Tag: NASDAQ:COIN
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Crypto This Tuesday: Coinbase Buys Part of Circle, Phantom Introduces Simplified Solana Login, and More
Coinbase acquires Circle stake, overhauls USDC governance Coinbase (NASDAQ:COIN) announces the acquisition of an equity interest in Circle (COIN:USDCUSD) and the end of the Center Consortium, co-manager of USDC. With the regulatory evolution of stablecoins, the need for Center has reduced. Circle will have full control of USDC, which will expand to six more blockchains. Both companies will…
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Tuesday’s Wall Street Highlights: Baidu, Lowe’s, American Airlines, S&P Global, and more
US Index Futures are up in Tuesday’s premarket, extending the correction movement started yesterday, after a sequence of declines, keeping an eye on corporate news and waiting for indicators and members of the Federal Reserve. By 6:51 AM, Dow Jones (DOWI:DJI) futures were up 77 points, or 0.22%. S&P 500 futures were up 0.39% and Nasdaq-100 futures…
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Crypto This Monday: Buterin Transfer Shakes Crypto Market, Friend.tech Captivates Celebrities, and More
Withdrawals after market crash In the last week, crypto asset managers such as Grayscale and Bitwise have seen outflows of $55 million, reversing previous inflows of $28.5 million. This move was influenced by the crypto market crash, with Bitcoin (COIN:BTCUSD) and Ether (COIN:ETHUSD) down around 11% and 10% in the past week, respectively. The delay in deciding…
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Crypto This Thursday: Bitcoin Under 28K, Troubled Shibarium Launch, and More
Pressure on cryptocurrencies On Thursday, cryptocurrencies took a hit due to renewed concerns about the US economy. This drop occurred after the release of records from the last Federal Reserve meeting, where the body expressed concerns about inflation and possible interest rate hikes. As a result, the stock market has slumped and the 10-year US Treasury yield…
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Crypto This Wednesday: Coinbase to Trade Crypto Futures, Ledger Integrates with PayPal, and More
Coinbase gets approval for cryptocurrency futures, boosts its shares Coinbase Global (NASDAQ:COIN) gained approval from the National Futures Association to offer cryptocurrency futures contracts to U.S. retail customers, leading to a 5% increase in its stock ahead of the market open. This approval comes as Coinbase is in litigation with the SEC, which alleges that the…
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Crypto This Tuesday: Jacobi Launches Spot Bitcoin ETF in Europe, Prime Trust Declares Bankruptcy, and More
Jacobi opens European mark with Spot Bitcoin ETF on Euronext Amsterdam London-based Jacobi Asset Management has launched Europe’s first physical Bitcoin ETF on Euronext Amsterdam, nearly two years after its initial approval. The ETF, named Jacobi FT Wilshere Bitcoin, is overseen by the Guernsey Financial Services Commission and has the ticker “BCOIN”. Fidelity Digital Assets handles custody,…
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Crypto This Monday: HBAR Jumps, Trump Unveils Crypto Equity, PayPal Introduces Cryptocurrencies Hub, and More
Hedera Hashgraph and the rise driven by FedNow Hedera Hashgraph’s HBAR token (COIN:HBARUSD) is up 17.65% at press time. The move came after the Federal Reserve’s FedNow added Hedera-based micropayments platform Dropp. FedNow is the Fed’s instant payment service. Meanwhile, Bitcoin (COIN:BTCUSD) and Ethereum (COIN:ETHUSD) are up 1.05% and 0.68% over the last 24 hours, respectively. BALD’s…
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Crypto this Friday: Visa Tests Ether Fees, Kraken Outperforms Coinbase on Altcoins, SEC Delays ARK ETF
SEC postpones decision on ARK Bitcoin ETF SEC has postponed the decision on the Bitcoin ETF proposed by ARK Investment Management. On August 11, SEC launched a 21-day public comment period for the ETF. ARK had filed in May, and SEC has until January 2024 to decide. To be listed, the ETF needs to meet certain regulatory criteria. Cathie…
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Crypto this Thursday: Amazon Launches Exclusive NFTs, Coinbase Base Starts Slow, and More
Amazon dives into the Play-to-Earn universe with exclusive NFTs Amazon (NASDAQ:AMZN) is offering its 170 million top subscribers the chance to claim unique non-fungible tokens (NFTs) in popular blockchain games such as Mojo Melee and Blankos Block Party. Starting August 9th, Amazon Prime members will receive a variety of NFTs that offer unique benefits in games…
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Crypto this Wednesday: SpiritSwap Closes Operations, Aptos Labs and Microsoft Partner, and More
Bitcoin teeters near $30,000 as investors watch US inflation Bitcoin approached $30,000 on Wednesday morning as investors await the US July Consumer Price Index (CPI). Core inflation, excluding food and energy, is expected to reach 0.4%, indicating lower inflation, which may reduce the chances of a Federal Reserve rate hike. Analyst Oliver Rust predicts a rise in…