Minddoc7
1 week ago
TipRanks Article: Friday, December 20, 2024. Coinbase price target raised to $390 from $245 at Monness Crespi.
" Monness Crespi raised the firm’s price target on Coinbase (COIN) to $390 from $245 and keeps a Buy rating on the shares. The firm is a buyer of Coinbase on yesterday’s weakness. If the new administration wants to maneuver a crypto currency strategic reserve, there are avenues controlled by Department of Treasury via the Exchange Stabilization Fund, and this topic will “increasingly come into conversation,” the analyst tells investors in a research note. Monness does not bake in a strategic reserve occurring, though it sees the path using the Exchange Stabilization Fund in the U.S. This would likely benefit custody leaders like Coinbase, the firm contends."
https://finance.yahoo.com/news/coinbase-price-target-raised-390-125014514.html
rbl100
2 weeks ago
Coinbase headquarters will soon be raided by FBI. The scam is at it's end. I proved they never answer or support and the account on X is fraudulent. No legitimate company only uses X for customer support. This is the biggest red flag ever. Beware.
" Dear Crypto Investors,
We urge you to exercise extreme caution regarding #COINBASE AkA Conbase. Reports have emerged indicating that #Coinbase is engaged in deceptive practices that have the potential to put your funds at serious risk. #COINBASE claims to be a reputed platform for cryptocurrency transactions and investments but operates in a manner that can lead to significant financial loss.
Blocked Access to Funds: If you have invested with #coinbase, be prepared for potential access blocks to your funds. They employ tactics that they justify as "for your protection", citing regulatory compliance or security issues, but in reality, these practices are meant to keep your funds locked away while they exploit their customers.
Upon signing up with #COINBASE, you may find the following misleading terms within their lengthy and convoluted Terms and Conditions:
- "Funds may be temporarily restricted for security assessments and compliance checks as deemed necessary by the company." - "Users must agree that #coinbase reserves the right to withhold any and all withdrawals during any review period."
- #Coinbase is not liable for any losses incurred due to limitations placed on your account as a result of our internal policies."
- "By using our services, you acknowledge that #coinbase may unwind any transaction and block access to your funds at its sole discretion if deemed to protect the company or its users."
Your financial security is paramount. Stay vigilant and avoid companies like #coinbase that may promise outstanding returns but could potentially trap you in fraudulent practices. "
Minddoc7
3 weeks ago
What???? Yes, that's why I'm sure the US Government has picked COINBASE as it's crypto exchange. Have a good day!
Article: US Government Shuffles 19,800 Bitcoin, Sending 10,000 BTC to Coinbase December 3, 2024
Written By: Elendu Benedict
" Notably, the US Marshals Service—an agency under the US Department of Justice—announced in July that it has selected Coinbase Prime as a custody provider. Per the disclosure, the leading exchange will provide custody and trading services for the agency’s “Class 1” cryptocurrencies. "
https://thecryptobasic.com/2024/12/03/us-government-shuffles-19800-bitcoin-sending-10000-btc-to-coinbase/
Minddoc7
3 weeks ago
Today's Barron's Article: Crypto Trading Frenzy Leads Analyst to Hike Price Targets for Coinbase, Robinhood Stock
Story by Joe Light
"Needham & Co. analyst John Todaro on Monday raised his price target on Coinbase to $420 from $375 and on Robinhood to $52 from $40, while keeping Buy ratings on both companies."
"Key to both companies’ fortunes has been the election of Donald Trump and his promise to ease regulation of the industry in the U.S."
"Securities and Exchange Commission Chair Gary Gensler led an industry crackdown, accusing many crypto firms of violating securities laws and limiting the availability of many tokens and products to U.S. investors. On the other hand, Paul Atkins, Trump’s pick to lead the SEC, has supported the industry, even acting as an adviser to a crypto trade group. Trump has also appointed tech investor David Sacks to act as a crypto and artificial intelligence czar in the White House."
" Both Robinhood and Coinbase are already benefiting from a rebound in retail interest in crypto trading. Todaro wrote that Coinbase’s December volume is 'on track for their best month ever.'"
"A return of traders—as well as easing regulatory pressures—will bolster Coinbase’s efforts to offer new tokens and other products, Todaro said."
"The Trump bump of crypto prices and related stocks, it seems, is just beginning."
https://www.msn.com/en-us/money/markets/crypto-trading-frenzy-leads-analyst-to-hike-price-targets-for-coinbase-robinhood-stock/ar-AA1vxT8G
Minddoc7
3 weeks ago
Article: Massive Increase! Hedge Funds Pour Millions into Coinbase
8. December 2024 by Maxwell Djordjevic
" Coinbase Global, a key player in the cryptocurrency market, has recently seen significant interest from institutional investors. Leading the surge is XTX Topco Ltd, which skyrocketed its investment in the company by an astounding 818.2% during the third quarter, boosting its total holdings to 13,167 shares valued at approximately $2.35 million. This notable increase highlights a growing confidence in the potential of cryptocurrency exchanges."
"Other investment firms have also adjusted their positions in Coinbase. Empowered Funds LLC slightly increased its ownership by purchasing a few additional shares, while Creative Financial Designs Inc. ADV expanded its stake by 9.4% during the same period. In the previous quarter, Fifth Third Bancorp grew its holdings marginally, reflecting a broad trend of hedge funds consolidating their investments in Coinbase."
" Coinbase Global continues to be at the forefront of the cryptocurrency market, drawing substantial interest from institutional investors. Notably, XTX Topco Ltd has dramatically increased its investment in Coinbase, marking an 818.2% surge in holdings during the third quarter. This strategic move underscores a significant vote of confidence in cryptocurrency exchanges from major market players."
Looking Ahead: Predictions and Strategic Directions:
"The future for Coinbase appears promising yet challenging, with institutional backing lending strength to its market presence. The increasing acceptance of cryptocurrencies bodes well for platforms like Coinbase; however, the company must navigate the hurdles of market volatility and regulatory oversight."
https://www.jomfruland.net/massive-increase-hedge-funds-pour-millions-into-coinbase/
Minddoc7
3 weeks ago
Article: TradingView Adds Coinbase Perpetual Swaps in Platform Expansion
Saturday, 07/12/2024 | 09:39 GMT-5 by Damian Chmiel
The charting platform has integrated Coinbase's perpetual cryptocurrency swaps, allowing users to analyze contracts on digital assets.The partnership expansion includes access to Coinbase's Coin 50 index, a popular benchmark for the crypto market.
TradingView, the financial platform and social network for traders and investors, announced the integration of Coinbase's perpetual cryptocurrency swaps into its charting and analysis tools. The expansion marks another development in the platform's cryptocurrency offerings this month, enabling traders to analyze contracts on major digital assets including Bitcoin and Litecoin.
Coinbase Expands Partnership with TradingView
The integration introduces perpetual futures data from Coinbase, which ranks as one of the largest cryptocurrency exchange by trading volume. Users can now access and analyze perpetual swaps on both major cryptocurrencies and emerging altcoins through TradingView's interface.
“TradingView users have long benefited from Coinbase’s spot data available on our platform,” TradingView commented in the official statement. “Today, we’re expanding our partnership with the exchange by integrating perpetual futures data. This step further allows traders to explore perpetual swaps on major cryptocurrencies as well as emerging altcoins, opening up new horizons for crypto analysis.”
The platform now includes contracts tracking the Coin 50 index, Coinbase's benchmark that monitors the top 50 digital assets by market capitalization and liquidity. Users can access the new data through TradingView's Symbol Search functionality by using the COINBASE prefix and selecting the Swap option in the Crypto tab.
“We hope the addition of Coinbase’s perpetual swaps will help you explore crypto markets more effectively,” TradingView added. “Remember, our platform reliably connects to hundreds of data feeds, with direct access to 2,019,615 instruments from all over the world.” Crypto Coins Screener Adds User Sentiment Tracking
In the separate move, TradingView presented an upgrade to its screener service for crypto coins, enabling traders to track social sentiment metrics, offering deeper insights into market psychology and user engagement patterns across digital assets.
The enhanced screener introduces eleven new social metrics, including sentiment percentage, social dominance, and engagement measurements, providing traders with comprehensive tools to evaluate market perception and potential cryptocurrency performance.
The platform now measures sentiment on a 0-100 scale, where scores near 100 indicate strong positive sentiment, while those approaching zero reflect negative market perception. Social dominance tracking reveals a token's relative popularity compared to other cryptocurrencies .
Almost two months ago, TradingView was announcing a partnership with another major crypto exchange, HTX, enabling direct crypto trading from the popular charging platform.
“We are excited to announce this long-term strategic partnership with TradingView,” HTX stated. “With TradingView's Broker feature, HTX users will benefit from a more streamlined and convenient trading experience, while TradingView users will gain access to HTX's premium services and resources.”
https://www.tradingview.com/news/financemagnates:8b68f8a42094b:0-tradingview-adds-coinbase-perpetual-swaps-in-platform-expansion/
Minddoc7
4 weeks ago
Article: Coinbase Premium Index Surges as BTC Hits Six Figures: Is $100K Just the Beginning?
Author: Chayanika Deka Dec 5, 2024
Experts state that Bitcoin’s $100,000 milestone is a “springboard and not a finish line.” The next major milestone for the crypto now stands at $1 million.
For the first time, Bitcoin has crossed the $100,000 mark after struggling for two weeks due to significant profit-taking. Institutional demand has played a key role in driving the market’s momentum and subsequently helping the world’s largest cryptocurrency to hit the milestone.
According to CryptoQuant, the Coinbase Premium Index spiked, depicting sustained buying pressure from US-based investors. The premium indicates that Bitcoin is being traded at higher prices on Coinbase compared to other global exchanges, reflecting heightened interest among institutional and high-net-worth clients in the United States.
What’s in Store For 2025
Zooming out, Bitcoin has been influenced by positive market trends, enhanced regulatory transparency in the US, and institutional participation through Bitcoin ETFs. Currently, the crypto market is riding a wave of optimism as governments and institutions globally adopt blockchain technology, creating a foundation for wider acceptance and investment in digital assets.
This shift highlights the ecosystem’s maturity and its potential for long-term expansion. Analysts predict Bitcoin will continue to gain traction, pushing its price higher in 2025.
In a statement to CryptoPotato, Binance’s Head of Regional Markets Vishal Sacheendran said,
“In the next year, the outlook for crypto appears increasingly promising. As regulatory frameworks become more comprehensive, the industry is likely to see enhanced security measures, greater transparency, and improved accessibility for retail and institutional investors. The launch of Bitcoin ETFs and, more recently, Bitcoin ETF options, has played a key role in the recent market rally and simplified access for institutional investors, allowing them to gain exposure and manage risks more effectively.”
A Springboard, Not a Finish Line
Presto Research views Bitcoin’s $100,000 milestone as a springboard rather than a finish line, highlighting its relative infancy compared to other major macro assets. With Bitcoin’s market cap still modest, it remains inaccessible for top-tier institutional investors like sovereign wealth funds, public pensions, and central banks, which require sufficient market depth to execute sizable trades.
Presto expects $1 million to be the next pivotal milestone, where Bitcoin’s market cap would rival gold’s $18 trillion valuation, making it a viable option for these asset allocators.
However, surpassing $100,000 brings challenges, particularly selling pressure from long-term holders (addresses holding BTC for 155+ days). Historical trends show significant hodler selling at new all-time highs, with ~1 million BTC already offloaded in this cycle for $62 billion at an average price of $67K.
Encouragingly, this cycle lacks concentrated “relief selling” seen at prior peaks. Presto noted that demand growth, more than selling pressure, determines market tops, and strong demand signals – boosted by ETF approvals, crypto-friendly policies, and global liquidity expansion – could absorb selling pressure and sustain Bitcoin’s rally.
https://cryptopotato.com/coinbase-premium-index-surges-as-btc-hits-six-figures-is-100k-just-the-beginning/
Minddoc7
4 weeks ago
Article: Coinbase's chief legal officer Paul Grewal sells $3.06M in stock
Insider Trading
Published 12/04/2024, 04:11 PM
Paul Grewal, the Chief Legal Officer of Coinbase Global , Inc. (NASDAQ:COIN), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Grewal sold a total of 10,000 shares of Coinbase's Class A common stock on December 2, 2024. The shares were sold at prices ranging from $300.77 to $310.84, amounting to a total value of approximately $3.06 million. The transaction comes as Coinbase's stock has delivered impressive returns, with a 77.87% gain year-to-date and the company achieving substantial revenue growth of 90.33% over the last twelve months.
Following these transactions, Grewal retains ownership of 69,407 shares in the company. The sales were conducted under a pre-arranged trading plan, which was adopted on August 28, 2024, during an open trading window. This type of plan allows executives to sell a predetermined number of shares at set times, providing them with an opportunity to manage their holdings while avoiding potential insider trading violations. According to InvestingPro, which offers exclusive insights through its comprehensive Pro Research Reports, Coinbase appears overvalued at its current market capitalization of $82.57 billion.
Coinbase, a leading cryptocurrency exchange, has seen its stock fluctuate significantly in recent months, reflecting the volatile nature of the crypto market. InvestingPro analysis highlights this volatility with multiple indicators, including a beta of 3.58. Investors will be watching closely to see how these insider transactions might influence the company's stock performance in the coming weeks.
In other recent news, Coinbase Global Inc. has been the subject of several analyst reports. Oppenheimer raised its price target for the cryptocurrency exchange to $358, maintaining an Outperform rating. This adjustment comes in the wake of favorable political developments, including the election victory of Donald Trump, which is perceived to be beneficial for the crypto industry.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.
Meanwhile, H.C. Wainwright reduced its price target for Coinbase to $255, citing a rare revenue shortfall for the third quarter of 2024. Despite this, the firm maintains a Buy rating on the stock, expressing optimism about the stock's prospects over the next year.
Monness, Crespi, Hardt maintained a Buy rating on Coinbase, highlighting the company's $1 billion share buyback program and strategic focus on crypto utility. Lucid (NASDAQ:LCID) Capital Markets also initiated coverage on Coinbase with a Buy rating, setting a price target of $13.50, based on an expectation of NAV stability barring a major economic downturn.
In other recent developments, Coinbase reported a positive adjusted EBITDA for the seventh consecutive quarter and a positive net income for the fourth consecutive quarter. The company's revenue from subscriptions and services is projected to surpass $2 billion in 2024, reflecting a successful shift from dependence on transaction fee revenue.'s resili
Despite these insiders' sells, COIN has repeatedly displayed it's resiliency and that it wants to run. IMO, that makes it a great LONG TERM hold. GLTA!
https://www.investing.com/news/insider-trading-news/coinbases-chief-legal-officer-paul-grewal-sells-306m-in-stock-93CH-3755058
Investors3
4 weeks ago
Fiat-to-crypto in seconds with Apple Pay
TL;DR: Today, we’re excited to announce the launch of Apple Pay for all fiat-to-crypto purchases via Coinbase Onramp, the easiest tool to build onramps into your existing products.
By Coinbase Product, December 2, 2024
https://www.coinbase.com/blog/Fiat-to-crypto-in-seconds-with-Apple-Pay
Introducing Coinbase Prime Onchain Wallet: The easiest and most trusted gateway to operate onchain
Tl;dr
Coinbase Prime Onchain Wallet, formerly Prime Web3 Wallet, is an institutional-grade wallet that enables seamless onchain interactions and delivers secure asset storage across Ethereum, Base, EVM networks, and Solana.
Since launching Onchain Wallet last year, we’ve released a number of new features to enhance client workflow efficiencies. Prime Onchain Wallet is fully integrated with Coinbase Prime, and is now available for self-serve onboarding which streamlines the administrative process of account opening.
Coinbase continues to invest in our Onchain Wallet capabilities and the next iteration will include API-based access that will further enhance institutions’ ability to automate complex workflows.
By Coinbase Product, December 2, 2024
https://www.coinbase.com/blog/introducing-coinbase-prime-onchain-wallet-the-easiest-and-most-trusted-gateway-to-operate-onchain
Welcome Rob Witoff to the Coinbase Exec Team
By Emilie Choi Company, December 2, 2024
At Coinbase, we’re a team of builders. We hire and attract some of the brightest minds in crypto, many of whom are entrepreneurs, and have a rich history of our employees going on to start their own companies. Sometimes it comes full circle.
I’m excited to share that Coinbase alumni Rob Witoff is re-joining us as our new Head of Platform and member of the Executive Team. Rob will lead Coinbase’s platform, which powers the most trusted & easiest to use products in crypto...
https://www.coinbase.com/blog/Welcome-Rob-Witoff-to-the-Coinbase-Exec-Team
Minddoc7
4 weeks ago
Article: US Government Shuffles 19,800 Bitcoin, Sending 10,000 BTC to Coinbase December 3, 2024
Written By: Elendu Benedict
" Notably, the US Marshals Service—an agency under the US Department of Justice—announced in July that it has selected Coinbase Prime as a custody provider. Per the disclosure, the leading exchange will provide custody and trading services for the agency’s “Class 1” cryptocurrencies. "
https://thecryptobasic.com/2024/12/03/us-government-shuffles-19800-bitcoin-sending-10000-btc-to-coinbase/
Minddoc7
4 weeks ago
Coinbase price target raised to $397 from $183 at Goldman Sachs
Goldman Sachs analyst Will Nance raised the firm’s price target on Coinbase (COIN) to $397 from $183 and keeps a Neutral rating on the shares. Since the election, the median payment technology stock in coverage has increased 18%, with higher beta growth names with pro-cyclical exposure, among other factors, outperforming the most, the analyst tells investors in a research note. The firm believes fintech is a net beneficiary of a stronger economy and inflation as well as many of the potential policy changes in the new administration. However, against the backdrop of more elevated valuations and limited visibility to an acceleration in fundamentals, it prefers “to be a bit more selective.
”https://www.tipranks.com/news/the-fly/coinbase-price-target-raised-to-397-from-183-at-goldman-sachs
Minddoc7
1 month ago
Article: Zacks Investment Ideas feature highlights: Oklo, Coinbase Global, Tesla, GEO and Energy Select Sector SPDR ETF November 22, 2024
"2. Coinbase Global
Coinbase, the leading U.S. crypto exchange, has been one of the best performing stocks over the past year. However, the stock performance is even more impressive when investors consider the fact that the current political regime has been a thorn in the company’s side. For example, the Securities and Exchange Commission (SEC) sued Coinbase after alleging that it is operating an “unregistered” exchange.
However, Coinbase received some welcome news when then-candidate Trump announced to a cheering crowd at a Bitcoin conference that he intends to fire SEC Chair Gary Gensler on day one of his presidency. Meanwhile, Coinbase CEO Brian Armstrong is already making inroads with the new administration and is expected to meet with Trump and his team to advise them on crypto policy."
https://finance.yahoo.com/news/zacks-investment-ideas-feature-highlights-100000397.html
Minddoc7
1 month ago
Coinbase CEO Brian Armstrong Perfect For Crypto Czar Role - Charles Hoskinson
"Cardano founder Charles Hoskinson has thrown his weight behind Coinbase CEO Brian Armstrong as the best choice for a potential “crypto czar” position in the Trump administration.
The informal title of “czar” in the U.S. typically refers to high-ranking executive officials tasked with overseeing specific policy domains.
Hoskinson’s endorsement comes amid speculation that President-elect Donald Trump may establish a dedicated crypto committee to shape the nation’s policy on digital assets."
"Trump’s victory in the 2024 election, alongside his pro-crypto appointments in key administrative roles, has energized the industry.
Hoskinson’s efforts align with a broader movement among stakeholders to influence crypto policy as the U.S. prepares for a significant shift in regulatory direction.
In addition to Hoskinson’s advocacy, reports suggest that President-elect Trump is set to meet with Brian Armstrong to discuss potential candidates for the SEC chair position.
The 2024 elections underscored the growing political influence of the crypto sector, with leading firms contributing hundreds of millions of dollars to support pro-crypto candidates.
Their efforts paid off, as they secured over 270 pro-crypto members in the House of Representatives and nearly a dozen in the Senate."
https://www.ccn.com/news/crypto/coinbase-brian-armstrong-crypto-czar-charles-hoskinson/
Minddoc7
1 month ago
***Donald Trump and Coinbase CEO To Meet for Key Talks on Crypto and Second-Term Plans***
"One of the main topics likely to come up during the meeting is the appointment of the next chair of the Securities and Exchange Commission (SEC), along with the Treasury Secretary position.
Trump, who has made pro-crypto statements during his campaign, has already pledged to create a presidential advisory council tasked with developing clear regulatory guidelines for Bitcoin and the crypto industry.
If the meeting with Armstrong is any indication, Trump appears poised to follow through on these promises."
"Trump’s decision to meet with Armstrong marks a shift in Washington’s approach to the crypto industry. After years of regulatory uncertainty under the Biden administration, the meeting signals potential changes in U.S. crypto policy that could reshape the sector.
The crypto industry has long fought for clearer regulatory frameworks, as it has faced an ongoing battle with the Biden administration over legal and regulatory issues. If Trump follows through with crypto-friendly reforms, it could lead to a more progressive approach to the industry.
Such a move could not only accelerate crypto adoption in the U.S. but also influence global policies, with other countries likely to follow America’s lead."
https://www.ccn.com/news/crypto/donald-trump-coinbase-ceo-meet-crypto-and-second-term-plans/