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Tag Archives: coinbase

Coinbase’s In-House Blockchain Launch Followed By Impersonation Tokens

Coinbase launched its own Layer-2 blockchain yesterday, built in collaboration with Optimism in its OP stack. The new Layer-2 blockchain, named Base, will host many of Coinbase’s on-chain products and offer EVMs at low costs to developers. Piggybacking on Recent News Unfortunately, opportunistic bad actors are once again trying to make a quick buck off of the success of other firms. Not even a day after Base was launched, Solidus Labs announced via their Token Sniffer website...

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Bitcoin’s Massive Rollercoaster and Coinbase L2 Network Base: This Week’s Crypto Recap

Bitcoin’s price has been on a rollercoaster throughout the past seven days, and it has failed to chart any significant increase (or decrease) throughout the period. However, it was particularly volatile. Last week at this time, the price was hovering around similar levels, around $24K, but it quickly took for the skies and touched $25K on Sunday. What followed was the first correction back to $24K, after which BTC bounced again and reached $25K once more. It remained there...

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COIN Briefly Pumps After Better Than Expected Q4 Earnings Report

Crypto exchange Coinbase reported net revenue of $605 million in Q4 2022, according to its latest earnings report published after the bell on Tuesday. Since its release, COIN shares briefly jumped 3% to $64 before falling back to $62 in after-hours trading.  Coinbase Survives the Bear The exchange’s latest numbers present a 5% boost compared to the previous quarter’s $576 million figure, and a touch above analysts’ estimates of $588 million.  According to the company’s...

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Hong Kong’s Crypto Trading Launch Makes Coinbase CEO Question the US Position    

Hong Kong’s position as an upcoming hub of crypto businesses is being increasingly noticed and discussed in the relevant circles. In a tweet, Coinbase CEO Brian Armstrong referred to the city-state to stress that the United States may lose its position as the financial hub of the world for lacking crypto regulations. Armstrong Calls for Regulations “America risks losing it’s status as a financial hub long term, with no clear regs on crypto, and a hostile environment from...

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Dutch Bank Fines Coinbase, Requires Over $3 Million

The Dutch Central Bank has thrown a $3.6 million penalty fee at Coinbase for allegedly failing to meet the region’s registration requirements prior to offering digital currency services in the Netherlands. Coinbase Hit with Huge Penalty Fee The bank says Coinbase has been operating on an unregistered basis since November of 2020. While the appropriate registration protocols were finally adhered to in September of 2022, the company went through a two-year period where it...

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