Cryptocurrency Analysis and News Portal
“We view the ruling as incrementally positive for Coinbase, given the interpretation that in some cases a token may not be a security,” the bank's analysts wrote, keeping COIN’s rating at underweight with a $70 price target. "This may also provide incremental clarity for future token issuances.” Source
Read More
Binance.US opened trading for Ripple's XRP token Friday morning, joining rival crypto exchanges that listed the token on their platforms after a U.S. federal court ruled yesterday that the secondary sales of XRP on exchanges cannot be considered a security. Source
Read More
“The surge was driven in large part by investors who interpreted Judge Torres’ ruling as representing a rejection of the SEC’s argument in the lawsuit it filed against COIN on June 6 that many of the tokens bought and sold in secondary-market transactions on the company’s exchange are unregistered securities,”
Read More
“Coinbase is enabling users to easily port their conversations from any of the ~450 applications built on XMTP to Coinbase Wallet,” said Director of Product Management Siddharth Coelho-Prabhu. “Its infrastructure allows Coinbase Wallet messages to be fully permissionless and interoperable while giving users the freedom to fully own their messages
Read More
COIN-listed options saw open interest climb 14.6% to 953,393 contracts on Tuesday, data shows, a level much higher than the 52-week average of 812,568 contracts. In addition, the put-call ratio decreased by 6.1% to 1.2 in the last five days, suggesting a bullish outlook for COIN among traders. Source
Read More
Pro-Bitcoin (BTC) Investment veteran Cathie Wood is taking some profits from ARK Invest's large Coinbase (COIN) holdings by selling a small portion of its COIN stash.On July 11, Wood’s investment firm ARK offloaded 135,152 Coinbase shares ($12 million) from one of its major exchange-traded funds, the ARK Innovation ETF (ARKK).
Read More
ARK currently owns 11.03 million shares of Coinbase. Source
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In early June, the crypto market was volatile and fell. However, token prices recovered towards the end of the month, concluding the first half of the year on a positive note. COMP, the governance token of
Read More
Crypto and blockchain advocates have authored a report calling for the Hong Kong government to issue a stablecoin pegged to the country’s dollar which could challenge the dominance of Tether (USDT) and USD Coin (USDC).According to an English translation of a July 3 report provided by Chinese crypto reporter Colin
Read More
Several other pending applications, including one on behalf of BlackRock's money-management rival, Fidelity, have since been updated to name Coinbase as the partner for the surveillance-sharing agreements. The sponsor of a bitcoin trust must enter a surveillance-sharing agreement with a regulated market of significant size to secure a go-ahead from
Read More