Crypto
Coinbase Stock Soars 8% After S&P 500 Inclusion Announcement
Coinbase is set to join the S&P 500 index on May 19, replacing Discover Financial, leading to a notable increase in its stock price.
Adoption
Coinbase Becomes the First Cryptocurrency Firm in the S&P 500
Coinbase, the prominent U.S. crypto exchange, is set to join the S&P 500, marking a significant milestone for cryptocurrency in traditional finance.
Crypto
Coinbase's Bitcoin Acquisition: A Different Approach to Crypto Investment
Coinbase has increased its cryptocurrency holdings, including a $150 million investment in Bitcoin, emphasizing a strategic approach rather than a maximalist stance.
Adoption
Coinbase's Strategic Move: Acquiring Deribit for $2.9 Billion
Coinbase is positioning itself firmly in the derivatives market with its acquisition of Deribit, valued at $2.9 billion, including cash and shares.
Crypto News
This Week in Crypto: Ethereum Climbs, Major Deals Unfold
A roundup of significant developments in the world of cryptocurrency, highlighting Ethereum's surge and Coinbase's historic acquisition.
Finance
Coinbase's Earnings Shortfall Splits Analysts on Wall Street Over Future Prospects
Analysts offer mixed reviews on Coinbase following its disappointing first-quarter earnings, with some voicing concerns about short-term revenues while recognizing potential long-term gains from a strategic acquisition.
Finance
Coinbase's Stock Declines Following Disappointing Earnings Amid Market Uncertainty
Coinbase reported a major drop in revenue in Q1, attributed to declining crypto prices and economic uncertainty, leading to stock fluctuations.
Business
Coinbase Acquires Deribit for $2.9 Billion, Analysts View it as a Significant Challenge to Competitors
The acquisition positions Coinbase as the leading platform in the crypto derivatives market, making it a formidable competitor against Binance.
Business
Coinbase Acquires Deribit for $2.9 Billion to Grow U.S. Crypto Options Presence
Coinbase is set to buy Deribit in a significant move into the U.S. crypto derivatives sector, including $700 million in cash and shares.
Finance
Coinbase Expected to Report Losses Amid Retail Trading Decline, Say Wall Street Analysts
Major banking institutions have lowered their earnings forecasts for Coinbase in light of a decline in retail trading activity.
Crypto
SEC Documents from Coinbase Unveil New York Attorney General's Push for Ether to be Classified as Security
Newly released documentation from Coinbase highlights internal SEC discussions about Ethereum's classification during a legal battle.
Crypto
Coinbase Secures Title as Official Crypto Sponsor for Riot Games’ Esports Events
Coinbase announces a multi-year partnership to become the official crypto sponsor for League of Legends and Valorant esports events.
Crypto
Suspension of Rushi Manche at Movement Labs Follows Coinbase Delisting
Movement Labs has suspended co-founder Rushi Manche due to ongoing investigations related to governance and a token dumping incident.
Crypto
Movement Token Falls 14% as Coinbase Halts Trading
Coinbase is set to suspend trading of Movement's MOVE token, following concerns regarding market practices.
Legal
Coinbase Engages in Supreme Court Battle Over Customer Data Privacy
The U.S. cryptocurrency exchange has submitted a brief in a long-standing legal dispute regarding customer transaction records sought by the IRS.
Blockchain
Base Network of Coinbase Achieves Initial Rollup Status, Enhancing Decentralization
Coinbase's Base network has achieved a significant milestone by being classified as a 'stage 1' rollup, paving the way for better decentralization.
Crypto
Brian Armstrong's Optimistic View of Crypto as Coinbase Unveils New Bitcoin Yield Fund
Coinbase's CEO expresses optimism about the future of the crypto market as the company announces plans for a new Bitcoin yield fund targeted at institutional investors.
Crypto
Coinbase Launches Bitcoin Yield Fund Aiming for 4%-8% Returns
The Coinbase Bitcoin Yield Fund begins operations on May 1, targeting non-U.S. institutional investors with returns sourced from basis trading initially, and lending strategies to follow.
Crypto
Coinbase Launches No-Cost Conversion for PayPal's PYUSD as Stablecoin Rivalry Grows
Coinbase has initiated free exchanges between PayPal's PYUSD stablecoin and U.S. dollars, aiming to enhance on-chain payment adoption amid intensifying competition in the stablecoin market.
Corporate News
Riot Platforms Obtains $100 Million Bitcoin-Secured Credit from Coinbase
Riot Platforms has secured a substantial credit line of $100 million from Coinbase, utilizing bitcoin as collateral for its expansion projects.
