Tag: coinbase (coin)

Dec 01 2022

Coinbase Calls Out Apple For Blocking NFT Transactions On iOS

Coinbase has revealed that Apple blocked its latest app release due to the in- app NFT trading feature. Apple has levied a 30% tax on gas fees.

Nov 03 2022

In Q3 2022 Coinbase Reported Net Loss Of $545 Million

Nov 03 2022 Published at Coinscreed under tags  coinbase coinbase (coin) news

Coinbase announces a drop in revenue and a loss for the third quarter as investors pull out of the cryptocurrency industry. The cryptocurrency exchange Coinbase reported on Thursday that its third-quarter revenue missed analysts' projections and that it suffered a greater loss than anticipated. Revenue decreased by more than 50% from the previous year as […] The post...

Coinbase Reports Net Loss of $545 Million in Q3 2022

Nov 03 2022 Published at Coingape under tags  coinbase coinbase (coin) news

On Thursday, the cryptocurrency exchange Coinbase revealed its third-quarter revenue fell short of analysts' expectations and had a larger-than-expected loss. As traders & retail investors abandoned the crypto market due to the ongoing bearish trend, revenue fell more than 50% from a year earlier. Financially, the company suffered a loss... Read more

Oct 11 2022

Google Taps Coinbase To Allow Cloud Service Customers Pay In Crypto By 2023

Coinbase will power crypto payments for users leveraging Google's cloud services. The news comes after Google teased crypto payments in May.

Sep 29 2022

Just In: Wells Fargo Flags Major Concerns Over Coinbase

Sep 29 2022 Published at Coingape under tags  coinbase (coin) news

Wells Fargo, a multinational financial services company has flagged a major concern against Coinbase, which can lead to a dip in the Crypto exchange share prices. Coinbase prices to drop? According to CNBC, Wells Fargo initiates Coinbase with an underweight. The firm has cited increasing macroeconomic pressures as the possible... Read more

Aug 25 2022

Coinbase Launches New Token, Will It Ease Sanctions Uncertainty

Aug 25 2022 Published at Coingape under tags  altcoin news coinbase (coin) eth staking news

Coinbase is allowing its users who stake Ethereum to receive a new utility token. The new token is an ERC-20 token, called...

Aug 24 2022

Ethereum Has A Big Coinbase Problem, Here’s Why

The Ethereum Merge is only a few days away. Ethereum developers have revealed that the...

Aug 04 2022

Meta Launches Instagram NFTs And Coinbase Integration In Over 100 Countries

Summary: Meta's digital collectible feature for creators and collectors expands its reach. More than 100 countries in Africa, Asia-Pacific, the Middle East, and the Americas will receive access to NFTs on Instagram. Support for Coinbase wallet and Dapper will follow the expansion. Users can connect to Instagram with other wallets like Metamask and Trust wallet as well. NFT minting on the Flow blockchain...

Jul 27 2022

Cathie Wood’s Ark Invest Buys These Shares After Selling Coinbase, Here’s Why

Cathie Wood's Ark Invest sold over 1.4 million shares of Coinbase Global (COIN) in three funds on Tuesday as the price falls to an all-time low of $52.93. The move comes amid Coinbase's poor performance and the SEC investigation into listing unregistered securities. All three funds mostly purchased Shopify and Roku shares after selling COIN...

Jul 25 2022

JP Morgan Says Coinbase Shareholders Could Lose Out Due To Big Move

Jul 25 2022 Published at Coingape under tags  coinbase coinbase (coin) news

After the recent reveal of cryptocurrency insider trading tipping scheme, another bad news could hit Coinbase shareholders. Ever since the top exchange announced employee layoffs, Coinbase has been in the news for wrong reasons. This time around, the company could look for alternatives as part of its employee compensation plans, as per JP Morgan. Coinbase...

Jul 21 2022

Coinbase Insider Trading: Many Such Instances Went Hidden In The Past?

Jul 21 2022 Published at Coingape under tags  coinbase coinbase (coin) news

The unravelling of the first ever cryptocurrency insider trading tipping scheme at Coinbase came as a shocker to the community. This is not the first time that doubts were raised on the integrity of crypto exchanges. But the SEC's complaint on Coinbase scam comes as a chilling reminder that not all is fair within the...

Jul 16 2022

Coinbase Could Be The Next Big Insolvency, Expert Warns

Jul 16 2022 Published at Coingape under tags  binance coinbase (coin) news

Business Insider reported that Coinbase is temporarily shutting down its affiliate-marketing program in the US. According to an email sent to three creators, the crypto exchange will suspend its program from July 19th, citing the current market conditions and the negative outlook for the crypto industry. Ben Armstrong, a major crypto influencer and creator of...

Jun 27 2022

Just-In: Goldman Sachs Recommends Selling Coinbase ($COIN) Stock

Jun 27 2022 Published at Coingape under tags  coinbase (coin) coin stock news

Investment bank Goldman Sachs on Monday downgraded its rating on crypto exchange Coinbase, now recommending that traders sell the stock. Goldman Sachs downgraded its rating on Coinbase to "Sell" from "neutral," and also cut its price target on the stock to $45 from $70, in a recent research note. Shares of the firm fell 5.1%...

Jun 24 2022

Polygon (MATIC) Price Jumps 50% This Week, Are More Gains Due?

Polygon’s native token, MATIC, continued its bullish rise, with its price rising up by over 50% to reach $0.5987 in the last 7 days. MATIC is also up by 21% in the last 24 hours. Last night, Coinbase announced the integration of Polygon, which exposes MATIC to a bigger pool of traders. What Is Causing...

Jun 05 2022

Coinbase Hiring Freeze Causes Massive Frustration For Candidates Who Were Promised That Their Offers Will Not Be Rescinded

Summary: Coinbase's hiring freeze has had a ripple effect on would-be employees who had accepted offers from the crypto exchange, only for the company to do a one-eighty degree turn. One candidate said he had given up a $406k job to start with Coinbase this August. Students on Visas have been hard hit, as was the case with Ashutosh Ukey, who said he...

Jun 01 2022

Legendary Short Seller Issues Warning On Coinbase, MicroStrategy

Jun 01 2022 Published at Coingape under tags  coinbase (coin) microstrategy news

Short-selling veteran Jim Chanos warned that Coinbase and MicroStrategy are likely set for more weakness this year. Speaking with the...

May 27 2022

4 Coinbase Execs. Have Dumped $1.2B Worth of COIN Since its Public Listing

Summary: Four top Coinbase officials have sold $1 billion worth of COIN shares since the company went public. The Coinbase executives include Co-founders Brian Armstrong and Fred Ehrsam, its President and Chief Operating Officer Emilie Choi, and Chief Product Officer Surojit Chatterjee. They sold their shares at prices ranging from $189 to $422. Such sales are sometimes expected, particularly for founders, after having...

May 17 2022

Coinbase Slows Down Its Hiring Spree Due To Bad Market Conditions

Coinbase plans to focus on its currents employees and build through the crypto winter.

Coinbase Cuts Down Hiring After Q1 Losses Hit $420 Million

May 17 2022 Published at Coingape under tags  altcoin news coinbase (coin) news

Coinbase has announced their decision to cut down hiring after losing $420 million in the first quarter. This is according to information on a blog post from Coinbase. The Start Of A Bad Year For Coinbase? Coinbase is an online- based American company founded by Brian Armstrong and Fred Erhsam in 2012. It was established to...

After A Big Q1 Loss, This Crypto Exchange Is Slowing Down Hiring

May 17 2022 Published at Coingape under tags  coinbase (coin) crypto crash news

Crypto exchange Coinbase said on Tuesday it will slow down its hiring plans in the face of a market downturn. Emilie Choi, President and Chief Operating Officer at Coinbase wrote in a blog that the recent market crash has made the company reconsider its hiring goals for the year. The move is intended to help...

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