Balaji Srinivasan, venture capitalist and former CTO of Coinbase, has highlighted the real purpose of Bitcoin and its implications for geopolitical and financial issues. Srinivasan stated that Bitcoin at its core is a “political revolution,” because it challenges the centralized states’ business model, and the change brought by it will be fought by states who […] Original
Adam Cochran, a partner and professor, is bullish about OP, the native token of Optimism, the layer-2 scaling solution for Ethereum. Taking to X, Cochran is convinced OP is undervalued, pointing to the significance of Coinbase and the brand it has created over the years as a crypto exchange and investor in multiple products. In 2023, Coinbase backed the development of Base, a layer-2 scaling solution for Ethereum that uses Optimism infrastructure for its optimistic roll-up. OP Will Rocket Because Of CoinBase And Base In coming up with this assessment, the investor…
The crypto enterprise Coinbase, rooted in San Francisco, experienced an influx of online visits that surpassed the tenfold increase anticipated by their projections. Brian Armstrong, the CEO of Coinbase, shared updates about the heightened traffic following the exchange’s operational hiccups, which coincided with bitcoin’s climb to $64,000 on Wednesday. Coinbase Traffic Spike Surpasses Expectations Coinbase, […] Original
The recent surge in Bitcoin has significantly impacted the performance of companies associated with crypto mining and trading, most seeing double-digit gains in a month. February is shaping up to be a standout month for Bitcoin, as the leading cryptocurrency has gained over 45% this month, marking the most substantial monthly gain for BTC since December 2020. The bullish uptrend has contributed to a 36% rise in an index tracking digital asset-related firms, a notable recovery from a more than 20% decrease the previous month. The widespread enthusiasm for cryptocurrencies…
The smart wallet will be an addition to Coinbase Wallet SDK, a software toolkit that allows developers to create a wallet instantly inside of decentralized applications with passkey, meaning no complex systems like using seed phrases or any extra steps will be needed. Source
Not long after the value of Bitcoin surpassed $62,000, its highest level since 2021, Coinbase had severe disruptions and issues on Wednesday afternoon, preventing some customers from signing in at all and causing some user accounts to reflect a $0 balance. Crypto aficionados were furious on social media because they are unable to access their money on the biggest cryptocurrency exchange in the United States. Furthermore frustrating, some customers have reported errors when buying and selling. The continuous demand for Bitcoin is seen as main the reason behind the sudden crash of the…
Eventually, the Supreme Court is likely to weigh questions that are central to the nature and survival of crypto in the U.S. – namely, what makes a digital asset a security or a commodity, and what are the government’s powers to oversee the markets where such assets change hands. But those cases are still winding through lower courts and may not rise to the high court’s consideration for many months or even years. Source
On Wednesday, bitcoin’s value ascended to the vicinity of $64,000, during which time users of Coinbase and Robinhood reported disruptions in service. As of Feb. 28, 2024, Coinbase’s status page indicated the platform was suffering from “degraded performance,” while Robinhood’s clientele voiced their grievances to the platform’s support team. Technical Troubles Shadow Bitcoin’s Climb to […] Original
Coinbase exchange has crashed amidst the bull markets, as users see a ‘zero’ balance on their accounts. Social media has been flooded with rage from crypto enthusiasts as users cannot access funds from the leading U.S. exchange. Some users have also reported errors in buying and selling, leading to further frustrations. Coinbase immediately acknowledged this error and said it was being investigated. The exchange also clarified that there have been severe delays in transferring funds over the Ethereum ERC-20 network. Several users allege it’s a rather strategic move from the…
CryptoX – Cryptocurrency Analysis and News Portal The publicly traded U.S. crypto exchange said it would add support for the additional Ethereum “clients” – computer programs used to access and run the distributed network – to help reduce dependence on the dominant Geth software. Source The post Coinbase Moves to Improve Ethereum's 'Client Diversity' by Adding Nethermind, Erigon appeared first on CryptoX. CryptoX Portal