Coinbase Stock Plunges After SEC Warning
Crypto exchange Coinbase saw its stock plunge in after-hours trading on Wednesday after weeks of continued growth. The company’s shares have been close to 20 percent down compared to their close price of $77.14 due to a warning from Securities and Exchange Commission (SEC).
In...
Cathie Wood’s Ark Invest Buys $20.6 Million-Worth Coinbase Shares
Crypto exchange Coinbase has seen its stock plummet by more than 17% this week as a result of the crisis in the cryptocurrency market caused by the collapse of crypto-friendly Silvergate Bank. Ark Invest, helmed by famed investor Cathie Wood, used this opportunity to...
Coinbase CEO Says They “Try Not to Get Focused on Short-Term Ups and Downs”
It seems like the “crypto winter” isn’t going away anytime soon, but Coinbase CEO Brian Armstrong doesn’t seem to be worried about it at the moment. In a recent interview with CNBC, Armstrong said that crypto downturns are nothing unusual and that the crypto...
Coinbase Stock Soars 15% After Partnership With BlackRock
Crypto exchange Coinbase has seen its stock (COIN) soar 15% on Thursday following an announcement of the partnership with investment management firm BlackRock. The partnership between the two companies will allow institutional clients to buy Bitcoin, something that investors obviously see as a positive...
Goldman Downgrades Coinbase Stock from Neutral to Sell
Goldman Sachs analysts are not high on shares of cryptocurrency exchange Coinbase despite signs that the crypto market is healing. The analysts at the American investment bank have recently updated the rating of Coinbase stock (COIN) and downgraded it from Neutral to Sell.
Sending a...
Coinbase Announces Decision to Lay Off 1,100 Employees
Coinbase, one of the world's largest cryptocurrency exchanges, announced that it will lay off 18 percent of its workforce as a result of a possible recession and upcoming "crypto winter." This means that around 1,100 of Coinbase's full-time employees will have to search for...