
August 27th, 2025
The Coinbase recovery tool will be available in the coming weeks for all customers except those in Japan.
With the new $3.2 million in shares, Cathie Wood’s Ark Invest may now boast a total of $5.8 million COIN shares in its portfolio.
Amid the crypto winter of 2022 and major bankruptcies this year 2022, law enforcement agency requests have doubled at Coinbase.
Ark Invest resumed its Coinbase shares acquisition in October when it added 10,880 shares, pushing the valuation of its then-total holdings to $60.5 million.
SBF attempted to depeg the largest stablecoin by daily traded volume, Tether USDT, before filing for bankruptcy protection.
Tether CTO Paolo Ardoino denounced the decision, along with several Twitter users who have questioned the motive.
Stock and crypto prices increased on Thursday as the US Dollar Index weakened. Some of the market’s largest assets all rose.
Coinbase’s annual revenue is currently down by almost 60% from last year’s and is estimated to be around $3.2 billion.
Adam Back did not comment on the exact size of the offering and who the top backers are this time. However, he made it clear that the funds will be used to expand the company’s mining capabilities.
The digital currency ecosystem has recorded so many mishaps this year that it is now practically impossible for investors not to maintain a skeptical view of stocks across the board.
Block, MicroStrategy, and Coinbase experienced drawdowns alongside traditional markets even as crypto prices experienced a rise on Monday.
Coinbase chief slammed crypto exchange FTX over their excuses for an accounting error. Brian Armstrong said that FTX clearly stole customers’ money by moving funds to Alameda Research.
Bybit isn’t the only firm reducing its staff strength to cope with the current bearish market conditions.
Coinbase Wallet noted the impact of Apple disabling the new version means on iPhone users.
Italy’s crypto gains taxation update comes barely weeks after Portugal unveiled its tax plans for digital assets.