Tag: Coinbase

Coinbase no longer accepts payments via Silvergate Bank

Cryptocurrency exchange Coinbase announced that it had terminated its partnership with Silvergate Bank as its U.S. dollar banking partner, citing the ongoing investigation. In an announcement tweet, the exchange said: “In light of recent developments & out of an abundance of caution, Coinbase is no longer accepting or initiating payments to or from Silvergate.” The crypto exchange will facilitate institutional client cash transactions with their other banking partner Signature Bank. The decision will not impact payment instructions in GBP or euro. This is a developing story, and further information will…

Coinbase CEO Calls for Clear Crypto Regulations in US to Catch Up with Other Global Financial Hubs

According to Armstrong, the crypto asset market is here to stay, thus the reason traditional financial services are integrating with the blockchain and cryptocurrency industry. The call for crypto asset regulations in the United States has intensified following the collapse of Terra Luna UST and FTX last year. Already, the United States investigators are looking into the FTX and Alameda case with top officials, including former CEO Sam Bankman-Fried (SBF) and former FTX director of engineering Nishad Singh among others, under police custody. Last month, the Securities and Exchange Commission…

Top 5 BEST Crypto Exchanges in 2023: Are They SAFE?!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🛒 Binance Discount Deal 👉 🛒 OKX Discount Deal 👉 🛒 Bitget Discount Deal 👉 🔥 TOP Crypto TIPS In My Newsletter 👉 ~~~~~~ 📺 Useful Vids 📺 Self Custody 👉 Exchange Proof of Reserves 👉 Binance Review 👉 Kraken Review 👉 ~~~~~~ ⛓️ 🔗 Useful Links 🔗 ⛓️ Best Crypto Exchanges: Binance Review: Kraken Review: OKX Review: Bitget Review: Binance Proof of Reserves: Binance US Supported Coins: Kraken Proof of Reserves: Binance Withdrawals: Coinbase Legal: ~~~~~~ – TIMESTAMPS – 0:00 Intro…

Coinbase CEO reiterates that ‘staking’ products aren’t securities

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Coinbase CEO Brian Armstrong has attempted to quell speculation that his exchange’s staking products should be classified as securities — upping the ante in the ongoing debate around crypto regulations with the United States Securities and Exchange Commission, or SEC. In a televised interview with Bloomberg on March 1, Armstrong said, “Our staking product is not a security,” referring to cryptocurrencies that can be staked directly on the exchange to generate yields. He continued: “Customers never turn their assets to Coinbase for instance. And we really just are providing a…

Coinbase Shares Seeing Resurgence Since Launch of Its Base L2 Network

The launch of Base will position Coinbase in such a way that will give it a competitive advantage by a large margin. American digital currency trading platform Coinbase Global Inc (NASDAQ: COIN) is seeing a bullish rejuvenation in its stock price as the sentiment surrounding its Base layer 2 (L2) networks is growing. COIN is trading at a price of $66.44, up 2.48% in the Pre-Market, soaring from the $64.83 it ended Tuesday’s trading session atop a 9.96% growth. That Wall Street is all pumped about Coinbase is not surprising…

Coinbase Launches Crypto435 to Advance Pro-crypto Policy in All US Congressional Districts

Coinbase has promised to empower the Crypto435 community with information on how to connect with their political representatives. Coinbase Global Inc (NASDAQ: COIN) has undertaken several initiatives to steer forward cryptocurrency adoption in the United States. As the leading publicly traded cryptocurrency exchange, the company understands the need to educate policymakers about the nascent crypto asset industry. Furthermore, the policy decisions being stipulated in Congress now about the digital asset industry will significantly impact the way Americans interact with crypto in years to come. For instance, the United States Securities…

Coinbase launches grassroots campaign for pro-crypto policy in the U.S.

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Coinbase has launched a grassroots political campaign to promote pro-crypto policies, according to a Feb. 28 Twitter thread from the company. The company said that the #Crypto435 campaign is intended to “grow the crypto advocacy community and share tools and resources,” so that crypto users can make their voices heard in all 435 congressional districts. 1/ It’s time to advance pro-crypto policy in all 435 Congressional Districts across the U.S. Introducing #Crypto435, our campaign to grow the crypto advocacy community and share tools and resources to make your voice heard.…

Coinbase to Suspend Trading of BUSD Amid Regulatory Crackdown – Bitcoin News

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Cryptocurrency exchange Coinbase announced it will suspend trading and delist the Paxos-managed stablecoin asset BUSD. The decision follows Paxos’ revelation that the New York State Department of Financial Services directed the firm to stop issuing the U.S. dollar-pegged token BUSD. Coinbase to Suspend BUSD Stablecoin on March 13 On Feb. 27, 2023, Coinbase announced that it will suspend trading of binance usd (BUSD) following a recent regulatory crackdown on the stablecoin by the New York State Department of Financial Services (NYDFS) on February 13. Reports indicated that the U.S. Securities…