Coinbase

Coinbase shares have turned a profit since 2021

February 16, 2024 1 min read

Following a strong fourth-quarter earnings report in which the firm swung to profit and earnings that exceeded Wall Street expectations, Coinbase’s shares increased by over 12.5% after hours. Coinbase’s net revenue in the fourth quarter exceeded consensus estimates of around $825 million, rising 45.2% from the third quarter to $905 million. At the same time, the firm turned a profit for the first time since the fourth quarter of 2021,

Coinbase’s Base Network Achieves Consistent Growth, Reaching $734 Million in Total Value Locked

December 25, 2023 1 min read

Despite a slowdown in the initial growth surge, Coinbase‘s Base Network, an initiative developed through its incubator, continues to make steady progress. According to L2Beat data, the Total Value Locked (TVL) in the Base Network has risen to nearly $734 million, a 4.63% increase from the previous week. The Base Network TVL has increased significantly since its formal launch in August 2023, starting at $592 million at the end of

Coinbase launches a feature that allows users to send crypto via social media links

December 6, 2023 1 min read

Coinbase Wallet has launched a feature that will change the way users transfer crypto. Users can now send digital assets through social media links with the click of a button, making crypto enthusiasts’ lives easier. This significant update, announced in a blog post on December 5, represents a significant step forward in making crypto transfers more accessible and efficient. The ability to facilitate instant and fee-free transfers using USD Coin

Cathie Wood’s Ark Invest Sells $1.4M in Coinbase Holdings

December 6, 2023 1 min read

Ark Invest, under the guidance of Cathie Wood, is making strategic shifts in its investment portfolio. While the firm decided to part ways with Coinbase (COIN) shares, anticipating a market peak, it simultaneously doubled down on the potential of Robinhood (HOOD) amid expectations of significant market swings. Ark Invest’s recent decision saw the sale of 10,218 Coinbase shares, totaling $1.4 million. This move follows the extraordinary surge in COIN stocks,

Coinbase exchange sees a 6% rise in law enforcement requests

December 4, 2023 1 min read

Coinbase crypto exchange has disclosed a 6% uptick in law enforcement requests compared to the previous year, according to its annual transparency report. The surge in requests reflects an intensification of global cryptocurrency regulations, with the United States, Germany, and the United Kingdom leading the way. Coinbase reported a 6% increase in law enforcement requests from Q4 2022 to Q3 2023. The number of countries seeking information surged by 19,

ARK Invest sells another $5 million of Coinbase (COIN) shares

December 1, 2023 1 min read

ARK Invest, led by Cathie Wood, continued its market maneuvering on Wednesday, focusing on the crypto and fintech sectors. The investment firm chose to sell 38,668 Coinbase (COIN) shares from its Ark Fintech Innovation ETF (ARKF) for $5 million. This move follows the sale of 43,956 COIN shares earlier this week, which coincided with the crypto exchange reaching its highest level since April 2022. Despite a minor dip, with COIN

ARK Invest sells $5.2M in Coinbase Shares amid 18-month high

November 28, 2023 1 min read

Recently, ARK Invest took advantage of the rising price of Coinbase (COIN) stock, signaling yet another round of profit-taking. From its ARK Fintech Innovation ETF (ARKF), ARK sold off 43,956 Coinbase shares on November 27. At the time of the sale, Coinbase stock was trading for $119.7 per share, or around $5.3 million. This action comes after Binance and its former CEO Changpeng Zhao entered a guilty plea to charges

This South Korean Company Invests Heavily in Coinbase with a $19.9M Purchase

November 17, 2023 1 min read

The South Korean National Pension Service (NPS), a major global pension fund with over $755 billion under management, has made an entry into the crypto sector by investing $19.9 million in Coinbase shares. This move reflects large institutional investors’ cautious yet optimistic approach to the rapidly growing crypto market. The NPS has decided to invest through the Coinbase crypto exchange rather than directly purchasing cryptocurrencies. This approach fits with the

This Crypto Exchange to Remove Five Digital Assets Valued at Over $60 Million

October 22, 2023 1 min read

Coinbase crypto exchange, is making a move by delisting five cryptocurrencies with a combined market valuation of over $60 million. The exchange said that the decision, affecting Crypterium (CRPT), MXC (MXC), Quantstamp (QSP), Ren (REN), and TE-FOOD (TONE), follows a thorough review of the assets and their failure to meet Coinbase’s listing standards. In addition, the team noted that delisting is scheduled for November 3, 2023, but investors can rest

Coinbase’s Layer-2 Solution Base Shares Open-Source Code for Developer Engagement

October 20, 2023 1 min read

Coinbase’s Base network made a big move on October 19 by open-sourcing its code and smart contracts for developers. The company said that the motivation behind the decision is to provide more transparency and insight into the Base project’s development. All the smart contracts and scripts that make Base work are now available for everyone to see on GitHub. This open-source development empowers developers to dig into the code that

Coinbase Secures Payment License in Singapore

October 2, 2023 1 min read

Coinbase crypto exchange has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This means that Coinbase will now be able to offer its digital payment token services to individuals and institutions in Singapore. The MPI license is a highly regulated license that allows financial institutions to provide a wide range of payment services, including money transfers, payment processing, and foreign exchange. To obtain

Coinbase’s Base Network Hits Milestone: 1.88 Million Daily Transactions

September 18, 2023 1 min read

Coinbase’s Layer 2 network, Base, is rewriting the rules of crypto with its remarkable achievements. On September 14th, the network achieved an unprecedented milestone, processing a staggering 1.88 million daily transactions. This impressive feat propels Base ahead of well-established competitors like Arbitrum and Optimism. Base’s rapid rise to prominence, which began less than two months ago, can be attributed to several factors, including Coinbase’s significant influence and the growing enthusiasm