Coinbase to Offer $1 Billion in Convertible Senior Notes
Coinbase Global Inc., a Nasdaq-listed crypto trading firm, has disclosed its intention to issue Convertible Senior Notes with a face value of $1 billion. American cryptocurrency exchange, Coinbase Global Inc. intends to investigate convertible senior notes as a potential new capital-raising method. The Coinbase Convertible Senior Notes Coinbase alluded to its intention of issuing convertible senior […]
Backpack Crypto Exchange Expands Services To UK
Backpack crypto exchange, a former FTX executive, enhances its international presence by expanding in the UK, marking a significant milestone in the cryptocurrency market. Under the leadership of former FTX and Alameda Research employees, Backpack Exchange has established itself as a competitor in the United Kingdom market, demonstrating its exponential growth since its establishment. This […]
Coinbase’s Bitcoin Market Share Rises to 60% Post ETF Approval
After the approval of Spot Bitcoin ETFs , Coinbase has seen a surge in dominance within the U.S. market with respect to BTC share. This increase may be attributable to Coinbase’s decision to act as a custodian for eight of the eleven recently authorized Bitcoin ETFs. Coinbase’s market share of Bitcoin has increased dramatically from 47% […]
Philippine NTC Blocks Unlicensed Crypto Exchange Websites
The Philippine National Telecommunications Commission (NTC) has blocked access to the websites of cryptocurrency companies offering investment products in the country without the proper licenses. One of the leading internet service providers in the country has rendered the websites of cryptocurrency firms MiTrade and OctaFX inaccessible, according to a report by the local media outlet […]
Coinbase Challenges Sec’s Judgment on Secondary Crypto Sales
Coinbase’s lawyers have asked a U.S. court to revoke a previous judgment by the SEC that labeled secondary crypto sales as security transactions. The exchange cited a case study to support its request. Coinbase, the largest crypto exchange in the U.S., is still locked in a legal battle with the Securities and Exchange Commission (SEC), […]