Coinbase announced facilitating access to Ethereum-based decentralized applications directly through the Coinbase app. This update will enable eligible app users to purchase NFTs on marketplaces such as the recently launched Coinbase NFT or OpenSea, trade on decentralized exchanges, and start borrowing, lending, or swapping through DeFi platforms like Compound. Web 3 on Coinbase App As...Read More
EY – a Big Four accounting firm – launched a new application programming interface (API) for its blockchain platform, allowing enterprise users to transact on public blockchains without dealing with the complexity of entire DLT systems. New API for EY OpsChain EY OpsChain, part of the giant’s blockchain platform, is a subsidiary dedicated to solving...Read More
By Jesse Pollak, Senior Director of Engineering at Coinbase Tl;dr: Coinbase is committed to its vision of investing in web3 and the broader cryptoeconomy. We’re embodying this vision by integrating, building, and supporting protocols at Coinbase. Protocols are increasingly integrated into our products, a focus for teams across the company, and a major investment area...Read More
California’s state regulator – Fair Political Practices Commission (FPPC) – will consider allowing the use of cryptocurrencies for political campaign donations four years after banning them. Potential Law Amendments During its most recent Commission Meeting, the FPPC disclosed it had arranged a “pre-notice discussion” where it will contemplate whether to enable digital asset political donations...Read More
Tl;dr: Enterprise-grade liquid staking is an industry gap. The first-ever enterprise-grade liquid staking protocol is being launched by a highly experienced team of founders, with early support from Coinbase Cloud and Figment. We couldn’t be more excited to announce that Coinbase Cloud, in collaboration with Figment, is supporting a group of experienced founders and operators...Read More
In a recent update, the proposal to fork the current LUNA chain into LUNC has been strongly opposed by their own community. The proposal is said to have received huge negative reactions as they mainly intended to create a new chain without the algorithm stablecoin. On the other hand, the community believed burning LUNA tokens...Read More
Billy Markus, co-founder of the popular memecoin Dogecoin (DOGE), said the great majority of cryptocurrency projects in the industry are nothing but scams and garbage with no real value to offer. Markus: 95% of Crypto Projects are Scams In a recent tweet, the Dogecoin creator argued that 95% of cryptocurrencies are worthless as they have...Read More
Tl;dr As part of our goal to continually improve the trading experience and better protect our customers, we are making changes to our market parameters on June 2, 2022 . Min Order Size Limits: Simplifying with just a check on notional As crypto asset prices fluctuate, the base and quote order size limits on our...Read More
China outlawed Bitcoin mining last May. Exactly a year later, the country has re-emerged as the leading venue for mining operations. A new study revealed underground mining activity in the country had catapulted it to second place globally in terms of installed mining capacity. China’s Apparent Comeback Cambridge Centre for Alternative Finance (CCAF) reported the...Read More
Jack Dorsey was not pleased with FTX CEO Sam Bankman Fried (SBF)’s recent criticisms of Bitcoin’s viability as a payments system. The Block Head confronted him yesterday over his failure to acknowledge the lightning network and provided defense for the necessity of mining. SBF’s Interview The conflict began when SBF responded to some backlash over...Read More
Bitcoin, according to one well-followed expert, is on the verge of making a major move now that it has breached a critical psychological support level of $30,000. When individuals talk about the price of Bitcoin, they’re referring to the current market price of the cryptocurrency. Since Bitcoin is a totally speculative asset, this price is...Read More
[PRESS RELEASE – Dubai, UAE, 15th May 2022] Crypto investors around the world are panicking. The current state of the market is causing unprecedented anxiety among those who have significant amounts of capital invested in cryptocurrency. In the span of a few days, we’ve seen dramatic collapses across the board, causing mass hysteria in the...Read More
Do Kwon, perhaps the most notorious name in the cryptocurrency industry in the past few weeks, might have to appear in front of the South Korean government in a hearing on the UST crash. According to the local report, Yun Chang-hyun, a rep from the nation’s ruling People Power Party, has requested a parliamentary hearing...Read More
BitMEX is all set to expand its product offering with the introduction of a spot new market to attract the retail crowd. At launch, the exchange will support seven trading pairs with Bitcoin (BTC), Ethereum (ETH), Chainlink’s LINK, Uniswap’s UNI, Polygon’s MATIC, and Axie Infinity’s AXS and APE. All the cryptocurrencies will be traded against...Read More
Web infrastructure platform Cloudflare has announced supporting the development and deployment of Ethereum for its customer through its Ethereum and IPFS gateways. From now on, Cloudflare customers can log into the dashboard and configure a zone for Ethereum, the InterPlanetary File System (IPFS), or both. Ethereum Gateway As one of the fast-growing data storage firms,...Read More
Only days after launching its first-ever Over-the-Counter Bitcoin derivatives to institutional clients, Japan’s largest investment bank Nomura doubled down on its crypto-based services by launching a new digital asset unit for institutional investors. The financial giant will house a mix of digital asset companies underneath its newly established subsidiary, which will recruit 100 employees by...Read More
Today’s the day. The BitMEX Spot exchange is now live and open for traders to buy, sell, and trade crypto via a fully-fledged orderbook – along with the opportunity to win their share of a prize pool valued at $1,000,000 USD. Shaped by the needs of traders, our spot exchange delivers a brand new, intuitive...Read More
The Reserve Bank of India (RBI) toughened up its stance against cryptocurrencies, citing the rising asset class as a threat to its sovereign interest and a negative impact on the banking system. The news came on the heels of Coinbase CEO Brian Armstrong blaming India’s central bank for denying the Unified Payments Interface (UPI) services...Read More
By Emilie Choi, President and Chief Operating Officer I shared an update with our employees today that I want to also share publicly. Please note that these changes are not expected to have any material impact to our previously communicated expense outlook for Q2, or full-year 2022, as disclosed in our Q1 shareholder letter. Tl;dr:...Read More
With the crash of TerraUSD —the largest algorithmic stablecoin in the ecosystem— and the de-pegging of other stablecoins like Stasis, DEI (not to be confused with DAI and even Tether), banking institutions like the European Central Bank, used this weakness in in their favor and started promoting their new CBDCs. On May 16, Italian economist...Read More
Amidst growing uncertainty caused by the bearish run across most cryptocurrencies over the past few weeks, Binance – the leading exchange in terms of volume – is looking to heavily shore up its defenses in case of any possible inquiries from regulatory bodies. However, this could also be an indicator of the company planning to...Read More
