Tag: Coinbase

Bitcoin Market Leverage and Coinbase Premium: What Recent Data Reveals

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

California Court Allows Coinbase to Delist Wrapped Bitcoin

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Coinbase has successfully fended off a restraining order sought by BiT Global as a California court ruled in favor of the exchange’s decision to delist Wrapped Bitcoin.  The Hong Kong-based company BiT Global is allegedly tied to crypto entrepreneur and TRON founder Justin Sun who had sought the order to prohibit Coinbase from removing Wrapped Bitcoin (wBTC), arguing it would inflict irreparable damage to its business. The ruling from U.S. District Judge Araceli Martínez-Olguín permits the delisting to move forward as scheduled. As covered by crypto.news earlier, the American cryptocurrency…

Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global

Coinbase has thrown a legal argument against a lawsuit from Bit Global Digital Limited, which aims to overturn Coinbase’s choice to drop wrapped bitcoin (WBTC) from its exchange. Coinbase Defends Its Decision to Delist WBTC In a court filing submitted on Tuesday, Coinbase defended its action, claiming it was a necessary step to shield its […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Solana-based Parcl (PRCL) spikes as Coinbase lists token

Coinbase has announced the listing of Parcl, a Solana-based decentralized real estate trading platform. The cypto exchange will list Parcl (PRCL) token on December 17, starting on or after 9:00 AM Pacific Time, subject to liquidity conditions. Coinbase plans to add the PRCL-USD trading pair once there is sufficient supply. According to the U.S.-based crypto exchange, PRCL transfers will be available on both Coinbase and Coinbase Exchange. However, the rollout will be phased, with availability restricted in certain jurisdictions. What is Parcl? Parcl is a decentralized real estate platform that…

BiT Global sues Coinbase for $1b over WBTC delisting

Justin Sun-backed BiT Global has sued crypto exchange Coinbase for unfairly delisting WBTC to uplift a competing Bitcoin product. BiT Global launched a $1 billion lawsuit against Coinbase, alleging the U.S. crypto exchange illegally replaced its Wrapped Bitcoin (WBTC) product with a “knock-off” cbBTC token. Wrapped Bitcoin was the first tokenized Bitcoin (BTC) asset in crypto, allowing users trade BTC on networks like Ethereum. BitGo initially oversaw custody for WBTC since its January 2019 launch. However, BitGo announced a deal in August 2020 to share operations among three companies, including…

Bit Global Files $1 Billion Lawsuit Against Coinbase Over WBTC Delisting

Bit Global has filed a $1 billion lawsuit against Coinbase, alleging anticompetitive practices following the delisting of the wrapped Bitcoin token (WBTC) from the exchange. The lawsuit, filed in the U.S. District Court for the Northern District of California, accuses Coinbase of exploiting its dominant position in the market to favor its own product, cbBTC. […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Coinbase delists Tether, other MiCA noncompliant stablecoins

Coinbase will restrict European users from trading certain stablecoins like Tether due to MiCA regulatory requirements. Starting Dec. 13, Coinbase Europe will delist a basket of stablecoin tokens, including crypto’s largest fiat-pegged currency, Tether (USDT), to comply with broader rules enshrined in the Markets in Crypto-Assets framework. Coinbase will also prohibit trading for stablecoins like PAX, PYUSD, GUSD, GYEN, and Maker’s DAI, which were categorized as MiCA noncompliant tokens. Notably, the crypto exchange will continue trading support for Circle stablecoins (USDC) and EURC. Circle previously secured a European stablecoin license,…

Crypto Exchange Coinbase Adds Support for Gigachad (GIGA) and Two Additional Altcoins

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Top US crypto exchange Coinbase has added support for three additional digital assets, including memecoin Gigachad (GIGA). Solana (SOL)-based GIGA, a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, is up more than 39% from its $0.04911 low on Tuesday, the day it was listed on Coinbase. GIGA is trading for $0.06844 at time of writing. With a market cap of $657.9 million, Gigachad is the 183rd largest crypto project. Coinbase also added support for Magic Eden (ME) on the Solana network, a utility token for…

Assetera Lists Backed Finance’s Tokenized Trackers for NVIDIA (NVDA), Coinbase (COIN), and S&P 500(SPX)

Assetera, a Polygon-powered MiFID-licensed trading venue for blockchain-based securities in Europe, has listed Backed Finance’s tokenized assets, offering non-U.S. investors to gain exposure to trackers linked to some of the most sought-after U.S. companies. The initial launch includes tokenized trackers tied to the Nasdaq-listed Coinbase (COIN), one of the largest crypto exchanges in the world, the chip-maker Nvidia (NVDA), a bellwether for all things artificial intelligence (AI) and risk assets, and the blue-chip index, the S&P 500 (SPX), the company said in the press release shared with CryptoX on Thursday.…

Hidden Driver Of Bitcoin’s Rally: Coinbase Dominance Fades, Binance Takes The Lead

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While Bitcoin (BTC) has previously shown significant momentum in this market cycle, recent insights suggest that liquidity sources beyond Coinbase may be driving the trend. A CryptoQuant analyst, Mignolet, specifically provided a detailed analysis of Bitcoin’s market, shedding light on the role of major exchanges like Coinbase and Binance in the ongoing bull cycle. Shifting Liquidity Dynamics And Exchange Roles In a recent post on the CryptoQuant QuickTake platform titled “Coinbase Dominance Remains Low,” Mignolet examined the trajectory of Coinbase’s influence on Bitcoin’s price movements. The analyst highlighted that while…