Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Inflation-hit California lost $110M in crypto rewards after 'ban' [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
The exchange launched its “Bring Back Staking in CA” campaign, urging California's Department of Financial Protection and Innovation (DFPI) to end what it calls a “misguided staking ban.” Staking lets crypto holders lock up their tokens to help validate transactions and secure a blockchain network. In return, they earn rewards, similar to earning interest for supporting the network. It's a core feature of proof-of-stake blockchains such as Ethereum, Solana and Cardano. Related: What is staking? Explained Coinbase says the restriction, imposed on June 6, 2023, prevents Californians from using its staking service. even though users in 46 other states continue to earn rewards without issue. “California deserves the same access that 46 other states have,” Coinbase wrote . "Staking isn't a security. No one has ever lost assets by staking on Coinbase. Californians have already missed out on $110M in potential rewards since 2023. Time for change.”\ The campaign's landing page stat Show less Read more
Impact Snapshot
Event Time:
COIN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for COIN alerts
Opt-in for
COIN alerts

from News Quantified
Opt-in for
COIN alerts

from News Quantified