Crypto is hugely popular. Coinbase global could be a takeover candidate.
2 weeks, 4 days ago

Crypto is hugely popular. Coinbase global could be a takeover candidate.

Live Mint  

Wall Street essentially owns much of the world. This past Sunday, Trump unexpectedly posted on Truth Social that Bitcoin, Ether, XRP, Solano, and Cardano would join the nation’s crypto strategic reserve. Coinbase trades at around 22 times 12-month trailing earnings and has a surprisingly large market value of about $52 billion. Intercontinental Exchange, which owns the New York Stock Exchange, has a $100 billion market capitalization and trades at 36 times trailing earnings. With the stock at $212.55, aggressive investors could sell Coinbase’s May $200 put option for about $22 and buy the May $220 call option for about $24.50.

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History of this topic

Crypto Prices Dip After $1.5 Billion Theft From Bybit Exchange
1 month ago

Crypto Prices Dip After $1.5 Billion Theft From Bybit Exchange

Live Mint  

-- Bitcoin and Ether prices dipped, while smaller tokens saw worse losses, as traders reacted to an almost $1.5 billion hack of the Bybit exchange that analysts say was the largest crypto theft ever. “As with past CEX failures, panic selling and liquidity disruptions followed, exposing the ongoing risks of centralized custody,” he added, using the “CEX” shorthand for centralized …

What’s next for Coinbase share price as bitcoin and cryptocurrency rises lead to improved earnings?
1 month, 1 week ago

What’s next for Coinbase share price as bitcoin and cryptocurrency rises lead to improved earnings?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Cryptocurrency exchange platform Coinbase Global …

Bitcoin breaches $68,000, nears its all-time high
1 year ago

Bitcoin breaches $68,000, nears its all-time high

Live Mint  

Bitcoin soared on March 5, reaching close to a two-year high of $68,300 early mark. This recent rally followed a 50 per cent increase in Bitcoin’s value so far in 2024, with most of the gains concentrated in the past few weeks. The rally in Bitcoin prices comes after the recent approval and the launch of spot Bitcoin exchange-traded funds …

U.S. steps up crypto crackdown with Coinbase suit
1 year, 9 months ago

U.S. steps up crypto crackdown with Coinbase suit

The Hindu  

In their second major action against a big crypto player in two days, U.S. regulators sued Coinbase on Tuesday, alleging its failure to register as a securities exchange venue exposed investors to risk. The Securities and Exchange Commission charged that the largest digital currency trading platform in the United States had made billions of dollars by "unlawfully facilitating the buying …

Coinbase swings to quarterly loss as crypto winter hits trading volumes
2 years, 1 month ago

Coinbase swings to quarterly loss as crypto winter hits trading volumes

Live Mint  

Coinbase Global Inc reported a loss for the fourth quarter on Tuesday, as trading volumes at the cryptocurrency exchange came under pressure from an industry-wide downturn triggered by a string of high-profile bankruptcies. Trading volumes at the crypto exchange in the fourth quarter plunged to $145 billion, compared with $547 billion a year earlier. "As macroeconomic indicators like inflation remained …

Coinbase lays off around 20% of its workforce as crypto downturn continues
2 years, 2 months ago

Coinbase lays off around 20% of its workforce as crypto downturn continues

NPR  

Coinbase lays off around 20% of its workforce as crypto downturn continues Enlarge this image toggle caption Richard Drew/AP Richard Drew/AP The cryptocurrency exchange platform Coinbase is laying off 950 employees — around 20% of its workforce — due to the continued downturn in the crypto market and the broader economy, the company announced. Coinbase said it had around 4,700 …

OPINION | FTX Crash: The Spectacular Collapse Of A $30-Billion Crypto Exchange Should Come As No Surprise
2 years, 4 months ago

OPINION | FTX Crash: The Spectacular Collapse Of A $30-Billion Crypto Exchange Should Come As No Surprise

ABP News  

Canberra: Not long ago, FTX was one of the world’s largest trading platforms for cryptocurrencies. A few days later, rival firm Binance announced it would sell its holdings of FTT tokens, a crypto that reportedly comprises much of Alameda’s assets. Panicked customers rushed to withdraw funds from FTX, and the company is now on the brink of collapse, with a …

The spectacular collapse of a $30 billion crypto exchange should come as no surprise
2 years, 4 months ago

The spectacular collapse of a $30 billion crypto exchange should come as no surprise

Raw Story  

Not long ago, FTX was one of the world’s largest trading platforms for cryptocurrencies. A few days later, rival firm Binance announced it would sell its holdings of FTT tokens, a crypto that reportedly comprises much of Alameda’s assets. Panicked customers rushed to withdraw funds from FTX, and the company is now on the brink of collapse, with a banner …

Coinbase’s rapid rise left it exposed in crypto’s collapse
2 years, 7 months ago

Coinbase’s rapid rise left it exposed in crypto’s collapse

Live Mint  

Brian Armstrong, an early devotee of blockchain technology, built the cryptocurrency exchange Coinbase Global Inc. to be big. Coinbase raced to add employees even after the crypto market weakened this year, and sometimes before even deciding on the new hires’ responsibilities, according to former employees. In another quirk of the Coinbase culture, senior executives, including Emilie Choi, president and chief …

Coinbase faces SEC investigation on crypto listings; shares fall
2 years, 7 months ago

Coinbase faces SEC investigation on crypto listings; shares fall

Al Jazeera  

The drumbeat in Washington for US regulators to do more to oversee crypto has grown louder as digital currencies have tumbled from all-time highs. The probe by the SEC’s enforcement unit predates the agency’s investigation into an alleged insider trading scheme that led the regulator last week to sue a former Coinbase manager and two other people. While the agency …

Coinbase slashes 1,100 jobs as crypto winter sets in
2 years, 9 months ago

Coinbase slashes 1,100 jobs as crypto winter sets in

The Hindu  

Coinbase Global Inc will cut about 1,100 jobs, or 18% of its workforce, the cryptocurrency exchange said on Tuesday, the latest company preparing to ride out a downturn in the cryptosphere. A recession could lead to another crypto winter, and could last for an extended period," Chief Executive Officer Brian Armstrong said in a blogpost. The crypto market meltdown has …

Coinbase lays off 18% of its workforce. The CEO cites an upcoming crypto winter
2 years, 9 months ago

Coinbase lays off 18% of its workforce. The CEO cites an upcoming crypto winter

NPR  

Coinbase lays off 18% of its workforce. The CEO cites an upcoming crypto winter Enlarge this image toggle caption Richard Drew/AP Richard Drew/AP The cryptocurrency exchange platform Coinbase laid off about 18% of its workforce — or about 1,100 people — on Tuesday, the company announced. Coinbase CEO and cofounder Brian Armstrong blamed an impending recession in the U.S. and …

Coinbase plunges to new lows as cryptocurrency skepticism spreads
2 years, 10 months ago

Coinbase plunges to new lows as cryptocurrency skepticism spreads

Al Jazeera  

Shares plunged 23% to $56.04 in New York, a far cry from its first-day closing price of $328.28 last April. Coinbase Global Inc. shares and bonds fell to new lows Wednesday, signaling investor skepticism about the prospects of the crypto exchange in a bear-market. Shares plunged 23% to $56.04 as of 10:17 a.m. in New York, a far cry from …

Coinbase dips after reporting lower-than-forecast revenue
3 years, 4 months ago

Coinbase dips after reporting lower-than-forecast revenue

Al Jazeera  

Coinbase posted revenue of $1.24bn, lower than the $1.57bn forecast by analysts. Coinbase Global Inc. shares fell nearly 12% in postmarket trading after the biggest U.S. cryptocurrency exchange reported third-quarter results that missed Wall Street’s estimates. Coinbase, which blamed market turbulence and lower prices in a part of the third quarter, posted revenue of $1.24 billion, lower than the $1.57 …

Crypto market now worth more than top dozen largest banks combined
3 years, 4 months ago

Crypto market now worth more than top dozen largest banks combined

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The overall crypto market is now worth more than the top dozen of …

Crypto market hits record high as bitcoin, Ethereum and Solana surge
3 years, 4 months ago

Crypto market hits record high as bitcoin, Ethereum and Solana surge

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The crypto market has hit a record high after Ethereum and several other …

Cryptocurrency prices today: Bitcoin, Ether remain rangebound; altcoins rise
3 years, 4 months ago

Cryptocurrency prices today: Bitcoin, Ether remain rangebound; altcoins rise

India Today  

The cryptocurrency market witnessed a range-bound session over the past 24 hours, with top virtual coins trading marginally higher. Bitcoin, the world’s largest cryptocurrency, was trading at $61,713.64 or nearly 2 per cent higher than its price 24 hours ago at 11:40 am. Commenting on the cryptocurrency market, Edul Patel, CEO and Co-founder of Mudrex, a global algorithm-based crypto investment …

Cryptomania: Ether extends bull run, hitting new record high
3 years, 10 months ago

Cryptomania: Ether extends bull run, hitting new record high

Al Jazeera  

Ether, the world’s second-biggest cryptocurrency by market capitalisation, hit a new record high on Wednesday, bringing its total market capitalisation to just shy of $500bn. Ether, the world’s second-biggest cryptocurrency by market capitalisation, hit a new record high on Wednesday, bringing its total market capitalisation to just shy of $500bn and its gain since January to almost 500 percent. Ether …

Coinbase Valued At $86 Billion In Choppy Nasdaq Debut
3 years, 11 months ago

Coinbase Valued At $86 Billion In Choppy Nasdaq Debut

News 18  

Coinbase Global Inc was valued at $86 billion at the end of its Nasdaq debut on Wednesday, in a choppy day of trading when its valuation went as high as $112 billion. Coinbase’s stock market debut, done through a direct listing where no shares are sold ahead of the opening, marks another milestone in the development of bitcoin and other …

How high will Coinbase stock go? Cryptocurrency firm soars past $112 billion in IPO
3 years, 11 months ago

How high will Coinbase stock go? Cryptocurrency firm soars past $112 billion in IPO

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Coinbase stock soared to …

Coinbase Makes Its Debut—and Bitcoin Arrives on Wall Street
3 years, 11 months ago

Coinbase Makes Its Debut—and Bitcoin Arrives on Wall Street

Wired  

Physicists are constantly rethinking how bubbles burst. Today’s Coinbase is based around buying and selling coins like bitcoin and taking fees for it; the future Coinbase is built on something grander, involving more coins and a wider array of cryptocurrency-infused products, like NFTs and “decentralized” loans. This was never exactly a secret, but the documents for its public listing reported …

Coinbase is here ... a digital currency exchange goes public
3 years, 11 months ago

Coinbase is here ... a digital currency exchange goes public

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Wall Street will be focused …

Coinbase Listing Marks Latest Step in Crypto's March to the Mainstream
3 years, 11 months ago

Coinbase Listing Marks Latest Step in Crypto's March to the Mainstream

News 18  

The listing is by far the biggest yet of a cryptocurrency company, with the San Francisco-based firm saying last month that private market transactions had valued the company at around $68 billion this year, versus $5.8 billion in September. Founded in 2012, Coinbase boasts 56 million users globally and an estimated $223 billion assets on its platform, accounting for 11.3% …

Coinbase valued at $100bn in stock market debut
3 years, 11 months ago

Coinbase valued at $100bn in stock market debut

The Telegraph  

Cryptocurrency exchange Coinbase made Wall Street history when it began trading on the Nasdaq last night at $381 per share, giving it a value of $99.6bn. Coinbase is the largest cryptocurrency exchange in the US, allowing ordinary consumers to use fiat currency to buy and sell Bitcoin and lesser known coins including Ether, Dash, Litecoin, Mana, Stellar and SushiSwap. It …

Coinbase, A Bitcoin Startup, Goes Public. Is Crypto Really The 'Future Of Finance'?
3 years, 11 months ago

Coinbase, A Bitcoin Startup, Goes Public. Is Crypto Really The 'Future Of Finance'?

NPR  

Coinbase, A Bitcoin Startup, Goes Public. Enlarge this image toggle caption Rafael Henrique/SOPA Images/LightRocket via Getty Images Rafael Henrique/SOPA Images/LightRocket via Getty Images Coinbase, a San Francisco startup that allows people to buy and sell digital currency, became the first major cryptocurrency company to go public when it made its stock market debut on Wednesday. Coinbase's mission: Build the "the …

Crypto watershed: Coinbase debuts on the Nasdaq
3 years, 11 months ago

Crypto watershed: Coinbase debuts on the Nasdaq

Al Jazeera  

On Wednesday, cryptocurrencies took a huge stride towards the mainstream when digital currency exchange Coinbase Global Inc became the first major crypto-centred startup to list on a United States exchange. Well on Wednesday, crypto doubters received another major blow, when digital currency exchange Coinbase Global Inc became the first major crypto-centred startup to start trading on a United States exchange. …

Is Coinbase’s mega-bucks flotation really a watershed moment for cryptocurrencies?
3 years, 11 months ago

Is Coinbase’s mega-bucks flotation really a watershed moment for cryptocurrencies?

The Independent  

Coinbase’s rapidly approaching market debut has been touted as a coming of age for the cryptocurrency industry. From the windows of the hype train, you could even see the company rising above the combined value of Intercontinental Exchanges, which owns the New York Stock Exchange among others, and the London Stock Exchange Group. “Digital currency right now is having its …

Bitcoin Hits Record Before Landmark Coinbase Listing on Nasdaq
3 years, 11 months ago

Bitcoin Hits Record Before Landmark Coinbase Listing on Nasdaq

News 18  

Bitcoin hit a record of $62,741 on Tuesday, extending its 2021 rally to new heights a day before the listing of Coinbase shares in the United States. “When bitcoin markets create new highs the price often range-trades and we witness a round of profit-taking,” said James Butterfill of digital asset manager CoinShares. “During this most recent period have witnessed a …

Bitcoin leaps to all-time high ahead of $100bn Coinbase IPO
3 years, 11 months ago

Bitcoin leaps to all-time high ahead of $100bn Coinbase IPO

Al Jazeera  

In one of the most potent signs of Wall Street’s growing acceptance of cryptocurrencies, Coinbase will list on the Nasdaq on April 14 at a valuation of about $100bn under the ticker symbol COIN. Bitcoin jumped to an all-time high as the mood in cryptocurrencies turned bullish ahead of Coinbase Global Inc.’s listing this week. Coinbase’s public debut this week …

Bitcoin flirts with all-time high ahead of Coinbase listing
3 years, 11 months ago

Bitcoin flirts with all-time high ahead of Coinbase listing

Al Jazeera  

Bitcoin is making a run at its all-time high ahead of the April 14 listing of digital token exchange Coinbase Global Inc on the Nasdaq. Bitcoin neared an all-time high on Monday as bullish sentiment gathered steam ahead of a listing by the largest U.S. cryptocurrency exchange. Against the backdrop of Wall Street’s growing embrace of crypto, the direct listing …

To the moon? Cryptocurrency market cap surges past $2 trillion
3 years, 11 months ago

To the moon? Cryptocurrency market cap surges past $2 trillion

Al Jazeera  

Bitcoin is worth more than $1 trillion alone after its price more than doubled in 2021, and the five next biggest cryptocurrency coins have a combined value of about $422bn. The total market value of cryptocurrencies pushed past $2 trillion for the first time, doubling in about two months amid surging institutional demand. Bitcoin advanced Monday after Grayscale Bitcoin Trust …

Coinbase to set up branch in India despite uncertainty around crypto regulation
3 years, 11 months ago

Coinbase to set up branch in India despite uncertainty around crypto regulation

Live Mint  

The U.S. based cryptocurrency exchange Coinbase is planning to establish its business presence in India and intends to open an office in Hyderabad even as uncertainty around the country’s stance for the digital asset continues. ‘’India has long been known as a hub for engineering and technology innovation, and we look forward to finding that world-class talent to help the …

Coinbase valuation pegged at $68 billion ahead of landmark US listing
4 years ago

Coinbase valuation pegged at $68 billion ahead of landmark US listing

Live Mint  

Coinbase Global Inc, the largest US cryptocurrency exchange, said on Wednesday recent private market transactions had valued the company at around $68 billion this year ahead of a planned stock market listing. In a regulatory filing, Coinbase said its stock in the private market traded at a weighted average price of $343.58 in the first quarter of 2021 through March …

Bitcoin hits $60,000 in record high
4 years ago

Bitcoin hits $60,000 in record high

The Hindu  

Bitcoin, the world’s biggest cryptocurrency, on Saturday crossed a record high of $60,000. A $1.5-billion bitcoin bet last month by Tesla saw Elon Musk’s electric car company join business software firm MicroStrategy and Twitter boss Jack Dorsey’s payments company Square in swapping some traditional cash reserves for the digital coin. Amid rising customer demand to own and invest in bitcoin, …

Cryptocurrency exchange Coinbase plans stock market listing
4 years, 8 months ago

Cryptocurrency exchange Coinbase plans stock market listing

Al Jazeera  

The move would make Coinbase the first major US cryptocurrency exchange to go public, sources tell Reuters. Coinbase Inc has started plans for a stock market listing that could come as early as this year, making it the first major US cryptocurrency exchange to go public, three people familiar with the matter told Reuters news agency. Coinbase could pursue the …

Bitcoin: Rival cryptocurrencies quietly gaining ground on all-conquering market leader
7 years ago

Bitcoin: Rival cryptocurrencies quietly gaining ground on all-conquering market leader

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Bitcoin continues to be the most prominent cryptocurrency on the market, its profile …

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