Cryptocurrency Analysis and News Portal
As Brazil and Argentina started preparatory work for a potential common currency, Coinbase CEO Brian Armstrong floated the idea of the two countries moving to Bitcoin (BTC). This sparked various discussions over the viability of BTC as a national currency. On Jan. 22, the two South American countries announced their preparations
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Cryptocurrency exchange Coinbase won’t escape from the profitability challenges it will face from the crypto market downturn, despite having a strong brand and credibility in the crypto market, according to investment analysts.Credit rating firm Moody’s released a note on Coinbase on Jan. 19 discussing its downgrade of Coinbase’s senior debt
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Shares of Coinbase dropped 86% in 2022, partly because trading volume for cryptocurrencies, which continues to be Coinbase’s main revenue stream, slowed after crypto prices dropped sharply during the year, and crypto firms including Three Arrows Capital, Celsius Network and FTX collapsed. Source
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Digital Currency Group, a crypto conglomerate that owns CryptoX, is suspending its dividends until further notice. "In response to the current market environment, DCG has been focused on strengthening our balance sheet by reducing operating expenses and preserving liquidity. As such, we have made the decision to suspend DCG's quarterly
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Coinbase says that its customers in Japan have a 1-month deadline to withdraw all holdings, as operations would cease after that. According to recent reports, Coinbase Global Inc (NASDAQ: COIN) is halting operations in Japan due to volatile market conditions. The leading American crypto exchange also said it would conduct a
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Customers have until Feb. 16 to withdraw their fiat and crypto holdings from the exchange. Original Source
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Despite Bitcoin (BTC) returning to pre-FTX collapse price levels, the contagion still affects the industry, forcing Coinbase cryptocurrency exchange to close operations in Japan.Coinbase officially announced on Jan. 18 that the firm will be terminating operations in Japan and conduct a complete review of its business in the country due
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The share price of cryptocurrency exchange Coinbase has surged by 69% since its all time lows and other crypto-related stocks including business intelligence firm MicroStrategy have recorded similar jumps with green candles all around since the start of 2023.The share price of Coinbase fell as low as $31.95 on Jan.
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The Coinbase premium indicator suggests buyers from the Nasdaq-listed entity have played a big role in lifting the cryptocurrency. However, they were not the only buyers. Original Source
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Live from the World Economic Forum in Davos, Switzerland, Tom Duff Gordon, vice president on International Policy, discusses why the fall of FTX put crypto on policymaker’s radar. Source
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