![]() Investors Display Confusing Signals for COIN Stock to quickly pass a crypto bill, ensuring regulations that will uphold global implications, not just local ones. Likewise, the Commissioner of the European Commission is pushing the U.S. On October 10, the European Union approved the Markets in Crypto-Assets (MiCA) framework for regulating cryptocurrencies. Coinbase’s tepid security features are cited as the main reason for the robbery.Ī lack of an appropriate regulatory framework remains the biggest challenge in making crypto a foolproof investment option. Coinbase is facing its own legal fight from nearly 100 Coinbase Wallet users that were robbed of $21 million worth of crypto. ![]() Hackers continue to siphon millions of dollars worth of cryptocurrency from digital wallets. Hacks Continue to Challenge Digital Currencies Notably, these outflows could have been conducted in over-the-counter trade and thus did not impact the prices of BTC. The withdrawal suggests that investors are looking to accumulate digital assets in the wake of the persistent downfall in the crypto market. The outflow marked the largest since June 2022 and the second biggest in crypto’s history. Following the news, COIN stock fell 4.3% to close at $66.21. About 48,000 bitcoins ( BTC-USD) valued at $940 million were withdrawn from Coinbase Pro yesterday. ![]() Investors’ most favored cryptocurrency exchange, Coinbase Global ( NASDAQ:COIN), witnessed a massive outflow of digital currency on October 18, as per data provider CryptoQuant. ![]()
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