The move comes as ether, the second largest cryptocurrency by market capitalization suffered a 10% decline over the last seven days, amid a broad market downturn which saw traders witness $1 billion in liquidations. Ether has recovered slightly on Monday, trading in the green over the last 24 hours at $1,700. Source
The listing of Sei (SEI) on Coinbase drove prices and trading volumes higher. Sei is a platform for trading crypto assets, and SEI enables on-chain transactions and paying fees. DigiToads is also drawing investor attention as TOADS, its native token, is already up 450%. DigiToads, with its features and tokenomics, is considered one of the best coins to invest in among meme coin enthusiasts. TOADS remains attractive to users due to its high utility and meme nature. Because of TOADS’ quick popularity, crypto enthusiasts wonder if it will also list in…
This week, Coinbase expanded. Shiba Inu’s Shibarium had a rough debut, while crypto adoption maintained momentum, with the Fed and Coca-Cola grabbing headlines. Meanwhile, the crypto market saw significant liquidations. Coinbase extends services to Canadians Coinbase warmly embraced its northern neighbors, throwing open its doors to the citizens of Canada. Starting on Aug. 14, the San Francisco-based exchange extended its services to Canadians. The decision came with an innovation: a partnership with People’s Trust Company to integrate Interac e-Transfers. This strategic move is poised to optimize transaction efficiency for users…
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As Coinbase Inc. (COIN) scraps with the U.S. Securities and Exchange Commission (SEC) on its right to exist as an exchange, the company has achieved an unprecedented milestone in U.S. oversight by winning approval to handle customers’ buying and selling of crypto futures. Source
The approval for America’s largest digital asset exchange, Coinbase, to offer crypto futures to U.S. retail customers is being seen as a major regulatory victory amid a heated battle with the country’s securities regulator. On Aug. 16, the National Futures Association (NFA) — designated by the U.S. commodities regulator as a registered futures association — granted Coinbase permission to operate a Futures Commission Merchant (FCM) platform. A loud signal Some crypto industry commentators see the approval as a significant regulatory victory for Coinbase and crypto, given the U.S. Securities and Exchange…
Canadians are starting to look at digital assets as more than just speculative investments, seeing them instead as legitimate assets for everyday transactions, according to Coinbase’s country director for Canada. Speaking to Cointelegraph in Toronto on Aug. 16, Coinbase’s Canada director Lucas Matheson said he believes that more utility and use cases in daily life will soon be digital asset-backed, something that “everyone in our industry is excited for.” “In Canada, we’re ready to move beyond the confines of thinking about digital assets as a speculative retail investment. This is…
Crypto exchange Coinbase has received the green light from the National Futures Association (NFA) to offer crypto futures to eligible customers in the US. The company’s subsidiary, Coinbase Financial Markets Inc., will operate as a futures commission merchant (FCM) and offer access to crypto futures from its platforms. The approval, described as a “critical milestone” by Greg Tusar, Coinbase’s vice president of institutional product, allows the exchange to directly offer traditional spot crypto trading alongside regulated and leveraged crypto futures for verified customers. Tusar also emphasized that the global crypto…
Base, Coinbase’s new layer 2, has been fully operational for a week and has already seen an influx of bad actors. In the latest incident, crypto lender SwirlLend, formerly active on Base and Linea, has apparently carried out an exit scam, otherwise known as a rug pull. PeckShield reported in a post on X (former Twitter) on Aug. 16 that SwirlLend transferred around $289,500 worth of cryptocurrency from Base. It later transferred 94 Ether (ETH) from Linea as well, bridging the crypto to Ethereum. It then created a new token…
Sei Labs, the company behind layer 1 blockchain Sei, has announced that its mainnet is now live after a successful testnet phase. The blockchain’s native token SEI also went live today on exchanges such as Binance, Kraken and Huobi, among others. The focus for Sei is to create a chain that offers users the ability to exchange assets easily, said the Sei Labs team. Whether this means assets for social platforms, games or NFT’s, Sei is hoping to offer the smoothest experience. SEI was trading at around $0.27 at the…