press release PRESS RELEASE. On October 31st, the cryptocurrency trading platform MEXC announced that it had reached a cooperation with Coinbase to jointly fulfil the privacy and security obligations of cryptocurrency under the framework of Coinbase’s TRUST Network (TRUST). The TRUST network is an alliance of the world’s leading cryptocurrency exchanges. And the TRUST solution is designed to disclose necessary data while focusing on protecting customer privacy and information security. Its purpose is to allow customers between TRUST members to transmit information peer-to-peer so as to avoid leakage of personal…
Tag: Coinbase
Needham’s John Todaro Says USDC Is ‘Exciting’ for the Long Term and Will Benefit Coinbase
The analyst, whose focus is on crypto assets and blockchain research, told CoinDesk TV that considering the slow pace of development for a U.S. CBDC it is “debatable” whether “private markets” will ever choose to use one. But a stablecoin like USDC, which is pegged 1:1 with the U.S. dollar, is another matter. Source
New Team, New Q&A! Get to know YEKINDAR & daps | Coinbase Q&A – Episode 3
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io In the third episode of Coinbase Q&A, Team Liquid CS:GO gets to know the new teammates in the first Q&A together! Get to know the connections from past teams, who they are interested in playing with and more in Episode 3 of Coinbase Q&A! Presented by Coinbase. Start your crypto journey by downloading Coinbase Wallet: Coinbase Q&A Episode One ►► Coinbase Q&A Episode Two ►► Follow Team Liquid CS:GO for all updates and to support our roster: EliGE – NAFFLY – nitr0…
Coinbase transaction revenues plummet 44% as users activity declines in Q3
Crypto exchange Coinbase saw a huge fall in its transaction revenues in the third quarter after activity fell amid a broader market downturn, but managed to cut its losses in half compared to the prior quarter. In its shareholder letter released Nov. 3, the company shared that transaction reven had fallen from $655.2 million in the second quarter to $365.9 million, representing a decline of 44%. The company cited poor macro conditions with daily average crypto market capitalization falling 30% and trading volumes shifting away from the United States due…
Coinbase Deal Shows Google Is Committed to Crypto – How Much Depends on Whom You Ask
“This partnership has touched on several Coinbase businesses including Exchange, Commerce, Cloud Nodes, and Prime,” wrote Oppenheimer analyst Owen Lau on Oct. 11. “On the Exchange side, Coinbase acts more like a consumer of Google Cloud technology, but on Commerce, Cloud Nodes and Prime, Coinbase acts more like a technology provider to Google’s customers.” Source
Coinbase Cuts Q3 Losses in Half, Sees Crypto Headwinds Continuing Into 2023
For 2022, Coinbase said it remains “cautiously optimistic” that it will operate within the $500 million adjusted EBITDA loss guardrail that it previously shared, based on the assumption that crypto prices do not deteriorate significantly and that customer behaviors don’t change. “For 2023, we’re preparing with a conservative bias and assuming that the current macroeconomic headwinds will persist and possibly intensify,” Coinbase concluded. Source
Crypto Exchange Coinbase Announces Support for Two Low-Cap Solana (SOL) Based Altcoin Projects
Top US digital asset exchange Coinbase has announced it will be adding two Solana (SOL)-based crypto projects to their list of tradable altcoins. Announcing via Twitter, Coinbase says it will be adding support for Marinade (MNDE) and Marinade Staked SOL (mSOL) on the Solana network, with trading beginning on November 3rd once liquidity conditions are met. Both altcoins will be listed under Coinbase’s Experimental Label, which the exchange created for riskier, lower liquidity crypto assets. Marinade is a decentralized autonomous organization (DAO) that aims to make Solana more censorship-resistant and…
Crypto Exchange Coinbase Files Amicus Brief to Support Ripple in SEC Lawsuit Over XRP – Featured Bitcoin News
Cryptocurrency exchange Coinbase has filed an amicus brief in support of Ripple Labs in the U.S. Securities and Exchange Commission (SEC) lawsuit over xrp. Coinbase’s support is seen as a significant step in the case given that the crypto exchange was among the first trading platforms to delist xrp following the SEC lawsuit. Coinbase Supports Ripple Against SEC The Nasdaq-listed cryptocurrency exchange Coinbase filed an amicus brief on Tuesday in support of Ripple Labs against the U.S. Securities and Exchange Commission (SEC). The regulator sued Ripple, its CEO Brad Garlinghouse,…
First Mover Americas: DOGE Doubles in October, Coinbase Goes to Bat for Ripple
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 1, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Coinbase seeks to join Ripple’s legal fight against the SEC
United States-based crypto exchange Coinbase has become the latest organization to stand behind Ripple Labs n its legal battle against the Securities and Exchange Commission (SEC), which could wrap up as soon as the first half of 2023. Paul Grewal, Coinbase’s chief legal officer in a series of tweets on Oct. 31 said the exchange had asked the presiding judge for permission to file an amicus brief, saying the case was a “textbook” definition of “just how critical fair notice is.” Earlier today, @coinbase asked Judge Torres for permission to…