Coinbase Earn Now Available to the Public in Over 100 Countries

Major crypto platform Coinbase has opened its Coinbase Earn program to the public in over 100 countries, according to a press release on May 17. As Cointelegraph reported, Coinbase first announced the program at the end of 2018 as an invite-only initiative. This pilot period let users earn cryptocurrency by learning about the ERC-20 token “0x” (ZRX). Coinbase stated that according to a survey they conducted, uninformed users were reluctant to invest in crypto but were eager to learn: “…one of the biggest barriers preventing people from exploring a new…

Coinbase May Soon Buy Xapo’s $5.5 Billion Bitcoin Custody Business

Photo: Xapo / Instagram Coinbase, major cryptocurrency exchange in the USA, is currently negotiating to acquire crypto custody firm Xapo for about $50 million in a bid to boost their custody business. The Block reports, Coinbase has a strong competitor in the face of Fidelity’s crypto wing – Fidelity Digital Assets. The companies “have been locked in a neck-and-neck race” for a few weeks, but Coinbase got the upper hand. If nothing unexpected occurs and the talks go like planned, San Francisco-based company is going to pay generous $50 million…

Coinbase Plans US Debit Card Launch, Is ‘Considering’ Margin Trading

By CCN: Coinbase CEO Brain Armstrong conducted a live YouTube AMA today from the company’s New York offices. Presumably, he’s in town for blockchain week, which brought him away from the San Francisco headquarters. Armstrong answered several questions in the session, beginning with one regarding “community trust ratings” for altcoins. Armstrong said that crypto is much like the internet: as more options emerge, better mechanisms of finding the actual high-quality projects need to come along. He pointed out that Yahoo began by manually indexing the web, but later things like…

Coinbase Plans US Debit Card Launch, Is ‘Considering’ Margin Trading

By CCN: Coinbase CEO Brain Armstrong conducted a live YouTube AMA today from the company’s New York offices. Presumably, he’s in town for blockchain week, which brought him away from the San Francisco headquarters. Armstrong answered several questions in the session, beginning with one regarding “community trust ratings” for altcoins. Armstrong said that crypto is much like the internet: as more options emerge, better mechanisms of finding the actual high-quality projects need to come along. He pointed out that Yahoo began by manually indexing the web, but later things like…

Coinbase Negotiates Acquisition of Xapo’s Bitcoin Custody Business

American major cryptocurrency exchange Coinbase is reportedly negotiating the acquisition of the bitcoin (BTC) custody business of cryptocurrency wallet provider Xapo, technology-focused media outlet the Block reported on May 16. Sources familiar with the matter reportedly told the Block that Coinbase has been vying with the digital currency wing of United States financial services giant Fidelity, Fidelity Digital Assets, for Xapo over the past several weeks to advance its custody business. Following the closure of the deal, Coinbase will reportedly pay about $50 million in cash to Xapo, with a…

Institutions Clamor For Bitcoin: Crypto Giant Coinbase May Acquire Xapo

In an impeccable sign of the times, sources tell The Block that Coinbase may soon acquire Xapo, one of the first and most well-regarded Bitcoin custodians. This news has been divulged as data indicates that institutions are looking to siphon capital into the crypto asset space, thereby making custodians a necessity. Related Reading: Prominent Analyst: Trouble for Bitcoin if Price Corrects Below $7,500 Coinbase & Fidelity Duke It Out Over Xapo Reported by The Block on Thursday morning, the San Francisco-based cryptocurrency giant Coinbase is “in advanced talks” to purchase…

Coinbase Custody Has $1 Billion of Crypto Under Management

During an on-stage discussion at Consensus, Brian Armstrong, CEO of major United States cryptocurrency exchange Coinbase, said that its custody service has already received $1 billion in crypto under management. Coindesk reported on Armstrong’s comments on Wednesday, May 15. Panel moderator and Wall Street Journal reporter Paul Vigna asked Armstrong about the perspectives of institutional investments in the crypto industry. In response, the Coinbase CEO provided an example of his own company, noting that Coinbase Custody managed to get $1 billion in assets under management in just 12 months after…

Coinbase Goes for Tether’s Throat, Catapults USD Coin Into 85 Countries

By CCN: Given the widely publicized troubles faced by Tether (USDT), there is a massive opportunity for a competitor to wade into the stablecoin arena. It appears that Coinbase will be that adversary, as the crypto exchange is taking the opportunity to double down on USDT’s problems and expand USD Coin (USDC) trading into 85 countries. USDT is the result of a collaboration between Coinbase and Jeremy Allaire’s Circle. According to the Coinbase website, the exchange does not support USDT. Coinbase Is Going All in With USDC Expansion It’s an…

Facebook Onboards Two Former Coinbase Compliance Experts

Social networking giant Facebook has on-boarded two new compliance experts, who previously worked at United States major cryptocurrency exchange Coinbase. Mikheil Moucharrafie joined Facebook as compliance officer after almost four years of working at Coinbase. At the exchange, Moucharrafie held positions such as support analyst and quality assurance tester, anti-money laundering (AML)/bank secrecy investigator, compliance manager, and risk manager. Jeff Cartwright spent nearly five years at Coinbase as a compliance manager, head of internal audit, and director of regulatory risk and exams. Prior to joining Coinbase, Cartwright was involved in…

Coinbase Expands Service to 50 More Countries, Launches USDC Support in 85 Jurisdictions

United States crypto exchange and wallet service Coinbase has expanded USD Coin (USDC) trading to customers in 85 countries, the firm announced in a blog post on May 14. Along with the USDC announcement, Coinbase also announced a major global expansion, adding 50 more jurisdictions to its coverage, including such countries as Brazil, South Africa and Taiwan, among others. Starting from today, Coinbase serves customers in 103 countries in total, the exchange wrote, adding that the move will help accelerate the global adoption of crypto trading. USD Coin is the first stablecoin…