JPM Cuts Coinbase Price Target Due to Regulatory Risks
Analysts at J.P. Morgan cut their price target for Coinbase (COIN) stock to $52 from $60 for the year ending in December, a report from the bank on Friday showed.
Coinbase Says Stablecoins are not Securities, Condemns SEC Attack on BUSD
“Imposing securities law onto stablecoins through enforcement instead of guidance or dialogue with the industry will push innovation offshore and weaken our global role.” This statement was made by Coinbase on Wednesday, in response to the recent attack on the BUSD stablecoin by the U.S. SEC.
Coinbase Downgraded to Neutral at DA Davidson Ahead of Earnings
D.A. Davidson analyst Chris Brendler downgraded Coinbase (COIN) to neutral from buy after a more than doubling in the stock in 2023 sent the shares surging past his $55 price target.
Coinbase Says Client Assets Are 'Segregated and Secure' Following Proposed SEC Rule Change
Coinbase is confident that its Coinbase Custody Trust Co. (CCTC) will remain a qualified custodian even if new rules proposed by the SEC come into play, according the company's chief legal officer Paul Grewal.
Coinbase Exchange Clone Script — A Complete Guide
Coinbase exchange clone script is a ready-made software solution that allows entrepreneurs and businesses to create their cryptocurrency exchange platform similar to Coinbase.
Coinbase Already in Line With SEC Proposal, Argues Company CLO
Yesterday, the SEC proposed new rules for crypto companies acting as qualified custodians for institutional funds.
Voyager Sends 250B Shiba Inu to Coinbase Amid 5% Price Surge
The Shiba Inu tokens are part of $28.7M worth of crypto assets recently sent to BinanceUS and Coinbase by the bankrupt broker.
Coinbase, BitGo, and Anchorage Assert that They Comply With SEC Custody Rules
Coinbase and other crypto custody providers asserted on Feb. 15 that they will be able to operate under proposed changes to custodial rules. Today, the U.S. SEC voted to propose a regulatory change that could require exchanges to store user assets with qualified custodians. This would also update rules for custodians, possibly making it difficult for existing crypto companies to offer custody services. Coinbase chief legal officer Paul Grewal stated on Twitter that his company is “confident” that it will remain a qualified custodian under the proposed rule change. He added that Coinbase endorses the U.S. Securities and Exchange Commission’s efforts to provide investor protections and supports the public rulemaking process. (cryptoslate)
Coinbase, Anchorage Say They’ll Be OK Under SEC Custody Proposal
“After today’s SEC proposed rulemaking, we are confident that [Coinbase Custody Trust Co.] will remain a qualified custodian,” said Paul Grewal, Coinbase’s chief legal officer, in a statement to CoinDesk.
Major Crypto-Related Stocks Rise; Silvergate Leading With 25%
In the past 24 hours, and crypto bank Silvergate Capital (SL) recorded the highest spike with over 25% to reach $21.83 at the time of writing.
