Six people are going up against the Treasury Department. Two stories that seem to be different. One very scary example. It all has to do with privacy.
In this edition of CryptoSlate Wrapped Daily, Voyager receives bids from 22 parties interested in purchasing its assets, Algorand upgrades its network mainnet to increase transaction capacity, and much more.
According to a class action lawsuit filed in a Georgia court, the cryptocurrency exchange failed to protect consumers' accounts against theft and hacks, and it is suing for up to $5 million in damages.
Since our previous article on Coinbase, the price of shares has drifted to new lows before staging a rebound. Currently, the price hovers around 35.6$, which is down more than 91% from its all-time high value in 2021. With many structural problems in the cryptocurrency market, we doubt the stock will reverse the primary downtrend anytime soon.
Coinbase stock has received a consensus rating of buy. The average rating score is and is based on 48 buy ratings, 33 hold ratings, and 5 sell ratings. What was the 52-week low for Coinbase stock? The low in the last 52 weeks of Coinbase stock was 31.83. According to the current price, Coinbase is 111.18% away from the 52-week low.
The 86 analysts offering price forecasts for Coinbase have a median target of 205.76, with a high estimate of 650.00 and a low estimate of 30.00. The median estimate represents a 17.20 difference from the last price of 35.39. The famed money manager now holds $47 million worth of Coinbase stock in its Ark Fintech Innovation ETF.
Open a brokerage account If you don't already have an investment account, you'll need to open a brokerage account to buy stocks like Coinbase. Brokerage accounts also offer you access to other investments, like mutual funds, bonds and exchange-traded funds — and these days, some brokers even offer cryptocurrency trading themselves.
Dan Ives of Wedbush Securities joins 'Closing Bell' to discuss Coinbase stock ahead of the company's earnings announcement.
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