Coinbase CEO Brian Armstrong says “every institution is now starting to hold crypto,” emphasizing that “the asset class will be a standard part of every diversified portfolio.” Moreover, the executive noted that institutions will eventually be using crypto in other ways, such as “holding it on their balance sheet, paying their vendors, [and] doing payroll.” […] Source CryptoX Portal
Coinbase Commerce, the cryptocurrency payments solution of U.S.-based exchange Coinbase, has removed support for bitcoin payments using self-custody wallets. Brian Armstrong, CEO of the exchange, clarified it maintains support for payments from UTXO-based chains from Coinbase accounts. However, Commerce will focus on supporting ERC-20 tokens on layer 2 protocols, like Base and Polygon. Coinbase Commerce […] Original
To that end, Coinbase recently joined the Canadian Web3 Council, a multi-party non-profit organization that’s looking to loosen up recent legislative and regulatory initiatives in Canada that are currently driving crypto companies out of the country. In recent months, for instance, a number of exchanges have decided to pull out of Canada, including Binance, Bybit, dYdX, OKX, Paxos and Bittrex (the last of which has since declared bankruptcy), in direct response to “recent regulatory developments.” Source
The digital bank Revolut is developing a new cryptocurrency trading platform designed for seasoned crypto traders, according to an e-mail sent to customers this week. The new platform will offer more advanced trading features like deeper market analytics and lower trading fees than Revolut’s existing crypto services. etoro: Experience a reliable, user-friendly platform trusted by millions. Stay ahead in the crypto world. Board the Crypto Train now! In fact, Revolut aims to offer a fully independent crypto exchange in addition to standard digital asset services. The question is, however, whether…
Crypto exchange Coinbase has discontinued support for native Bitcoin and other Unspent Transaction Output (UTXO) coins on its merchant payment service, Coinbase Commerce. Lauren Dowling, the head of product at Coinbase, revealed the decision in a thread on X on Feb. 18 that the move was driven by challenges encountered while attempting to integrate recent updates into its Ethereum Virtual Machine (EVM) payment protocol for Bitcoin. 1/ Hey folks, I’m the product lead for Coinbase Commerce and want to share some thoughts on how the product is evolving, why we’ve…
The Cathie Wood-led investment firm sold 397,924 COIN shares from ARK Innovation ETF (ARKK), 45,433 shares from ARK Next Generation Internet ETF (ARKW), and 55,792 shares from ARK Fintech Innovation ETF (ARKF), bringing the total number of shares sold to 499,149. Source
Coinbase Custody reportedly now holds over 90% of all Bitcoin ETFs in the United States. This development was revealed by the crypto exchange’s CEO, Brian Armstrong, while appraising the company’s performance in the fourth quarter (Q4) of 2023. Coinbase Emerges As Major Player In Bitcoin ETF Market In an X post on February 16, Brian Armstrong shared specific highlights of Coinbase’s achievement in Q4 2023. In particular, He noted that the American crypto exchange has played a crucial part in facilitating the adoption of cryptocurrencies by traditional financial firms (TradFi).…
Coinbase and Circle executives have called on the U.S. authorities to intensify actions against Tether and offshore crypto firms that fail to comply with regulations. During a session with the House Financial Services Committee, Grant Rabenn, the head of Financial Crimes Legal at Coinbase, discussed the issue of criminals exploiting foreign platforms to bypass the strict anti-money laundering (AML) standards applied to regulated exchanges within the United States. Rabenn mentioned that the Office of Foreign Assets Control (OFAC) has only sanctioned 560 crypto addresses. However, Coinbase investigation found more than…
On Friday, Feb. 16, 2024, bitcoin’s value hovered between $51,850 to $52,350, with onchain insights from Arkham Intelligence revealing that the Nasdaq-listed crypto exchange giant, Coinbase, now possesses over 1 million bitcoin. Based on the current market prices, the stash secured by the San Francisco-headquartered firm is valued at just above $52 billion. Coinbase Outshines […] Original
Coinbase is donating $3.6 million to the Bitcoin-focused nonprofit Brink, concluding its GiveCrypto initiative to distribute crypto to impoverished people. The company terminated GiveCrypto in December, citing its failure to achieve a lasting impact. While stating its intention to divide the remaining assets between Brink and the charity platform GiveDirectly, specific allocations were initially undisclosed. Established in 2020, Brink’s mission is to enhance the Bitcoin (BTC) protocol through research, development, and support for the Bitcoin developer community. It offers a fellowship to integrate new software engineers into Bitcoin development and…