Coinbase to Report Strong Earnings, ETF Benefits May Surprise Wall Street, Analysts Say
Coinbase is expected to report strong revenue numbers, given an uptick in crypto trading volume towards the end of 2023.
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Coinbase
Coinbase is expected to report strong revenue numbers, given an uptick in crypto trading volume towards the end of 2023.
Bitcoin approached the $50,000 level Monday for the first time in more than two years, but selling pressure on exchanges stalled the advance.
Bitcoin climbed over $46,000 for the first time in nearly a month early Friday, extending its gain for the week to nearly 10%.
January saw higher spot trading volume on centralized exchanges amid the approval of spot bitcoin ETFs in the U.S.
The decentralized social network Farcaster is enjoying a breakout after last week’s introduction of “Frames” – a new feature that could attract attention from developers and, eventually, mainstream users. CoinDesk’s Jenn Sanasie sat down with co-founder Dan Romero in an exclusive interview.
The digital asset investment firm has become the first of the ETF providers to diversify custody of its coins by tapping BitGo’s expertise in addition to Coinbase.
Craig Wright has repeatedly litigated anyone questioning his claim to be Satoshi, harming numerous people in crypto in the process. The Crypto Open Patent Alliance aims to put a stop to this as its case comes to court Feb. 5.
Miners such as Bitfarms (BITF), Hut 8 (HUT) and TeraWulf (WULF) were among the outperformers.
Analyst Own Lau noted higher trading volume, the recent approval of the spot bitcoin ETFs, and a potential win in the company’s lawsuit against the SEC as the main drivers for the upgrade.
Earlier this week, a federal judge asked attorneys with the U.S. Securities and Exchange Commission why – “big picture” – there wasn’t any sort of uniting regulation addressing crypto.