Mar 11 2025
Coinbase CEO Brian Armstrong says the exchange could be forced to delist USDT to comply with potential new regulations. Armstrong was discussing the possible impact of new rules that could require stablecoin issuers to back their tokens entirely with U.S. Treasury bonds and undergo periodic audits. The executive was to the Wall Street Journal on …
Dec 13 2024
Binance and Circle announce a strategic partnership to promote USDC. USDC is a stablecoin jointly owned by Circle and Coinbase. Binance will incorporate USDC into its full suite of products and services, offering 240 million global users access to the stablecoin for trading, saving, and payment applications. Details about revenue sharing in this arrangement remain …
Mar 20 2024
Coinbase’s quarterly report has arrived, and the exchange has cause to celebrate. According to the fiscal for Q4 FY2023, the company has $273 million in net income over the past couple of months. Total revenues added up to $953.8 million, beating analyst predictions by upwards of $100 million. A good chunk of the exchange’s rebound …
Mar 09 2024
Ark Invest reduced its crypto-related holdings, shedding 42,613 shares of Coinbase and a substantial 100,739 shares of the Grayscale Bitcoin Trust (GBTC) The move was executed amid a Bitcoin-led crypto rally that has captured the attention of investors worldwide. Meanwhile, Ark Invest recently its spot Bitcoin ETF filing in response to feedback from the SEC. …
Feb 20 2024
Cathie Wood’s asset manager Ark Invest wants to bake staking into its proposed Ethereum Spot ETF. Ark said it expects to stake Ether from its cold vault balance, as held by Coinbase. Staking rewards would vary widely based on network conditions, and would be reportable to shareholders as taxable income. The proposal adds a juicy …
Oct 08 2023
Coinbase has obtained a major payment institution (MPI) license from the Monetary Authority of Singapore. The license builds 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 …
Jun 14 2023
eToro bans US customers from buying four crypto assets that were recently deemed securities by the United States Securities and Exchange Commission. Customers will still be able to retain the ability to “hold and sell existing positions in these coins.” Earlier this year, the SEC filed lawsuits against Coinbase and Binance in lawsuits against the …
Jun 14 2023
Major cryptocurrencies like Solana (SOL), Polygon (MATIC), Cardano (ADA), and many others – are plummeting in value. Earlier this week, the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance, its CEO, and the US arm of the firm. The very next day, the SEC completed the one-two punch, filing another case …
Mar 23 2023
A recent report by David Duong, the head of institutional research for leading American crypto exchange Coinbase, suggests that crypto is the solution to the point of failure in the existing financial system. The researcher opined that the recent U.S. banking turmoil has caused more people to see and appreciate the value proposition of having …
Mar 22 2023
Signature Bank was one of the two main banks providing financial services to crypto platforms. The bank was majorly invested in crypto, with over a quarter of all deposits coming from the industry. The news dealt a blow to many mainstays of the crypto industry, de-pegging Circle’s USDC and causing uncertainty for Coinbase and Paxos, …