Bitcoin and crypto exchange Coinbase has integrated Bitcoin’s Lightning Network, enabling faster and cheaper BTC transactions for its users in the United States (with the exception of New York). As the largest Bitcoin exchange globally by users, trading volume, and custody of assets, Coinbase’s adoption of Lightning is a major win for the Bitcoin scaling solution….
Andersen Ross Photography Inc/DigitalVision via Getty Images I have recently covered other investments in the crypto space, one of them being Bitwise’s ETF (BITQ). While I was generally pessimistic about the fund and its constituent companies, I had a better summary of Coinbase (NASDAQ:COIN): Coinbase Global, Inc. strikes me as probably the best business of…
Lightspark, led by CEO David Marcus, former President of PayPal, has been selected by Coinbase, the largest US cryptocurrency exchange, to integrate the Bitcoin Lightning Network onto its platform. This integration is set to enable Coinbase customers to conduct instant and cost-effective bitcoin transactions. Thrilled to announce that @Coinbase has selected @Lightspark to enable the #Bitcoin…
Coinbase, one of the leading Bitcoin and cryptocurrency exchanges, experienced a significant outage today as Bitcoin’s price soared, leaving many users accounts malfunctioning. The disruption occurred amid a sharp increase in trading activity following Bitcoin’s surge in price, which briefly surpassed $64,000. JUST IN: Coinbase has reportedly crashed. — Bitcoin Magazine (@BitcoinMagazine) February 28, 2024…
Nigeria has taken drastic measures in to attempt to stabilize its plummeting national currency, the naira, by blocking access to major cryptocurrency exchanges, reported the Financial Times. This move comes as the Nigerian government attempts to crack down on currency speculation amid record lows for the naira. JUST IN: 🇳🇬 Nigeria blocks access to Coinbase,…
Over the past decade, Coinbase has reached millions of cryptocurrency traders and expanded to become the largest crypto exchange in the US. Despite its solid reputation, Coinbase did not avert scrutiny and skepticism. It has intensified in the past two years, driven by the sharp upsurge and plunge in crypto prices in a short period….
Yuichiro Chino/Moment via Getty Images Shares of Coinbase (NASDAQ:COIN) have soared after the company submitted a much better than expected earnings sheet for the fourth-quarter on resurging trading volumes. The company’s fundamentals are improving due to a broad recovery in the cryptocurrency market. The current rally in Bitcoin (BTC-USD), driven by the SEC’s greenlighting of…
Digital asset investment firm, Valkyrie, has become the first spot Bitcoin Exchange-Traded Fund (ETF) to diversify the custody of its coins, according to a recent Securities and Exchange Commission (SEC) filing. In a move to enhance security and reliability, Valkyrie is now working with leading custodian provider BitGo, already in addition to Coinbase, to safeguard their funds….
The presiding judge did not issue a ruling or signal the outcome but a win for Coinbase could be a huge blow to the SEC, which has lost several crypto-related cases. With the United States Congress having failed to provide clear guidelines for the nascent cryptocurrency market, the key crypto players in the country have…
As Coinbase has pointed out, fiat transfer fees can get as high as 3% to 6%. Through this partnership with Yellow Card, users will pay a maximum of 2% for each transaction. One of the benefits of cryptocurrency and blockchain being such barrier-breaking concepts is that people from all over the world can gain access…
Coinbase could win big if the SEC approves spot Bitcoin ETF as the exchange is responsible for custody on most of the pending proposals. The rush for spot Bitcoin exchange-traded funds (ETFs) could benefit Coinbase Global Inc (NASDAQ: COIN), the largest cryptocurrency exchange in the US. In what can only be described as a big…
The dynamic ARK Invest’s ETF rebalancing approach, coupled with strategic investments in major tech stocks and ongoing engagement with regulatory authorities, reflects the firm’s adaptability and forward-thinking strategy. ARK Invest, the renowned investment firm led by Cathie Wood, has continued its strategic realignment by selling an additional $20.6 million worth of Coinbase Global Inc (NASDAQ:…
Ark Invest purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO) and 4,320,928 units of the US Bitcoin futures-linked ETF. Cathie Wood’s asset management firm Ark Invest has actively engaged in portfolio rebalancing this year amid a surge in stock prices of crypto firms. In the latest development on Wednesday, December 27, Ark Invest…
The analyst said TradFi institutions trying to get into crypto, but are unsure how to begin, may use Coinbase stock to enter. According to the co-founder of research firm Reflexivity Research Will Clemente, shares of major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) could serve as an indicator for the crypto sector. Clemente says Coinbase…
Coinbase has officially received a license in France and can offer French users trading, custody, and several other related crypto services. Major American crypto exchange Coinbase Global Inc (NASDAQ: COIN) has officially registered as a virtual asset service provider (VASP) in France. The exchange is fully permitted to handle crypto services in the countries, allowing it to…
Amidst the sell-off, Ark Invest has strategically acquired 158,334 shares ($12.1 million) in Jack Dorsey’s Block Inc for its Next Generation Internet ETF. Ark Invest, a renowned asset management firm led by Cathie Wood, has been making strategic adjustments to its portfolio, most notably in its dealings with Coinbase Global Inc (NASDAQ: COIN) and Grayscale…
With about 425 million owning crypto and more than 80 percent of G20 countries moving towards enabling digital assets, Coinbase is confident the industry will unlock economic freedom to billions of users. The cryptocurrency industry has continued to evolve with the market needs and the fast-changing global regulatory landscape. The trillion-dollar industry is preparing for…
With the mass adoption of digital assets in the United States, notable presidential candidates have shown support for the blockchain and crypto asset industries. The crypto market has faced immense regulatory scrutiny from the current US government led by President Joe Biden. The lack of a clear crypto regulatory framework has left significant room for…
Solana, the blockchain network hosting Bonk, has experienced an impressive run in 2023. Earlier this month, SOL saw a remarkable 50% jump in just a few days, indicating a strong bullish trend. The crypto market is seeing another boom in the altcoin space as Solana-based memecoin, Bonk (BONK), witnessed a 40% surge in the past…
Coinbase said the launch of the international digital asset trading platform is part of its move for global expansion driven by regulatory uncertainties in the United States. Leading American cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has introduced spot trading options for international customers outside the United States. In an official announcement on December 13,…
Coinbase-backed Project Diamond will leverage the Base L2 network and the Coinbase technology stack to enable institutional investors to tokenize and trade real-world assets. Leading United States cryptocurrency exchange by registered users and average daily traded volume Coinbase Global Inc (NASDAQ: COIN), has continued to widen its global market reach with Binance Holdings Ltd under…
Reacting to Coinbase’s announcement, BONK quickly took to its heels, gaining nearly 8% in value to reach $0.00001132. Solana-based memecoin Bonk (BONK) is set to be listed on Coinbase, a major US-based cryptocurrency exchange. This was revealed in an announcement by the exchange on Wednesday as it unveiled its listing roadmap via a blog post….
While Cathie Wood has been aggressively selling off her investments in crypto firms, she’s making fresh bets in the AI space acquiring shares of top tech companies like Microsoft and Meta. Cathie Wood’s Ark Invest has been doing massive capital rotation by offloading its crypto investments and eyeing a push into AI. Ark Invest executed…
Seamless Protocol, a prominent project within Coinbase’s Base ecosystem, has launched its governance tokens for trading on the crypto exchange under the ticker SEAM starting at 18:00 UTC on Monday, December 11. As a leading lending and borrowing protocol on the layer-2 blockchain, Seamless boasts a substantial total value locked (TVL) exceeding $10 million. SEAM,…
The partnership between Coinbase and Conio is indicative of a larger trend in Europe that sees traditional banks and other financial institutions accepting cryptocurrencies more and more. The well-known US cryptocurrency exchange Coinbase and Conio, an Italian cryptocurrency wallet provider partly owned by two large Italian companies, have formed a new alliance. This partnership aims…
At the time of writing, Coinbase stock is trading at $141.98 whoch indicates a drop of over 3%. Coinbase stock is in the red zone during the pre-market session today while Bitcoin price has decreased from $44,000 to around $41,600. At the time of writing, BTC is trading at nearly $42,000. It is reported that…
The recent batch of dumping Coinbase (COIN) shares has been the largest from Ark Invest in 2023. COIN stock price is around a new yearly high of $140. Cathie Wood’s asset management firm Ark Invest has been liquidating its Coinbase Global Inc (NASDAQ: COIN) stock holdings in big numbers recently. On December 5, ARK executed…
Whether transferring money to family abroad or tipping a tour guide on vacation, Coinbase Wallet lets users easily create a personalized link for any payment amount. Cryptocurrency platform Coinbase aims to make sending money worldwide easier, faster, and more affordable through newly added features. Users can now instantly send funds globally by simply creating a…
Stand With Crypto disclosed on its website that the event would feature the presence of Republican candidate Asa Hutchinson, currently serving as the 46th governor of Arkansas. The “Stand With Crypto” campaign, introduced last year by the cryptocurrency exchange Coinbase, is set to host its first presidential forum with 2024 presidential aspirants to discuss digital…
With MicroStrategy’s shares trading at $574 ahead of today’s open, a level not seen since April 2022, investors are closely watching the company’s performance amid the ongoing crypto resurgence. Recent market dynamics have highlighted the impact of the ongoing Bitcoin (BTC) price rally on certain stocks, with Coinbase Global Inc (NASDAQ: COIN) and MicroStrategy Inc…
These asset shifts have also been constantly noticed ever since FTX filed for bankruptcy, leaving many to speculate about the rationale behind the moves. According to a recent tweet by Spot on Chain, crypto accounts linked to the collapsed crypto exchange FTX and its sister trading firm Alameda Research executed over $10 million worth of…
Coinbase CEO Brian Armstrong voiced frustration over the charges. He mentioned how his company has provided a lot of clarity to the SEC but the commission on the other hand is not making matters easier. Despite over 30 meetings with the SEC in the past 18 months aimed at gaining regulatory clarity, cryptocurrency exchange Coinbase…
Customers who have interacted with both Coinbase and Bybit reported receiving emails from Coinbase notifying them of the CFTC subpoena. Leading American cryptocurrency exchange Coinbase has issued warnings to an undisclosed number of users regarding a subpoena it received from the United States Commodity Futures Trading Commission (CFTC) about Bybit, another digital asset trading platform…
Ark Invest seems to be rearranging its investment portfolio and has continued to sell huge amounts of Coinbase, while acquiring Robinhood shares. Cathie Wood’s investment firm, Ark Invest, made notable moves in its portfolio on Monday, marking a strategic shift in its crypto and fintech holdings. Ark Invest sold a substantial amount of its Coinbase…
Armstrong emphasized the significant role of various crypto companies in shaping the global crypto economy and transforming the financial system, particularly noting the prevalence of smaller startups. He underscored the importance of regulatory clarity, anticipating that it would contribute to increased investment, particularly from institutional sources. Last week, the US Department of Justice imposed a…
COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high. Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has seen its stock price climb over 250% so…
Legal experts, including Ripple lawyer John E. Deaton, share Armstrong’s optimism, speculating that Coinbase will be a significant beneficiary of Binance’s regulatory challenges. Recent developments have thrust Coinbase Global Inc (NASDAQ: COIN) into the spotlight, positioning it as the frontrunner following regulatory challenges faced by its main rival, Binance. The collapse of FTX had already…
Armstrong touted Coinbase’s efforts at remaining in line with US compliance, while calling for regulatory clarity in the sector. The CEO of Coinbase Brian Armstrong has commented on Binance’s regulatory issues, particularly Changpeng Zhao’s decision to step down as CEO. The Coinbase chief took to X to explain the exchange’s decision to follow rules and ensure…
The platform includes a Coinbase Commerce button which allows merchants to easily accept payments for goods, services, and donations. In a groundbreaking move towards enhancing the user experience in onchain payments, Coinbase Commerce has unveiled a comprehensive set of product updates. This development, announced in a recent blog post, is set to address the challenges…
SOL-PERP and AVAX-PERP markets will be launched on Coinbase International Exchange and Coinbase Advanced starting November 14. Coinbase, a leading cryptocurrency exchange, revealed its plan to introduce perpetual futures contracts for two major altcoins, Solana (SOL) and Avalanche (AVAX). The exchange will feature SOL-PERP and AVAX-PERP markets on Coinbase International Exchange and Coinbase Advanced starting…
COIN shares immediately saw a surge in trading activity leading to a 5.14% increase in their stock price. Coinbase Global Inc (NASDAQ: COIN) shares as well as tokens of some Ether (ETH) liquid staking platforms are reacting to reports that giant asset manager BlackRock has filed for a spot ether exchange-traded fund (ETF) recently. According…
Coinbase contends the SEC’s interpretation of what constitutes a security is dangerously broad and insupportable. In the exchange’s view, only assets conferring explicit financial rights or a stake in a business should be considered securities. The popular crypto exchange Coinbase Global Inc (NASDAQ: COIN) is locked in a major legal battle with the Securities and…
Coinbase is looking to expand its footprint in Europe amid more crypto-friendly MiCA laws that will allow it to operate in all 27 EU states under a single license. In a major move, crypto exchange Coinbase Glonal Inc (NASDAQ: COIN) has decided that it will select Ireland as its regulatory hub in the entire EU…
Coinbase now offers crypto derivatives trading to eligible customers outside of the United States, for BTC, LTC, XRP and ETH. Coinbase has taken a significant step to cater to the growing demand for crypto derivatives trading by launching perpetual trading for eligible non-US retail customers. These users can trade perpetual futures through the Coinbase Advanced…
Coinbase noted that the recent action is part of its efforts to enhance overall market health and consolidate liquidity. One of the world’s largest crypto exchanges Coinbase Global Inc (NASDAQ: COIN) has been taking measures in order to boost liquidity on the platform. As a result of this, Coinbase has suspended a total of 80…
Aside from Coinbase has raised concerns about the potential adverse impact of the proposed law across various sectors within the digital asset ecosystem. The recent proposal from the US Internal Revenue Service (IRS) regarding crypto tax regulations has drawn strong criticism from Coinbase, the largest cryptocurrency exchange in the United States. Expressing deep concern, the…
Coinbase, one of the world’s largest Bitcoin and crypto exchanges, has received approval from the Monetary Authority of Singapore (MAS) to offer Bitcoin buying and selling services to both retail and institutional investors in the country. This milestone makes official Coinbase’s expansion into the Singaporean market, which has been gradually embracing Bitcoin as an investment option….
With the license approval, Coinbase has now joined the ranks of other crypto companies with full licenses, demonstrating the country’s commitment to fostering a vibrant and well-regulated digital assets ecosystem. Leading American cryptocurrency exchange Coinbase has been granted an operational license in Singapore through its subsidiary to service its customers in the region legally. On…
By securing the latest regulatory approval, Coinbase would be able to offer its eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform. Coinbase International Exchange, holding a class F license granted by the Bermuda Monetary Authority (BMA), has disclosed that it has secured further regulatory clearance. This authorization now permits Coinbase…
Just a few hours ago, the Ethereum founder deposited 400 ETH to Coinbase. With the price of ETH at $1,573.35 as of the time of writing, the value of the transfer amounts to an impressive $629,200. Ethereum co-founder Vitalik Buterin has recently been observed engaging in noteworthy transactions involving ETH, specifically directing substantial deposits to…