Coinbase, a major crypto exchange, is in the spotlight as its user data
privacy case was declined for review by the
US Supreme Court, effectively backing
IRS access. Meanwhile, Bitcoin still has potential for increased profits, according to various data-backed predictions, despite unrealized profits declining. Amid these developments, Coinbase's stock is approaching an all-time high following a 42% year-to-date gain, even as it faces lawsuits over customer data breaches.
The crypto market is also absorbing ripple effects from diverse events taking place concurrently. A
data leak at Coinbase put users at physical risk, resulting in calls to scrap KYC. Notwithstanding, Coinbase was added to the
S&P 500 after the disclosure of the data breach.
In the cryptocurrency realm, Bitcoin continues to set new highs while analysts suggest a possible rally to even greater levels. Meanwhile,
$PEPE and
$TRUMP meme coins are gaining acceptance in the social casino of Bitnile.com—a Hyperscale Data subsidiary. Bitnile.com also launched its own
Nile Coin on the Solana Blockchain while accepting it for in-game purchases.
Altcoins also experienced fluctuating fortunes with Dogecoin successfully defending the 16 cent support, while NEAR Protocol sees a downturn. The bullish and bearish trend shifts in the market point towards the volatile nature of cryptocurrency.
DATA Coin News Analytics from Thu, 14 Nov 2024 08:00:00 GMT to Wed, 02 Jul 2025 10:13:20 GMT -
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