Crypto Biz: A Futurist take on crypto
The 2022 Blockchain Futurist conference in Toronto, Canada wrapped up this week. DeFi and institutional adoption of crypto were high on the agenda. Go to Source Powered by WPeMatico
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S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures
Coinbase Global sees its credit rating downgraded by S&P Global amid regulatory pressures, weakened market performance and competitors. Go to Source Powered by WPeMatico
Institutional staking won’t take off unless asset lock-up solved: Coinbase CFO
Coinbase’s new institutional-focused staking product won’t be a “near-term phenomenon” while liquid staking is still being worked out. Go to Source Powered by WPeMatico
Brian Armstrong Says the More Crypto Regulation, the Better for Coinbase — CEO Discusses Alleged SEC Investigation
Coinbase CEO Brian Armstrong says “the more regulation there is for crypto, the better it is for Coinbase.” He revealed an inquiry from the U.S. Securities and Exchange Commission (SEC), noting: “We do not yet know if this inquiry will become a formal investigation.” Coinbase’s CEO on Crypto Regulation The CEO of Coinbase Global (Nasdaq: … Read more
$475M in Bitcoin options expire this week — Are bulls or bears poised to win?
BTC futures data shows bulls are not sure that Bitcoin price will hold above $24,000, but range-bound action could help them profit from Friday’s $475 million options expiry. Go to Source Powered by WPeMatico
TORN price sinks 45% after U.S. Treasury sanctions Tornado Cash — rebound ahead?
TORN is near a historically strong support range, eyeing a 75% rebound by September 2022. Go to Source Powered by WPeMatico
Bitcoin Holds Support at $23K as Coinbase Earnings Reveal Billion-Dollar Losses
After rising to $24k this week and testing support at $23k yesterday, Bitcoin continues to trade sideways today, managing to hold current support levels. The 24-hour trading volume shows a slight decline, down 9% today as the markets slow down. Key Points: Bitcoin continues to hold support at $23k and trades sideways. Coinbase’s Q2 Earnings … Read more
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
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