
Bearish Bitcoin leads to tumble in crypto stocks, with Coinbase taking a hit
JPMorgan downgraded Coinbase shares to underweight because of the current market conditions.

JPMorgan downgraded Coinbase shares to underweight because of the current market conditions.

The analyst cited several reasons why the exchange could win, including SEC's broad definition of securities.

Hut 8 also obtained court approval to acquire four natural gas power plants in Ontario, Canada.

The crypto futures market is enjoying heavy trading activities from enthusiasts speculating on prices of digital assets.

Several Coinbase users encountered various challenges and expressed dissatisfaction with the process on social media platforms.

Bitcoin advocate Michael Saylor to sell $216 million of MicroStrategy stock for crypto expansion

As it obtains VASP status in France, Coinbase takes a significant step in its European expansion strategy.

Even as Bitcoin's value remains subdued, publicly traded crypto companies enjoyed a strong opening to the week.

Coinbase's chief legal officer, Paul Grewal, said the Commission's refusal amounted to an 'abdication of its duty.'

The SEC maintains its current regulatory stance that existing securities rules are sufficient to govern the space.

Coinbase says its international subsidiary remains focused on expanding its services globally amid the regulatory issues in the U.S.

Coinbase's recent "Break The Cycle" ad showed why crypto is a viable alternative to failing financial systems.