Tag: Coinbase

Ark Invest Continues on Coinbase Stacking

Ark Invest is also interested in Jack Dorsey’s payment firm Block after short-seller Hindenburg Research published a damning report on the company. No one takes advantage of the dip in crypto-related stocks like Cathie Wood’s American investment management company, Ark Invest. For the second straight day, the company made strategic acquisitions of both the shares of crypto exchange Coinbase Global inc (NASDAQ: COIN) and payment service provider, Block Inc (NYSE: SQ). As gleaned from disclosures made by the company and reported by Coindesk, Ark Invest scooped up a total of…

ARK Invest Scoops Up Coinbase, Block Shares for Second Straight Day

Cathy Wood’s ARK Invest bought $12.6 million of Coinbase (COIN) shares on Friday, the second straight day the fund bought the crypto exchange’s stock after the company received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) on March 22, sending COIN tumbling 16% the next day. The shares gained 1.5% on Friday to close at $67.83 apiece. Source

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…