Senator Calls Coinbase A ‘Corruption Factory’ — The Exchange’s CLO Fires Back

US Urges Global Regulators To Review Bank Crypto Standards Amid Stablecoin Surge – Report

Bitcoinist9 hours ago

PositiveCryptocurrency

The US is advocating for global regulators to reassess banking standards related to cryptocurrencies, especially in light of the recent surge in stablecoin adoption. This push is significant as it reflects the evolving landscape of the crypto industry and aims to create a more robust regulatory framework that can keep pace with technological advancements. By addressing these standards, the US hopes to ensure a safer and more transparent environment for both consumers and financial institutions.

SBF Defends FTX: ‘We Had $8 Billion, Not Insolvency’

Bitcoinist19 hours ago

NeutralCryptocurrency

Sam Bankman-Fried has recently defended FTX's financial status, asserting that the exchange was not insolvent at the time of its collapse in November 2022. This statement challenges the prevailing narrative surrounding FTX's downfall and suggests that the company had $8 billion in assets. This clarification is significant as it could reshape perceptions of the cryptocurrency market and the accountability of financial institutions involved.

Coinbase defends funding of White House ballroom after East Wing demolished

Cointelegrapha day ago

PositiveCryptocurrency

Coinbase is standing firm in its decision to fund the construction of a new ballroom at the White House, following the demolition of the East Wing. The company's chief policy officer expressed pride in this support, especially in light of recent allegations of corruption from a US senator. This move not only highlights Coinbase's commitment to contributing to significant national projects but also showcases its resilience against political scrutiny, which is crucial for maintaining public trust and corporate reputation.

Wall Street Divided on Coinbase’s Path Forward After Q3 Earnings Beat

via Cointelegraph

CoinDeska day ago

NeutralCryptocurrency

Wall Street is currently divided over Coinbase's future following its Q3 earnings report, which revealed a transaction revenue of $1.05 billion. Analysts are weighing in with price targets that vary significantly, ranging from $266 to $510. This debate highlights the uncertainty surrounding whether Coinbase can sustain its growth amid rising costs, making it a critical moment for investors and the cryptocurrency market.

Coinbase Adds $299 Million in Bitcoin as Q3 Earnings Beat Estimates

Bitcoin.coma day ago

PositiveCryptocurrency

Coinbase has made headlines by adding $299 million in Bitcoin to its holdings, a move that comes as its Q3 earnings have surpassed expectations. This is significant because it not only reflects the company's strong financial performance but also signals confidence in the cryptocurrency market, which could attract more investors. As Coinbase continues to grow, its actions may influence market trends and investor sentiment in the broader crypto landscape.

Coinbase Reports $433M Profit Thanks to Stablecoin Growth – Best Wallet Token Crosses $16.7M

via Bitcoin.com

Bitcoinista day ago

PositiveCryptocurrency

Coinbase has reported an impressive net income of $433 million for Q3, driven by a significant increase in stablecoin revenue, which reached $355 million. This growth is attributed to record average USDC balances across its products, totaling $15 billion. Additionally, Coinbase's strategic acquisition of Deribit for $2.9 billion and its partnerships with various banks are contributing to its ongoing success. The rise of the BEST token is also noteworthy, as it plays a crucial role in promoting a retail-ready economy. This news is important as it highlights the resilience and growth potential of the cryptocurrency market.

H.C. Wainwright Turns Bullish on Coinbase, Double Upgrades to Buy With $425 Target

CoinDeska day ago

PositiveCryptocurrency

H.C. Wainwright has shifted its stance on Coinbase, upgrading the stock to a 'Buy' rating with a target price of $425. This change comes as the investment bank sees renewed momentum in the cryptocurrency market and potential positive developments in U.S. regulations. This is significant as it reflects growing confidence in Coinbase's future and the overall recovery of the crypto sector.

Satoshi's Bitcoin Whitepaper Turns 17: From Cypherpunk Rebellion to Wall Street Staple

Latest from Cryptocurrency

CoinDesk40 minutes ago

PositiveCryptocurrency

Satoshi Nakamoto's Bitcoin whitepaper has reached its 17th anniversary, marking a significant milestone in the evolution of cryptocurrency. Initially a manifesto for cypherpunk ideals, Bitcoin has transformed into a mainstream financial asset embraced by Wall Street. This shift highlights the growing acceptance of decentralized finance and the potential for cryptocurrencies to reshape the global economy, making it an exciting time for investors and tech enthusiasts alike.

Bitcoin.com44 minutes ago

Billions on the Move: October’s Winners and Losers in the Stablecoin Market

NeutralCryptocurrency

In October, the stablecoin market saw significant shifts, with various players experiencing both gains and losses. This fluctuation is crucial as it reflects the ongoing evolution of digital currencies and their impact on the broader financial landscape. Understanding these changes helps investors navigate the complexities of the cryptocurrency market.

Cardano price teeters as Hoskinson rebuts mounting criticism

via Bitcoin.com

Crypto Newsan hour ago

NegativeCryptocurrency

Cardano's price is facing significant pressure as it approaches a potential drop to $0.5060, a level not seen since earlier this year. This decline reflects ongoing concerns in the market, and the situation is exacerbated by Charles Hoskinson's rebuttal of criticism, which may not be enough to reassure investors. Understanding these dynamics is crucial for anyone involved in cryptocurrency, as they highlight the volatility and risks associated with digital assets.

Crypto’s changing demographics demand a new approach to crypto security

via Crypto News

Cointelegraphan hour ago

PositiveCryptocurrency

The landscape of cryptocurrency is evolving, with stablecoins now making up 40% of the market as emerging economies focus on practical use rather than ideological beliefs. This shift highlights the need for security measures that are seamless and user-friendly, ensuring that users can engage with crypto without the burden of complex security protocols. As the demographics of crypto users change, adapting security strategies to meet these new demands is crucial for fostering trust and encouraging wider adoption.

Senator Calls Coinbase A ‘Corruption Factory’ — The Exchange’s CLO Fires Back

via Cointelegraph

Bitcoinist2 hours ago

NegativeCryptocurrency

MiCA Won’t Save Us from a Stablecoin Crisis. It Might be Building One

CoinDesk2 hours ago

NegativeCryptocurrency

The recent discussions around the Markets in Crypto-Assets (MiCA) regulation have raised concerns that it may not effectively prevent a stablecoin crisis, and could potentially be laying the groundwork for one. As the cryptocurrency market continues to evolve, the implications of these regulations are significant for investors and the broader financial landscape, highlighting the need for robust frameworks to ensure stability.