Coinbase stock plunges to record low, further decoupling from crypto
The stock was down by as much as 6.5%, even as the overall cryptocurrency market reached new all-time highs. Go to Source Powered by WPeMatico
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The stock was down by as much as 6.5%, even as the overall cryptocurrency market reached new all-time highs. Go to Source Powered by WPeMatico
Hip hop legend and recording artist Nasir Jones, known by his stage name “Nas,” recently released a new video with record producer DJ Khaled and rapper Jay-Z. The songwriter mentioned being a “cryptocurrency Scarface” and also mentioned the San Francisco company Coinbase in his rhyme. Nas was an early Coinbase investor back in 2013 and … Read more
Nas’ stake in Nasdaq-listed crypto exchange Coinbase is estimated around $40 million. Go to Source Powered by WPeMatico
Intercontinental Exchange has sold its 1.4% stake in Coinbase to reduce the company’s debt. Go to Source Powered by WPeMatico
On April 21, the bitcoin mining rig manufacturer Canaan announced the firm will be supplying 11,760 next-generation A1246 ASIC Avalonminers to a company called Mawson Infrastructure Group. The announcement notes that the mining units will be dispersed among Mawson’s bitcoin mining operations, and will add over an exahash of hashrate to Mawson’s mining facilities. Canaan … Read more
Coinbase’s largest investors — Andreessen Horowitz, Union Square, Ribbit Capital — have already roped in multi-billion-dollar profits. Go to Source Powered by WPeMatico
Equity options for COIN stock are coming to Nasdaq today. Go to Source Powered by WPeMatico
Will competing companies come out of the woodwork? Go to Source Powered by WPeMatico
Three exchange-traded funds offered by Cathie Wood’s Ark Invest added a total of 341,186 shares in Coinbase (COIN) worth a combined $110 million on April 15. Go to Source Powered by WPeMatico
From price volatility to becoming the most valuable U.S. exchange, here is how well Coinbase’s first day of trading tracks with other companies. Go to Source Powered by WPeMatico