Coinbase’s stock price is seeing a small bump after the crypto exchange’s third-quarter shareholder letter indicated the company had cut costs and seen a rise in subscription and services revenue. Coinbase says Q3 was a “mixed quarter” for the company. The top US crypto exchange registered $366 million in Q3 transaction revenue, a 44% decline […]
The post Coinbase’s Stock Jumps After Third Quarter Report Details Crypto Exchange’s Cost-Cutting Measures appeared first on The Daily Hodl.
The central bank of Thailand is not going to rush with the launch of its digital currency as it’s not yet sure about the benefits it would bring. According to the head of the monetary authority, the development of the state-issued coin may take several years. Thailand’s Central Bank Wants to Better Understand Risks of […]
Public records show that Shopify’s CEO Tobias Lütke has purchased close to $3 million in Coinbase shares during the last 60 days. Lütke became a Coinbase board member last February and because he is a Coinbase associate, he’s required by law to submit his trades to the U.S. Securities and Exchange Commission (SEC). Since August […]
Analysts from banking giant JPMorgan have reportedly lowered their price target for crypto exchange Coinbase’s stock (COIN), citing increasing pressure on digital asset markets. According to a report from MarketWatch, JPMorgan analyst Kenneth Worthington has a neutral rating on COIN but has cut his price target by 23% to from $78 to $60, which is […]
The post JPMorgan Analysts Drop Price Target for Coinbase Stock Due to Pressure on Crypto Markets: Report appeared first on The Daily Hodl.
A crypto company working with the central bank of Norway has published the source code for the sandbox created to trial the digital version of the Nordic nation’s fiat currency. The prototype digital krone is being built on the Ethereum network and the regulator wants to test various technologies and evaluate the potential impact on […]
The publicly listed firm Coinbase Global has revealed the company plans to evaluate any potential forks that arise from the upcoming Ethereum upgrade known as The Merge. In a recently updated blog post, Coinbase said if a new Ethereum proof-of-work (PoW) token is created it “will be reviewed with the same rigor as any other […]
JPMorgan analyst Kenneth Worthington says digital currency exchanges like Coinbase will end up being a meaningful “beneficiary” of Ethereum’s long-awaited transition from proof-of-work (PoW) to proof-of-stake (PoW). Based on $2K ethereum prices and a 5% ethereum yield, Worthington explained that The Merge could boost Coinbase’s annual income by $80 to $100 million from staking services. […]
Veteran hedge fund manager Cathie Wood is revealing why her firm, ARK Invest, sold shares of US-based crypto exchange Coinbase last month. An update on a website tracking the holdings of ARKW, ARK Invest’s innovation-focused fund, reveals that the investment firm offloaded approximately 174,611 shares of Coinbase (NASDAQ: COIN) on July 26th. In a recent interview […]
The post Cathie Wood Explains Why ARK Invest Sold off Its Coinbase Shares Last Month appeared first on The Daily Hodl.
Ratings agency S&P Global has reportedly knocked down the credit rating of Coinbase (COIN) after the crypto exchange revealed its financials for the second quarter of this year. According to Seeking Alpha, the S&P downgraded Coinbase’s credit rating largely due to its weak performance from April to June 2022. In a letter to shareholders last […]
The post S&P Global Knocks Down Coinbase Credit Rating After Exchange Posts $1.1 Billion Net Loss in Q2: Report appeared first on The Daily Hodl.
The price of Coinbase (COIN) is dropping after the publicly-traded crypto exchange operator reports losses of over $1 billion in the second quarter of the year. In its latest letter to shareholders, Coinbase says that from April to June 2022, the firm suffered a net loss of $1.1 billion, which includes $446 million in total […]
The post Coinbase Shares Drop As Crypto Exchange Reports $1.1 Billion Net Loss in Q2 appeared first on The Daily Hodl.
