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Coinbase shares slide Tuesday, as crypto play takes double-digit fall from July record

Shares were last down more than 5%. The decline occurred as investors adopted a risk-off stance on Tuesday and the three major averages declined. Coinbase is now off more than 30% from its all-time high of $444.65, reached on July 18. Shares popped in mid-July as legislators voted on a series of crypto-related bills, ending with President Donald Trump signing the GENIUS Act stablecoin legislation — the nation's first-ever crypto law. Shares have been collapsing since then. Shares of the crypto

Crypto wobbles into August as Trump's new tariffs trigger risk-off sentiment

A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025. Crypto-linked stocks suffered deeper losses. Coinbase led the way, down 15% following its disappointing second-quarter earnings report. Circle fell 4%, Galaxy Digital lost 2%, and ether treasury company Bitmine Immersion was down 8%. Bitcoin proxy MicroStrategy was down by 5%. The descent triggered a wave of long liquidation

Coinbase says it's launching tokenized stocks, predictions markets for U.S. users in coming months

Coinbase is planning to expand its core trading app beyond crypto, the company said Thursday. The newly imagined "everything exchange" will include tokenized real-world assets, stocks, derivatives, prediction markets and early-stage token sales. The new offerings will roll out in the next few months, first to U.S. users, followed by a "gradual international rollout based on jurisdictional approvals," Max Branzburg, vice president of product at Coinbase, told CNBC. "We're building an exchange f

Coinbase shares tumble as second-quarter revenue disappoints

Coinbase shares fell Thursday as second-quarter revenue fell shy of analysts' estimates. Gains in the cryptocurrency exchange's subscription revenue failed to offset weaker trading volumes. In the quarter ended June 30, Coinbase net income rose to $1.43 billion, or $5.14 per share, from $36.13 million, or 14 cents per share, a year ago. Earnings in the latest period benefited from a gain $1.5 billion related its Circle investment and $362 million from its crypto investment portfolio. On an adj

The Inside Story of Eric Trump’s American Bitcoin

Early into Trump’s second term as US president, the CEO of energy infrastructure company Hut 8 Asher Genoot and Hut 8 chief strategy officer Michael Ho shared thin crust pizza with Eric Trump at the Trump golf club in Jupiter, Florida. They talked for hours, says Genoot, and tabled a business venture that greatly interested Trump: a bitcoin mining alliance. They first met through mutual friends in late 2024: Genoot says he’d shown Eric photos of their “beautiful, liquid cool data center” in Ama

At 10 years old, Ethereum's future is brighter than ever despite recent setbacks

In this article BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNT Omar Marques | Lightrocket | Getty Images It's been a decade since Ethereum's inception, and although its native ether token has largely struggled for the last half of it, its future looks brighter than ever. Ether has become more attractive to institutions in recent weeks largely due to legislation around stablecoins – most of which are issued on Ethereum – being signed into the first-ever U.S. crypto law. There's also th

MicroStrategy copycats are getting out of control as Canadian vape company joins fray

The logos of Bitcoin, Ethereum, and Tether outside a cryptocurrency exchange in Istanbul, Turkey, on Wednesday, Nov. 6, 2024. The crypto market's bullishness may be tipping into speculative frenzy, if the latest MicroStrategy-style copycat is any indication. On Monday, a little-known Canadian vape company saw its stock surge on plans to enter the crypto treasury game – but this time with Binance Coin (BNB) , the fourth largest cryptocurrency by market cap, excluding the dollar-pegged stablecoi

What was the first ransomware attack to demand payment in Bitcoin?

Choose wisely! The correct answer, the explanation, and an intriguing story await. Correct Answer: CryptoLocker (2013) When Verizon bought AOL in 2015, how many people were still paying for dial-up Internet? In the world of cybersecurity, ransomware is a well-known menace, but its evolution into the era of cryptocurrencies marked a major turning point. The first ransomware attack to demand payment specifically in Bitcoin was CryptoLocker, which emerged in September 2013. CryptoLocker was a g

Crypto Payments Are Coming to PayPal

PayPal will soon let businesses that use its digital payments platform accept more than 100 types of cryptocurrency. The fintech company announced today that it’s rolling out a new “Pay with Crypto” feature in the coming weeks, allowing merchants to accept popular digital currencies like Bitcoin, Ethereum, and XRP. The platform will support transactions from several major crypto wallets, including Coinbase, MetaMask, and Exodus. PayPal CEO Alex Chriss said the new feature will help businesses

Tesla Sold Its Bitcoin at Pretty Much the Worst Moment Imaginable

Talk about a missed opportunity. Horrible Timing Tesla massively missed the mark in the second quarter of this year, conceding this week that its automotive revenue fell a whopping 16 percent from last year, on top of last quarter's financial woes. As sales continue to plummet worldwide, the Elon Musk-led EV maker could really use a lifeline in the form of billions of cash. But as CNBC reports, its digital asset investments likely won't be the solution. Tesla boasted in its investor deck th

Mysterious Whale Makes a 17,000,000% Profit on a 14-Year-Old Bitcoin Bet

Several Bitcoin whales—investors who hold large amounts of the cryptocurrency — have recently started cashing out after leaving their Bitcoin untouched for more than a decade. Last week, one anonymous whale sold 80,000 Bitcoin for a whopping $9.5 billion. A user on X (formerly Twitter) first flagged the massive transaction, which was later reported by Tom’s Hardware. The seller had originally purchased the Bitcoin in 2011 for just $54,000, netting a staggering return of more than 17 million per

Tesla dumped 75% of its bitcoin at one of the worst times, losing out on billions

In this article TSLA BTC.CM= Follow your favorite stocks CREATE FREE ACCOUNT Thiago Prudencio | LightRocket | Getty Images Tesla missed on the top and bottom lines in the second quarter, but another miss was buried in its investor deck The company's digital assets are currently valued at $1.24 billion. That's up substantially from $722 million a year ago. But anyone who's been following the crypto market knows that the figure represents a lost opportunity amounting to billions of dollars in m

Someone Just Sold Their 2011 Bitcoin for a 17 Million Percent Profit

A mysterious Bitcoin account has cashed out a cache of cryptocurrency they originally bought for $54,000 — but which, after HODLing for 14 long years, is now worth an astronomical $9.5 billion, for a staggering profit of over 17 million percent. Bitcoin whales, meaning accounts that hold on to substantial sums of crypto for long periods at a time, have been making moves as of late, Tom's Hardware reports, reaping enormous returns as crypto markets reach all-time highs. Just last week, a differ

Trump Media Is Now a $2 Billion Bitcoin Bet

Trump Media isn’t just fighting Big Tech. It’s taking on Wall Street with a Bitcoin war chest big enough to rival corporate heavyweights. The company behind Truth Social and streaming platform Truth+ announced, on July 21, it had purchased $2 billion worth of Bitcoin and Bitcoin-related securities, converting two-thirds of its $3 billion in liquid assets into cryptocurrency. It’s one of the boldest corporate Bitcoin strategies ever seen, rivaling billionaire Michael Saylor’s MicroStrategy (now

Ethereum Is Quietly Soaring. What Comes Next?

Ethereum is experiencing a seismic rally. The price of Ether, the native token of the Ethereum network, surged by nearly $1,000 in a single week to hit a five-month high, climbing 25.3% to reach $3,745.72, according to data firm CoinGecko. For the first time in recent memory, there’s a palpable sense that this rally is grounded in something real and sustainable. So, what’s driving this explosive momentum? 1. Big Money Pours In Through New Ethereum ETFs Major asset managers have begun launchin

Ether takes spotlight as Trump signs stablecoin bill into first major U.S. crypto law

In this article ETH.CM= BTC.CM= COIN HOOD BMNR MSTR MARA Follow your favorite stocks CREATE FREE ACCOUNT Jonathan Raa | Nurphoto | Getty Images Ether climbed to end the week as President Donald Trump signed the GENIUS Act stablecoin legislation into law, while bitcoin and its proxies took a breather. The price of ether was last higher by 4% at $3,578.67, according to Coin Metrics, trading at highs not seen since January and turning positive for the year. On Thursday, ETFs tracking the pr

Ether takes crypto spotlight as Congress passes historic stablecoin bill

In this article ETH.CM= BTC.CM= COIN HOOD BMNR MSTR MARA Follow your favorite stocks CREATE FREE ACCOUNT Jonathan Raa | Nurphoto | Getty Images Ether climbed to end the week as the GENIUS Act heads to President Donald Trump's desk to be signed into law, while bitcoin and its proxies took a breather. The price of ether was last higher by 3.6% at $3,558.68, according to Coin Metrics, trading at highs not seen since January. On Thursday, ETFs tracking the price of ether saw daily inflows to

Ether and trading stocks take the crypto spotlight as Congress passes historic stablecoin bill

Ether and other crypto related stocks climbed to end the week as the GENIUS Act heads to President Donald Trump's desk to be signed into law. Bitcoin and its proxies took a breather. The price of ether was last higher by 3.6% at $3,558.68, according to Coin Metrics, trading at highs not seen since January. On Thursday, ETFs tracking the price of ether saw daily inflows top those of bitcoin ETFs for the first time ever. The funds logged $602 million in net inflows, led by BlackRock's iShares Et

No More Waiting: New Crypto Law Unlocks Cheaper, Faster Money for Everyone

For more than a decade, cryptocurrency lived in legal limbo. It was too weird to regulate, too volatile to trust, and too new for Washington to take seriously. That just changed. The U.S. House of Representatives has passed the GENIUS Act, the first major federal law regulating stablecoins, digital currencies backed by the U.S. dollar. The bill now heads to President Trump’s desk, where it’s expected to become law. Here’s what it means for you, your money, and the financial system around you.

US passes first major national crypto legislation

US passes first major national crypto legislation 43 minutes ago Share Save Natalie Sherman BBC News Share Save Getty Images Lawmakers in the US have passed the country's first major national cryptocurrency legislation. It is a major milestone for the once fringe industry, which has been lobbying Congress over regulation for years and poured millions into last year's election, backing candidates that included Donald Trump. The bill sets up a regulatory regime for so-called stablecoins, a kind

Congress Passes GENIUS Act in Major Win for US Crypto Industry

The US House of Representatives on Thursday voted overwhelming to pass the country’s first significant cryptocurrency regulation, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. It will now go to President Donald Trump for final approval. If enacted, the bill will establish rules for issuers of stablecoins, a type of coin pegged to a $1 valuation, which proponents have pitched as a faster and cheaper way to make payments. The bill requires issuers to collater

Coinbase steps into consumer market with stablecoin-powered 'everything app' that goes beyond trading

Coinbase unveiled Wednesday an "everything app" designed to bring more people into the crypto economy. The "Base App," which replaces Coinbase Wallet, will combine wallet, trading and payment functions as well as social media, messaging and support for mini apps – all running on the company's homegrown public blockchain network Base, which is built on Ethereum . So-called super apps like WeChat and Alipay – which bundle several different services and functionalities into a single mobile app –

Crypto rises on renewed optimism House will pass key stablecoin legislation this week

Cryptocurrencies and several stocks tied to the blockchain ecosystem rallied Wednesday after the House approved a procedural vote to consider three key bills governing crypto regulation after Republican lawmakers halted their passage Tuesday. Bitcoin was last higher by 2% at $119,293.86, according to Coin Metrics, while ether surged more than 10% to $3,382.95. Shares of stablecoin issuer Circle jumped 19% and crypto services firm Coinbase gained about 2% after both closed lower Tuesday. Ether

Peter Thiel just bought a big stake in Tom Lee's ether company and the shares are surging

Peter Thiel, president and founder of Clarium Capital Management LLC, holds hundred dollars bills as he speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022. Shares of the ether treasury company Bitmine Immersion Technologies surged Wednesday after tech billionaire Peter Thiel disclosed a 9% stake in the firm through his venture capital firm Founders Fund. The stock was last higher by 12% but rallied as much as 20% at one point. Companies with a similar

Bitcoin falls below $117,000 after Trump crypto bills are blocked before vote

The price of bitcoin was last down 2.8% at $116,516.00, according to Coin Metrics. That marks a pullback from the day's high of $120,481.86. Bitcoin fell below the $117,000 level on Tuesday after cryptocurrency-related bills were blocked in the House of Representatives. The drop comes on the heels of multiple crypto-related bills failing to overcome a procedural hurdle in the House, with 13 Republicans voting with Democrats to block the motion in a 196-223 vote. In recent days, bitcoin has be

CoinTracker (YC W18) is hiring to solve crypto taxes and accounting (remote)

CoinTracker enables consumers, businesses, and exchanges to manage cryptocurrency taxes and accounting automatically. We solve challenging technical problems: tracking crypto assets across wallets and exchanges, classifying complex transactions like DeFi and NFTs, global stablecoin payments, and helping users stay compliant in an evolving global regulatory landscape. We currently track $100B+ in crypto assets across 3M users. Our customers range from everyday dabblers in crypto to large enterp

GOP’s pro-industry crypto bills could financially ruin millions, lawmaker warns

It's "Crypto Week" in Congress, and experts continue to warn that legislation Donald Trump wants passed quickly could give the president ample opportunities to grift while leaving Americans more vulnerable to scams and financial ruin. Perhaps most controversial of the bills is the one that's closest to reaching Trump's desk, the GENIUS Act, which creates a framework for banks and private companies to issue stablecoins. After passing in the Senate last month, the House of Representatives is hopi

Bitcoin is nearly double where it was a year ago. This is what's behind the run

Bitcoin traded around $116,000 on Tuesday, falling back from a historic surge that briefly sent the world's largest cryptocurrency past $123,000 for the first time. Even with the pullback, the cryptocurrency is still trading at nearly twice its level from a year ago. Unlike previous cycles, the record run isn't being driven by retail mania or meme-stock energy. This move is being powered by structural demand, shifting macro positioning and a wave of Wall Street adoption that's playing out in r

I invested $50 in Bitcoin in 2022 - here's what it's worth now after an eye-popping rally

ZDNET Welcome to Hot Bitcoin Summer, 2025 Edition. It's July 14, and the cryptocurrency is on fire. Turns out that when the President of the United States is bullish on a fake currency, it takes off. Then, when the US Congress declares "crypto week," cybercurrency speculators get that warm, squishy feeling that makes them think good things are about to happen in their imaginary world of bits as bucks. Also: How AI can help you manage your finances (and what to watch out for) In honor of all

I invested $50 in Bitcoin in 2022 - here's what it's worth now after a record rally

ZDNET Welcome to Hot Bitcoin Summer, 2025 Edition. It's July 14, and Bitcoin is on fire. Turns out that when the President of the United States is bullish on a fake currency, it takes off. Then, when the US Congress declares "crypto week," cybercurrency speculators get that warm, squishy feeling that makes them think good things are about to happen in their imaginary world of bits as bucks. In honor of all of this and because my eyes popped when I checked my own investments this morning, I'm