Coinbase, Circle Advocate for US Action Against Tether
Executives from Coinbase and Circle have urged US authorities to step up their efforts against Tether and other offshore cryptocurrency companies that don’t follow the law. The head of Financial Crimes Legal at Coinbase, Grant Rabenn, addressed the problem of criminals using overseas platforms to get around the stringent anti-money laundering (AML) regulations imposed on […]
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 […]
Coinbase Introduces Perpetual Futures for DOT, ICP, NEAR Protocol
Coinbase has launched perpetual futures contracts for Polkadot (DOT), Internet Computer (ICP), and NEAR Protocol (NEAR), trading for users on the Coinbase Advanced and Coinbase International Exchange platforms. Traders and investors can anticipate these markets to go live on February 22, 2024, at or after 10 a.m. UTC. Coinbase’s action highlights its dedication to augmenting […]
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 […]
ARK Invest Sells Coinbase, Robinhood Shares for First Time in 2024
Spot Bitcoin exchange-traded fund (ETF) issuer ARK Invest has sold major cryptocurrency-related stocks, including those of Coinbase and Robinhood, for the first time this year. ARK divested 214,068 Coinbase (COIN) shares and 119,394 Robinhood (HOOD) shares from its ETFs on February 14, according to a trade notification that Cointelegraph obtained. The trading firm divested 152,600 […]