Tag: Coinbase

Friend.tech To Exit Coinbase L2 Base, Announces Migration To New Blockchain

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The decentralized social network Friend.tech has unveiled plans to move from Coinbase’s Layer 2 blockchain Base to its proprietary network, Friendchain. This development will come as part of the platform’s collaboration with Conduit, a crypto infrastructure service provider. When Will The New Friend.tech Blockchain Launch? In a June 8th post on X, web3 social platform Friend.tech revealed its plans to create a new blockchain dubbed “Friendchain,” winding down its partnership with the Coinbase-incubated Base network. According to the announcement, Friendchain is a proprietary blockchain that will utilize the recently launched…

Coinbase Unveils Weapon to Track Real Blockchain Adoption

FOR FINAL EDIT Coinbase, the major cryptocurrency exchange, has ignited a firestorm in the world of blockchain analytics. In a move that could reshape how we measure network health, they’ve proposed a brand new metric: the H-Index. Distorting Blockchain Adoption Metrics Traditionally, metrics like daily transactions were the holy grail for gauging blockchain adoption. However, these were easily manipulated by malicious actors creating fake accounts (Sybil attacks) or projects showering users with free tokens (airdrops) to inflate activity. The result? A distorted picture that masked true user engagement. Sybil attacks…

Bitcoin Coinbase Premium Index Has Turned Positive At 0.006, Why This Is Important

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The Bitcoin recent foray into $70,000 price territory has again become a hot topic among investors, with many looking at a positive price outlook. As a result of this fascinating price action, the vast majority of long-term holders have seen their holdings cross into profit zone. Particularly, the positive outlook seems to be positive among US-based investors, as shown by the Coinbase premium turning positive. Some see the return of the Coinbase premium as a bullish signal that could continue to drive the price higher. Coinbase Premium Index Flips Positive…

Coinbase Raises Fairshake Super PAC Fund by $25M to Push Crypto Legislation

Coinbase CEO Brian Armstrong has outlined the optimal strategy to achieve regulatory clarity for the crypto sector in the U.S. The executive emphasized the necessity of electing pro-crypto candidates, highlighting Stand With Crypto’s 900,000 advocates and their impact on key legislative votes. Armstrong also mentioned Coinbase’s recent $25 million contribution to the Fairshake Super PAC, […] Source CryptoX Portal

$2.7 Billion Reduction — Coinbase Records 40,406 BTC Outflow in 60-Day Period

In recent weeks, Binance and Robinhood observed a modest influx of approximately 1,302 BTC or $88 million in bitcoin, with Robinhood acquiring the majority of these assets. Conversely, Coinbase experienced a noticeable decrease in its bitcoin reserves, witnessing an outflow of 40,406 BTC valued at $2.7 billion in the past two months. Coinbase, Binance, and […] Source CryptoX Portal

Security-Focused Crypto ISAC Debuts With Founding Members Including Coinbase, Kraken, Circle

The Crypto ISAC (Information Sharing and Analysis Center) launches on Wednesday as a 501(c)(6) not-for-profit association dedicated to bolstering security within the cryptocurrency ecosystem. Its founding members include Aleo, Circle, Coinbase, Consensys, Evertas, Fireblocks, Hedera, Kraken, Offchain Labs, Red Balloon Security, Ribbit Capital, Solana Foundation, and Trail of Bits. Its mission is to foster collaboration […] Source CryptoX Portal