Coinbase has been in the limelight with significant developments, controversies, and key reports. The company has shared unredacted FDIC letters urging banks not to offer Bitcoin services, creating controversy with its transparency. Additionally, Coinbase's lawyer revealed fresh evidence of FDIC industry 'pause letters' escalating the situation. Despite the tensions, there is optimism around Coinbase's stock as it rallies to start 2025, prompting suggestions that now might be an optimal time to buy. Large stock selling by Coinbase and MicroStrategy executives last year has raised eyebrows, and insider stock selling has ignited concerns over Bitcoin's stability. Despite the controversies, Coinbase is said to be planning a tokenized stock launch for US users on the Ethereum Layer-2 network, Base. Their most recent expansion includes the acquisition of BUX's Cyprus unit to offer derivatives in Europe, attracting significant investor attention. Intensifying rivalry with Solana has witnessed Coinbase's Layer 2 setting new records for addresses and transactions. Despite this, Coinbase's premium index has plunged to a 12-month low, indicating waning US investor demand. Finally, Coinbase has been applying machine learning to predict traffic and scale databases, unveiling a new era in crypto wallets with the introduction of Smart Wallet.
Coinbase News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Sat, 04 Jan 2025 21:59:22 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -2
