{"id":137014,"date":"2024-09-10T08:30:40","date_gmt":"2024-09-10T05:30:40","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137014"},"modified":"2024-09-09T19:35:03","modified_gmt":"2024-09-09T16:35:03","slug":"jack-dorseys-block-overtakes-coinbase-in-market-value","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/jack-dorseys-block-overtakes-coinbase-in-market-value\/","title":{"rendered":"Jack Dorsey&#8217;s Block Overtakes Coinbase in Market Value&#8221;"},"content":{"rendered":"<p>Coinbase\u2019s stock has faced a significant drop this week, marking its worst performance of the year, amid a broader decline in the crypto market.<\/p>\n<p>Earlier this year, Coinbase overtook Block Inc. in market value, but recent data from The Block shows a reversal. Barclays has adjusted its outlook on Coinbase from Underweight to Equal Weight, citing a more stable regulatory environment and strong industry leadership.<\/p>\n<p>However, Barclays also lowered its price target for Coinbase shares from $206 to $169.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/u-s-bank-faces-lawsuit-for-allegedly-sharing-customer-data-with-tech-giants\/\" title=\"U.S. Bank Faces Lawsuit for Allegedly Sharing Customer Data with Tech Giants\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/03\/bank-1-915x600-2-1-e1690017012716-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">U.S. Bank Faces Lawsuit for Allegedly Sharing Customer Data with Tech Giants<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Coinbase\u2019s stock, which reached a peak of $279.71 on March 25, closed at $147.35 on Friday. Last week, Coinbase achieved a minor legal victory when a New York judge ordered the SEC to provide certain documents related to its ongoing litigation, though the attempt to subpoena SEC Chair Gary Gensler was denied.<\/p>\n<p>Coinbase\u2019s Chief Legal Officer, Paul Grewal, emphasized the importance of the discovery order in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Block, Inc., the parent company of Square, Tidal, and Spiral, has recently surpassed Coinbase in market capitalization for the first time since March.<\/p>\n","protected":false},"author":3,"featured_media":137015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-137014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized 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property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-10T05:30:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/09\/Block.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/UoyhIpJ0QUV6uYL\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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