Coinbase Plans $1B Bond Sale That Avoids Hurting Stock Investors, Copying Michael Saylor’s Successful Bitcoin Playbook
The convertible notes Coinbase wants to sell include provisions aimed at aiding its stock investors.
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Coinbase
The convertible notes Coinbase wants to sell include provisions aimed at aiding its stock investors.
The brokerage firm lifted its rating on the crypto exchange’s shares to market perform from underperform.
Coinbase Inc. (COIN) has accused the U.S. Securities and Exchange Commission of ignoring the law when it rebuffed the company’s formal petition for crypto rules, according to a filing Monday in the U.S. Court of Appeals for the Third Circuit.
Positive drivers such as spot ETF inflows are likely to meet some important macro and technical headwinds in the coming weeks, the report said.
ARK Invest aims to have no individual holding surpass a 10% weighting of an ETF’s value, making such large sell offs necessary when an asset surges in value.
The bank lifted its rating on the stock after bitcoin hit record highs and the crypto exchange’s trading volume reached levels not seen since 2021.
Nigeria’s government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken.
The long list of primary elections Tuesday across 15 U.S. states will steer the fates of many seats in Congress and further solidifies the presidential showdown later this year, but Coinbase CEO Brian Armstrong said it’s also a “chance to send a message” to federal politicians who’ve declined to come up with crypto policies.
Bitcoin {{BTC}} lost 23.7% of its value against its Euro trading pair on Coinbase amid a period of volatility on Tuesday.
In an insider trading case involving Coinbase’s former product manager Ishan Wahi, his brother Nikhil Wahi and their friend Sameer Ramani, a U.S. court ruled on March 1, 2023, that the trading of certain crypto assets on a secondary market, which Coinbase is, are securities transactions.