Tag Archives: coinbase

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 exchange emphasized that the proposed IRS rule could pose a significant threat to both the crypto industry and the...

Coinbase’s Ethereum layer-2 protocol, Base, has recorded a significant rise in its total value locked (TVL) once again, hitting $558 million this time. According to data from Ethereum layer-2 analytics platform L2Beat, Base’s TVL surged by more than 25% in the past seven days, surpassing Matter Labs’ zero-knowledge (zk) rollup tech-powered scaling solution, zkSync Era, for the second time. Base’s TVL Hits $558M Since Base’s launch two months ago, the network has seen...

Coinbase-incubated layer-2 blockchain, Base, witnessed a dramatic rise, even briefly outshining Ethereum mainnet. Based on Optimistic Rollup and developed on the Ethereum network, Base utilizes OP Stack tech that has added to its appeal owing to the growing demand and popularity of alternatives in the ecosystem. However, its TVL has taken a hit in the past week. According to data from L2Beat, the total value locked in Base Network fell by more than 18.28% to $437 million in...

US-based cryptocurrency exchange Coinbase has successfully obtained a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS), building on its in-principle approval granted by the state regulator in October of the previous year. This significant milestone grants the company the authority to provide regulated digital payment token (DPT) products and services. As a result, the exchange is poised to expand its offerings of DPT services to a broader...

Crypto trading platform Coinbase has received regulatory approval from the Bermuda Monetary Authority (BMA) to bring perpetual futures trading to retail customers outside of the United States. Following Thursday’s announcement, COIN shares popped 6.81% on the day. Perpetual Futures Comes to Retail In the company’s announcement on Thursday, Coinbase framed its offering as part of its “Go Broad, Go Deep” strategy – an effort to partner with global regulators who are working to...

According to the filing, Coinbase will securely hold and manage the actual Bitcoin assets that underpin the ETF. The company has also confirmed that the Bitcoin ETF will be listed and traded on the Cboe BZX Exchange, Inc. Franklin Templeton, an asset management company, has entered the competition among companies aiming to offer spot Bitcoin ETFs. This was made known through a September 12 filing with the Securities and Exchange Commission (SEC). According to the filing, Coinbase will...

John E. Deaton – a US attorney who represents thousands of XRP investors in the lawsuit between Ripple and the SEC – criticized the agency for one of its latest moves.  Specifically, the regulator opposed a reorganization plan presented by Coinbase, according to which customers of the now-bankrupt crypto lender Celsius Network could be reimbursed for their losses. The SEC has Turned Into a ‘Threat to Retail Investors’ The leading cryptocurrency exchange 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 Coinbase. This development has sparked a myriad of conversations, speculations, and a quest to understand the motives behind such...

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 Coinbase’s global strategy. Whereas spot trading volumes have dipped significantly, there is a greater...

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 that a majority of Americans believe the financial system requires significant reforms....