Coinbase

The post ARK Invest Sells $14.8M of Coinbase Shares Ahead Of Exchange’s Earnings Report appeared first on Coinpedia Fintech News Cathie Wood’s investment company ARK sold a total of 69,069 COIN shares worth $14.8 million on Thursday, the biggest single-day sale since May 7. The divestment means the company sold more Coinbase shares on the first day of August than in the previous two months combined. It sold $2.88 million of the shares in June and $7.93 million in July.…

The post Ark Invest Offloads Another 12K Coinbase Shares Worth $2.7M appeared first on Coinpedia Fintech News Ark Invest has offloaded another 12,077 Coinbase shares on Wednesday, worth $2.7 million. ARK’s latest Coinbase dump follows ARKW’s recent sale of 16,758 COIN shares on July 19. At the time of the sale, the transaction netted $4.3 million, with COIN trading at around $257. Ark’s investment strategy generally aims to avoid individual holdings taking up more than 10% of an ETF’s portfolio,…

An analyst from the CryptoQuant QuickTake platform has now drawn attention to a particular trend tied to the Coinbase Premium Index (CPI) which currently suggests a grim move brewing for Bitcoin. This indicator, when placed with its Simple Moving Average over 14 days (SMA14), has often shown a significant correlation with Bitcoin’s selling pressure, shedding light on how crucial its impact is on the market. Bull or Bear: What the Coinbase Index Tells Us Before diving into what the Coinbase…

On-chain data suggests that some Ethereum whales might be jumping off the bandwagon amidst the ongoing tug-of-war between bulls and bears. This phenomenon has become increasingly evident as transaction data from whale trackers reveals a significant uptick in whale activity over the past 24 hours. The majority of these transactions are directed towards various crypto exchanges, indicating a possible shift in strategy or sentiment among these large-scale investors.  Notably, on-chain transaction alerts from Whale_Alerts show that approximately $205 million worth…

The post Coinbase Seeks Court Order for SEC Document Disclosure in Crypto Lawsuit appeared first on Coinpedia Fintech News Cryptocurrency companies face a regulatory roadblock, and Coinbase is taking a stand. It’s time for change.  Coinbase Challenges Pre-SEC Days Paul Grewal, Coinbase’s Chief Legal Officer, took to X to share a significant development in the ongoing legal battle between Coinbase and the SEC. Grewal announced that Coinbase formally requested the Court to order the SEC to produce critical documents as part of…

As Bitcoin is experiencing an uptrend in price increasing by 12.6% in the past week to trade above $66,000, analysts at Coinbase in a Friday report have disclosed potential limitations to its upward trajectory due to “increasing sell orders” on the exchange. According to the report, the recent appreciation in Bitcoin’s value has tempted many traders to capitalize by selling, which could curb further gains. A Wall Ahead, What Happens To Bitcoin Then? This report, which analyzes the market’s overall…

BlockFi will begin distributing crypto assets to eligible customers via Coinbase starting in July 2024, with distributions processed in batches and notifications sent to registered email addresses. July 2024 Distributions Bankrupt crypto lender BlockFi will initiate its first interim crypto distributions via Coinbase in July 2024. The crypto firm announced through a post on X.com that these distributions will be processed in batches over the coming months.  Eligible clients will receive notifications through their registered email addresses. However, the post…

The post 150 Countries Can Now Easily Buy Crypto with Stripe and Coinbase! appeared first on Coinpedia Fintech News One of the world’s largest online payment companies, Stripe, will now help users buy crypto. This company, with headquarters in Dublin and San Francisco, is used by millions of major e-commerce firms for payments. Last month Stripe partnered with Coinbase to enter the crypto market. Stripe Crypto Facilities in the EU In 2023, Stripe handled around $1 trillion in payments, and…

The post Genesis Trading Transfers More Bitcoin To Coinbase, Can It Impact Bitcoin Recovery? appeared first on Coinpedia Fintech News Genesis Trading has transferred 600 BTC to Coinbase, valued at approximately $37.72 million. As a part of its ongoing bankruptcy liquidation procedures, Genesis Trading continues to liquidate substantial Bitcoin holdings. The latest move is part of a larger trend observed over the past month, during which Genesis Trading has moved more than 12,000 BTC to the popular cryptocurrency exchange. The…