Coinbase is launching stock trading and prediction markets as the crypto exchange looks beyond digital assets to chase its ambition of creating an “everything app.” Coinbase head of consumer and business products, Max Branzburg, announced at the company’s year-end conference that “stock trading is now available on Coinbase.” “This is a major milestone in our … Read more
The Competition Commission of India, the regulatory body responsible for promoting fair competition in the country, has approved Coinbase acquiring a minority stake in cryptocurrency platform CoinDCX. In a Tuesday notice, the regulator said it had approved Coinbase Global’s minority stake acquisition in DCX Global Limited, the company behind CoinDCX. Coinbase chief legal officer Paul … Read more
Bitcoin’s (BTC) recent price weakness has revived investors’ concerns of a deeper downturn, but several market analysts argue that an extended correction may be more constructive over the longer term. Key takeaways: Analysts say Bitcoin’s downside risk is centered around $65,000 to $75,000. A potential three-day bullish divergence is forming, a setup that could align … Read more
Binance, the world’s largest cryptocurrency exchange by trading volume, released a statement on its token listing process, cracking down on third-party involvement. In a Wednesday announcement, Binance outlined the official pathways and requirements for token listings on its platform, emphasizing that projects should never engage with any third-party entities and should apply for listings directly … Read more
Key points: Bitcoin failed to hold above $90,000, indicating a lack of demand at higher levels. Several major altcoins started a recovery, but the higher levels attracted solid selling pressure from the bears. Bitcoin (BTC) bulls pushed the price above $90,000 on Wednesday, but higher levels attracted selling by the bears. Spot BTC exchange-traded funds … Read more
Uniform Labs, a blockchain infrastructure company founded by veterans of Standard Chartered, has launched a new protocol designed to address persistent liquidity constraints in the emerging tokenization market. Announced on Wednesday, Uniform Labs unveiled Multiliquid, a protocol designed to enable 24/7 conversions between tokenized money market funds and major stablecoins, including USDC (USDC) and USDt … Read more
Binance, the world’s largest cryptocurrency exchange by trading volume, is considering a strategic reshuffling to strengthen its presence in the US market, a move that could see Binance co-founder Changpeng “CZ” Zhao’s majority stake in the company reduced. Zhao’s controlling stake in Binance has been a “major hurdle” to the company expanding to strategically critical … Read more
Solana’s native token SOL (SOL) fell 52% between Sept. 18 and Nov. 21, following the broader altcoin market crash that saw Bitcoin hit a seven-month low of $80,000. As a result, SOL price has lost key long-term support levels, with onchain and technical data suggesting a deeper correction below $100. Key takeaways: Solana’s total value … Read more
One of the class-action lawsuits filed against the cryptocurrency-friendly Silvergate Bank in California is calling for claimants with ties to FTX or Alameda Research accounts. A group of investors asked Silvergate users who deposited fiat “into an FTX- or Alameda-related account” from 2019 to 2022 to submit claims for a settlement filed in the US … Read more
Key takeaways: ETFs, treasuries, and macro tailwinds may snap Bitcoin’s four-year boom-and-bust pattern. A bearish phase should not be ruled out before new all-time highs. Bitcoin (BTC) has historically moved in four-year cycles tied to its halving events, with prices typically peaking 12-18 months after each supply cut before sliding into a prolonged bear market. … Read more