Coinbase shares to open lower after 75% drop in net income in Q3
Coinbase posted total net revenue of $1.235 billion in Q3 falling 30% short of FactSet estimates of $1.614 billion.
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Citi’s bullish Coinbase target: ‘Buy crypto’s general store’
Multinational investment bank thinks Coinbase stock is worth 30% more than its current price.
G7 Finance Ministers and Bankers Adopt Guidelines for Central Bank Digital Currencies
Any digital currency issued by a central bank must support financial and monetary stability, finance leaders from G7 member states have insisted. State-issued coins should also ensure privacy, transparency, and…
BREAKING: Coinbase plans to raise $1.5B via debt offering
Coinbase announced a $1.5-billion bond sale shortly after the SEC threatened to sue the firm over its lending program.
Russia Not Ready for Bitcoin as Legal Tender, Putin’s Spokesman Peskov Says
Russia has no reason to recognize bitcoin, President Putin’s press secretary has noted after El Salvador became the first country to adopt the digital coin as legal tender. In a…
Italian Soccer Champion Inter Secures $100 Million Crypto Partnership Deal
Inter Milan, Italy’s reigning soccer champion, has signed a partnership agreement with blockchain company Zytara Labs. The collaboration aims to provide users of the club’s mobile app with access to…
Bank of America Sees Long Road Ahead for Coinbase to Become the ‘Amazon of Crypto Assets’
Bank of America has initiated coverage of Coinbase Global. The bank has identified several factors that could boost Coinbase’s revenue. Regarding the crypto exchange’s plan to become “the Amazon of…