Shares of Coinbase (COIN) jumped 12% Friday despite the crypto exchange missing fourth-quarter earnings expectations, as analysts reacted to the report with a mix of caution on short-term pressures and optimism about the company’s evolving business model. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up...

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Wall Street analysts from companies including JPMorgan (JPM) and Cannacord lowered their price targets for Coinbase (COIN) stock after the largest publicly traded crypto exchange missed fourth-quarter earnings estimates. JPMorgan said weak crypto prices and trading activity weighed on volumes and fees. The bank maintained its overweight rating on the crypto exchange, but cut the price target...

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Convicted sex offender Jeffrey Epstein invested $3 million into the cryptocurrency start-up Coinbase in 2014, according to documents released by the Justice Department on Friday, giving him a small role in the rise of what is now a $51 billion public company and the largest U.S.-based crypto exchange. The documents suggest that Epstein, a financier who maintained contact with tech figures...

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