Tag: Coinbase

US government transfers BTC worth $300m from Coinbase

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The US government moved over $297 million worth of bitcoin (BTC) seized from the Silk Road hacker in March. The total amount captured from the hacker was worth over $1 billion — 49,000 bitcoins — in March. At the current price point, the total assets would be worth roughly $1.5 billion as BTC holds above the $30,000 mark. Moreover, the US government transferred 9,825 bitcoins — worth $298.7 million at the time of writing — to…

Coinbase Wallet expands functionality, releases instant messaging feature

Coinbase Wallet, a self-custody cryptocurrency wallet, has revealed a direct messaging feature for users to communicate with each other directly on the platform. Before this addition, the wallet already offered various functionalities such as buying and selling cryptocurrencies, bridging digital assets across different networks, collecting non-fungible tokens (NFTs), and interacting with blockchain-based websites and applications. Sending and receiving messages through Ethereum accounts The messaging functionality was introduced to address various challenges that users may have faced, including issues such as inadvertent crypto transfers to incorrect addresses, false claims of ownership…

Coinbase (COIN) Adds Ability to Direct Message Any Ethereum (ETH) Crypto Wallet

“Coinbase is enabling users to easily port their conversations from any of the ~450 applications built on XMTP to Coinbase Wallet,” said Director of Product Management Siddharth Coelho-Prabhu. “Its infrastructure allows Coinbase Wallet messages to be fully permissionless and interoperable while giving users the freedom to fully own their messages and transactions through their personal, on-chain identity.” Source AbilityAddsCoinCoinbaseCryptoDirectETHEthereumMessageWallet CryptoX Portal

Coinbase Wallet launches instant messaging feature with XMTP

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Coinbase Wallet users can now send instant messages to each other using their Ethereum identities, according to a  July 12 blog post from Coinbase. The new feature relies on the Extensible Message Transport Protocol (XMTP), an instant messaging system that allows users to communicate using blockchain addresses. XMTP is also used by decentralized social media network Lens. Demo of Coinbase Wallet instant messaging function. Source: Coinbase According to Coinbase’s post, select wallet users can now send messages to each other’s cb.id, .eth, or Lens usernames. The feature is being rolled…

Cathie Wood’s ARK sells 135K Coinbase shares as price hits $90

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Pro-Bitcoin (BTC) Investment veteran Cathie Wood is taking some profits from ARK Invest’s large Coinbase holdings by selling a small portion of its stash. On July 11, Wood’s investment firm ARK offloaded 135,152 Coinbase shares ($12 million) from one of its major exchange-traded funds (ETF), the ARK Innovation ETF. According to the trade notification seen by Cointelegraph, the amount sold made up 0.14% of the fund’s total holdings. The sale comes as the Coinbase stock price has sharply increased. On July 11, the price briefly surpassed $90, surging from around…

Coinbase stock closes over 9% up following Cboe’s spot bitcoin ETFs partnership

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase’s shares experienced a significant uptick of 16% on Tuesday before closing 9.87% higher, following the announcement of a key surveillance-sharing agreement with Cboe’s BZX Exchange, marking a pivotal development in the management of its spot bitcoin ETF applications. On Tuesday, July 11, a notable surge was recorded in Coinbase‘s shares (COIN), which rocketed as much as 16% to reach a peak of $92.15. This surge in the company’s stock price is primarily attributed to a…

Cboe refiles 5 Bitcoin ETFs to include Coinbase surveillance agreements

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Exchange operator Cboe Global Markets has amended five spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications to include a surveillance-sharing agreement (SSA) with Coinbase. On July 11, Cboe amended filings with the United States Securities and Exchange Commission (SEC) for the ETFs from Invesco, VanEck, WisdomTree, Fidelity and the joint fund by ARK Invest and 21Shares. Cboe said it had “reached an agreement on terms with Coinbase” to enter into the SSA’s which were settled on June 21. The initial filings for the ETFs stated the parties were “expecting to enter”…