Tag: Crypto

Coinbase shares jump 8% as reported revenue beats expectations

Shares of U.S. crypto exchange Coinbase jumped over 8% on Thursday after the company posted stronger-than-expected Q4 earnings. Cryptocurrency exchange Coinbase saw its shares jump 8.44% to $298.11 on Thursday, Feb. 13, after reporting its strongest quarterly revenue in three…...
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Michigan joins crypto reserve race with House Bill 4087

A bill to establish a strategic crypto reserve has been introduced in Michigan, making it the 20th state to consider a digital currency-backed reserve. Presented by Representatives Bryan Posthumus and Ron Robinson on Feb. 13, House Bill 4087 proposes allowing…...
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Brian Armstrong Wants To Handle Growing Volumes Of Memecoins By Adding DEXes Into Coinbase: ‘A Little Bit Like The Early Days Of The Internet’

Brian Armstrong, the CEO of Coinbase Global Inc. (NASDAQ:COIN), has voiced the necessity for a reevaluation of the company’s token listing process amid a surge in meme coin launches. What Happened: During the company’s fourth-quarter 2024 earnings call, Armstrong highlighted the cryptocurrency industry’s significant transformation, with an estimated 1 million...
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Will Crypto Markets React to $2B Bitcoin Options Expiring 

Around 21,300 Bitcoin options contracts will expire on Friday, Feb. 14, and they have a notional value of roughly $2 billion. This week’s expiry event is a little smaller than last week’s, which had very little impact on spot markets, which have lacked luster despite the steady stream of...
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South Korea Opens Crypto Market to Corporations, But Financial Firms Left Out

South Korea’s financial regulator is making strides in its approach to cryptocurrency by allowing certain organizations and corporations to open bank accounts for crypto transactions, according to latest report. This move, which comes as part of the Financial Services Commission’s (FSC) broader effort to align with global standards, marks...
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XRP Outshines Bitcoin, Ethereum After SEC Acknowledges Grayscale ETF Filing

XRP (CRYPTO: XRP) emerged as one of the biggest large-cap gainers Thursday following the SEC’s acknowledgment of its exchange-traded fund application by Grayscale Investments.  What happened: The third-largest cryptocurrency by market capitalization was up over 4% in the last 24 hours, while blue-chip currencies like Bitcoin (CRYPTO: BTC) and...
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Bitcoin Reserve Bill In Texas Removes $500 Million Buying Cap

Texas Senator Charles Schwertner has refiled a strategic Bitcoin reserve bill under the new designation “SB 21,” removing the previous annual purchasing cap of $500 million and paving the way for significantly larger state-level investments in Bitcoin (BTC). The refiled legislation also broadens its reach to include other crypto...
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