Tag: Coinbase

BusinessStartupsTechnology

JPMorgan Bullish on Coinbase with 25% Upside Forecast, Citing Base Token and USDC Initiatives

JPMorgan has upgraded Coinbase to overweight with a $404 price target, projecting 25% additional upside. Analysts point to potential Base token launch and USDC yield initiatives as major growth drivers for the cryptocurrency exchange.

JPMorgan Upgrades Coinbase Rating

JPMorgan Chase has reportedly shifted its stance on Coinbase Global Inc., upgrading the cryptocurrency exchange from neutral to overweight according to recent analysis. Sources indicate the bank has also raised its price target from $342 to $404 per share, suggesting approximately 25% potential upside from current levels.

by Desai Priyanka
CloudTechnology

Major AWS Disruption Cripples Key Online Services and Airport Operations

A significant Amazon Web Services failure early Monday impacted over 100 services, grounding popular apps and disrupting airport check-ins globally. The outage exposed critical dependencies on cloud infrastructure as airlines and digital platforms scrambled to restore operations.

Widespread Service Disruptions

A major Amazon Web Services outage early Monday created cascading failures across digital platforms, according to reports. The disruption affected more than 100 AWS services beginning around 3 AM ET, with mitigation efforts continuing through the morning. Sources indicate the outage impacted popular applications including Slack, Zoom, and Coinbase, with Venmo and other financial platforms also experiencing downtime.

by Alvarez Jordan
CloudTechnology

Major Cloud Disruption as AWS Outage Cripples Key Online Services

A major AWS outage originating from the US-EAST-1 region disrupted services across Facebook, Slack, financial platforms and airports early Monday. The DNS resolution issue with DynamoDB caused widespread internet disruptions, reviving concerns about cloud dependency. Amazon reported significant recovery by mid-morning but acknowledged ongoing issues with some services.

Widespread Internet Disruption

A significant Amazon Web Services outage early Monday caused cascading failures across major internet platforms including Facebook, Snapchat, and numerous financial applications, according to reports. The disruption began shortly after midnight Pacific Time in Amazon’s Northern Virginia cloud region, with the company confirming “significant signs of recovery” several hours later.

by Alvarez Jordan
BusinessStartups

Coinbase Increases Investment in India’s CoinDCX, Valuing Crypto Exchange at $2.45 Billion

Coinbase has reportedly increased its investment in Indian cryptocurrency exchange CoinDCX, valuing the platform at $2.45 billion according to sources. The move signals the US crypto giant’s continued commitment to the Indian market despite regulatory uncertainty and recent security challenges.

Coinbase Expands Indian Presence Through CoinDCX Investment

Coinbase has reportedly increased its investment in India’s leading cryptocurrency exchange CoinDCX, according to sources familiar with the matter. The investment extension values the Indian exchange at $2.45 billion post-money, analysts suggest, representing a significant increase from its previous valuation of $2.15 billion during its April 2022 funding round.

by Desai Priyanka