Coinbase

BTC’s Coinbase Premium Index Could Delay New High as Funding Rate Shows Bullish Signal

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New York, USA – Bitcoin’s funding rate, which has remained low since mid-May, suggests low investor expectations but could potentially benefit Bitcoin’s price. The funding rate, indicating the cost of holding an open contract in the market, has been positive, signaling that the perp price is trading above the index value. However, the current reading of $0.01% is lower than previous weeks, potentially indicating a decline in perp buyers supporting Bitcoin’s movement. Despite the positive …

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Coinbase Stock Plummets After Supreme Court’s Dogecoin Ruling Sparks Shock Waves in Crypto World

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Washington, DC – In a setback for the popular cryptocurrency exchange Coinbase, the Supreme Court ruled against the company in a case related to its Dogecoin sweepstakes. Consumers alleged they were misled into participating in a sweepstakes that required a payment of $100 or more for a chance to win up to $1.2 million in Dogecoin. The ruling, delivered unanimously by Justice Ketanji Brown Jackson, stated that the court, rather than an arbitrator, should determine …

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Cryptocurrency Exchange Coinbase Smashes Revenue Expectations with $1.6 Billion in Q1 – Shares Soar to Nearly $229

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San Francisco, California – The largest U.S. cryptocurrency exchange, Coinbase, reported robust financial results for the first quarter of the year, showcasing a significant increase in revenue and net income. With revenue soaring to $1.6 billion, a 72% jump from the previous quarter, the company posted a net income of $1.18 billion. This surge in financial performance was attributed to heightened transactions driven by the overall growth in the crypto market and favorable changes in …

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**Coinbase** Stock Plummets as iPhone Sales Slow in China – What’s Next for the Market?

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New York, NY – Dow Jones futures and other major indexes experienced a decline on Tuesday, driven by a sell-off in Apple stock following a report on sharply slowing iPhone sales in China. Additionally, well-known investor Cathie Wood sold nearly $31 million worth of Coinbase on the stock market. In the morning session, Dow Jones futures fell 0.3% versus fair value, while S&P 500 futures dropped 0.4% and Nasdaq 100 futures slipped 0.6% before the …

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Coinbase Glitch: Users’ Accounts Show $0 Balance – What Happened Next Will Shock You!

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San Francisco, California – Cryptocurrency trading platform Coinbase recently experienced technical issues that affected users’ trading accounts. Customers reported seeing zero balances or encountering errors when trying to buy or sell digital currencies on the app. The outage disrupted trading activities and led to frustration among users who rely on the platform for their cryptocurrency transactions. As the outage persisted, Coinbase users voiced their concerns on social media platforms, expressing their displeasure with the lack …

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Coinbase CEO Reveals Shocking Update on Zero Balances Issue – Click to Learn More!

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San Francisco, California – Coinbase customers were met with a concerning sight when they logged into their digital accounts to discover zero balances, according to CEO Brian Armstrong. The cryptocurrency exchange acknowledged the issue after users experienced difficulties making trades and found their accounts empty. Armstrong took to X (formerly known as Twitter) to announce that the Coinbase apps were in the process of recovering from the incident. He explained that the surge in traffic …

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Crypto Exchange Coinbase Shares Skyrocket 14% in After Hours Trade After Earning an Impressive First Quarterly Profit in Years

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San Francisco, California – Cryptocurrency exchange Coinbase Global saw a 14% surge in its shares during after hours trading, following its announcement of its first quarterly profit in two years. The company credited this achievement to increased trading volumes in the crypto market, especially after the approval of spot bitcoin ETFs in the U.S. This led to a 50% increase in the price of bitcoin in the final three months of last year, while Coinbase’s …

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Coinbase Surges After Surprise Jobless Claims and Retail Sales – Stocks Soar in Today’s Market Rally

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NEW YORK – The Dow Jones Industrial Average experienced a boost on Thursday following the surprising jobless claims and retail sales report. In the meantime, cryptocurrency stock Coinbase surged in today’s market. After the opening bell, the Dow Jones Industrial Average saw a 0.5% increase, while the S&P 500 moved up 0.2%. Conversely, the tech-heavy Nasdaq composite fell 0.1% in morning trading. The unexpected decrease of initial unemployment claims to 212,000, compared to the expected …

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