Coinbase and MicroStrategy climb as Bitcoin reclaims $59k
Coinbase and MicroStrategy stocks rose 6% and 7% respectively as Bitcoin surged to above $59,000. Analysts say crypto markets may be choppy amid potential bearish catalysts. Coinbase and MicroStrategy stocks have climbed more than 6% each on Aug. 8 (as of 2 pm ET), gains that come as the price of Bitcoin broke above $59,000. […]
Coinbase partners with Lightspark for Bitcoin Lightning Network integration
Coinbase’s partnership with Lightspark for Bitcoin Lightning Network integration enhances transaction efficiency. Lightspark’s advanced technology streamlines Lightning Network access, offering low-cost BTC transfers. The collaboration empowers Coinbase with reliable, scalable node infrastructure, driving global financial innovation. Coinbase, a leading cryptocurrency exchange, has announced a strategic partnership with Lightspark to integrate the Bitcoin Lightning Network. The […]
Coinbase stock rises as Bitcoin goes back above $70k mark
Coinbase stock surges 9% to $280.79. Bitcoin has soared by 8.60% in 24 hours to trade at $70,555.18 at press time. Decreasing Bitcoin supply and bullish projections, like $150k by 2024, fuel investor optimism. Coinbase Global Inc (NASDAQ: COIN) experienced a significant surge in its stock price, climbing by over 9% to reach $280.79 per […]
Bitcoin ETF may be a ‘limited’ benefit for Coinbase stock: Barclays
Mike Novogratz expects SEC to approve a Spot Bitcoin ETF this year. Barclays analyst does not expect that to be a huge benefit for Coinbase. Coinbase stock is currently down over 30% versus its year-to-date high. Mike Novogratz – the Chief Executive of Galaxy Investment Partners expects the Securities & Exchange Commission to approve a […]
Dan Dolev sees Coinbase missing Q3 revenue estimates by 10%
Mizuho analyst forecasts up to $652 million in revenue for Coinbase in Q3. Dan Dolev continues to see sharp downside in the crypto stock to $27. Coinbase shares are already down roughly 35% versus their YTD high. Mizuho lowered its quarterly revenue estimate for Coinbase Global Inc on Wednesday. Its shares are down 1.0% at […]
Coinbase is largest Bitcoin (BTC) holder in the world: Arkham
Arkham announced it identified nearly $25 billion in Bitcoin in crypto exchange Coinbase’s portfolio. The BTC holdings are approximately 948,000, closer to the 1 million BTC of Satoshi Nakamoto. Coinbase is thus the world’s largest known Bitcoin entity, Arkham analysts said on X. Blockchain intelligence firm Arkham has reported that Coinbase holds Bitcoin (BTC) worth about $25 […]
Coinbase confirms plans of integrating the Lightning Network
Coinbase says it will add support for the Bitcoin Lightning Network. Cathie Wood praises the crypto exchange for the decision. Coinbase shares are down nearly 30% versus their YTD high. Coinbase Global Inc has decided to integrate the Lightning Network that aims at making Bitcoin a viable option for faster and cheaper global payments. How […]
Coinbase adds HNT, BLUR, ARB and four other altcoins for Germany users
Crypto exchange Coinbase has listed 8 tokens accessible on Coinbase.com and mobile HNT, BLUR, ARB, EGLD, 00, AUDIO, LDO, ATA are now tradable on Coinbase in Germany. Dogecoin continues to outperform the market after X news. Coinbase, the leading US-based cryptocurrency exchange, has made a special announcement touching on eight altcoins. The crypto exchange’s announcement […]
MicroStrategy better than Coinbase for crypto exposure: Berenberg
Berenberg analysts sees upside in MicroStrategy to $340. They explain their bullish view in a recent research note. Coinbase stock has a “hold” rating only at Berenberg. MicroStrategy Inc is a better pick for exposure to cryptocurrencies than Coinbase Global Inc, as per the Berenberg analysts. MicroStrategy stock has upside to $340 Mark Palmer and […]
Coinbase CTO bets Bitcoin to $1M in 90 days, but I’m not sure even he believes it
Key Takeaways Former Coinbase CTO Balaji Srinivasan bet an anonymous Twitter account $1 million that Bitcoin would trade at $1 million or greater in 90 days Srinivasan is predicting imminent hyperinflation and a collapse of the US dollar Bet is on wildly unfavourable terms, with the other side of the bet, James Medlock, able to […]