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Coinbase lands 2nd ‘buy’ rating in a week, with BofA seeing 38% upside
📰 sources⭐ 9.0
TL;DR:
Bank of America has upgraded Coinbase's rating on reversing short interest and tax-loss harvesting, while the exchange is broadening its vision to put the financial system onchain.
Key Points:
Background:
Protocol upgrades involve changes to a blockchain's underlying code to add features, improve performance, or fix security issues. Major upgrades like Ethereum's transition to Proof-of-Stake or Bitcoin's Taproot activation represent significant technical milestones in blockchain evolution.
Why It Matters:
Protocol upgrades can fundamentally change how a blockchain operates, affecting scalability, security, and functionality. These technical improvements drive long-term value and competitiveness of blockchain networks in the rapidly evolving crypto ecosystem.