Coinbase, one of the world leaders in crypto services, is currently battling accusations of improper conduct in U.S. courts. The platform’s legal representatives have denied any wrongdoing, even going so far as to request the dismissal of the case. In spite of the accusations, Coinbase – and the platform’s CEO, Brian Armstrong – are generally...Read More
The decentralized social media platform – Friend.tech – witnessed over $18.51 million in trading volume on September 13th, hitting a new peak. Data from Dune Analytics further suggested that the fees generated as a result also recorded a new high of $1.9 million on the same day. The resurgence coincides with the emergence of reports...Read More
The leading cryptocurrency exchange – Coinbase – has reportedly disabled new customer sign-ups on its platform in India. However, the company remains committed to the Asian country despite the recent rumors that it might pull out of the local market. No More Sign-ups According to a TechCrunch report, Coinbase has prohibited new sign-ups in India in...Read More
In a recent interview with Yahoo Finance, Coinbase CEO Brian Armstrong shared insights into the company’s plans and its interest in flatcoins. Armstrong also shared more details on the future of cryptocurrency and the necessary next steps amid growing regulatory scrutiny. Armstrong Discusses Coinbase’s Future Plans Coinbase’s exec talked about ‘flatcoins’ in the interview, which...Read More
Coinbase Ventures has kicked off its initial round of investments from the Base Ecosystem Fund by selecting six projects. The specific investment amounts have not been disclosed. The Base Ecosystem Fund is essentially operated by Coinbase Ventures, the investment branch of the cryptocurrency exchange Coinbase, and is created to back early-stage projects that operate within...Read More
The leading cryptocurrency exchange – Coinbase – has reportedly started offering crypto loans to US institutional investors. The move could signal the company’s willingness to strengthen its position in America despite the regulatory uncertainty and the issues with local watchdogs. Recall that the US SEC filed a lawsuit against Coinbase in June, accusing the trading...Read More
On the 29th of August, Jeremy Allaire – the CEO of Circle, the company that mints and holds governance over USDC – announced that the popular stablecoin would be coming to Base and Optimism within a week. The launch was part of Circle’s plan to improve the utility of USDC by bringing the stablecoin to...Read More
On Sept. 5, a ‘Base chain stall’ was reported on the network status tracker. At 21:36 UTC the tracker reported that it was investigating a stall in the production of blocks. “Users may have issues submitting transactions,” it stated before adding that it was actively investigating the issue. Around 20 minutes later it had identified...Read More
Brian Armstrong, the CEO of Coinbase, revealed a list of ten ideas that he’s most interested in and hopes that developers turn these ideas into reality amidst the bear market. Despite mounting regulator pressure on the home turf, Armstrong said Coinbase has its hands full with different projects and “doesn’t have time to tackle everything.”...Read More
Coinbase has announced that it will start trading in PayPal’s newly launched stablecoin, PYUSD, on Aug. 31, provided that liquidity conditions are met. Trading will begin on or after 9AM PT on 31 August 2023, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our PYUSD-USD trading pairs will...Read More
In a significant move within the crypto realm, Circle, the company behind USD Coin (USDC), said it will extend support for its stablecoin to six more blockchains in the next two months. Based on a joint release by Coinbase and Circle, USDC, already available on nine blockchains, including Ethereum, Arbitrum, Avalanche, Stellar, Tron, Flow, Algorand,...Read More
Decentralized exchange aggregator 1inch announced expansion across the Coinbase-incubated layer-2 blockchain, Base. 1inch also mentioned that Base is poised to gain advantages from “Coinbase product integrations and convenient fiat onramps,” which will also be extended to projects within the ecosystem. The team also revealed the deployment of the 1inch Aggregation Protocol and the 1inch Limit...Read More
In an unexpected move, Coinbase Assets announced the suspension of trading for six cryptocurrency assets on Sept. 6, 2023, at 9 AM PT. Coinbase’s announcement mentioned six tokens, which include BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI) and Voyager (VGX). We regularly monitor the assets on our exchange to ensure they meet...Read More
Over the course of five years, USDC’s market cap skyrocketed from a mere $500 million to nearly $26 billion, according to CoinGecko. The stablecoin, which is vying for dominance with Tether – and more recently, a new contender in PayPal – for the lion’s share of the market, was launched through the Centre Consortium, which...Read More
An Ethereum address associated with the network’s co-founder, Vitalik Buterin, transferred 600 ETH to crypto reading platform Coinbase, worth roughly $1 million at writing time. The transfer comes after crypto markets tanked last week, bringing ETH down to $1670 for the first time since June. Is Vitalik Selling His ETH? According to public blockchain data...Read More
Coinbase recently introduced “Base” to foster a community of developers dedicated to constructing decentralized features for its users. While Base is geared toward enhancing the exchange’s utility and encouraging greater customer engagement, this new blockchain attracted more than 500 fraudulent tokens in a relatively brief period. Scam token creators thrive on “hype, promise, and price...Read More
Recently-launched layer 1 protocol, Sei network, saw its native cryptocurrency – the SEI token – listed on the major US-based cryptocurrency exchange Coinbase. Sei is a newly-launched blockchain making bold claims and promises of being “the fastest blockchain in the industry.” The Sei token was introduced on the Binance Launchpool program at the beginning of...Read More
The cryptocurrency exchange Coinbase announced it has officially launched operations in Canada. As part of the initiative, the company introduced Coinbase One to local users – a 30-day trial offering zero trading fees and priority support. The firm has been coping with severe regulatory issues in its homeland, with most problems coming from the US...Read More
Chainlink has expanded its integrations to a total of 12 by tapping the Coinbase-incubated layer-2 network Base. According to a recent update, Base joins the likes of Ethereum, Arbitrum, Avalanche, BNB Chain, and Polygon, among other projects. The decentralized oracle network had first announced implementing its price feeds into Base a day before the latter’s...Read More
On Aug. 14 he commented on the effect of ‘Onchain Summer’ was having on the company’s user interface and experience. “One thing Onchain Summer is exposing is just how broken our UX is in the main Coinbase app for NFTs, Dapps, and L2s today. Sorry to say, but true.” Coinbase Broken UX He said that...Read More
Cryptocurrency company Voyager has reportedly transferred a significant portion of its holdings to Coinbase as part of its bankruptcy proceedings. The transferred assets include 1,500 $ETH, valued at approximately $2.77 million, and 250 billion $SHIB, worth around $2.7 million, bringing the total to approximately $5.5 million. Overall, $81.63 million worth of cryptocurrency has been identified...Read More
Nansen – a blockchain market intelligence firm – released a report on Tuesday analyzing how the earliest whales to onboard Coinbase’s layer 2 blockchain – Base – are using their money. Here’s what the company found. Early whales largely allocated to Ethereum and its layer 2 networks. As of August 7, the most value held...Read More
The initial response to Coinbase’s layer 2 blockchain – Base – has been favorable so far. It has garnered substantial engagement in both DeFi operations and cross-chain bridge transactions. The daily active users on Base, for one, surpassed 100,000 for the first time. More importantly, the figure came just a day after the much-anticipated launch of...Read More
Cryptocurrency trading platform Kraken dethroned its rival Coinbase to become the most liquid United States exchange for altcoins in July. According to a tweet by Dessislava Laneva, a research analyst at crypto data platform Kaiko, by the end of July, Kraken had claimed 47% of the market depth in the US for the top 10...Read More
Ramp Network – a fintech startup that offers payment infrastructure to connect crypto and traditional finance – added support to the Ethereum Layer 2 chain Base. The integration will aid third-party developers and enable clients to convert dozens of fiat currencies into ETH and USDC. ‘Exciting Times Ahead’ According to a document seen by CryptoPotato, Ramp...Read More
Stablecoin issuer Circle is a US-based company, and 70% of its USDC adoption originates from non-US regions. According to the estimations of Circle CEO Jeremy Allaire, some of the fastest growing areas are emerging and developing markets, which are not in the country that has been facing severe regulatory uncertainty. Not Fixated on US Allaire...Read More
Lawyers for Coinbase Global asked a U.S. judge Friday to dismiss a suit by the Securities and Exchange Commission. They brought the arguments to back up their request. Coinbase lawyers ask judge to dismiss SEC lawsuit The SEC lawsuit filed June 6, alleges the crypto exchange is an unregistered securities broker and exchange. In the...Read More
Yesterday, the leading US-based cryptocurrency exchange, Coinbase, announced its so-called Onchain Summer. In response, the lead developer of Shiba Inu (SHIB) – Kusama – called it a copycat. As CryptoPotato reported yesterday, Coinbase announced the so-called Onchain Summer, revealing the public launch date of Base. Onchain Summer will be a month-long festival by 50 creators and developers...Read More
Crypto exchange Coinbase has revealed its launch date for Base – the Ethereum layer 2 blockchain designed to make transactions faster and cheaper than the underlying network. As of today, users can begin bridging ETH to base, with dapps “across the on-chain ecosystem” starting to enable Base support. Base: A Bridge To Crypto As published...Read More
BTC is up 80%+ from recent lows. ETH is up 60%. Meanwhile, some crypto stocks are up by quite a bit more. A U.S. court ruling this week siding with the SEC is an understandable time for markets to chill. Way back in July, US News suggested seven crypto stocks to buy. The paper touted...Read More
