Tag: Coinbase

Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base. The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange, and tools that make the decentralized finance (DeFi) ecosystem safer.  The trading platform outlined the four areas in a March 24 post — about a month after Coinbase launched Base on Feb. 23. Base is secured by Ethereum and powered by fellow layer-2 network Optimism. Are you a builder passionate about making the…

Coinbase wants devs to build inflation-pegged ‘flatcoins’ on its new ‘Base’ network

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Crypto exchange Coinbase sees inflation-pegged “flatcoins” as one of four “critical” innovations that should be built on its recently launched layer-2 network Base. The other three include an on-chain reputation system, an on-chain limit order book (LOB) exchange and tools that make the decentralized finance (DeFi) ecosystem safer.  The trading platform outlined the four areas in a post published on March 24, about a month after Coinbase launched Base, a network that is secured by Ethereum and powered by fellow layer-2 network Optimism. Are you a builder passionate about making the onchain economy…

Coinbase extends request for builders to expand ecosystem via Base Fund

Coinbase’s layer-2 platform, Base, is extending a request for builders to work on a safer DeFi, altcoins, on-chain reputation, and on-chain Limit Order Book(LOB) exchange through its eco-fund. Bringing expansion to Base Base recently announced the launch of the Base Ecosystem Fund, a capital pool for investing in early-stage projects building on its rails. The firm then mentioned that it was considering expanding its space for builders to have more support from its team for further success. Over the last three weeks, the firm added that there was interest from builders, and they…

SEC targets Coinbase, Do Kwon arrested, FTX’s $95M in Mysten…

Top Stories This Week Coinbase could face SEC enforcement action for ‘potential violations of securities law’ Crypto exchange Coinbase received a Wells notice from the United States Securities and Exchange Commission (SEC) suggesting an upcoming enforcement action. According to Coinbase, the “legal threat” could potentially target its staking program, listed digital assets, wallet or Coinbase Prime services. The exchange’s chief legal officer, Paul Grewal, said the warning “comes after Coinbase provided multiple proposals to the SEC about registration over the course of months, all of which the SEC ultimately refused…

Coinbase CEO asks community to support pro-crypto politicians

Coinbase CEO, Brian Armstrong, has issued a call to action to the crypto community, asking it to support and vote for crypto-friendly politicians in the next United States elections. Armstrong’s clarion call The cryptocurrency industry is facing a lot of regulatory uncertainty in the United States, especially after the recent actions of the Securities and Exchange Commission (SEC) against Coinbase, one of the country’s largest crypto exchanges. This situation has prompted Armstrong to call for more political action from the crypto community, urging them to support pro-crypto candidates and lawmakers who can…

‘US has left a vacuum that other countries are eager to fill’: Coinbase

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With Coinbase seemingly on the verge of a court battle with the Securities and Exchange Commission (SEC), the firm has emphasized that the U.S. government’s hawkish approach to crypto regulation has “left a vacuum that other countries are eager to fill.’ The SEC issued Coinbase a wells notice on March 22 outlining that SEC staff had recommended the agency take enforcement action over “possible violations of securities laws” concerning some of the firm’s asset listings, staking services and Coinbase Wallet. In a March 23 blog post titled Europe is winning.…

Trading for Polygon (MATIC) Rival Arbitrum (ARB) Goes Live on Top US Exchange Coinbase

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Top US-based crypto exchange platform Coinbase is adding trading support for Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB), a chief competitor of Polygon (MATIC). In a new announcement, Coinbase says that trading for Arbitrum is now available across both iOS and Android with an experimental label a week after it was added to the crypto exchange giant’s roadmap listing. According to Coinbase, the experimental tag means that a digital asset is highly volatile and has a lower trading volume compared to other cryptocurrencies in the crypto exchange giant’s repertoire. The…

Coinbase CEO Advocates More Crypto Representation in Politics

Armstrong believes the future of crypto can best be moved forward when more pro-crypto lawmakers are at the helm of affairs. Brian Armstrong, the Chief Executive Officer of American publicly listed trading platform, Coinbase Global Inc (NASDAQ: COIN) has advocated for more inclusive representation of pro-crypto individuals in US politics. Speaking in a Twitter Spaces event Armstrong admonished crypto proponents to “contact their congressman, donate to pro-crypto candidates, show up at town halls”. The comments followed the move by the United States Securities and Exchange Commission (SEC) in sending the…

Cathie Wood’s ARK loading up on Coinbase shares again, buying $18M

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Cathie Wood’s Investment Management firm Ark Invest has gone back to buying Coinbase shares again, just a day after the COIN’s stock price dipped amid news of its Wells notice.  On March 23, the firm purchased 268,928 Coinbase shares via its ARKK Innovation and ARKW Next Generation Internet exchange-traded funds (ETFs), which are worth $17.88 million at the time of writing. Only two days prior, and before the news of the Wells notice broke, ARK Invest sold 160,887 Coinbase shares from its ARK Fintech Innovation ETF. The sale was the…

First Mover Americas: SEC Warns Coinbase

CryptoX – Cryptocurrency Analysis and News Portal The latest price moves in bitcoin (BTC) and crypto markets in context for March 23, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source The post First Mover Americas: SEC Warns Coinbase appeared first on CryptoX. CryptoX Portal