A test case for mainstreaming cryptocurrency is coming to a local coffee chain in the nation’s capital, FOX Business has learned. Compass Coffee, a veteran-owned coffee brand with a dozen stores in the D.C. area, is partnering with the U.S.’s largest crypto exchange, Coinbase, to offer customers the option to pay for their morning brew with USDC, a so-called "stablecoin," a form of cryptocurrency that works like a digital dollar.On Wednesday, customers who pay with USDC at Compass’s Half Street location wil ...

The broader U.S. equity markets mostly trended down over the past few trading days on concerns regarding inflation and its consequence on the Federal Reserve’s pledge for a slew of rate cuts this year. The Producer Price Index (PPI) for February was up 0.6% month over month compared to broad-based expectations of a 0.3% rise. On a year-over-year basis, the PPI increased 1.6%, the highest since September 2023.The higher-than-expected PPI reading, widely considered a measure of wholesale inflation, propelled ...

Thus far, 2024 equity markets have overwhelmingly favored the bulls. However, even the strongest bull markets endure pullbacks and consolidations. Below are some reasons stocks are due for a pullback:GravityThe S&P 500 Index has gone an incredible 19 weeks without tagging the 10-week moving average. Such a strong rally is incredibly rare. However, even the strongest rallies must eventually correct through time or price. Investors should think of the 10-week moving average as a bungee cord – the further and ...

Coinbase (NASDAQ:COIN) stock is one of the beaten-down tech stocks that’s rebounded most impressively in 2024. The company’s recent results point to strong earnings growth, in line with the recent rally across most crypto assets.Bitcoin (BTC-USD) has led the way higher this year, growing over 65% just this year. With most large- and mid-cap cryptos seeing similar rises, transaction volumes have picked up as traders step back in the game. For Coinbase, which generates most its revenue and earnings from trans ...

Coinbase Global (COIN -6.64%) stock has been riding the recent crypto wave higher. Shares of the cryptocurrency exchange platform have rocketed higher by more than 70% over the past month. That coincides with a surge in value within the digital assets market, including a nearly 50% rise in the price of Bitcoin.Coinbase is considered a beneficiary as more investors seek to hold the leading cryptocurrency in their portfolio. That's the environment that led JMP Securities analyst Devin Ryan on Wednesday to boo ...

Remote-First-Company/SANTA FE, N.M.--(BUSINESS WIRE)--Coinbase Global, Inc. (“Coinbase”) (Nasdaq: COIN) today announced the pricing of $1.1 billion aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the offering was increased from the previo ...

Cathie Wood has been right about Coinbase (NASDAQ:COIN) in the past, although the timing of some previous buys and sells may still be questioned by her followers. Still, her accumulation of COIN stock during the previous bear market in crypto has allowed Wood to cash out. And cash out she has.Wood’s daily transactions show that the the famous investor’s Ark Next Generation Internet ETF (NYSEARCA:ARKW) disposed of more than 9,000 Coinbase shares over the past trading day. Those shares were worth around $2.3 ...

Coinbase Stock Has Quintupled. Why It Could Keep Going Higher. ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...