Most major cryptocurrencies experienced a downturn during morning trading on Monday, with Cardano (ADA) seeing the largest decline, tumbling 4.94% to 37 cents. Major Declines Among the seven additional currencies that posted reductions on Monday: Polygon (MATIC) dropped 4.02% to 88 cents. Polkadot (DOT) shed 3.58% to $5.56. Ripple (XRP) shed 3.58% to 65 cents. Dogecoin (DOGE) … [Read more...] about Cryptocurrency Market Update
Coinbase
Coinbase Stock Rallies Following Bitcoin ETF Approval, But Analysts Warn of Challenges
Shares of Coinbase Global Inc. saw a significant surge on Thursday after the highly anticipated regulatory approval of spot bitcoin ETFs. However, some analysts caution that this approval may actually pose challenges for the cryptocurrency exchange. According to J.P. Morgan analyst Kenneth Worthington, the approval of bitcoin ETFs could potentially create a lose/lose situation … [Read more...] about Coinbase Stock Rallies Following Bitcoin ETF Approval, But Analysts Warn of Challenges
Changes to Governance of USDC Stablecoin
Coinbase Global and Circle Internet Financial, the co-founders of the $26-billion token USDC, have announced changes to how the stablecoin will be governed. This decision comes in light of "growing regulatory clarity" in the U.S. However, it is important to note that achieving complete regulatory clarity may still take years, and regulators are likely to increase their scrutiny … [Read more...] about Changes to Governance of USDC Stablecoin
Coinbase Shares Surge Amid Cryptocurrency Regulation Battle
Coinbase Global Inc. experienced a significant surge of over 24% in its shares on Thursday, following a judge's ruling on a case related to cryptocurrency tokens. This ruling has sparked debates on Wall Street regarding the potential impact on Coinbase's ongoing regulatory challenges. Currently, the cryptocurrency exchange is engaged in a battle with the Securities and Exchange … [Read more...] about Coinbase Shares Surge Amid Cryptocurrency Regulation Battle
