Tag: Coinbase

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Today in Crypto: UK Crypto Fraud Up 32% in Year, Line to Shut Down Bitfront Exchange, Nigeria Won’t Include Crypto in Plans to Improve Digital Asset Trading

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: UK Crypto Fraud Up 32% in Year, Line to Shut Down Bitfront Exchange, Nigeria Won’t Include Crypto in Plans to Improve Digital Asset Trading  Read more »Sign up…
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Black Swan Author Nassim Taleb Calls Coinbase Crypto Exchange ‘Worthless’ – Here’s Why

Nassim Taleb, author of the best-selling book The Black Swan, believes Coinbase, the biggest cryptocurrency exchange in the US, is “worthless.” In a recent tweet, Taleb said that Coinbase has negative cash flow, meaning it has more outgoing than incoming money, a “grisly” future even if the cryptocurrency industry somehow manages to recover, and its owners have…
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Coinbase: Institutional Investors Increased Allocations During Crypto Winter, Long-Term Price Outlook Positive

A recent survey sponsored by the Nasdaq-listed crypto exchange Coinbase shows that institutional investors increased their allocations during the crypto winter. The firm emphasized that there is “a strong signal of the acceptance of crypto as an asset class” and “the price outlook over the long term remains positive.” Coinbase’s Institutional Investor Survey The Nasdaq-listed…
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Vitalik on Suspect Centralization, FTX’s ‘Absolute Fraud,’ Coinbase Confirms Bitcoin Holdings — Week in Review

As the smoke starts to clear around the massive crater left by the FTX disaster, Ethereum co-founder Vitalik Buterin has shared his thoughts on the ether community’s view of centralization. In related news, CME Group CEO Terry Duffy recalls in March when he called former FTX boss Sam Bankman-Fried an “absolute fraud.” Implosions notwithstanding, Coinbase…
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Coinbase CEO Reveals Company Holds Over $39 Billion Worth of BTC In Response to Now-Deleted Binance CEO Tweet

As major crypto exchanges are intensifying efforts to assure customers and investors of their stability, Brian Armstrong, the CEO of Coinbase, has revealed that his company holds crypto reserves that include some BTC 2 million worth about $39.9 billion.  “We hold ~2M BTC. ~$39.9B worth as of 9/30,” the CEO tweeted, making a reference to…
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Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’

According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse. Coinbase Co-Founder Shares Company’s Q3 Shareholder Letter — Says as of Sept. 30,…
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Crypto Twitter reacts to Binance CEO’s deleted tweet about Coinbase’s Bitcoin Holdings

Coinbase CEO Brian Armstrong indirectly addressed CZ’s tweets as “FUD.” Coinbase was trending on Twitter on Nov. 22 after Binance CEO Changpeng Zhao, known also as CZ, sent out a tweet that appeared to question Coinbase’s Bitcoin holdings. In the since deleted tweet, CZ referenced a yahoo finance article that alleged that “Coinbase Custody holds…
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Cathie Wood’s ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows

ARK Invest scoops up bargains as Coinbase shares hit all-time lows and GBTC trades at a near-50% discount to the already suppressed Bitcoin spot price. Bitcoin (BTC) firms’ shares are a major “buy” for asset manager ARK Invest in the midst of the FTX meltdown. The latest data confirms that ARK continues to up its…
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GBTC Bitcoin discount nears 50% on FTX woes as investors stock up

GBTC shares keep getting cheaper vs Bitcoin — an ideal reason to buy for ARK Invest and Lawrence Lepard. The largest Bitcoin (BTC) institutional investment vehicle is coming under suspicion as it trades at a record discount. The Grayscale Bitcoin Trust (GBTC) is the latest Bitcoin industry entity to feel the heat from the debacle…
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GBTC Manager Insists the ‘Holdings of Grayscale’s Digital Asset Products Are Safe and Secure’

On Nov. 18, 2022, at 5:47 p.m. (ET), Grayscale Investments’ official Twitter account shared information on the safety and security associated with Grayscale’s digital asset products. The update from Grayscale follows the recent FTX collapse that has shaken crypto investors, and Digital Currency Group’s (DCG) Genesis pausing the firm’s lending unit in terms of withdrawals…
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