Coinbase just dropped numbers that Wall Street didn't see coming. The biggest crypto exchange in the U.S. reported fourth-quarter revenue of $2.27 billion, a 130% jump from last year and well past the $1.88 billion analysts had expected, according to LSEG data.
Brian Armstrong said the US now has the “most pro-crypto Congress we've ever seen,” which will lead a global change in crypto regulations.
With regulatory clarity on the horizon, cryptocurrency is “now going mainstream,” Coinbase Co-Founder and CEO Brian Armstrong said Thursday (Feb. 13). Speaking during the company's quarterly earnings call, Armstrong said Coinbase aims to be the platform that helps companies that are new to crypto begin to integrate it into their operations.
Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong underscored the need for comprehensive legislation regarding token classification and stablecoins to drive capital flows into the cryptocurrency market on Thursday. What Happened: During the company's fourth-quarter 2024 earnings call, Armstrong pinpointed crucial areas that require legislative attention.
Coinbase Q4 revenue was $2.3 billion, an 88% increase from the previous quarter, and net income reached $1.3 billion.
The US-based Ready Makers says it won a court order to freeze crypto tokens from its Gibraltar subsidiary, Ready Maker, which it claims it lost control of.
South Koreas Financial Services Commission (FSC) will lift its long-standing ban on institutional cryptocurrency trading, aligning with global trends and rising domestic demand for blockchain ventures. In the first half of 2025, non-profits such as charities, universities, and law enforcement agencies will be permitted to sell virtual assets.
Figment, a leading staking infrastructure provider with over $15B in staked assets, has joined the Blockchain Association, the top U.S. crypto industry trade group. This move highlights Figments commitment to influencing regulations supporting institutional crypto adoption.
Coinbase (COIN) reported stellar fourth-quarter earnings, far surpassing Wall Street expectations as crypto trading surged amid a major bull run. The leading U.S. crypto exchange posted revenue of $2.27 billion, a 138% year-over-year increase, beating the consensus estimate of $1.84 billion and up from $1.26 billion in the previous quarter.
Hashflare co-founders Sergei Potapenko and Ivan Turõgin pleaded guilty to conspiracy to commit wire fraud for operating a $577 million crypto mining Ponzi scheme. Arrested in Estonia in November 2022 and extradited to the U.S., they face up to 20 years in prison.
The Trump Administration is advancing a pro-blockchain agenda, signaling a major shift for U.S. digital assets. With 55% of American investors holding Bitcoin and over 40 million owning cryptocurrencies, blockchain technology is rapidly transforming finance.
Ethereum co-founder Vitalik Buterin has commended privacy protocol Railgun for successfully preventing an attacker from laundering stolen funds. His response sheds light on Railgun, a privacy pool mechanism that seeks to allow financial privacy while implementing measures to curb rampant fraud.
A federal judge reportedly granted a joint request by the Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance to put the SEC's civil lawsuit against the company on hold. The hold will last for 60 days, Reuters reported Thursday (Feb. 13).
Robinhood has reported a record-high revenue for the fourth quarter, at $1.01 billion, a 37% quarterly increase. This was primarily due to a massive increase in cryptocurrency transaction fees in the current quarter, which stood at $358 million, a 491% increase from the previous quarter.
Coinbase reported nearly $2.3 billion in revenue in its Q4 2024 Shareholder Letter. The firm set ambitious goals for itself, hoping to drive revenue and utility, and its stock price shot up.
Asset manager Hashdex will launch The Hashdex Nasdaq Crypto Index US ETF (exchange-traded fund) on Feb. 14, Nasdaq announced. Qualified U.S. investors will have broad, balanced exposure to the crypto market through the instrument.
Recently unsealed court records indicate that a family was kidnapped by a group of six individuals in Chicago last November. Kidnappers asked for a $15 million ransom in cryptocurrency before releasing the family near a dry cleaning business.
Payment giants are rushing to adopt crypto strategies, with X likely offering crypto payouts by year's end, says Fireblocks' Ran Goldi.
Robinhood's crypto trading division reportedly saw an eight-fold leap in revenue generated from digital asset transactions in the final quarter of last year. According to a new Robinhood investment report, the trading app giant saw a 200% year-over-year increase in transaction-based revenues, largely due to crypto. “Total net revenues increased 115% year-over-year to $1.01 billion.
CEX.IO launches spot trading in the UK, enhances liquidity, ensures regulatory compliance, and adds new assets to strengthen its market position.
The U.S. Securities and Exchange Commission (SEC) has significantly scaled back its cryptocurrency enforcement efforts. In a recent tweet, John Reed Stark, a former official at the SEC, claimed in this regard that the agency's crypto enforcement division is now “dead and buried.
A Washington D.C. district judge has allowed Binance and the SEC to stay their legal dispute for the next 60 days.
Crypto exchange Coinbase reported a net income of $1.29 billion in the fourth quarter, while its $2.2 billion net revenue comfortably beat industry estimates.
Crypto exchange Coinbase reported a net income of $1.29 billion in the fourth quarter, while its $2.2 billion net revenue comfortably beat industry estimates.
Historically, Federal Reserve rate cuts have tended to increase liquidity in financial markets, prompting investors to chase higher yields in riskier assets, such as cryptocurrencies. This capital flow has, at times, translated into large price spikes in Bitcoin, followed by corresponding spikes in many altcoins—a situation traditionally known as “altseason.
Mastercard announced today that it will tokenize 30% of its transactions in 2024. The company disclosed this in its US Securities and Exchange Commission (SEC) filing, showing innovation within its payment ecosystem.
A U.S. federal judge has paused the Securities and Exchange Commission's (SEC) lawsuit against Binance for 60 days. The decision follows a joint request from both the SEC and Binance, citing the establishment of a new task force to review cryptocurrency regulations.
The non-fungible token (NFT) enterprise Doodles has unveiled plans to debut a Solana-powered digital currency, capped at roughly 10 billion units. NFT Project Doodles Sets 10 Billion ‘DOOD' Tokens in Motion On Thursday, the brand's X account proclaimed the arrival of *DOOD*, its official blockchain asset.
Crypto AI Agents' total market cap has sharply declined, now sitting around $7 billion after dropping from $20 billion just a month ago. While some leading tokens continue to struggle, others have shown resilience, with AI16Z and ARC posting significant gains in the last seven days.
Robinhood CEO Vlad Tenev said the crypto-friendly environment gaining shape in the US would be a “tailwind” for the firm's business due to the benefits stablecoins and tokenization offer compared to the traditional financial system.
Story protocol is an intellectual property blockchain backed by Andreessen Horowitz (a16z).
Metaplanet's addition to the MSCI Japan Index is expected to drive passive investment from ETFs and institutional funds.
NFT brand Doodles is set to introduce its own Solana-based token, DOOD, with a total supply of 10 billion. The project plans to release 30% of the supply to the Doodles community and 25% to the ecosystem fund.
Broccoli coin is the latest example of the dangers of playing in an anything goes market.
Changpeng Zhao, the founder of Binance, revealed his dog's name in an X post, sparking a wave of memecoins named after the canine.
Coinbase's strong Q4 results highlight the growing mainstream acceptance of cryptocurrencies and the potential for further market expansion. The post Coinbase Q4 2024 revenue beats forecast by 23% reaching $2.3 billion appeared first on Crypto Briefing.
A federal judge in Washington, D.C., on Thursday put the U.S. Securities and Exchange Commission's civil lawsuit against Binance on hold for 60 days, granting a joint request by the regulator and the world's largest cryptocurrency exchange.
Foresight Ventures was recognized as one of the top five most active crypto venture capital firms globally in 2024, according to Cryptorank data.
Year over year, the crypto exchange's revenue rose to $2.3 billion in Q4 as COIN stock surged 110% over that time period.
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It seems that memecoins' reign over the present crypto market cycle is here to stay. On Thursday, Zhao shared a photo of his Belgian Malinois from the past and present, spanning the last 18 months.
How to think about Crypto, interest rates, and AI-driven labor market shifts that are set to shape global business, investment, and policymaking.
Crypto exchange Coinbase reported a steep rise in fourth quarter profit on Thursday, driven by higher trading volumes in bitcoin and other tokens following the U.S. election.
Thursday reported better-than-expected and its biggest quarterly revenue in three years, strengthened by a raging postelection rally that pushed crypto prices to new high after new high at the end of last year.
The crypto exchange benefited from a major bull move in crypto during the fourth quarter surrounding Trump's election victory.
The FBI's initiative to counter crypto investment fraud has helped thousands of victims avoid losing millions of dollars since its launch, according to a Feb. 13 press release. Dubbed Operation Level Up, the program proactively identifies individuals in the midst of being scammed and intervenes before they lose their money.
One of the biggest US-based crypto custodian services providers is reportedly considering an initial public offering (IPO). Citing people familiar with the matter, Bloomberg reports that BitGo is in talks with potential advisers for a listing by the second half of the year.
Many altcoins continue to experience sharp price decline, triggering uncertainty among investors about the much-anticipated altseason. As these tokens decrease further, their weak performance has negatively impacted the overall alt market value, leading to one of its biggest drawdowns in history.