Coinbase (COIN-USD) has become the leading U.S. exchange by trading volume. Over the past 12 months, COIN stock has rebounded by an astonishing 175%. The bullish outlook for 2024 relies on Bitcoin (BTC-USD) surpassing previous highs, with other leading tokens following. Rising crypto prices drive trading volumes, the main source of Coinbase’s revenue and earnings.Certainly, if we see an alt coin rally materialize this year, COIN stock could be an out-performer. That said, given the stock’s year-to-date decl ...

In a Wednesday (Jan. 17) court hearing, cryptocurrency exchange Coinbase Global made a comparison between buying cryptocurrency and collecting Beanie Babies.The comparison was presented as part of Coinbase’s defense against a Securities and Exchange Commission (SEC) lawsuit accusing the company of selling unregistered securities, Bloomberg reported Wednesday.William Savitt, a lawyer for Coinbase, argued that the tokens traded on the exchange should not be considered securities under SEC jurisdiction, accord ...

Coinbase Global, Inc. (COIN) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned -16.9%, compared to the Zacks S&P 500 composite's +1.2% change. During this period, the Zacks Securities and Exchanges industry, which Coinbase Global, Inc. falls in, has lost 3.7%. The key question now is: What could be the stock's future direction?Whi ...

America’s largest cryptocurrency exchange is scheduled to face the country’s securities regulator in court.And at Coinbase’s hearing on Wednesday (Jan. 17), the company will reportedly argue that the U.S. Securities and Exchange Commission (SEC) should abandon its case, as the tokens traded on the exchange are not the same as securities.That’s according to a report by Reuters, citing a source familiar with the case and court filings. The report notes that the case will likely have larger ramifications for t ...

The debut of the first spot Bitcoin exchange-traded funds ended up being a “sell the news” moment—not just for digital assets but for Coinbase Global stock. But for all of last week’s hype, Coinbase’s real challenges are still on the way. ...

It might be tempting to back up the truck and buy Coinbase (NASDAQ:COIN) stock because you heard about the approval of spot Bitcoin (BTC-USD) exchange-traded funds. However, I’m offering an unpopular opinion today. COIN stock could quickly retrace much of its rally from last year’s fourth quarter, so this is no time to make any hasty trades. Just as a reminder, Coinbase stock zoomed from $70 to $185 in late 2023. After such a parabolic run-up, there’s a big air pocket below and even long-term investors need ...

Former hedge fund manager, current media personality, energetic host of CNBC’s “Mad Money,” and generally a well-known figure in the world of investing and finance, Jim Cramer has accrued a wide array of fans and critics over the years.Throughout his career, Cramer has made many predictions on what the stock market might do and has many recommendations on what his viewers might do with their portfolios to get the best returns.However, recent years have proven that despite his popularity, Jim Cramer often te ...

When it comes to Tesla Inc.’s stock, Cathie Wood seems to subscribe to the Wall Street strategy of buying on dips and selling on rallies.Wood’s flagship ARK Innovation exchange-traded fund ARKK bought 94,733 shares of the electric-vehicle giant on Thursday, which at the closing price that day would be valued at $21.53 million.Tesla’s stock TSLA, -3.29% is the second-largest holding of the ETF, with a weighting of 7.9%, behind only Coinbase Global Inc.’s stock COIN, -5.85% at 9.28%. After a stretch of trimmi ...

Key PointsBitcoin-related stocks Coinbase, MicroStrategy, Marathon Digital and Riot Platforms traded lower as new spot Bitcoin ETFs went live.Large-cap Coinbase acts as the custodian for Grayscale's Bitcoin ETF, although regulatory and legal challenges persist.Bitcoin miners Marathon Digital and Riot Platforms have been showing volatile trade recently, reflecting investor indecision about valuation.5 stocks we like better than Coinbase GlobalAre Bitcoin-related stocks like Coinbase Global Inc. NASDAQ: COIN, ...

MIAMI, Jan. 12, 2024 (GLOBE NEWSWIRE) -- Hut 8 Corp. ((Nasdaq, TSX:HUT) ("Hut 8" or the "Company"), one of North America's largest, innovation-focused digital asset mining pioneers, and high performance computing infrastructure provider, announced today that, together with its subsidiary, Hut 8 Mining Corp. (the "Borrower"), it has entered into an amendment and restatement of its credit facility (the "Credit Facility") with a subsidiary of Coinbase Global, Inc. (NASDAQ:COIN) ("Coinbase"), as lender, in conn ...