The last point I’ll make is that when coming up with examples for non-financial uses, Armstrong did immediately go to decidedly financial examples: “Things like stablecoins for payments, DeFi, NFTs, these have already gotten substantial traction. But I think with Layer 2 solutions coming online, these can get much, much bigger,” he said. Source
“Bitcoin is not only a technologically innovative instrument but a financially innovative one,” the note said, and what distinguishes BTC as a financially innovative instrument is that it is a “globally accessible, decentralized supranational asset with a fixed supply.” Source
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US-based crypto exchange is now officially available for Canadian citizens. Coinbase, the trading platform previously only available in the US, has announced its launch in Canada today, on Aug. 14. The company said it is integrating Interac e-Transfers in collaboration with Peoples Trust Company. This integration allows all Canadian users of Coinbase the ability to utilize Interac e-Transfers to create a more streamlined process for transactions. Recent data indicates that the feature has garnered attention,…
US-based crypto exchange giant Coinbase is announcing its official expansion into the market of North America’s second-largest economy. In a new blog post, Coinbase announces its official launch in Canada while promoting a premium trial program for new Canadian customers. “Coinbase announces its official entry into the Canadian market, backed by the integration of Interac payment rails, with leading banking and payment partners, enabling seamless fund transfers, and the introduction of Coinbase One – a 30-day trial offering zero trading fees, enhanced staking rewards, and priority support for Canadian users.”…
The cryptocurrency exchange Coinbase announced an expansion of its services offered to Canadian users on Aug. 14 through a partnership with the local financial services company Peoples Trust Company. Coinbase integrated the option for 100% of its users to deposit and withdraw money from their accounts via the Interac e-Transfers service. According to the exchange, this feature was the most requested update from Canadian users, post-launch in the country earlier this month. Nana Murugesan, the vice president for international and business development at Coinbase, commented on Canada’s appeal in the…
Coinbase CEO Brian Armstrong says the rise of on-chain activities on its new layer-2 network Base has exposed how “broken” the Coinbase app is for user experience, and has pledged to improve it. In an X (Twitter) post on Aug. 13, Armstrong said a number of pain points have surfaced during “Onchain Summer” — a multi-week festival of product launches, brand activations, and non-fungible token reveals on Base that began on Aug. 9 and runs until Aug. 31. One thing #OnchainSummer is exposing is just how broken our UX is in…
A pro-crypto US Senator is filing an amicus brief in favor of Coinbase, saying that the court should discard the U.S. Securities and Exchange’s (SEC) lawsuit against the crypto exchange. In a new court filing, Republican Senator Cynthia Lummis of Wyoming asks the court to toss out the SEC’s lawsuit against Coinbase, which alleges that the top US crypto exchange sold unregistered securities. According to Lummis, the SEC’s enforcement actions are “out of step” with the efforts of lawmakers to create a clear regulatory framework for the crypto industry. “Crypto…
Bankrupt cryptocurrency lender Voyager Digital transferred 1,500 Ethereum (ETH) valued at around $2.77 million and an additional 250 billion Shiba Inu (SHIB) equivalent to $2.7 million to the Coinbase Exchange. Based on blockchain data, Voyager initiated the transfer of SHIB and ETH tokens to Coinbase’s ledger on August 11. The motive behind these transactions has triggered more speculation within the larger crypto community. One theory suggests a probable sell-off, given that these recent transfers have diminished the distressed crypto lender’s wallet holdings to a mere $81.63 million worth of digital…
A group of six legal scholars specializing in securities law and related domains have submitted an amicus brief in favor of crypto exchange Coinbase in its legal battle against the U.S. Securities and Exchange Commission (SEC). An amicus brief is a legal instrument submitted to the court which originates from a party not directly engaged in the pertinent case. Its typical purpose is to provide supplementary arguments in favor of one side of the lawsuit while underscoring the wider implications that the case may carry beyond the immediate litigants. The…
A group of six legal scholars specializing in securities law and related fields submitted an amicus brief in favor of crypto exchange Coinbase in its ongoing legal battle against the United States Securities and Exchange Commission (SEC). An amicus brief is a document filed in court by a party not directly involved with the related case. It is generally used to add supporting arguments to one side of the lawsuit and emphasizes how the case will have a broader impact beyond the involved parties. The group of legal scholars filed the amicus brief…