Fun

News Feed - 2023-07-10 08:07:27

Helen Partz12 hours agoCoinbase shares up 50% since SEC lawsuitSenior Coinbase executives, including CEO Brian Armstrong, have been selling their shares amid the stock’s growth over the past month.14217 Total views2 Total sharesListen to article 0:00NewsJoin us on social networksDespite the Coinbase cryptocurrency exchange facing a securities violation lawsuit in the United States, the company’s stock has been on the rise recently.


Coinbase stock has added more than 50% to its value since the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the firm for allegedly offering unregistered securities.


According to data from TradingView, Coinbase shares surged 51%, from around $52 on June 6 to $78.7 on July 7. The stock is also up around 133% over the past six months, while year-to-year growth is roughly 50%.Coinbase 30-day price chart. Source: TradingView


Amid significant growth, some major Coinbase stockholders have continued selling some of their shares.


On July 6, a number of senior Coinbase executives, including CEO Brian Armstrong, sold a combined total of 88,058 shares worth about $6.9 million.


According to official filings with the SEC, the transactions included a 4,580 sale by Coinbase board member Gokul Rajaram, a 1,818 sale by chief legal officer Paul Grewal and a 7,335 sale by chief accounting officer Jennifer Jones.


Previously, Jones also sold 74,375 Coinbase shares on June 29, netting $5.2 million.


Related:Coinbase was aware of securities law violations, SEC claims in letter


While Coinbase executives have been selling their shares on a regular basis, some major investors have continued to hodl.


Since buying another 400,000 shares of Coinbase stock in early June, Cathie Wood’s investment firm ARK Invest has not sold any of its holdings, according to the company’s portfolio updates. This aligns with Wood’s stance that Coinbase shares price would rise as Bitcoin’s (BTC) price increases.


On June 19, the ARK Invest CEO once again reiterated her confidence that Bitcoin would reach $1 million per coin one day.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Bitcoin 2023 in Miami comes to grips with ‘shitcoins on Bitcoin’# Bitcoin# Coinbase# Business# SEC# Brian Armstrong# SharesAdd reactionAdd reactionRelated NewsHow to buy NFTs without owning cryptoThe Supreme Court could stop the SEC’s war on cryptoWhy a Bitcoin ETF approval would be a big dealThe US will find the ‘right outcome’ for crypto, eventually — Coinbase CEOBlackRock spot Bitcoin ETF filing names Coinbase as ‘surveillance-sharing’ partnerMark Cuban, John Reed Stark clash over the cause of FTX’s collapse

News Feed

Solaxy Presale Burns Red Hot as Whales Snatch $495K in Two Days: Best Presale Ends Tomorrow
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Stablecoin act gives Congress alternative to overriding Biden’s SAB 121 veto
Daniel Ramirez-Escudero10 hours agoStablecoin act gives Congress alternative to overriding Biden’s SAB 121 vetoPresident Joe Biden’s veto of the SAB 121 repeal was a blow for the crypto community. Can the U.S. Congre
Elon Musk Supports Bitcoin, Says BTC on the Verge of Broad Acceptance
Elon Musk Supports Bitcoin, Says BTC on the Verge of Broad Acceptance Spacex and Tesla CEO Elon Musk has clarified his position on bitcoin and dogecoin. He confi
As Lightning’s Economy Takes Shape, Devs Are Split on Proposed Fee Hike
Fees aren’t just a topic of discussion for bitcoin users anymore. As the tech matures and an economy develops, fee discussions are making their way into the lightning network too.
US State Dept offers $5M reward for OneCoin ’Cryptoqueen’
Turner Wright4 hours agoUS State Dept offers $5M reward for OneCoin ’Cryptoqueen’Bulgaria’s Acting Prosecutor General said Ruja Ignatova would be charged in absentia, while the FBI listed a $5 million reward for th
Dogecoin Price Forecast: Analyst Says Downside Is Minimized As 1M, 3M, And 6M Candles Turn Bullish
Este artículo también está disponible en español. As the crypto market rides the bullish wave spurred on by Donald Trump’s winin the United States Presidential election
Grayscale Declares Distribution of Rights to Ethereum Proof-of-Work Tokens With SEC
Grayscale Declares Distribution of Rights to Ethereum Proof-of-Work Tokens With SEC A Securities and Exchange Commission filing filed on September 16 shows that the company Graysca
Bitcoin Could ‘Go up Significantly,’ Says CIO of World’s Largest Asset Manager Blackrock
Bitcoin Could "Go up Significantly," Says CIO of World’s Largest Asset Manager Blackrock The chief investment officer of the world’s largest asset manager, Blackrock, says
Firstrade Lists ENJ, MKR, BNT & COMP
Firstrade Lists ENJ, MKR, BNT & COMP sponsored Just weeks after launching its cryptocurrency trading platform, online brokerage Firstrade Securities has already begun expanding its
XRP price-to-sales ratio double that of Nvidia
Zoltan Vardai12 hours agoXRP price-to-sales ratio double that of NvidiaThe price-to-sales ratio is used to assess the potential of an investment, with lower ratios signaling more attractive opportunities.8787 Total views
Zhiyuan Sun5 hours agoUniswap launches educational platform with DoDAOUniswap University is similar to learning academies created by centralized exchanges such as Binance, Bitget and Bybit.1464 Total views6 Total sharesL
Next Crypto Bull Run Will Start From the East, Says Gemini Co-Founder
Next Crypto Bull Run Will Start From the East, Says Gemini Co-Founder Gemini’s co-founder believes that the next crypto bull run will come from the East. “It will be a