Coinbase Gives Brink $3.6 Million to Advance Bitcoin Development
Coinbase is giving $3.6 million to the nonprofit organization Brink, which focuses on Bitcoin, to wrap up its GiveCrypto program, which aims to provide cryptocurrency to the underprivileged. GiveCrypto was shut down by the firm in December, citing its inability to make a significant impact. Although it declared that it would split the remaining funds […]
Mocaverse and KuCoin to Streamline Cross-Platform Identity
The partnership merges Mocaverse’s Moca ID, KuCoin’s accounts, and Halo’s Genesis pass to redefine on-chain identity. Mocaverse—the membership network and metaverse initiative of Animoca Brands —has formed a partnership with Web3 wallet Halo Wallet and cryptocurrency exchange KuCoin to simplify user navigation across multiple industry sectors, including SocialFi, gaming, decentralized financing (DeFi), and crypto trading. […]
Coinbase Turns Profitable for First Time in Two Years
This week, Coinbase Global Inc. saw a 17% boost as a result of multiple analysts’ positive reevaluations of the company’s financial stability. According to Bloomberg, analyst Kenneth Worthington of JPMorgan changed his opinion on the company’s shares from negative to positive, following Bitcoin’s surge in value to over $50,000 earlier this week—its highest level since […]
Cathie Wood’s Ark Invest Sells Coinbase Shares
Cathie Wood’s Ark Invest funds divested $5 million worth of Coinbase shares prior to Thursday’s Q4 earnings report. Ark Invest, a Cathie Wood-led investment management firm, implemented substantial modifications across several funds on Wednesday. Ahead of the fourth quarter earnings report, Ark Invest funds divested Coinbase shares worth millions of dollars as part of an […]
CZ’s Fate Unknown as Binance Money Laundering Case Postponed
Changpeng Zhao, better known as CZ, the mastermind behind Binance, is facing a complicated situation. He pleaded guilty to failing to maintain an effective anti-money laundering program at Binance, the world’s largest cryptocurrency exchange, on November 21. As part of his guilty plea, he agreed to resign as CEO of Binance and pay a $50 […]