BlackRock And Coinbase Explain Importance Of Bitcoin Halving In New Ad Campaigns The crypto space is fraught with opinions, with celebrities, micro-influencers and community members constantly chiming in to give their take on markets. This can make it difficult for investors to determine what information is important and relevant. However, when topics are discussed by […]
The blockchain has the potential to be a disruptive force in finance, and BlackRock (NYSE: BLK) is a surprise leader in that disruption. In this video, Travis Hoium covers BlackRock’s newest blockchain products. *Stock prices used were end-of-day prices of April 9, 2024. The video was published on April 10, 2024. Should you invest $1,000 […]
At first glance, Coinbase Global (NASDAQ: COIN) looks like a terrible investment right now. The stock price has more than tripled in 52 weeks. The cryptocurrency exchange operator’s shares trade at the lofty valuation of 103 times free cash flows and 950 times earnings. I mean, it’s enough to make even seasoned growth investors reach for […]
Coinbase has filed for a so-called interlocutory appeal in federal court to challenge just a single legal point at the heart of its dispute with the U.S. Securities and Exchange Commission. The requested appeal would ask a higher court to review whether a digital asset transaction that poses no obligation to the original issuer of […]
By Jonathan Stempel NEW YORK (Reuters) – A federal appeals court on Friday revived a lawsuit by Coinbase customers who accused the largest U.S. cryptocurrency exchange of illegally selling unregistered securities and failing to register as a broker-dealer. The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court judge should not have […]
Between Coinbase, Custodia, Roman Storm and Sam Bankman-Fried, there was a lot of news last week. Let’s get to it. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Coinbase and Custodia both lost early and preliminary court […]
MicroStrategy (MSTR) and Coinbase (COIN) have the most possibility of a short squeeze – or a rally spurred by short sellers getting out of their bearish bets – S3 Partners said in a report. The total short interest in crypto stocks is $10.7 billion, with MicroStrategy and Coinbase making up 84% of these bearish bets, […]
Coinbase Plans To Raise $1B From Convertible Notes Coinbase, the leading US-based cryptocurrency exchange, is raising $1 billion through senior convertible notes. These notes act like loans that can be converted into company stock later. The funds will be used to repay existing debt and for general business purposes, according to a company blog post. […]
Coinbase plans to raise $1 billion through a convertible debt offering, following the path of Michael Saylor’s MicroStrategy. The offering has an extra provision, “negotiated capped call transactions,” which will ensure less dilution at the conversion. The raise comes after Wall Street analysts threw in the towel on their bearish stance on the stock. The […]
(Bloomberg) — Coinbase Global Inc., the largest US cryptocurrency exchange, said it plans to offer $1 billion in convertible senior notes to repay existing debt and for general corporate purposes. Most Read from Bloomberg The notes maturing in 2030 will be sold through a private offering to institutional investors, Coinbase said in a statement Tuesday. […]
A federal judge ruled that secondary-market transactions for certain cryptocurrencies violated securities law. The catch: This was a default judgment. The defendant never showed up, and no one filed amicus briefs to oppose the Securities and Exchange Commission’s motion for a default ruling. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection […]
Dow Jones futures and the other major indexes dropped Tuesday, as Apple stock sold off on a report that showed sharply slowing iPhone sales in China. Meanwhile, famed investor Cathie Wood sold nearly $31 million worth of Coinbase (COIN) on the stock market today. X Dow Jones futures fell 0.3% vs. fair value in morning […]