Cathie Wood's Ark Invest grabbed another $5 million of Coinbase (COIN) shares on Thursday, as she continues to show confidence in the crypto exchange even as its share price falls. It closed down 11% on Thursday at $33.53. It fell almost 90% in 2022.
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For 2022, Coinbase said it remains "cautiously optimistic" that it will operate within the $500 million adjusted EBITDA loss guardrail that it previously shared, based on the assumption that crypto prices do not deteriorate significantly and that customer behaviors don't change. "For 2023, we’re preparing with a conservative bias and CoinbaseContinuingCryptoCutsHeadwindsLossesSees Read More
The pressure on crypto is growing swiftly in the Philippines. After a recent series of controversial moves from the state regulators and local think tanks, the country’s central bank published a warning to the citizens, discouraging them from engaging in any operations with unregistered or foreign crypto exchanges. The announcement BitcoinContinuingcryptoexchangeExchangesForeignPhilippinesprotectionistPushesStreak Read More
Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins. According to a recent report from Glassnode, Bitcoin hodlers are now “the only ones left” and they appear 30KBitcoinContinuingdataHoldersLongTermOnChainShowssoakSupply Read More
Bitcoin’s trading volume was lower on Monday compared to the latter part of last week but traders appear to be staying optimistic ahead of the expected bitcoin halving next week. Bitcoin (BTC) was trading down less than 1 percent over 24 hours , with 10-day and 50-day technical indicator moving averages 88KAheadBitcoinContinuingDipsHalvingMarketOptimismWrap Read More
Crypto exchange unicorn Binance will launch Binance Coin (BNB) futures trading on Feb. 10.As the 17th cryptocurrency available on Binance’s futures trading branch, BNB comes with 50x leverage, paired against Tether’s USDT stablecoin, Binance detailed in a Feb. 7 press release provided to CryptoX.BNB pumped with the rest of BinanceBNBContinuingCryptoFiresFuturesMarketTakeover Read More