Tag: Coinbase

Top US Crypto Exchange Coinbase Adds Circle’s Euro-Backed Stablecoin to Listing Roadmap

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Customers at top US crypto exchange Coinbase could soon trade their digital assets with a euro-backed stablecoin. The exchange added Euro Coin (EUROC) to its listing roadmap on Thursday, putting the stablecoin on the path to being tradeable. Euro Coin is issued by Circle, the global fintech company known for working in a consortium with Coinbase to issue USD Coin (USDC), the second-largest dollar-pegged stablecoin. Circle says Euro Coin is “100% backed by euros held in euro-denominated banking accounts,” in order to ensure it’s always redeemable at a 1:1 ratio…

What is a coinbase transaction?

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The coinbase transaction’s value is based on factors such as each individual transaction’s value, block height, and halving. Miners can add any customizable text to the blocks they have created. The value of a coinbase transaction is determined by several factors. These include the value of every transaction validated by the block, the height of the block (number of transactions) and the halving relative to the block. Once the block has reached 100 confirmations, the miner can use the BTC. When a block is created, it holds approximately 100 bytes…

Community urges Coinbase to relist XRP as CEO fights for staking

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Amid Coinbase cryptocurrency exchange standing up for crypto staking and economic freedom, the online community has urged the company to support XRP as well. On Feb. 9, Coinbase’s chief legal officer Paul Grewal claimed that Coinbase’s staking program is not affected by rival exchange Kraken shutting down its staking services. The executive argued that Kraken’s staking platform was “essentially offering a yield product,” while Coinbase’s staking services are “fundamentally different and are not securities.” Coinbase CEO Brian Armstrong also took to Twitter on Thursday to declare that the exchange will…

Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers – Regulation Bitcoin News

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Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users to “participate directly in running open crypto networks.” Coinbase CEO Vocalizes Worry Over US Stifling Crypto Staking and Innovation Coinbase CEO Brian Armstrong said he has heard rumors that the U.S. Securities and Exchange Commission (SEC) plans to eliminate cryptocurrency staking for retail customers in the U.S. Armstrong…

Getting rid of crypto staking would be a ‘terrible path’ for the US — Coinbase CEO

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The CEO and co-founder of cryptocurrency exchange Coinbase, Brian Armstrong, believes that banning retail crypto staking in the United States would be a ‘terrible’ move by the country’s regulators.  Armstrong made the comments in a Feb. 9 Twitter thread which has already been viewed over 2.2 million times, after noting they’ve heard “rumors” that the U.S. Securities and Exchange Commission “would like to get rid of crypto staking” for retail customers. “I hope that’s not the case as I believe it would be a terrible path for the U.S. if…

Little-Known Altcoin Surges After Coinbase Abruptly Adds Support on Top Crypto Exchange

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Top US crypto exchange Coinbase has added sudden support for proof-of-stake blockchain Axelar, sparking a rally for its native token, AXL. Axelar is a project built using the Cosmos SDK (software development kit), and aims to deliver cross-chain communication between numerous other blockchains. Its functions include making cross-chain token transfers, calling smart contracts, or sending arbitrary messages from one chain to another. Developers can use Axelar to build decentralized applications (dApps) that allow users to interact with assets or applications on multiple chains within one platform. Says Axelar’s whitepaper, “Axelar…

Former Coinbase product manager pleads guilty in insider trading case

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Ishan Wahi, a former product manager at Coinbase Global Inc., has admitted to two counts of conspiracy to commit wire fraud in a case that U.S. prosecutors have labeled as the first insider trading case involving cryptocurrency. Ex-Coinbase manager pleads guilty in insider trading case https://t.co/i6fG3c3wHc pic.twitter.com/zKfjqnNpzT — Reuters (@Reuters) February 7, 2023 According to a report by Reuters, the prosecutors claimed that Wahi disclosed private information to his brother Nikhil and friend Sameer Ramani, regarding imminent announcements of new digital assets that Coinbase would enable users to trade. The…