Moody’s Further Downgrades Coinbase Junk Bonds, Joining S&P
Credit-ratings giant Moody’s has downgraded both Coinbase’s (COIN) long-term credit rating as well as its guaranteed senior unsecured notes, the company said Friday, citing “substantially weakened revenue and cash flow generation capacity.”
Moody’s Downgrades Coinbase, Says Outlook Is Stable
Coinbase had its corporate family rating and guaranteed senior unsecured notes cut by Moody's, with the ratings agency citing "challenging conditions in the crypto asset operating environment" for the downgrade.
SSV DAO Starts $50M Fund To Push Ethereum’s Decentralization Plan
SSV DAO, the decentralized autonomous organization behind the decentralized staking protocol SSV.network, is starting a $50 million ecosystem fund to help mature Distributed Validator Technology (DVT) infrastructure.
Bitcoin Sees Historic Drop on Exchanges, Here’s What It Means
According to the latest data compiled by crypto analytic company, Santiment, Bitcoin’s supply on centralized crypto exchanges has dropped from 11.85% to 6.65% over the past year.
Coinbase Lists KAVA, Advancing Ethereum–Cosmos Interoperability
Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3.
Coinbase Exits Japan Citing "Market Conditions"
Cryptocurrency exchange Coinbase is exiting Japan due to market conditions. The move comes days after the company announced its third round of layoffs in less than a year amid the ongoing bear market.
Coinbase’s Chief Legal Officer Shades SEC, Deaton Responds
Grewal faults the SEC’s claim that most crypto assets are securities.
Coinbase Leaders Sharply Slow Their Stock Sales
Share sales by Coinbase Global Inc. COIN 8.32%increase; green up pointing triangle officials fell sharply in 2022 along with the crypto exchange’s stock price.
Coinbase Has Officially Announced the End of Its Operations in Japan
All Coinbase Japan customers will have until February 16th, 2023 JST to withdraw their fiat and crypto holdings from Coinbase. Customers can choose to withdraw their crypto holdings to any other Virtual Assets Service Provider, Coinbase Wallet or any other self hosted wallet of their choice. Alternatively, customers can choose to liquidate their portfolio and withdraw their JPY to a domestic bank account.
Crypto Stocks Surge: Coinbase up 69%, MicroStrategy up 74% Since Lows
The share price of cryptocurrency exchange Coinbase has surged by 69% since its all-time lows and other crypto-related stocks including business intelligence firm MicroStrategy have recorded similar jumps with green candles all around since the start of 2023. The share price of Coinbase fell as low as $31.95 on Jan. 6, before shooting up to $54.14 by the close of trading on Jan. 17. The rising share price will likely be accompanied by a huge sigh of relief for Coinbase executives after a challenging 2022 saw it cut 20% of its workforce and decide to wind down its Japanese operations. Despite the surge, COIN remains more than 84% below its all-time high. (Cointelegraph)
