Coinbase Stock News

The TaxBit Network will let all customers of participant businesses access free tax filing tools.

Some institutions use crypto equities as a proxy for cryptocurrencies, one value investor said.

The initial NFT drop will include award-winning photographs of subjects like space, climate, and war from AP photojournalists. The Associated Press (AP) is launching a nonfungible token (NFT) marketplace where collectors will be able to purchase tokenized photographs from the global news platform. The initial collection of NFTs will include photographs of subjects like space, climate, and war from AP photojournalists. They will be released over several weeks starting on Jan. 31 for varying prices, according to the marketplaces website . The photographs will be minted as NFTs on the Ethereum layer-two scaling network, Polygon. The platform will support secondary transactions using debit or credit cards, and payments in Ethereum. The marketplace is being built by Xooa, a blockchain infrastructure platform specializing in building white-label NFT marketplaces for brands and IP owners. Head of marketplaces at Xooa, Zach Danker-Feldman, said the partnership will serve as a powerful connection between the virtual world and the real world. Crypto wallet provider Metamask is also supported, with future collaborations with Fortmatic, Binance, and Coinbase on the cards.

Coinbase CEO Brian Armstrong bought an estate in Bel Air in Los Angeles for $133 million last month, a report says.

The cryptocurrency exchange is still a polarizing investment.

What happened: An anonymous cryptocurrency wallet holding $21,065,570 of Bitcoin (CRYPTO: BTC ) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: 3CCxFk5tDkzbbJ6qJ1j3XTchh6yBuNahFd 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 $39,293,387 of Bitcoin (CRYPTO: BTC ) just transferred their funds onto Coinbase. The bitcoin wallet address tied to this transfer has been identified as: 1HuLeKhN3e5k3QkZuxPdaK951Fsd5m52Q 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

The investment bank also continues to rate crypto exchange Coinbase as a buy.

It looks like 4Q21 was a good one for Coinbase (COIN). According to Nomics data, total trading volumes in the quarter reached $539 billion, up 505% from the same pe…

It may not seem like it, but Coinbase stock is outperforming right now.

There are increasing signs of Coinbase Global Inc (NASDAQ: COIN ) diversifying its revenues beyond retail cryptocurrency trading, a trend that could accelerate in 2022 and beyond, according to BofA Securities. The Coinbase Global Analyst: Jason Kupferberg upgraded the rating for Coinbase Global from Neutral to Buy, while keeping the price target unchanged at $340. The Full story available on Benzinga.com

The bank says that the increase in other revenue streams could lead to increased buying interest from institutional investors.