Bitcoin continues to attempt a major recovery, and as a result, the crypto related stocks out there look to move higher in sympathy.
Coinbase Global Inc (NASDAQ:COIN) shed around $4 billion in market value after New York attorney general Letitia James filed a lawsuit accusing the crypto...
Coinbase Global Inc (NASDAQ:COIN) shed around $4 billion in market value after New York attorney general Letitia James filed a lawsuit accusing the crypto exchange's prediction markets operation of being an illegal gambling business. New York is seeking at least $2.2 billion in damages from Coinbase and a further $1.2 billion from Gemini, the exchange founded by brothers Cameron and Tyler Winklevoss, which faces an identical claim.
New York sued Coinbase and Gemini Titan Tuesday (April 21), alleging that the companies' prediction market platforms are illegal, unlicensed gambling operations.
Zacks.com users have recently been watching Coinbase Global (COIN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the latest trading session, Coinbase Global, Inc. (COIN) closed at $199.83, marking a +2% move from the previous day.
Shares of Coinbase Global Inc. moved higher on Tuesday, supported by a broad rally in cryptocurrency markets and renewed optimism around US regulatory clarity. The stock rose over 6.5% during the session, with momentum building as digital assets surged.
Coinbase Global (NASDAQ: COIN | COIN Price Prediction) trades at a steep discount to recent levels.
Coinbase Global, Inc. (COIN) closed at $174.79 in the latest trading session, marking a +1.94% move from the prior day.
COIN wins conditional OCC trust bank approval, enabling nationwide custody and opening paths to payments, settlement, tokenized products-and an everything exchange.
Zacks.com users have recently been watching Coinbase Global (COIN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
If finalized, the crypto exchange will be able to operate payment products in addition to its custody business under federal supervision, Coinbase chief legal officer Paul Grewal told CNBC. The company made clear it will not become a commercial bank, take retail deposits or engage in fractional reserve banking.