I’ve covered Coinbase since it was a tiny startup but have never seen anything quite like what the crypto giant rolled out this Wednesday. At a carefully produced stage event in Los Angeles, the company unveiled an app called Base, which is named for Coinbase’s own blockchain, and is billed as a “super app” that…
Coinbase Global (COIN) stock is flying after two pivotal developments: the U.S. Senate’s passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act and Coinbase’s push to gain SEC approval for tokenized equity trading. Both have massive implications for the crypto economy-focused financial technology company. While the regulatory skies are clearing for…
In just the past month, stablecoin has moved from the fringes of cryptocurrency into the heart of mainstream finance. Hong Kong enacted its stablecoin ordinance, creating a regulatory framework to legitimise and support the issuance of stablecoins, while US lawmakers discuss similar legislation aimed at fostering large-scale stablecoin adoption. Meanwhile, stablecoin issuer Circle Internet Group…
Cryptocurrency apps in the U.S. have surged in popularity due to factors such as the potential for profit, low transaction fees, and increasing user accessibility. These platforms allow users to trade cryptocurrencies easily, offering a decentralized, peer-to-peer model that reduces reliance on traditional financial institutions. The ability to buy low and sell high has attracted…
Photo: Spencer Platt (Getty Images) In This Story The Nasdaq and other major stock market indexes began the week in positive territory on Monday as President Donald Trump planned new tariffs on steel and aluminum imports. The move follows Trump’s tariff announcements last week, which shook global markets. Donald Trump wants a sovereign wealth fund….
Hong Kong’s finance chief has discussed strategies to avoid a “new, non-cooperative normal” with more than 70 global political and business leaders at the World Economic Forum’s annual meeting in Davos. Paul Chan Mo-po also promoted the city’s “new advantages” during various meetings with the leaders, according to the financial secretary’s office on Thursday. He…
Coinbase tops Apple’s iOS finance category with a record $12 billion in trading volume. Coinbase introduces the COIN50 Index and perpetual futures, enhancing investment options for institutional and retail investors. Coinbase’s climb to the top of Apple’s iOS App Store finance category is a big achievement for the crypto exchange. Reflecting a spike in user…
Photo: DIMITRIS KAPANTAIS (Getty Images) It is generally expected that Trump will favor policies that would benefit American oil companies. Non-renewable energy stocks, which provide services to the oil and energy industry, performed well after his victory. EQT (EQT), a natural gas producer that engages in hydrocarbon exploration and pipeline transport, has surged since Trump’s…
Donald Trump is headed back to the White House. Investors believe that’s much better news for some sectors of the U.S. economy than others—and the same goes for different parts of individual Americans’ stock portfolios. Some plays seem obvious. Trump has traditionally been viewed as positive for banks and fossil fuel companies but a scourge…
Google reported strong earnings after the close Tuesday. (Photo by Alexander Koerner/Getty Images) Getty Images Key Takeaways Tech Earnings And Economic Data Bring Mixed Signals For Market Direction Alphabet’s Strong Cloud Growth Boosts Sector; AMD Dips On Guidance Optimism Grows Despite Mixed Earnings And Slight Economic Slowdown Signs It’s been a quiet start to the…