According to Arkham, Coinbase owns about 5% of all Bitcoin currently in existence, nearly as much as BTC creator Satoshi Nakamoto’s holdings. Blockchain analysis and intelligence platform Arkham Intelligence has announced that major crypto exchange Coinbase holds $25 billion worth of Bitcoin in its reserves, which amounts to about 1 million Bitcoin. According to an Arkham post,…
Until FTX collapsed in November, FTX Europe was the only firm offering special crypto derivatives (perpetual futures) to the European market. Reports have emerged that Coinbase considered acquiring FTX Europe after the exchange’s bankruptcy in November. While the acquisition talks were not successful, Coinbase’s interest in FTX Europe underlines how important derivatives have become to…
The “Stand with Crypto” campaign will have a strategic focus on nine specific states in the United States: New Hampshire, Nevada, Ohio, Pennsylvania, Arizona, California, Georgia, Illinois, and Wisconsin. The Coinbase “Stand with Crypto” campaign is dedicated to advocating for favorable cryptocurrency legislation in the United States. This initiative follows extensive research by Coinbase, revealing…
In a matter of weeks, Coinbase constituted a team to dig into the protocol and assess the feasibility of its integration. Coinbase CEO Brian Armstrong has announced the exchange’s plans to integrate the Bitcoin Lightning Network (LN) into its infrastructure. LN is a layer 2 payment protocol that was created to improve the scalability of…
Coinbase CEO Brian Armstrong, chief executive at one of the world’s largest crypto asset exchanges, broke his longstanding silence on Bitcoin today, offering rare words of enthusiasm for the world’s largest cryptocurrency by market value. In a post on X, Armstrong announced that Coinbase is moving to enable user access to the Bitcoin Lightning Network,…
Coinbase Global, Inc. (NASDAQ:COIN) Barclays 2023 Global Financial Services Conference September 12, 2023 11:15 AM ET Company Participants Alesia Haas – CFO Conference Call Participants Benjamin Budish – Barclays Benjamin Budish All right. Hello, everyone. Welcome to our next session here. I’m Ben Budish, Barclays analyst, covering the U.S. brokers, asset managers and exchanges. And…
Coinbase’s journey into the Indian crypto market has been marked by challenges since the beginning of its launch. Leading American crypto exchange Coinbase has issued a clarification regarding the termination of its exchange services for Indian users. In a move that has raised eyebrows within the virtual asset community, Coinbase sent out emails to certain…
Armstrong pointed out protocols like Truflation, Ampleforth/Spot, and Nuon that are building crucial infrastructure for the development of flatcoins in the near future. The growth of the cryptocurrency market has significantly been spearheaded by top crypto firms like exchanges, and DeFi protocols. Coinbase Global Inc (NASDAQ: COIN) has played a major role in pushing the…
Coinbase’s vice presidents for international business and international policy are clearly dissatisfied with the regulatory situation in the United States. Coinbase is strategically expanding its cryptocurrency exchange services globally, with a particular emphasis on markets with clear regulatory frameworks. In its short-term expansion strategy, Coinbase is prioritizing countries outside the United States based on their…
In addition to the failed Lend program, Coinbase has attempted other lending services in the past. Coinbase has announced that it is working on a crypto lending service for institutional clients in the United States. A September 1 filing with the US Securities and Exchange Commission (SEC) shows that the company has already raised $57…
Coinbase has decided to increase the buyback cap to a substantial $180 million thereby leading to a notable surge in investor participation. On Tuesday, September 5, the world’s leading crypto exchange Coinbase announced that it is topping its debt buyback from $150 million previously, to now at $180 million. Thus, Coinbase is willing to buy…
While there is still no word from Vitalik Buterin, the Ethereum co-founder’s ETH move connects with a poor market and possible ETH ETF. Ethereum co-founder Vitalik Buterin has moved 600 Ether (ETH), about $1 million, to a Coinbase wallet, according to data from Etherscan. The move is interesting because, over the last few days, the value of…
Coinbase noted that Tether’s USDT doesn’t meet their listing standards for Canada and thus they decided to suspend the stablecoin. By the end of this month on August 31, crypto exchange Coinbase has decided to suspend the trading of Tether’s USDT stablecoin along with DAI, and RAI, for Canadian users. The crypto exchange sent an…
With the approval, Coinbase has become the first native crypto company to provide both derivatives and spot trading services directly to customers. Leading American crypto exchange Coinbase has received regulatory approval to offer eligible customers in the United States the opportunity to trade Bitcoin (BTC) and Ethereum (ETH) futures contracts. The company will serve as…
Rep. David Schweikert, listed as a lawmaker with “very supportive” views on crypto in the United States, reached a settlement requiring him to pay $175,000 in connection to breaches of House ethics regulations. US-based cryptocurrency exchange Coinbase has been recently working on actively advocating for crypto holders to directly speak to lawmakers. In its latest…
Coinbase has committed to accelerating its international expansion amid the mainstream adoption of digital assets and blockchain technology. Leading publicly traded cryptocurrency exchange based in the United States Coinbase Global Inc (NASDAQ: COIN), announced on Monday that it has opened its services to crypto users in Canada. The crypto company noted in the announcement that…
The SEC’s handling of the Green United case offers insights into its potential approach to Coinbase’s motion to dismiss, emphasizing the significance of the “major questions doctrine” in cryptocurrency lawsuits. The recent actions by the US Securities and Exchange Commission (SEC) in its lawsuit against crypto miner Green United highlight how the securities regulator could…
In addition to the thriving blockchain ecosystem in New York, the report also casts a spotlight on the state’s captivating fusion of fashion and blockchain technology. Coinbase, one of the leading global crypto exchanges based in the United States, continues to explore the American crypto scene through its ongoing series titled “The United States of…
Coinbase is now full of confidence as they approach the court and inch closer to a final ruling. The ongoing US Securities and Exchange Commission’s (SEC) lawsuit against Coinbase may be about to take a new turn. This follows after the defendant – Coinbase – confirmed that it will be filing an order to the same…
Coinbase told shareholders that it is working towards improving its adjusted EBITDA in absolute dollar terms versus full-year 2022 as it navigates the uncertainty of regulatory scrutiny. Coinbase Global Inc (NASDAQ: COIN) reported its Q2 2023 financial results on August 3, 2023, which beat Wall Street’s expectations. According to the announcement, the company reported a…
Justin Sullivan Coinbase (NASDAQ:COIN) is scheduled to report Q2 financial results after the market closes on Thursday, August 3, 2023. Q2 presented significant challenges for US-based crypto exchanges, including Coinbase, as the SEC intensified its regulatory actions. In Q1, Coinbase beat the consensus EPS estimate of -$0.87 by 152.53%, reporting an actual EPS of $0.45….
While Coinbase is still planning to leverage the Bitcoin Lightning Network, the company’s rival Binance already completed the integration of the L2 network last month. American-based cryptocurrency exchange Coinbase plans to explore the possibility of integrating the Bitcoin Lightning Network into its platform. The move is part of a broader plan to expand digital asset…
Gensler has consistently stated that most cryptocurrencies, except Bitcoin, should be treated as securities. Leading American cryptocurrency exchange, Coinbase is entangled in a regulatory showdown with the US Securities and Exchange Commission (SEC) over its trading practices. According to an interview with the Financial Times, Coinbase CEO Brian Armstrong said the SEC requested the exchange to…
The Beam wallet has been designed atop Ethereum Layer-2 blockchains such as Coinbase’s Base and Optimism for facilitating faster crypto transactions at low cost. Money and payments platform Eco announced the launch of its cash-like crypto wallet Beam backed by some of the biggest players and notable digital asset investors. This includes names such as…
The UK Judge said that Craig Wright won’t be able to pay the legal costs while mentioning his previous inconsistent statements about his financial position. Craig Wright, the self-proclaimed Bitcoin founder Satoshi Nakamoto, is likely to pay hefty legal costs in pursuing the case against crypto exchanges Coinbase and Kraken. In a recent development, James…