Tag Archives: coinbase

Leading American cryptocurrency exchange Coinbase has on-boarded new executives to lead its expansion plans in Europe, the Middle East, and Africa (EMEA) despite the intense bear market pushing several crypto entities into bankruptcy.   According to the exchange, the appointments are part of its ”Go Broad and Go Deep strategy’ for global expansion, which the company announced in Q3. CryptoPotato reported in July that Coinbase sought regulatory approval from several European...

Coinbase is in hot water after close to 100 customers have filed lawsuits against the western hemisphere’s largest digital currency trading platform. Customers Are Angry with Coinbase These customers are accusing Coinbase of turning a blind eye to a scam that ultimately cost them more than $21 million in digital currency funds. The problem stems from the Coinbase Wallet, which last fall, directed users upon being downloaded to fraudulent or phony websites that allowed...

Coinbase CEO Brian Armstrong quelled concerns about the state of his company’s Bitcoin holdings on Tuesday, following doubtful suggestions from rival exchange owner Changpeng Zhao (CZ).  Binance’s CEO has since deleted his tweet, promising to “work together to improve transparency in the industry.” What Did CZ Say? CZ’s now-removed post called attention to two separate claims about the exact number of Bitcoin held by Coinbase.  The first was a statement from Coinbase Custody...

Shares for Coinbase, America’s largest cryptocurrency exchange, are trading at another all-time low as Bitcoin and the crypto market log some of the lowest digital asset prices in over two years. COIN stock fell 8.9% on Monday, from $44 at 14:20 UDT to $41.23 when the day closed.  The current price is down 37% over the past month, and 87% from its all-time high of $342 in November of last year.  Meanwhile, Coinbase 2028 bonds are trading for only $0.51 on the dollar,...

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As the ongoing FTX drama dashed hopes of the ongoing crypto winter ending, Coinbase was one of the few companies to come out and say that they suffered no exposure to the fallout. Although Brian Armstrong, the CEO of the exchange, assured users that Coinbase would not suffer a similar fate, things don’t look especially rosy for the platform either. Second Round of Layoffs This Year Following an 18% reduction in the size of its workforce earlier this year, Coinbase recently...

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Earlier in the week, Live Bitcoin News published an article saying that Binance, the world’s largest and most popular cryptocurrency exchange, had purchased its rival FTX, which is a trading platform run by Sam Bankman-Fried. FTX is a relatively new digital exchange, having been formed in 2019, and it was allegedly experiencing a liquidity crunch that required the company to be bailed out. What Do Analysts Think of What’s Happening with FTX? That’s where Binance came in....

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