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Mizuho says this indicates potential fatigue among retail customers, and in contrast to previous cycles, fear-of-missing-out no longer “entices investors to trade bitcoin when prices rise,” as it did in prior years. “This could prove problematic for COIN, as it generates around 95% of its transaction revenue from retail trades,”
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Mizuho Bank said that it will use the AI tool in the bank’s brokerage unit. The Japanese banking giant will conduct an “ideathon” next month and brainstorm various ways to experiment with the technology. On Tuesday, June 27, Japan’s third-largest banking institution Mizuho declared that it will allow all of
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Dolev estima que el volumen de trading promedio de Coinbase bajó a $1200 millones en julio, desde aproximadamente $7000 millones en noviembre de 2021. La participación de mercado de la compañía en el volumen de trading global se redujo a solo 2,9% en julio, dijo Dolev, frente a un promedio
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Coinbase currently has a 2%-3% share of average trading volumes versus many large rivals, Mizuho estimated. Original Source
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Block (SQ), the payments company formerly called Square, should try to play down its association with bitcoin because the link is holding back its stock, which would otherwise benefit from the company's improving business fundamentals, Mizuho equity research analyst Dan Dolev wrote in a note to clients. Original Source
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Mizuho’s Dan Dolev is skeptical of the exchange getting into the NFT business at this time, citing a decline in NFT internet searches. Source
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Renewed signs of a “crypto desert” coupled with declining yields make Coinbase especially unattractive heading into the first half of this year, Mizuho Securities said in an analyst report published Tuesday, cutting its price target for the shares to $220 from $300.Mizuho forecasts the crypto exchange had trading volume of
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Investors may be better off owning bitcoin directly versus shares of Coinbase Global Inc. (COIN) in order to avoid headwinds including growing competition and the ongoing “commoditization of cryptocurrency exchanges,” Mizuho Securities USA told clients in a note Thursday. Source
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About 65% of users would use bitcoin as a currency at PayPal's 28 million merchants. Source
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