Coinbase Stock News

Coinbase Global, Upstart Holdings, and Block are now trading at levels at least 49% below their 52-week highs.

Apple Inc (NASDAQ: AAPL ) stock trades the same price no matter what platform is being used to get exposure to a market. The same cannot be said for cryptocurrencies. Their rise has coincided with the development of hundreds of new exchanges. Liquidity is can be fragmented and this has bred inefficiencies. In removing inefficiencies, participants may extract a premium for their liquidity provision. That’s difficult to do if one does not have the proper infrastructure to conduct trades quickly. Apifiny Group Inc , which is set to go public through a merger with Abri SPAC I Inc (NASDAQ: ASPA ), a special purpose acquisition company, has a solution that solves the aforementioned. Benzinga chatted with Haohan Xu , the founder and CEO at Apifiny to learn more. Context: Prior to founding Apifiny, Haohan was at Columbia University studying engineering. While at school, he had been active in the cryptocurrency markets, buying and selling between exchanges in an attempt to extract premiums to spot. “I realized that the price was so different between Coinbase Global Inc (NASDAQ: COIN ) and Binance, at any given time, that you could actually arbitrage,” he said. “Having to open like 30-plus accounts on …

Coinbase – one of the largest and most popular cryptocurrency exchanges in the world – announced earlier in the week that it is taking heavy action against Russian accounts on its platform. The company has worked to block as many as 25,000 separate crypto accounts allegedly stemming from Russia and that are believed to be … The post Coinbase Halts Several Illicit Accounts from Russia appeared first on Live Bitcoin News .

What happened: An anonymous cryptocurrency wallet holding $49,231,532 of Bitcoin (CRYPTO: BTC ) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: 1KHwtS5mn7NMUm7Ls7Y1XwxLqMriLdaGbX You can view more details about the transaction here . Why it matters: Cryptocurrency transfers from wallets to exchanges is typically a bearish signal. Most high networth cryptocurrency traders hold their funds … Full story available on Benzinga.com

Someone with a lot of money to spend has taken a bearish stance on Coinbase Global (NASDAQ: COIN ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with COIN, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 11 uncommon options trades for Coinbase Global. This isn''t normal. The overall sentiment of these big-money traders is split between 18% bullish and 81%, bearish. Out of all of the special options we uncovered, 8 are puts, for a total amount of $433,460, and 3 are calls, for a total amount of $89,902. What''s The Price Target? Taking into account the Volume and Open Interest on these contracts, it appears that … Full story available on Benzinga.com

Bitcoin Slides On Report Russians Seek To Liquidate "Billions In Crypto" In UAE After briefly rising above $40,000 this morning following the earlier report of some soothing words from Putin over the Ukraine conflict, Bitcoin and the broader crypto sector has slumped to session lows… ... following a Reuters report that crypto firms in the United Arab Emirates (UAE) are being flooded with requests to "liquidate billions of dollars of virtual currency" as Russians seek a safe haven for their fortunes, citing company executives and financial sources. According to the report, some Russians are using cryptocurrency to "invest in real estate" in the UAE, while others want to use firms there to turn their virtual money into hard currency and stash it elsewhere. One crypto firm has received lots of queries in the past 10 days from Swiss brokers asking to liquidate billions of dollars of bitcoin because their clients are afraid Switzerland will freeze their assets, adding that none of the requests had been for less than $2 billion.

Did an institution just invest $1.17 billion in bitcoin (BTC)? It sure looks so judging by three crypto transactions moving massive amounts of BTC from a wallet held by Coinbase Pro, to an anonymous bitcoin wallet. The post Whale moves $1.17 billion in BTC out of Coinbase as U.S. inflation soars appeared first on CryptoSlate .

Coinbase sees over $1 billion of BTC leave its address as Bitcoin steadies below $40,000.

What happened: An anonymous cryptocurrency wallet holding $78,054,923 of Bitcoin (CRYPTO: BTC ) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: bc1q9mp27uw48awsamtwvy2gytq59rfhvefgnkcvju You can view more details about the transaction here . Why it matters: Cryptocurrency transfers from wallets to exchanges is typically a bearish signal. Most high networth cryptocurrency traders hold their funds … Full story available on Benzinga.com

What happened: An anonymous cryptocurrency wallet holding $102,485,984 of Bitcoin (CRYPTO: BTC ) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: bc1qfpv7fjkkag4e85kwuc4d6ghpu5fsesyn2363kv You can view more details about the transaction here . Why it matters: Cryptocurrency transfers from wallets to exchanges is typically a bearish signal. Most high networth cryptocurrency traders hold their funds … Full story available on Benzinga.com

FTX and Alkemi add to the list of 14 crypto companies partnered with Verite, including Coinbase, Circle, Hedera Hashgraph, Ledger, Solana Foundation and more.

Craig Wright will this year launch “the biggest legal case in human history” against Coinbase over its listing of Bitcoin.

The Cega decentralized finance protocol has secured a funding round from leading crypto venture capital firms that will enable it to evolve current DeFi products.

The post Sanction evasion could increase cryptocurrency usage appeared on BitcoinEthereumNews.com . Cryptocurrency usage could spike in the midst of the current sanctions against Russia Coinbase has supported the government’s efforts with national security in mind Unlawful aggression could be avoided with…