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MicroStrategy the largest Bitcoin-holding public company saw its unrealized gains on its BTC investment reach near the $1B mark as the company’s stocks gained nearly 9% on the day. The Bitcoin (BTC) price surge on Monday has now catapulted Bitcoin-related stocks to surge to new highs with the likes of Coinbase and Microstrategy posting new multi-week highs. Bitcoin mining stocks saw significant gains amid the BTC price momentum with the likes of United States-listed Riot Blockchain recording an 11.69% surge followed by Marathon Digital Holdings at a 14.6% increase. Another factor that played a key role in the mining stocks surge is the upcoming halving event that will cut the Bitcoin mining reward from 6.25 BTC to 3.125 BTC per block. Marathon Digital stock price chart. Source: TradingView Bitcoin mining stocks not only outperformed Bitcoin in terms of daily price rally but also in terms of year-to-date gains. Cipher Mining Inc. has seen an increase of 356% YTD compared to Bitcoin’s ...

SBF, Caroline Ellision, Alameda and FTX may have conspired to keep Bitcoin price below $20,000, but is it actually possible and worth the effort? On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX's co-founder and CEO, Sam "SBF" Bankman-Fried, to sell Bitcoin (BTC) if its price remained above $20,000.  This admission came as a shock to the entire crypto industry, but the two conspiring to suppress BTC price, versus actually doing it are two different things. While there are no details available regarding the size and timing of these trades, the timeframe likely falls within September and October 2022, just weeks before Alameda and FTX collapsed. Determining whether Alameda effectively acted to suppress Bitcoin's price below $20,000, as alleged by some analysts and traders is challenging, if not impossible. Nevertheless, it is possible to assess the significance of FTX'...

Coinbase Victory Against the US SEC A three-judge panel for the DC Circuit Court of Appeals sided with Grayscale Investments after the U.S. SEC failed to give reasoning for their denial of spot Bitcoin ETFs. Neither the SEC nor Gary Gensler is able to provide clarity on whether or which cryptocurrencies are securities, indicating a lack of clarity regarding crypto. advertisement Pro-XRP lawyer John Deaton takes a jibe at the SEC and Gary Gensler for defeat against Grayscale, saying “Hey Gary Gensler how’s that Regulation by Enforcement policy going for you?” He also agreed totally with analyst Scott Melker “The Wolf of All Streets” that Coinbase will annihilate the SEC in its lawsuit. Also, Gary Gensler will prove to be the worst commissioner of all time. Coinbase is going to absolutely annihilate the SEC and Gary Gensler will be looked back upon as the worst commissioner of all time. And all will be well. Recomm...

In the final moments of the trading session on Tuesday, Aug.29, the value of COIN stood at $85.13 per share, a jump of 15% over the previous day's close. Coinbase's stock experienced a significant surge on Aug. 29 after reports emerged that a federal judge had ruled in favor of Grayscale in their SEC legal dispute. In the final moments of the trading session on Tuesday, Aug.29, the value of COIN stood at $85.13 per share, marking an increase of over 15% over the previous day's close. Coinbase, the largest cryptocurrency exchange in the United States, has been publicly listed on the Nasdaq since 2021. On Aug. 29, a federal court ruled that the U.S. Securities and Exchange Commission did not provide a consistent justification for rejecting Grayscale's request to transform its Bitcoin Trust into a traditional Bitcoin ETF. Screenshot showing Coinbase stock price increase. Source: Coinbase The verdict, perceived as a victory for the cryptocurrency sector by investors, ...

The United States crypto exchange has increased its offer for discounted debt by 3%. Crypto exchange Coinbase has raised the offer on its $150 million debt buyback program after lukewarm demand . In an Aug. 21 announcement, Coinbase revealed that since the buyback program went into effect earlier this month, investors have tendered just over $50 million of bonds compared to a target of $150 million. Accordingly, the exchange raised its offer on 3.625% Senior Notes due 2031 from 64.5 cents on the dollar to 67.5 cents on the dollar. Coinbase wrote:  "Holders of Notes ("Holders") who validly tendered and did not validly withdraw their Notes at or prior to the Early Tender Time are eligible to receive the Amended Consideration for the Notes accepted for purchase. Holders of Notes will also receive accrued and unpaid interest on their Notes validly tendered and accepted for purchase" Exactly $1 billion Coinbase 3.625% Senior Notes due 2031 were issued in September...

Former Coinbase Employee Requests 10-Months Prison Sentence According to the court filing on April 26, Ishan Wahi has filed a sentencing memorandum in the US District Court for the South District of New York. Ishan Wahi faces a sentencing hearing on May 9, which could send him to jail for many years. advertisement Defendant Ishan Wahi requested a sentence of no more than 10 months for his insider trading charges, considering his social and personal responsibilities, and good history. Lawyers representing Wahi believe it would be sufficient to impose 10-months jail term, but not excessive, punishment for the crimes of conviction. The SEC accused former Coinbase executive Ishan Wahi, along with Ishan’s brother Nikhil and their friend Sameer Ramani of engaging in insider trading. Both Wahi brothers have pled guilty, with Nikhil being sentenced to 10 months. Ishan Wahi is also seeking a similar sentence next month. ...