Buying a Coinbase stock (COIN) to gain indirect exposure in the Bitcoin (BTC) market has been a bad strategy so far compared to simply holding BTC. Notably, COIN is down by nearly 50% to almost $186, if measured from the opening rate on its IPO on April 14, 2021. In comparison, Bitcoin outperformed the Coinbase stock by logging fewer losses in the same period — a little over 30% as it dropped from nearly $65,000 to around $41,700 What's bothering Coinbase? The correlation between Coinbase and Bitcoin has been largely positive to date, however, suggesting that many investors consider them …

Bitcoin (BTC) could be seeing renewed interest from big buyers as data shows large tranches of coins leaving major exchange Coinbase. As shown by monitoring resources including Whale Alert and CryptoQuant on March 11, an unknown wallet has received almost 30,000 BTC from the U.S. platform. Coinbase Pro $1.15 billion lighter The potential buy-in came in the form of three separate transactions on Coinbase Pro, Coinbase’s professional investment arm. According to Whale Alert, these were for 9,843 BTC, 9,901 BTC and 9,867 BTC, respectively, for a total of 29,620 BTC. 9,843 #BTC (390,782,938 USD) transferred from #Coinbase to unknown wallethttps://t.co/uYSlIeugzF …

Binance is looking to diversify its business interests by acquiring company’s outside the scope of cryptocurrency, according to a report from the Financial Times. “We want to identify and invest in one or two targets in every economic sector and try to bring them into crypto,” said Binance CEO Changpeng Zhao, affectionately known to his 5.3 million Twitter followers as ‘CZ’. Already holding the title of the world’s largest crypto exchange, Binance is aiming to bring in companies from traditional markets in an attempt to further increase broad-scale crypto adoption and diversify its own bushiness. In the interview Zhao went …

Similar to the mid-1990s dot-com era, cryptocurrencies are said to be nearing a phase of hyper-adoption, where growth hits an inflection point and begins a trajectory towards the moon. Looking at the past decade, cryptocurrency adoption can largely be attributed to the emergence of exchange platforms. With numerous exchanges at play, many first-time users have successfully braved the path into the world of digital currencies. Ironically, while these exchanges have been key to the success of cryptocurrency adoption to date, they have also been the cause for a new debate, one between using a centralized exchange (CEX) or decentralized exchange …

Centralized exchanges, or CEX, CEOs from companies such as Binance, Coinbase, and Kraken have all stated they will only freeze the assets of Russian clients specifically targeted by Western sanctions — not that of everyday Russian users. A few days prior, Mykhailo Fedorov, Ukraine's Minister of Digital Transformation, had called for "all major crypto exchanges to block [wallet] addresses of Russians" and "also to sabotage ordinary users [by freezing their assets]." In explaining why he was not preemptively banning all Russians (though, Coinbase is not available in Russia), Brian Armstrong, CEO of Coinbase, specifically wrote: "We believe everyone deserves access …

Running crypto businesses is a difficult journey that is not for the faint of heart. However, according to Stephen Ehrlich, the co-founder and CEO of Voyager Digital, patience is the key, and the rewards will come in the long run. Many have invested time and money in developing crypto-related businesses. Reports detailing 2021 show that over $30 billion worth of investments flowed from venture capitals. Ehrlich told Cointelegraph that these VCs and private companies would definitely be rewarded long-term for their faith in crypto. Moreover, he also believes that investors in public companies will also reap rewards. “In 2021, Bitcoin …

Coinbase’s Q4 financial report vastly exceeded market expectations Thursday, after the firm posted $2.5 billion in net revenue for the quarter, beating analyst predictions by 27%. FactSet consensus had forecasted Coinbase to generate approximately $1.9 billion in revenue for the period. Notably, the popular crypto exchange more than doubled transaction revenue from Q3 to Q4, generating 91% ($2.276 billion) of its total Q4 revenue from transactions alone. Adding to investor confidence, the company’s total transaction revenue for 2021 was a whopping $6.8 billion. Despite the report posting $840 million in net income and showing substantial growth from 7.4 million monthly …

Japan Exchange Group (JPX), the Tokyo Stock Exchange and Osaka Exchange owner, warned the public against companies that are misleading Japanese investors by selling crypto assets under the JPX brand. JPX issued the alert after receiving reports about an ongoing attempt to dupe unwary investors into trading Bitcoin (BTC) and cryptocurrencies on platforms misrepresented as JPX or one of its subsidiaries. Alert on trading in crypto assets using similar names to JPXhttps://t.co/CVrvpA0dNE — Japan Exchange Group EN (@JPX_official_EN) February 8, 2022 The company highlighted that the fraudulent companies in question are replicating JPX names, logos and URLs in various forms …

Just between July 2020 and June 2021, ransomware activity soared by a whopping 1,070%, according to a recent Fortinet report, with other researchers confirming the proliferation of this mode of extortion. Mimicking the prevalent business model of the legitimate tech world, ransomware-as-a-service portals popped up in the darker corners of the web, institutionalizing the shadow industry and slashing the skill ceiling for wannabe-criminals. The trend should be ringing a warning bell through the crypto ecosystem, particularly since ransomware attackers do have a knack for payments in crypto. That said, the industry that was once a Wild Wild West is now …

Earlier in February, Indian Finance Minister Nirmala Sitharaman announced a tax proposal that would bring the relatively unregulated digital asset space under the purview of tax authorities. The proposal includes a 30% income tax on crypto returns and a 1% tax deducted at source (TDS) by crypto exchanges on transactions above 10,000 Indian rupees ($133). The announcement came during the parliamentary budget session for 2022, and the government has already set April 1 as a deadline for crypto exchanges to comply with the new tax regulations. The introduction of the crypto tax was widely misreported as a form of legal …

Following an exponential climb in capacity over 2022, the Bitcoin (BTC) Lightning Network made a lackluster start to the new year. According to a report by Arcane Research, growth in the Lightning Network capacity, or the number of BTC locked up in channels, has stuttered. The Lightning Network surged from 1,000 to 3,000 BTC in just 8 months in 2021, striking the 3,000 BTC mark in mid-October. While the network continues to strike all-time highs, growth grinds down. The total BTC locked in the network is peaking just shy of the 3,500 BTC mark, sparking debate and discussion on social …

Today, Singapore-based crypto exchange, Bybit, announced a new partnership with digital assets institution Cabital for EUR and GBP on-ramp integration. Bybit crypto exchange platform users can now use EUR and GBP to buy cryptocurrency directly on the system through Cabital's fiat on-ramp solution, with no transfer fees between their Bybit and Cabital wallets. According to the release, Cabital's fiat-to-crypto on and off ramp service allows Bybit customers to purchase cryptocurrencies at reduced gas costs without having to leave the platform. Bybit is Cabital's first partner to use its fiat on and off-ramp infrastructure for cryptocurrency exchanges. Ben Zhou, co-founder and …