Tag Archives: coinbase

Despite all the craziness surrounding some of America’s banks (i.e., Signature, etc.), bitcoin is defying all odds and rising like nobody thought possible during times like these. Bitcoin Is Defying All Expectations At the time of writing, bitcoin has shot beyond the $26,500 mark, and some analysts believe it’s on its way to $30,000 per unit. The currency has risen by more than 15 percent in just a matter of days, and the news appears to stem from the low inflation...

The decision coincides with the announcement of stricter crypto regulation by the Canadian Securities Administrators (CSA). As crypto regulation broadens in Canada, blockchain infrastructure platform Paxos has announced plans to shut down its operations in Canada. In a statement published on the company website, the firm advised its Canadian customers to begin withdrawing any funds from their accounts. “Beginning June 2nd, you will no longer be able to transact from your Paxos account,” it...

Leading digital asset Bitcoin hit $30K for the first time in almost a year amid prevalent gains in crypto stocks. Crypto stocks are rising, with players Marathon Digital Holdings (NASDAQ: MARA) and Riot Platforms (NASDAQ: RIOT) leading gains. The duo is trading up at 11% and 15%, respectively, with prominent coin Bitcoin (BTC) also changing hands at $30K. As it stands, BTC price is up by more than 80% so far this year. Besides MARA and RIOT, other smaller crypto stocks also experienced...

Vishal Gupta, head of exchange and markets at crypto exchange giant Coinbase, has left the company. The executive’s departure comes shortly after Coinbase was issued a Wells notice by the US Securities and Exchange Commission (SEC). Another Crypto Exec Leaves Company In a tweet thread on Monday (April 10, 2023), Vishal Gupta announced that he was leaving Coinbase after serving as the firm’s head of exchange and markets for nearly three years, a position he took up in...

The number 1 cryptocurrency in the world has amassed over 82% gains since the beginning of the year. MicroStrategy (NASDAQ: MSTR) is a major beneficiary in the latest Bitcoin rally that pushed the crypto asset’s price to a new level. While the crypto market was in the red, many crypto-related stocks. MicroStrategy, which Bitcoin holding is worth 140,000, had a tough time before the recent rally. The company bought its first Bitcoin in August 2020, adopting the top cryptocurrency as a...

According to the case filed on April 5 in a Texas District Court, the plaintiffs, with support from Coinbase, want the OFAC to settle the first two counts from its original complaint, which was filed last September. Popular public listed exchange Coinbase is supporting the new class that seeks a reversal of the Tornado Cash ban. With this, the US Treasury is faced with a renewed legal case targeted at its move to sanction the crypto mixer. The motion to remove the Tornado Cash ban was...

In a podcast, the Coinbase Institutional team delved into bullish and bearish scenarios for Ethereum and Bitcoin as ‘Shapella’ approaches.  Ahead of the Ethereum Shapella Upgrade, Coinbase Institutional weighed in on the mainnet upgrade’s potential impact on Ether and Bitcoin (BTC). In a YouTube podcast, the team provided insight into whether April 12th’s much-anticipated upgrade would further spur the ongoing crypto rally. The Coinbase Institutional team also discussed the bear market...

Coinbase reported that crypto assets like BTC and ETH could help Americans cut the cost of sending money internally, which contributes to the high remittance fees. American crypto company Coinbase (NASDAQ: COIN) explained in a recent report how crypto could help Americans save millions in remittance fees. According to the crypto company, Americans who rely on remittance fees face obstacles due to the disconnected global financial system. It also talks about how there is no universal...

As the growing liquidity strain in the price of Bitcoin is a major concern, American banks are likely to start exploring new avenues to rebuild that part of the industry. The recent bank runs of American banks as recorded in March have fueled a massive pulldown on the liquidity base of Bitcoin (BTC), the world’s largest digital currency by market capitalization. As reported by CoinTelegraph citing data from crypto analytics provider, Kaiko, the drained liquidity in the market has hit a...

ChatGPT has created waves across the world since its launch in November 2022. The famous AI app developed by the organization called OpenAI made news for scarily accurate answers, proving its viability in the digital asset space. It has also elicited some sharp opinions. The top AI figures in the world, such as Elon Musk, Steve Wozniak, and Andrew Yang, for one, have reportedly signed an open letter seeking to halt the development of AI systems. These systems in question are...