As one of the largest cryptocurrency exchanges in the world, Coinbase (NASDAQ: COIN) stands to gain significantly from increased governmental and institutional adoption of Bitcoin. With the US government potentially holding a large Bitcoin reserve, the demand for secure and compliant platforms for trading and custody will likely increase. Coinbase's established infrastructure and regulatory compliance make it a prime candidate for managing these assets. As of press time, Coinbase was trading at $227. In the ...

A major consideration when choosing blockchain stocks is regulatory risk. Due to its young age, the blockchain industry does not yet have clear regulations. Understanding how future regulation could affect your investment is essential. This could be huge for the industry if Trump wins the upcoming election. Such a victory could bode well for the future of crypto regulation. With rising interest amongst institutional investors, these blockchain stocks could receive a huge boost in the future. Source: fatmawa ...

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Are tech stocks a sell nowadays? That depends on the potential opportunities specific to each company. In 2024's competitive election, some "little tech" stocks could benefit from Donald Trump's Candidacy. Below are 3 little tech stocks that may get that boost. It's hard to make a tech stock list that could benefit from a Trump victory without mentioning his own social media company. Donald Trump has always had a contentious relationship with both legacy and new media platforms. These tensions became even m ...

As we approach the end of July, the allure of high-flying growth stocks may be wearing thin for some investors. While these stocks have been the darlings of Wall Street during periods of bullish market sentiments, not all growth narratives continue upward indefinitely. In recent months, some growth stocks have shown signs of faltering under the weight of unrealistic expectations and fundamental economic shifts. Whether it's due to diminishing returns, market saturation, or unfavorable changes in their indus ...

Coinbase's roots and history of growth But these are just recent numbers. Previous rounds of fundraising show just how monumental Coinbase's growth story has been. Consider that in 2015 the company was valued at just under $500 million after its Series C fundraising. Since then Coinbase has grown by more than 12,000%; it is currently valued at roughly $65 billion. The company's commitment to innovation is evident in the launch of its very own blockchain, Base, and its role in the recently approved spot Bitc ...

It's worth noting that Intuitive Surgical reported earnings per share of $1.46 for Q1 2024. On a year-on-year basis, the EPS increased by 23.7%. That would imply a price-earnings-to-growth ratio of 2.9 and underscores my view on stretched valuations. In terms of positives, the number of da Vinci Surgical Systems installed in hospitals globally continues to swell. That has translated into a sustained increase in recurring revenue. Further, of the total 9,203 da Vinci system installed base, 5,385 are in the U ...

The earnings report, which is expected to be released on August 1, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $1.45 billion, up 104.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.51% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collecti ...

Coinbase Asset Management is reportedly creating a tokenized money market fund. In another move in the tokenization space, Ripple and Archax said in June that they extended their existing collaboration in an effort to bring hundreds of millions of dollars of tokenized real-world assets (RWAs) onto the XRP Ledger (XRPL) over the coming year. Tokenized RWAs have the potential to make assets more liquid, accessible and efficient while enhancing transparency, security and global reach. It also comes after asset ...

Due to its ability to provide secure and transparent records, blockchain is essential in tracking and verifying transactions and assets in different sectors. For instance, blockchain was proposed in vaccine management to guarantee the correct distribution. It has also been proposed for other use cases, such as giving people immutable digital identities akin to a virtual ID card for people in the developing world. Therefore, time is of the essence for investors to take advantage of these blockchain stocks be ...