In brief Coinbase shares traded as low as $50 on Wednesday, a far cry from last year’s high of $381. CEO Brian Armstrong tweeted reassurances suggesting the stock is a buy. Coinbase shareholders...
Tag: Coinbase
‘I’ve never been more bearish on Coinbase’
Coinbase (COIN) shares tumbled to a record low on Wednesday following a weaker-than-expected earnings report and broader crypto sell-off. “I’ve never been more bearish on Coinbase than we are today,” ...
Coinbase Lets Users Know What a Bankruptcy Could Mean for Their Crypto
(Bloomberg) — Coinbase Global Inc., like the rest of the cryptocurrency market, is having a really tough week. Not filing-for-bankruptcy bad, but the biggest US crypto exchange did just mention ...
Cathie Wood’s Ark Invest Grabs More Than Half a Million Coinbase Shares as Exchange’s Stock Plummets
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Crypto Exchange Coinbase Halts Service in India Due to ‘Informal Pressure’ From Central Bank RBI – Exchanges Bitcoin News
The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank o...
Coinbase CEO Clears Air Regarding Risk Of Bankruptcy
The chief executive of Coinbase, Brian Armstrong, has eased out concerns regarding bankruptcy in one of his tweets. He further allayed the fears of Coinbase users by stating that the company’s latest ...
Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO
Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface (UPI), the most popular payment service in the region...
Coinbase CEO Blames RBI for Botched India Launch Coinbase CEO Blames RBI for Informal Pressure for Botched India Launch
Coinbase Co-founder and CEO Brian Armstrong squarely blamed the Reserve Bank of India (RBI) for employing “informal pressure” and denying the Unified Payments Interface (UPI) services that led to Coin...
Pan-African Crypto Exchange Mara Launches With Backing From Coinbase, Alameda
MARA, a pan-African crypto exchange, announced its launch today, alongside a $23 million raise from backers including Coinbase Ventures, Alameda Research, (FTX) and Distributed Global. The exchange al...
Coinbase stock is trading as if the company ‘will burn through all of its cash’
A brutal quarter for Coinbase amid a sharp downturn in crypto prices and trading volumes has only emboldened the bear case on a stock already down 71% on the year. “With shares of Coinbase Globa...
Coinbase-Backed MARA Raises $23 Million To Build A Strategic African Crypto Exchange
Mara wants to build a pan-African crypto exchange that sits in the gap between regulators and crypto … [+] users to help drive crypto and blockchain adoption in Africa. MARA The last few years h...
Crypto Exchange Coinbase Forced To Back Out of India as CEO Brian Armstrong Cites Pressure From Central Bank
Crypto exchange Coinbase is backing out of a move to bring its services to India citing heavy pressure from the nation’s central bank. In the latest earnings call, Coinbase CEO Brian Armstrong says th...
Is Your Crypto Safe On Coinbase? CEO Says Retail Holders At Risk
Coinbase CEO Brian Armstrong said on Wednesday that the exchange’s retail customers may not be able to recover their holdings in case of bankruptcy. Armstrong also admitted that the company had not di...
Coinbase Shares Plunge as Weak Earnings Prompt Near-Term Caution
Coinbase is trading as though it will “burn through all of its cash and then become insolvent,” Mark Palmer, BTIG’s equity research analyst said in a note. Eventually, investors will recognize an oppo...
Coinbase Faces No Risks of Bankruptcy Despite Market Crash and Disappointing Q1 Results, Says CEO
Following recent events in the crypto market, Coinbase CEO Brian Armstrong has put customers’ minds at ease by reassuring them that the US crypto exchange currently has no risk of bankruptcy, as some ...
Roblox, Electronic Arts, Coinbase, RealReal and more
An attendee tries out a Electronic Arts video game during the annual Studio Showcase media event at the company’s headquarters in Redwood City, California. Tony Avelar | Bloomberg | Getty Images...
‘Crypto Winter’ Sparks Coinbase Stock Crash As Bitcoin, Ether And Other Major Cryptocurrencies Crater
Topline Shares of popular crypto-brokerage Coinbase plummeted to a record low Wednesday after the firm reported a worse-than-expected loss spurred by dwindling trading volumes—prompting a flurry of an...
Coinbase CEO explains “bombshell” customer funds declaration
Brian Armstrong, Coinbase CEO has clearly stated that the U.S. Securities and Exchange Commission wanted a new release of information in the firm’s 10-Q filing, stating that customers might be ...
Coinbase Execs Dismiss Talk of Robinhood Acquisition
In brief Coinbase executives blew off suggestions the company team up with Robinhood. On an earnings call, the company made clear it intends to stay the course in building for the long term. Coinbase ...
Coinbase trading volumes are falling as a ‘Crypto Winter’ comes in
Coinbase has endured a grueling quarter as crypto prices and trading volumes have fallen. This has only strengthened the negative narrative on a stock that has already fallen by 71% for the year. Coin...
Crypto Held on Coinbase Could be Subject to Bankruptcy Proceedings
Some small print in a financial report from Coinbase has raised eyebrows over a potential bankruptcy scenario and the implications for retail customers’ crypto assets stored on the platform. In its 10...
Coinbase bankruptcy wording triggers warnings to move crypto off exchanges
On May 10, crypto exchange Coinbase released its Q1 2022 earnings report doing little to calm choppy market conditions. It showed net revenue down 53% from the previous quarter, to $1.165 billion, and...
Coinbase Misses First Quarter Revenue, $COIN Shares Plummet
Cryptocurrency exchange Coinbase reported a 35% drop in revenue in the first quarter as volatile market conditions and lower crypto asset prices directly impacted its results. Its total revenue in the...
Taking advantage of Coinbase stock dip? Here’s where you can buy the stock
After posting a loss amid a drop in its users, the largest US crypto exchange, Coinbase stock has shed over 41% over the past 5 days. To help stock traders eying the Coinbase stock, Invezz has created...
Why Crypto’s Rough Year In India Just Got Worse
New Delhi, India- October 16, 2018: Bitcoin India getty India’s latest decisions governing cryptocurrency portend turbulent times ahead for the country’s nascent but booming digital currency industry....
Coinbase Shares Plunge as Company Reports Q1 Losses of $430M
The exchange’s trading volumes fell around 44% between January and March as it reported worse than expected earnings for the period. Crypto markets were largely range-bound for Q1 with few opportuniti...
Coinbase Stocks Suffers 19.5% Drop After It Reports A Loss Of $430 Million
On Monday, the shares of Coinbase are down 269% from their 52-week high of US$368.90 a share on November 9th. There was a drop of 19.5% in the stock after Coinbase reported a net loss of US$430 millio...
Coinbase Share Prices and Number of Active Users Fall
Coinbase published its financials for the first quarter of 2022. Investors observed a fall of 12% in the stock price in after-hours trading. Revenue came to $1.17 billion, out of which $1 billion came...
Peter Brandt Warns Coinbase Users ‘Your Bitcoin No Longer Belongs To You” If Exchange Goes Bankrupt, Brian Armstrong Reacts
– Advertisement – Coinbase Q1 2022 $430 Million Net Loss and Disclosure Cause Panic as Exchange Founder Clears the Air. Coinbase has come under heavy attack for its recently published Q1 2...
Coinbase Shares Plunge After Company Misses Q1 Revenue, Posts $430M Loss
In brief Coinbase missed on Q1 earnings and revenue. The results come as another piece of bad news for the crypto markets. Coinbase released its earnings for the first quarter of 2022, and the results...
Coinbase, MicroStrategy Lead Crypto Stocks Lower in Market Rout
For Coinbase, Monday’s plunge has the stock now trading down more than 70% since its April 2021 initial public offering, with the company set to report Q1 earnings after the close on Tuesday. For Micr...