Tag: Coinbase

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Coinbase expects high demand for ETH unstaking with Shanghai upgrade

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Ether (ETH) stakers who have had their holdings locked up during the Ethereum Merge event might soon have access to “unstaking.“ Coinbase has announced in a tweet that unstaking requests on its platform may take the protocol weeks or months to process. According to the tweet, it expects a flood of staking withdrawal requests after the update to the Ethereum network enables the functionality next month. The Merge transitioned Ethereum from proof-of-work (PoW) to proof-of-stake (PoS) in September 2022, but stakers’ holdings remained locked up. This merger created a temporary situation where…

Coinbase met with Australian banking regulators over local crypto regulations

The Reserve Bank of Australia (RBA) and Treasury have been holding private meetings with executives from Coinbase, with discussions revolving around the future of crypto regulation in Australia. Responding to Cointelegraph’s request for comment, an RBA spokesperson confirmed recent reports that these private meetings had occurred, stating that Coinbase met with the RBA’s Payments Policy and Financial Stability departments this week, “as part of the Bank’s ongoing liaison with industry.” Tom Duff Gordon, Coinbase’s vice president of international policy who was reported to have been flown in for the meetings,…

Coinbase Launches Local Bank Transfers for Singapore Users at Zero Cost

Coinbase has integrated Singpass, making it more convenient for customers to sign up on the exchange. Coinbase, one of the largest cryptocurrency exchanges in the world, has opened funds movement to and from accounts through local banks, consequently streamlining the process of investing in virtual assets. The news comes at a rather bearish time when markets are struggling to keep afloat over financial stability and crypto banking. The exchange of the Singapore dollars is authorized by the conventional bank Standard Chartered and charges zero fees for the conversion. Earlier, customers…

Coinbase to Add DeFi Apps Aave and Uniswap to Its L2 Network Base

Coinbase might be set to integrate several other protocols with Base, starting with Aave and Uniswap. American crypto exchange Coinbase Global Inc (NASDAQ: COIN) is reportedly making moves to bring decentralized finance applications Aave and Uniswap to Base. According to a CoinDesk report, the plans were revealed by a source who is closely familiar with the situation. Addition to Coinbase L2 Network Base: Aave and Uniswap Apps Recall, as Coinspeaker reported a month ago, Coinbase recently launched Base — its layer-2 network. However, the blockchain was built using the Ethereum-scaling…

Coinbase files brief in SEC Wahi case, says it doesn’t sell securities, but would like to

Cryptocurrency exchange Coinbase filed an amicus brief in support of a motion to dismiss the case brought by the United States Securities and Exchange Commission (SEC) against former Coinbase product manager Ishan Wahi and other for insider trading. Coinbase condemns the defendants conduct, it said in the brief, but supports the defendants’ motion because of the SEC’s assumption that the exchange listed securities on its platform. Coinbase stated in its amicus (“friend of the court”) brief that it had fully cooperated with the investigation of Wahi, his brother and their…