Tag: Coinbase

Top US Crypto Exchange Coinbase Adds New Ethereum (ETH) Layer-2 Scaling Protocol to Listing Roadmap

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Coinbase added the new native asset of an Ethereum (ETH) layer-2 scaling protocol to its listing roadmap on Friday, putting the token on the potential path to trading on the top US crypto exchange. Zksync (ZK), the newest addition to the listing roadmap, bills itself as “an ever-expanding verifiable blockchain network, secured by math.” The project is a ZK rollup, one of the two main types of rollup solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. ZK rollups run computations off the chain and then…

Coinbase stock forms risky patterns as crypto outlook darkens

Coinbase stock slipped for eight straight days, the longest losing streak since July, as cryptocurrencies continued falling. Coinbase is facing major headwinds Decentralized and centralized exchanges have come under pressure as cryptocurrency volume has dropped in the past few months. Data from DeFi Llama shows that the volume traded in DEXs peaked at $260 billion in March and then retreated to $175 billion in August. More data shows that the volume traded on CEX platforms stood at $1.2 trillion in August, down from $2.48 trillion in March. This volume has…

Bitcoin (BTC) Price Slips Below $56K as Crypto Weakness Continues; Coinbase (COIN) Falls to 7-Month Lows

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Crypto-focused stocks also performed poorly. Crypto exchange giant Coinbase (COIN) declined 1%, briefly slipping below $160 for the first time since February, taking out the lows hit during the early August crash due to the Japanese yen carry trade unwind. Large-cap bitcoin miners Marathon (MARA) and Riot Platforms (RIOT) were down 4% and 2%, respectively. Original

Kamala Harris Is Not Directly Accepting Crypto Donations, a PAC Is, Coinbase (COIN) Says

While the Harris campaign isn’t taking crypto contributions directly, Future Forward USA, is a major source of support for Harris, and the development is, at minimum, possibly a signal that Democrats are warming to cryptocurrencies. Harris’ opponent in the presidential election, Donald Trump, has courted – and won – support from crypto fans and companies. The presidential administration in which Harris serves has been strongly criticized by the industry for what’s viewed as an anti-crypto stance. Source

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…