Reports suggest that a mainstream tech giant holds shares of Coinbase stock
End of Q2 holdings for Intel showed a small stack of COIN shares, valuing between $500,000 and $1,000,000 at time of publication. Go to Source Powered by WPeMatico
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Coinbase Aims to Be the ‘Amazon’ of Crypto, CEO Says Exchange Wants to List All Legal Crypto Assets
The Nasdaq-listed cryptocurrency exchange Coinbase says that it wants to be “the Amazon of assets” and list every legal crypto asset out there. The company has outlined two major long-term trends affecting its business. Coinbase Wants to List All Legal Cryptocurrencies Coinbase revealed its plan during the Q2 2021 earnings call Tuesday. CEO Brian Armstrong … Read more
Coinbase beats earnings estimates as analysts say regulation will ‘stifle’ innovation
COIN exceeded earnings estimates but analysts caution that blanket crypto-sector regulation will “stifle innovation” and possibly cast a shadow on Coinbase’s growth. Go to Source Powered by WPeMatico
Q2 Earnings Show Coinbase Raked in $2 Billion — Firm Forms Partnerships With Elon Musk, PNC Bank, Spacex
Coinbase published the company’s shareholder letter on Tuesday which detailed it made over $2 billion in net revenue during the second quarter. The firm said “Q2 was a strong quarter” for Coinbase as it saw both “growth and diversification” this year. While netting in $2 billion, Coinbase said it has 68 million verified users and … Read more
Coinbase removes ‘backed by US dollars’ claim for USDC stablecoin
The Coinbase website now states that USD Coin is “backed by fully reserved assets,” contrary to the now-removed claim of “backed by U.S. dollars in a bank account.” Go to Source Powered by WPeMatico
Coinbase’s Q2 profits top $1.6B as ETH volume surpasses BTC’s for the first time
Coinbase beat analyst estimates in Q2, after it generated $2.23 billion in revenue compared to estimates of $1.78 billion. Go to Source Powered by WPeMatico
Exchange listings and NFT boom lift IoTeX, Rally and Axie Infinity price
Bitcoin and altcoins are cooling off but data from Cointelegraph Markets Pro shows IOTX, RLY and AXS as the top 24-hour performers. Go to Source Powered by WPeMatico
Coinbase’s capital markets head reportedly leaves company
People familiar with the matter claimed Brett Redfearn’s departure was due to Coinbase shifting its priorities away from digital asset securities. Go to Source Powered by WPeMatico
Europe’s Largest Telecom Provider Chooses to Leverage Coinbase Custody to Stake CELO Tokens
The largest telecommunications provider in Europe, Deutsche Telekom AG, announced on Monday that it will be leveraging Coinbase Custody to hold the firm’s celo tokens. Celo is a mobile-first platform that connects to decentralized apps, is EVM compatible, and the network allows holders to stake the crypto asset. While keeping the celo tokens with Coinbase … Read more
Binance US CEO Steps Down as the Crypto Exchange Faces Rising Regulatory Scrutiny
Former acting Comptroller of the Currency Brian Brooks has resigned as the CEO of Binance U.S. after just over three months. He cited “differences over strategic direction.” Meanwhile, Binance is facing regulatory scrutiny worldwide, including in the U.K., Malaysia, Japan, Cayman Islands, Hong Kong, Thailand, Germany, and Lithuania. CEO of Binance US Resigns The CEO … Read more