.BankofAmerica bails on coinbase after its 80% decline this year. While not another FTX_Official, says BofA, that does not make the exchange immune from the broader fallout in the crypto ecosystem. willcanny99
Crypto exchange Coinbase is now faced with a number of new headwinds because of the, Bank of America said Friday, as it downgraded its rating on the stock to neutral from buy.
While BofA is confident that Coinbase is not another FTX, that doesn't “make the company immune from the broader fallout in the crypto market.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of America downgrades Coinbase, says FTX collapse raises 'contagion risk' for crypto platformThe analyst cited three reasons for the downgrade, including lower trading expected from retail traders after the debacle.
Read more »
Bank of America Says Crypto Exchanges' Proof of Reserves Have Too Many Shortcomings.BankofAmerica says that crypto exchanges' proof of reserves, in the form that they have been suggested, have too many shortcomings to inspire confidence. By willcanny99
Read more »
Bloomberg Crypto: Matt Levine Weighs In on the Post-FTX Crypto Ecosystem on Apple PodcastsIt's time to unpack the spectacular downfall of Sam Bankman-Fried's FTX. kgreifeld and VildanaHajric talk with matt_levine about a possible post-FTX crypto ecosystem on the Bloomberg Crypto podcast. Listen: Apple ➡️ Spotify ➡️
Read more »
Larry David sued for crypto ad in which he talked crap about cryptoLarry David sued for crypto ad in which he talked crap about crypto, which feels about right
Read more »
Prominent Crypto Market Maker B2C2 Offers to Buy Loans From Genesis' Crypto-Lending UnitMarket maker B2C2 is offering to buy loans from the crypto-lending unit of Genesis, as it pauses redemptions and new loan originations in the wake of FTX’s collapse. Genesis is a sister company of CoinDesk. B2C2 founder Max Boonen discusses the offer, lessons learned, and outlook for the crypto markets as the FTX fallout continues to ripple across the industry.
Read more »