Tag Archives: Coinbase

In four minutes, cyber looters pilfered $34,123 worth of virtual currency from a Virginia resident’s Coinbase (COIN) account, the 38-year-old told Yahoo Finance.   The man, Ben, says it’s still missing despite his appeals to Coinbase, the FBI, the Securities and Exchange Commission (SEC), the Consumer Financial Protection Bureau (CFPB), the Financial Crimes Enforcement Network (FinCEN), lawmakers, and the Better Business Bureau (BBB). In order for Ben to comply with a policy of his… Source link

Text size This photo shows the Coinbase logo on a smartphone in Los Angeles on April 13, 2021. Chris Delmas/AFP/Getty Images Coinbase might be the Google of cryptocurrencies. If that’s the case, its stock could be a bargain. Barron’s Avi Salzman made the case for owning Coinbase stock… Source link

TipRanks 2 “Strong Buy” Stocks Around $10 With Triple-Digit Upside Potential The S&P 500 rose to another record high on Friday, and at least one strategist believes we’re at the start of a new bull market. Writing from LPL Financial, chief market strategist Ryan Detrick noted several market-historical points that indicate sustained gains are in the offing. Key among his points are the first quarter returns and the breadth of the current stock rally. On returns, Detrick highlights that… Source link

Bloomberg China’s Internet Stocks Face More Pain, Top Global Investors Say (Bloomberg) — After a historic antitrust crackdown on China’s biggest tech companies last week, investors are betting there is more pain ahead.GAM Investments, BNP Paribas Asset Management and JP Morgan Asset Management Inc. see more regulatory tightening in China’s clampdown on monopolistic practices, putting pressure on the country’s leading internet stocks over the next few months. The Hang Seng Tech Index,… Source link

Bloomberg As Sanjeev Gupta Rose From Trader to Tycoon, Several Banks Backed Away (Bloomberg) — British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group.Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they… Source link

Crypto exchange Coinbase (COIN) set records Wednesday with the largest-ever direct listing as the company saw its valuation nearly hit $100 billion as shares opened for trading on the Nasdaq at $381. But one analyst tells Yahoo Finance shares could still have about 60% to climb to hit $600. MoffettNathanson analyst Lisa Ellis explained her thesis on Yahoo Finance Live shortly before Coinbase shares began trading, calling the stock a “must-own” for any longer term growth investor.  “We are… Source link

Bloomberg Coinbase Hits $100 Billion Then Slips in Landmark Crypto Listing (Bloomberg) — Cryptocurrency exchange Coinbase Global Inc. soared above a $112 billion valuation in its trading debut Wednesday, then slipped back below its opening price as Bitcoin fell from record highs and tech stocks fell across the board.The massive valuation, which dwarfs more traditional financial companies including Intercontinental Exchange Group Inc. and Nasdaq Inc. itself, is a landmark moment for the crypto… Source link

Julien Viry / Getty Images The cryptocurrency that started as a joke in 2013 based on a Shibu Inu meme gained 54% Tuesday to reach a value of $0.11, making each Dogecoin worth more than a full U.S. dime, based on CoinDesk statistics. Earlier in the day, Doge hit $0.12. That figure represents an all-time high for the crypto touted by celebrities Elon Musk and Snoop Dogg, Business Insider writes. See: Coinbase, the Largest US Cryptocurrency Exchange, Goes Public – ‘It Will Infect the… Source link

TipRanks JPMorgan: 2 Stocks for Stellar Long-Term Gains According to JPMorgan CEO Jamie Dimon, the US is on the cusp of an economic boom which should fuel growth at least until 2023. Dimon attributes the prospect of strong growth to several reasons. “I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the U.S. economy will likely boom,”… Source link

Even for Silicon Valley, Surojit Chatterjee’s rise to extraordinary wealth was lightning fast. The chief product officer has been with Coinbase Global Inc., the biggest U.S. crypto exchange, for just 15 months. Based on the $340 a share indicated opening price for Coinbase’s direct listing on Wednesday, the former Google executive’s stake is worth about $188 million, according to data compiled by Bloomberg. He’s also set to receive share options within the next five years that are… Source link