ARK Buys $2.5 Million in Coinbase Shares as COIN Continues Rally
Coinbase shares are up 8.5% on-week, and 20% in the last 30 days. Source
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Coinbase
Coinbase Shutting Down Most Crypto Services in Japan After Series of Job Cuts Globally – Bitcoin News
The Nasdaq-listed cryptocurrency exchange Coinbase is closing down most of its operations in Japan after announcing another round of job cuts globally. “Despite everything we’ve been through as a company and an industry, I’m still optimistic about our future and the future of crypto,” Coinbase CEO Brian Armstrong insisted. Coinbase Winding
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Cathie Wood's ARK Adds Nearly $3.3M Shares of Coinbase
The second purchase of Coinbase’s shares in a week comes as the exchange continues a week-long rally. Source
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Coinbase Junk Bonds Further Downgraded by S&P on Weak Profitability, Regulatory Risks
“We believe FTX’s bankruptcy in November has severely hit the crypto industry’s perceived credibility, causing a lack of retail engagement,” S&P wrote. “As a result, trading volumes across exchanges, including Coinbase, have declined sharply.” Source
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As Crypto Crashes, Coinbase Bets Big on Europe
Coinbase is leveraging its status as the lone public crypto exchange in a die-or-die play to increase market share across Europe.Without a steady stream of new users, the company may not survive. Source
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Coinbase Could Be One of Crypto’s Long-Term Survivors: Oppenheimer
According to him, if the U.S. Federal Reserve continues to raise interest rates, half of Coinbase’s revenue could be made up of the exchange’s subscription services, which are tied to a partnership with stablecoin issuer Circle. In addition, the “many positives” that have yet to be priced into the exchange’s
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Coinbase Rally May Be a Selling Opportunity, Says Bank of America
Analyst Jason Kupferberg downgraded the crypto exchange to underperform from neutral, saying 2023 estimates are still too high. Original Source
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Coinbase to close majority of Japan operations following global layoffs: Report
Crypto exchange Coinbase will be closing down most of its operations in Japan as part of its efforts to survive in the bear market. The move is part of the company’s restructuring plan and follows the recent announcement that it would reduce its employees by 20%. In an interview with BNN Bloomberg,
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ARK Makes Coinbase Buy as COIN Jumps 20% On-Week
Cathie Wood has added another 33,756 shares of Coinbase to ARK’s ARKK ETF, according to an investor update. Source
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Crypto Markets Today: Coinbase Announces More Job Cuts Amid Market Jitters
ALSO: Both bitcoin and ether reached nearly four-week highs. Equities closed higher. Original Source
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