1,500 BTC transferred from unknown wallet to Coinbase
According to Whle Alert monitoring, 1,500 BTC (valued at $52,128,992) was transferred from an unknown wallet to Coinbase at 21:05 Beijing time, as reported by DeepChain TechFlow.
Coinbase: Coinbase NFT degradation performance issue resolved
Cryptocurrency exchange Coinbase: Coinbase NFT performance degradation issue has been resolved.
Kazakhstan has blocked local IPs from accessing Coinbase, saying Coinbase violated the Digital Asset Law
On November 7th, according to local news media Kursiv, the Kazakh Ministry of Culture and Information has officially confirmed the blocking of the country's Coinbase website. Since at least September, Kazakh authorities have been preventing local IPs from accessing Coinbase. The country's Ministry of Digital Development accused Coinbase of violating the "Digital Assets Law". The "Digital Assets Law" promulgated in February 2023 prohibits the issuance and trading of digital currencies and cryptocurrency trading businesses without national permission. In principle, approval for operation is granted by the authorities of the Astana International Financial Center (AIFC) in Kazakhstan's economic special zone.
Currently, Binance, Bybit, CaspianEx, Biteeu, ATAIX, Upbit, and Xignal&MT have obtained approval from the AIFC Financial Services Regulatory Authority.
Coinbase: Users holding BSV must withdraw them before January 9th or face liquidation
Coinbase announced the cancellation of support for BSV. Users who hold BSV must withdraw it before January 9th. If they fail to withdraw BSV, Coinbase will liquidate their BSV assets.
Coinbase CEO Brian Armstrong: On-Chain is the New Online, Crypto Companies Could be Tech Giants of Tomorrow
Coinbase CEO Brian Armstrong believes that blockchain and crypto could become the tech giants of tomorrow, as on-chain technology is transforming people's lives just as the internet did two decades ago. On-chain is about digital assets, broader access to financial services, and even changes how we think about identity, governance, artwork, and non-financial services. Coinbase's Q3 revenue of $674.15 million exceeded financial analysts' expectations, but Armstrong notes that regulatory clarity in the US is still a major issue holding back the industry's growth. Despite this, Coinbase's stock COIN is trading at $85.80, up over 12% since the start of the month.
Coinbase short sellers lost $210 million in past 30 days
On November 5th, as reported by DL News, in the past 30 days, Coinbase shorts have lost $210 million, with a cumulative loss of $2.2 billion this year. Since the beginning of this year, Coinbase's stock price has risen by 144%.
ARK Fund increased its holdings of Coinbase shares by a total of $12.83 million in November
According to data, ARK Invest's Ark Fintech Innovation ETF has accumulated 149,547 shares of Coinbase (COIN) since November 1, with a current value of approximately $12.83 million. As of Friday's close, COIN was trading at $85.80.
Coinbase stock shorts lost $210 million in past 30 days
S3 Partners stated that in the past 30 days, the short seller funds of Coinbase stock have decreased by $210 million, and the short position of Coinbase has accumulated losses of $2.2 billion this year. Since the beginning of this year, Coinbase's stock COIN has risen by 144%, and the current percentage of short positions to outstanding shares is about 13%.
Analyzing Coinbase's Q3 financial report to assess the current state of investors.
Coinbase is increasing its efforts to buy the dip, with BTC and ETH remaining the primary means of doing so, and more ETH being bought than BTC.
Coinbase: Trading of five tokens CRPT, MXC, QSP, REN and TONE has been banned
Coinbase Assets announced on social media that Coinbase has banned trading of five tokens: Crypterium (CRPT), MXC (MXC), Quantstamp (QSP), Ren (REN), and TE-FOOD (TONE). However, users can still use and withdraw their funds. Coinbase announced in October of this year that it would suspend trading of these five tokens due to their failure to meet listing standards, as monitored through regular monitoring of exchange assets.
