother Lode 4 weeks ago
"The sharp rise has fueled renewed interest in apps like Coinbase, which allows users to buy, sell, and hold crypto products in a digital wallet. This rapid increase in demand, including from more casual crypto investors, have seemingly contributed to the app's current issues, as Coinbase says the app is experiencing issues from high traffic."

https://finance.yahoo.com/news/following-bitcoin-surge-coinbases-app-180358961.html
👍️0
Minddoc7 Minddoc7 4 weeks ago
Lets see if at closing today the pps can hold above $200.00 and provide COIN with a firmer launching base. GLTA!
👍️0
Jayplayer Jayplayer 4 weeks ago
Check you balances, they are working on it..
👍️ 1
KICK1 KICK1 4 weeks ago
Haha
👍️0
Minddoc7 Minddoc7 1 month ago
No, but the impression was that it's not in the too distant future.
👍️0
Mother Lode Mother Lode 1 month ago
did he give a time frame?
👍️0
Minddoc7 Minddoc7 1 month ago
CNBC today: Joe Kernen & Anthony Scaramucci had a very positive segment on crypto. Scaramucci thinks bitcoin could eventually be at $200,000. GLTA!
👍️0

Your Recent History

Delayed Upgrade Clock