Coinbase CEO Brian Armstrong is considering relocating out of California due to the state's proposed billionaire wealth tax, which he calls "deeply un-American" and potentially unconstitutional. The tax would impose a one-time 5% levy on the net worth of about 200 billionaires in California, sparking opposition from tech leaders who fear it could drive businesses and wealthy individuals away. Armstrong, who has paid substantial income taxes, argues that additional wealth taxes harm the state and the country, and he is exploring all relocation options. The tax will be on the November ballot, with proceeds aimed at healthcare, food assistance, and education in California.
Coinbase stock increased by 14% over the past month, underperforming Bitcoin's 26% rise, because its revenue depends on trading volume and transaction fees rather than the Bitcoin price itself. While Bitcoin surged, Coinbase's trading volume declined...
SoFi Technologies and Coinbase Global stocks rose sharply as stablecoin trading expands beyond crypto-only firms into fintech. SoFi's SoFiUSD stablecoin, backed by the Federal Reserve, and Coinbase's USDC stablecoin are driving this sector rotation, ...
Bitcoin briefly surged past $80,000 in early trading, extending gains from a recent rally driven by renewed investor appetite for riskier assets and a short squeeze that liquidated over $4 billion in bearish positions. This momentum attracted retail ...
Coinbase has chosen Chainlink as the official oracle infrastructure for its Tokenized Stocks on the Base blockchain, providing continuous, institutional-grade pricing data. This integration allows millions of Base users to lend, borrow, and trade tok...
Coinbase Global (COIN) has faced a volatile year, with its stock price ranging from $139 to $402 and a 38% decline over the past 12 months. Despite this, COIN has recently outperformed the market, rising 7% compared to the benchmark's 2%. The analyst...
