Tag: Coinbase

Coinbase CEO Brian Armstrong Predicts Payments Will Be Crypto’s Next Big Boom

Coinbase CEO Brian Armstrong reflects on the past decade of the cryptocurrency industry, highlighting his initial expectation that payments would be the primary application for crypto. Instead, trading became the dominant force. Looking ahead, Armstrong remains optimistic about the future of crypto payments, citing advancements in stablecoins, layer two technologies, and simpler onboarding processes as […] Source CryptoX Portal

Tokenization Pioneer Centrifuge Unveils Real-World Asset (RWA) Lending Market With Morpho, Coinbase

“This RWA market with Morpho aims to give these tokens utility,” Vogelsang said in an interview. “If you hold a Treasury bill and you need a bit of USDC for a couple hours, or days, or whatever, you can have that access without having to go through the complicated process of redeeming it, waiting for the issuers to give you the dollars back and possibly pay fees. So, basically instant liquidity without having to actually redeem the underlying asset that you’re using to borrow.” Source

Coinbase analysts doubt rate cuts will drive market movement

Crypto markets remain stagnant despite expectations of Fed rate cuts, with Coinbase analysts warning that monetary easing alone is unlikely to drive a recovery. Coinbase analysts question whether monetary easing will act as a catalyst for market recovery, despite traditional financial markets responding positively to falling interest rates. In an Aug. 23 research report, the analysts highlighted that while traditional markets have reacted favorably to a decline in long-term interest rates, the crypto sector remains largely unresponsive, weighed down by specific supply-side factors and the absence of strong market narratives.…

Crypto Exchanges Flocking Towards Turkey: Coinbase, KuCoin Apply for Licence

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Coinbase, KuCoin, Gate.io, and several other small and large cryptocurrency brands are now attempting to obtain business licences in Turkey, according to an updated list published by the Capital Markets Board of Türkiye. Top Companies Seek Turkish Licence First published on August 9, the list included 47 names of cryptocurrency companies. However, it was later updated to add more names, bringing the total to 76. “The list published here has been created to inform the public about the organisations that declared that they will operate in accordance with the Temporary…

US govt sent $594m Silk Road Bitcoin to Coinbase

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More Silk Road Bitcoin moved again after a U.S. government wallet sent 10,000 BTC to Coinbase. The U.S. government transferred Bitcoin (BTC) worth $593.5 million to its preferred crypto brokerage platform, Coinbase Prime, on Aug. 14, according to Arkham Intel. U.S. authorities sent this 10,000 Bitcoin tranche to the wallet “bc1ql” two weeks ago. BTC dropped 3.6% following the news, although the price dip began before Coinbase Prime received the seized Silk Road funds. One BTC cost around $59,100 after an initial market spike due to positive CPI data. 24-hour…

Coinbase Promotes cbBTC, Version of BitGo’s Wrapped Bitcoin (WBTC), for Base Blockchain

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Wrapping a crypto token is a way of making it available on protocols other than the one it was originally designed for, bringing increased liquidity to the target ecosystem. Each wrapped bitcoin represents one of the original, which is stored in custody. When a trader wants to redeem the wrapped token for bitcoin, the wrapped version is “burnt,” or deleted from the chain, and the original is released. Original

Coinbase teases new wrapped Bitcoin product amid ongoing WBTC controversy

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Coinbase has set the crypto community abuzz with speculation following a cryptic hint about a potential new wrapped Bitcoin product, tentatively called “cbBTC.” The news came courtesy of an Aug. 14 post on Coinbase’s official X account which simply stated “cbBTC,” followed by a “coming soon” comment. Jesse Pollak, head of Coinbase’s layer-2 network Base, added speculation to the fire stating in a subsequent post expressing his enthusiasm for Bitcoin (BTC) via a hint to build a “massive Bitcoin economy” on the L2 network. to say it out loud: I…