Tag: Coinbase

Coinbase CEO Brian Armstrong’s ResearchHub Completes $5M Series A Funding Round

The startup is setting up a platform that will reward (in crypto) anyone who contributes new knowledge to the global science community ResearchHub, a crypto-based startup focused on advancing scientific research, may have just concluded a $5 million funding round. According to an official announcement, the round was led by Open Source Software Capital. Participation in the funding also came from Guillermo Rauch, Replit’s Amjad Masad, and RedHat’s Bob Young among others. ResearchHub to Deploy New Model of Funding According to ResearchHub co-founders Coinbase CEO Brian Armstrong and Patrick Joyce,…

BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian

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Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Filip Radwanski | Sopa Images | Lightrocket | Getty Images Asset management giant BlackRock took the first steps on Thursday to launch a spot bitcoin exchange traded fund, which has long been a point of contention between crypto advocates and federal regulators. The firm filed an application with the Securities and Exchange Commission to launch the iShares Bitcoin Trust. If approved, the ETF would allow easy access for investors to get exposure to crypto in a…

Coinbase collaborates with Bitkey for bitcoin transactions

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cryptocurrency exchange Coinbase has joined forces with Bitkey, a self-custody bitcoin wallet app from Block, to facilitate bitcoin purchases while guaranteeing control over private keys. Coinbase announced its collaboration with Bitkey, a self-custody bitcoin wallet application launched by Jack Dorsey’s Block. The partnership is aimed at enabling customers to purchase bitcoin conveniently while also retaining authority over their private keys. Coinbase is thrilled to have partnered with Bitkey, the self-custody bitcoin wallet made by Block, Inc.…

Coinbase redeems $65M in convertible notes at 29% discount

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According to a June 15 announcement, cryptocurrency exchange Coinbase has entered into an agreement for the redemption of $64.5 million in 0.50% Convertible Senior Notes due 2026. However, the company estimates it will only need $45.5 million in cash to consummate the agreement due to the notes’ 29% discount to par value. Coinbase wrote:  “The Repurchases are expected to close on or about June 20, 2023, subject to the satisfaction of customary closing conditions. Following such closings, approximately $1.373 billion principal amount of the Notes will remain outstanding.” Alesia Haas,…

BlackRock nears bitcoin ETF filing, partnering with Coinbase custody

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BlackRock, the asset management company with a staggering $9 trillion under its control, is said to be on the verge of applying to a bitcoin exchange-traded fund (ETF). Insider sources have revealed that progress is being made in preparing the application. Working alongside a trusted custodian According to reports, the New York City-based investment giant is planning to partner with Coinbase Custody, a leading cryptocurrency storage and management platform.  JUST IN: $9 trillion asset manager BlackRock…

Requiring DEXes to register with SEC like other exchanges is ‘impossible’, says Coinbase CLO

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Paul Grewal, chief legal officer of United States-based cryptocurrency firm Coinbase, has pushed back against a proposed rule change from the Securities and Exchange Commission (SEC) which could change the definition of an exchange and how digital assets are regulated. In a June 14 Twitter thread, Grewal said the SEC proposal “tries to fit a square peg in a round hole” and was “too flawed on process and substance to move forward”. He was referring to the SEC extending the comment period for a proposed rule change in the Securities…

A Lesson From George Soros Amid Binance and Coinbase Accusations

Both positioning and market expectations dig into a bigger concept of reflexivity within financial markets, as pioneered by George Soros. In short, market reflexivity suggests that investor perceptions and behavior impact market conditions, which, in turn, impact and shape investor beliefs and actions. This circular, self-referential feedback loop leads to non-linear market dynamics as cognitive biases and expectations build on each other to impact market prices and investor positioning. This can explain the emergence of price trends that can become self-fulfilling over the short run and self-correcting over the longer…