Coinbase posts $1.1B loss in Q2 on ‘fast and furious’ crypto downturn
It’s the largest quarterly net loss for the crypto company since listing on the Nasdaq Stock Exchange in April 2021. Go to Source Powered by WPeMatico
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Bitcoin Testing Support at $23.2K, Trading Volume Remains High
After sideways trading for most of last week and a small bull run on Monday, Bitcoin’s price is back down to the $23k range, testing support. The global cryptocurrency market cap is down 3.5% but remains above $1.1 trillion. In addition, Bitcoin’s trading volume continues to increase, up 11% in the past 24 hours, signaling … Read more
Two more lawsuits for Coinbase: Law Decoded, Aug. 1-8
Both plaintiffs claim that Coinbase made fraudulent and deceptive representations regarding the company’s business. Go to Source Powered by WPeMatico
FTX, ByBit rise in web traffic despite overall traffic drop on CEXs
Web traffic on FTX surged 123% YoY, while major exchanges like Coinbase and Binance were down 46% and 40% traffic-wise, respectively. Go to Source Powered by WPeMatico
2 metrics signal the $1.1T crypto market cap resistance will hold
Despite a handful of the top-80 coins gaining 12% or more over the past week, Tether’s premium in Asia and futures markets activity show buyers lacking confidence. Go to Source Powered by WPeMatico
Coinbase hit with 2 fresh lawsuits amid SEC probe
In both cases, plaintiffs allege Coinbase made fraudulent and misleading statements about the company’s business, operations and compliance efforts throughout the class period. Go to Source Powered by WPeMatico
Ethereum Price Soars to $1,700, Outperforms Bitcoin, Coinbase Partners With BlackRock
After a relatively stagnant market activity this week, with Bitcoin managing to hold the $23k support level, Ethereum soars to $1,700, gaining 6% today. With the recent price hike, ETHUSD is nearing the 50% market capitalization of Bitcoin, inching closer to possibly overtaking BTC as the most-valued cryptocurrency by market cap. The global cryptocurrency market … Read more
Coinbase Partners With World’s Largest Asset Manager Blackrock to Give Aladdin Clients Access to Cryptocurrencies
On August 4, the head of Coinbase Institutional, Brett Tejpaul, and the vice president of institutional product, Greg Tusar, announced that Coinbase has been selected by the financial giant Blackrock to provide the firm’s Aladdin platform access to cryptocurrencies. Blackrock Chooses Coinbase to Connect Aladdin Clients to Crypto Coinbase’s institutional arm will help the world’s … Read more
Bitcoin price retests key $22.8K as metric points to ‘BTC buying spree’
BTC price bulls fail to take the market higher as the week continues, but buyer interest is giving hope. Go to Source Powered by WPeMatico
Coinbase partners with BlackRock to create new access points for institutional crypto investing
The world’s largest financial asset management firm is making a major push into digital assets, beginning with Bitcoin. Go to Source Powered by WPeMatico
