Coinbase

Coinbase cryptocurrency exchange and its CEO, Brian Armstrong, are facing a new lawsuit from a group of plaintiffs from California and Florida alleging that they were deceived into purchasing unregistered securities. This is not the first of Coinbase’s legal hurdles following the United States Securities and Exchange Commission (SEC) lawsuit from mid-2023. Lawsuit Alleges Coinbase Sold Unregistered Securities The new class action lawsuit was filed in the United States District Court for the Northern District of California, San Francisco Division.…

In the first quarter of 2024, Coinbase reported a staggering $1.6 billion in revenue, marking a significant increase from $772 million in the same period the previous year.  Coinbase’s first-quarter earnings report also revealed a significant uptick in insider selling, with multiple executives Coinbase, the leading cryptocurrency exchange in the United States, has announced record-breaking first-quarter revenue, surpassing analyst expectations and demonstrating the company’s resilience amid a booming crypto market. In the first quarter of 2024, Coinbase reported a staggering…

Coinbase, the largest U.S. crypto exchange, has released its Q1 2024 earnings report, posting a total revenue of $1.6 billion, a 72% increase quarter on quarter. The performance has been driven by the rising crypto asset prices and the launch of spot Bitcoin ETFs in the U.S. which further improved inflows into the market. Coinbase Earnings Surged in Q1 Coinbase’s net income reached $1.18 billion, $4.40 per share, translating to $1 billion in adjusted EBITDA in Q1. Comparatively, the adjusted…

The largest American cryptocurrency exchange, Coinbase, has added support for the Lightning Network on its platform to enable faster and cheaper payments. According to a blog post, the Lightning Network integration on Coinbase will reduce the cost of sending bitcoin (BTC) globally by 20x compared to the 2% charged on United States credit card transactions and the $30 paid for wire transfers. Coinbase Integrates Lightning Network Coinbase’s Lightning Network integration was spearheaded by Lightspark, a lightning infrastructure provider led by…

Coinbase has integrated the Bitcoin Lightning Network, marking a pivotal shift towards faster and more economical BTC payments. This integration caters specifically to the growing demand for efficient financial transactions. Indeed, it significantly reduces the time and cost associated with Bitcoin transfers. Coinbase Enables Bitcoin Lightning Network Recently, transaction fees on the Bitcoin network surged to record levels, with fees for medium-priority transactions exceeding $146 and those for high-priority transactions climbing to $170. Although the situation has normalized, with transaction…

Whale wallets moved 456 million Dogecoin (worth $69 million) to Coinbase, sparking concerns of an incoming dump that could further suppress the price of the meme coin. The tokens were sent from two whale wallets that have held Dogecoin since last year; they sent all their tokens, lending credence to the speculations of a looming dump. Dogecoin has dropped drastically over the past month, shedding close to a third of its value in that time. While the meme coin’s outlook…

The Market Capitalization of the meme coins is rallying at $53,373,995,100 with a surge of 2.56% at the time of writing this article. This is indeed a remarkable milestone that the segment has achieved amid high volatility following Bitcoin Halving last week. A settlement on the broader level has yet to be reached, but traders and investors are not holding themselves back from anything. They are rather venturing out to explore their options and accumulate or take profits home. WIF,…

Pepe has displayed immense strength over the past 24 hours, pumping 15%. Meanwhile, the new meme coin Dogeverse looks primed to explode next as its presale surges past $10 million. Coinbase PERP Listing Explodes Pepe Price Coinbase’s institutional-focused arm, Coinbase International Exchange, has launched Pepe perpetual futures contracts trading, enabling clients outside the United States to leverage trade the asset. The move sparked widespread excitement, and its launch on Tuesday was well-received by the market, with Pepe dominating the meme…

The Coinbase effect is on full display on PEPE coin prices as the memecoin celebrates its perpetual futures listing on the exchange. PEPE has celebrated a 33% price surge in the last 7 days which has seen it rise to the 45th-ranked cryptocurrency. PEPE investors are celebrating astounding returns following the Coinbase perpetual futures listing. Historically, the listing of coins on Coinbase has triggered a price rally. This phenomenon is still affecting the market with PEPE now enjoying the effect.…