Tag: Coinbase

Optimism DEX Velodrome Generates Record Weekly Fees Following Coinbase Announcement

The recent move in all-time weekly fees follows Coinbase’s announcement last week launching BASE, another layer two network built using Optimism tech, which has sparked interest in Optimism’s ecosystem. The price of Velodrome’s native token VELO, which has a market capitalization of roughly $62 million, has soared 84.3% in the past seven days, despite sliding 8.6% in the past day at time of press, per CoinGecko. In the same week, Velodrome had $263 million in weekly trading volume, a six-month high. Source AnnouncementCoinbaseDEXFeesgeneratesOptimismRecordVelodromeWeekly CryptoX Portal

Coinbase announces suspension of BUSD trading beginning March 13

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Coinbase will suspend trading for Binance USD (BUSD) stablecoin on March 13, the exchange announced Feb. 27 on Twitter. The message mentioned “listing standards” as it announced its decision.  The decision will apply to Coinbase.com (simple and advanced), Coinbase Pro, Coinbase Exchange, and Coinbase Prime, according to the tweet thread. The exchange added, “Your BUSD funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time.” A Coinbase spokesperson told Cointelegraph: “Our determination to suspend trading for BUSD is based…

Crypto Exchange Coinbase to Suspend Binance USD Stablecoin, Saying It Doesn’t Meet Listing Standards

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Coinbase hit with proposed trademark lawsuit over Nano derivative products

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Crypto exchange Coinbase has been named as a defendant in a legal complaint brought by NanoLabs — the company behind the digital currency Nano (NANO) — over alleged trademark infringement.  In the Feb. 24 filing with the California Northern District Court, NanoLabs alleged Coinbase’s Nano Bitcoin futures contract and Nano Ether futures contract products infringe on trademark rights owned by them. It’s also alleged the infringement has caused NanoLabs economic detriment and weakened its brand identity, resulting in “actual damage and irreparable harm.”  Colin LeMahieu founded the Nano digital currency in 2014;…

Coinbase Layer 2 Network | Blockchain News

The Ethereum community appears to have a bullish view of Coinbase’s newly announced layer-2 network, Base, which has been described as a “massive confidence vote” and a “watershed moment” for the blockchain network. This has been described as a “massive confidence vote” and a “watershed moment” for the blockchain network. Protected by Ethereum and driven by Optimism’s layer-2 network, Base’s long-term objective is to evolve into a network that facilitates the development of decentralized applications (DApps) for use on blockchains. According to the chief executive officer of Coinbase, Brian Armstrong,…

Voyager is selling crypto assets through Coinbase, suggests on-chain data

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Voyager Digital, the centralized finance (CeFi) platform that filed for Chapter 11 bankruptcy in July 2022, is reportedly selling assets through the Coinbase crypto exchange. On-chain data suggest that Voyager received at least $100 million in USD Coin (USDC) in three days, starting Feb. 24. Since Valentine’s Day, Feb. 14, Voyager has sent crypto assets to Coinbase on an almost daily basis, alleges on-chain analyst Lookonchain. The investigation shows that Voyager transferred millions of dollars using a mixed bag of cryptocurrency tokens, including Ether (ETH), Shiba Inu (SHIB) and Chainlink…

Coinbase has a lot at stake

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Crypto assets made their way onto the United States Securities and Exchange Commission’s list of priorities for 2023. So far, though, we haven’t tasted the “regulatory certainty” many have been calling for. Instead, the regulator threw the book at Kraken for allegedly failing to register its staking program. Coinbase appears next on the chopping block, but its lawyers are ready to fight. This week’s Crypto Biz newsletter delves into Coinbase’s defense of its staking program and its not-too-pleasant quarterly financials. We also look at the latest company to fall victim…

Coinbase Drops 28,000 NFTs on Ethereum

Within hours of launching the Ethereum-based Layer-2 scalability network Base, users spent $280,000 in transaction fees while minting a few thousand NFTs. On Thursday, February 23, crypto exchange Coinbase announced the launch of a Layer-2 scalability network for Ethereum, dubbed Base. The development from Coinbase took place in collaboration with Optimism. In order to announce the news, the cryptocurrency exchange dropped a free open edition Ethereum NFT allowing anyone to mint. Together, the crypto fans spent a total of $280,000 in transaction fees while minting over 28,000 Coinbase NFTs on…