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Could XRP Soon Be Relisted on Coinbase?

The XRP legal team has won some recent skirmishes, which could force the SEC into a face-saving settlement. The U.S. Securities and Exchange Commission (SEC) seems to be experiencing a prolonged, incremental death by a thousand paper cuts regarding its lawsuit against Ripple, which alleges Ripple's cryptocoin XRP is an unregulated security. When the SEC filed its suit last December, many experts and analysts felt it was a death knell for XRP, as it was delisted from most crypto exchanges globally. With little opportunity to raise legal funds due to the delistings, many thought XRP might RIP.
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Fortune

Coinbase looks across the pond for inspiration

This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. Coinbase may be the most well-known crypto exchange in the U.S., but there are many companies in the broader space doing bolder things.
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Picture for Coinbase looks across the pond for inspiration
TRENDING TOPICS

3 Reasons Coinbase Will Hold Up Better Than Robinhood

Robinhood stock fell sharply on Wednesday after a poor quarterly report. Crypto revenue suffered a 78% sequential dip. Coinbase should hold up better as a result of its more well-rounded offerings as a true cryptocurrency trading platform. Coinbase reports in two weeks. It can't afford to disappoint after its recent...
STOCKS

Coinbase expands lobbying network by hiring WilmerHale veteran

(Reuters) - The digital currency exchange Coinbase Inc has expanded its network of outside lobbyists, hiring a public policy leader at Wilmer Cutler Pickering Hale and Dorr in Washington, D.C., to advocate on cryptocurrency legislation as regulatory pressures mount. Wilmer's Rob Lehman filed a U.S. lobbying registration for Coinbase, based...
ECONOMY
CNBC

Coinbase is launching a marketplace for NFTs

Coinbase has opened a waitlist for a marketplace that lets users mint, collect and trade nonfungible tokens. The NFT market has boomed this year, with sales volume topping $10 billion in the third quarter, according to DappRadar. The move could be a way for Coinbase to branch out into new...
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CNBC

NBA lands first cryptocurrency sponsorship with Coinbase

NBA agreed to a sponsorship deal with Coinbase. Terms of the deal were not provided, but Coinbase will get WNBA, NBA G League and USA Basketball branding. The National Basketball Association is preparing for its 75th anniversary on Tuesday. But it also increased its presence in the cryptocurrency space as it braces for the future.
NBA
Motley Fool

Should You Use Coinbase to Buy Bitcoin?

Here are some questions to ask before signing up with Coinbase. Coinbase is a popular cryptocurrency exchange that's ideal for new investors. If you're planning to buy Bitcoin (BTC) using U.S. Dollars and you live in any U.S. state except for Hawaii, you can do so in a couple of ways through Coinbase.
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CNBC

Coinbase users slam new customer service phone support: 'It was a joke'

Cryptocurrency exchange Coinbase started new live phone support in the wake of thousands of customer service complaints. One Los Angeles couple lost about $700,000 from their Coinbase account. The company says it was not responsible for that hack. CNBC interviewed multiple customers who tried the new support option, with some...
TECHNOLOGY
Street.Com

Coinbase Hires Investment Bank Vet to Head New Institutional Unit

Coinbase has tapped an investment banking and hedge fund veteran to run a new business unit tasked with building relationships with institutional cryptocurrency allocators. Paul Magahis joined Coinbase earlier this month from investment bank StoneX, where he served as co-head of capital introduction, according to two people with knowledge of the matter. Subscribe for full article.
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Forbes

Does Bitcoin’s Rally To $57K Make Coinbase Stock More Attractive?

Coinbase stock (NASDAQ: COIN) has gained almost 11% over the last week (five trading days) considerably outperforming the S&P 500, which was up by just about 1% over the same period. The gains are likely driven by the recovery in Bitcoin prices in recent weeks. While the bellwether cryptocurrency saw a big sell-off through the summer, it has rallied by about 6% over the last week and about 24% over the last month, trading at levels of $57,000 as of Monday. Higher crypto prices typically bring more active users onto the Coinbase platform and drive trading volumes, helping Coinbase’s revenues. Coinbase previously guided that its monthly transacting user base could drop to between 5.5 million to 8 million for the full year, down from around 8.8 million in June 2021, and it’s possible that the recent increase in crypto prices could stem this decline to a certain extent.
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