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COINBASE GLOBAL, INC.

(COIN)
  Report
Delayed Nasdaq  -  04:00:00 2023-01-27 pm EST
61.37 USD   +15.75%
01/27Top Cryptocurrencies Advance; Bitcoin Trades Above $23,000
MT
01/26Insider Buy: Coinbase Global
MT
01/26Top Cryptocurrencies Rise; Bitcoin Holds Above $23,000
MT
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U.S. agency investigating crypto firms for misconduct

12/05/2022 | 05:46pm EST
FILE PHOTO: Illustration shows representations of virtual cryptocurrencies on U.S. dollar banknotes

WASHINGTON (Reuters) - A U.S. agency that probes allegations of deceptive conduct confirmed on Monday that it had investigations open into several cryptocurrency firms for "possible misconduct."

The Federal Trade Commission spokesperson declined to name the firms or say precisely what actions prompted the investigations.

"While we can't comment on current events in the crypto markets or the details of any ongoing investigations, we are investigating several firms for possible misconduct concerning digital assets," the spokesperson said in a statement.

Bloomberg said in a report that the investigation was linked to misleading advertising but the FTC spokesperson declined to confirm this.

The spectacular implosion of FTX recently sent fresh shock waves through the cryptocurrency industry, with the value of bitcoin down sharply this year.

The Securities and Exchange Commission, which also has regulations mandating disclosures from individuals promoting securities, has cracked down on celebrity endorsements, including reality TV star Kim Kardashian on allegations of promoting a crypto token on her Instagram account without proper disclosure that she had been paid.

The FTC has also pursued companies that presented themselves as cryptocurrency-related firms but which were allegedly nothing more than scams.

(Reporting by Diane Bartz; additional reporting by Anirban Chakroborti in Bengaluru; Editing by Stephen Coates)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN (BTC/EUR) -0.22% 21199.9 End-of-day quote.36.79%
BITCOIN (BTC/USD) -0.20% 23031 End-of-day quote.38.62%
COINBASE GLOBAL, INC. 15.75% 61.37 Delayed Quote.73.41%
All news about COINBASE GLOBAL, INC.
01/27Top Cryptocurrencies Advance; Bitcoin Trades Above $23,000
MT
01/26Insider Buy: Coinbase Global
MT
01/26Top Cryptocurrencies Rise; Bitcoin Holds Above $23,000
MT
01/26Coinbase Fined $3.6 Million by Dutch Central Bank for Failure to Register
MT
01/26Dutch central bank fines cryptocurrency exchange Coinbase 3.3 million euros
RE
01/25Tech firms, Wall Street lead job cuts in corporate America
RE
01/25Top Cryptocurrencies Trade Lower; Bitcoin Slides Below $23,000
MT
01/24Coinbase Announces Date of Fourth Quarter and Full Year 2022 Financial Results
BU
01/24Top Cryptocurrencies Turn Higher; Bitcoin Hovers Around $23,000
MT
01/23Top Cryptocurrencies Trade Mixed; Bitcoin Nears $23,000
MT
More news
Analyst Recommendations on COINBASE GLOBAL, INC.
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Financials (USD)
Sales 2022 3 145 M - -
Net income 2022 -2 605 M - -
Net cash 2022 2 086 M - -
P/E ratio 2022 -5,24x
Yield 2022 -
Capitalization 13 929 M 13 929 M -
EV / Sales 2022 3,77x
EV / Sales 2023 4,14x
Nbr of Employees 3 730
Free-Float 77,4%
Chart COINBASE GLOBAL, INC.
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Coinbase Global, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends COINBASE GLOBAL, INC.
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TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 27
Last Close Price 61,37 $
Average target price 57,32 $
Spread / Average Target -6,60%
EPS Revisions
Managers and Directors
Brian Armstrong Chairman & Chief Executive Officer
Emilie Choi President & Chief Operating Officer
Alesia J. Haas Chief Financial Officer
Fred Ernest Ehrsam Independent Director
Frederick R. Wilson Lead Independent Director