The move came at a time where regulators in the U.S. started to heavily crack down on crypto companies, including Coinbase itself, which was sued and is still under investigation by the Securities and Exchange Commission (SEC) for allegedly violating federal securities laws. The exchange has moved to dismiss those allegations. Source
Coinbase is introducing spot cryptocurrency trading on its international exchange, marking a significant step towards its global expansion strategy. Starting Dec. 14th, institutional traders can engage in Bitcoin (BTC) and Ether (ETH) transactions, paired with the USDC stablecoin. Greg Tusar, who leads institutional product development at Coinbase, emphasized the strategic importance of offering both spot and derivatives trading concurrently in an interview with Bloomberg. We are excited to announce the next phase of our Coinbase International Exchange expansion – the launch of non-US spot markets for eligible customers, designed to…
S&P Global Ratings senior analyst Lapo Guadagnuolo believes that the growth of stablecoins does not mean that they are immune to risk factors. The S&P Global Ratings introduced a stability assessment for stablecoins on Tuesday. According to S&P Global, the idea is to determine how truly “stable” the coins are in maintaining their pegs to whatever fiat they are tied to. In total, the producer of the S&P 500 assessed eight stablecoins. They include Dai (DAI), Gemini (GUSD), First Digital USD (FDUSD), Tether (USDT), Frax (FRAX), Pax (USDP), USD Coin…
The new NFT collection will give users a chance to own an actual piece of the Trump mugshot suit and tie, and access to dinner at his resort. Former United States president Donald Trump has unveiled a new non-fungible token (NFT) collection for $99, called the “Mugshot Edition”. The collection references the billionaire businessman’s legal issues, allowing Trump to monetize the problem. As part of a new sale of “digital trading cards” NFT collection he launched late last year, Trump is selling the Mugshot Edition NFTs along with pieces of a suit…
Coinbase-backed Project Diamond will leverage the Base L2 network and the Coinbase technology stack to enable institutional investors to tokenize and trade real-world assets. Leading United States cryptocurrency exchange by registered users and average daily traded volume Coinbase Global Inc (NASDAQ: COIN), has continued to widen its global market reach with Binance Holdings Ltd under regulatory siege. Backed by notable institutional investors with deep pockets like BlackRock Inc (NYSE: BLK) and Circle Internet Financial, Coinbase has managed to grow throughout the crypto bear market to a stable crypto institution with…
Former United States President Donald Trump is launching a third nonfungible token (NFT) drop, dubbed “MugShot,” centered around the theme of his ongoing criminal indictments. According to the Dec. 12 announcement, the trading cards are purchasable via either credit card or Wrapped Ether (wETH) and are not transferrable until Dec. 31, 2024. Users will need to provide Know Your Customer (KYC) information to purchase the NFTs, even if they choose to pay with crypto. In explaining the rationale behind the collection, the collection‘s website reads: “On Thursday, August 24, 2023, President…
S&P Global has launched a stablecoin stability assessment. In its initial ratings of the eight stablecoins, none were given the top mark, but two received the lowest, based on their ability to maintain their fiat pegs. According to a statement, to establish its ratings, S&P Global first examines asset quality risks, then factors mitigating the risks, and then considers governance, legal and regulatory framework, redeemability and liquidity, technology and third-party dependencies, and track record. Factors additional to asset quality for S&P Global stablecoin assessment. Source: S&P Global S&P Global, formerly…
Fédération Internationale de Football Association (FIFA), the body governing international soccer competitions, will launch its own nonfungible token (NFT) collection ahead of the 2023 Club World Cup in Saudi Arabia in collaboration with blockchain firm Modex. According to the Dec. 11 announcement, an inaugural collection of 100 NFTs will premiere on Dec. 15 and feature the chance to secure tickets to the FIFA World Cup 2026 final. In addition, a total of 900 other digital collectibles will be issued on the Polygon network and OpenSea this month, comprising memorable moments from the…
Stablecoin issuing company Tether has announced a new security policy aimed at protecting the crypto ecosystem from bad actors. In addition, the USDT issuer is looking to enhance its cooperation and relationship with law enforcement agencies. Tether Freezes 41 New Wallets Following New Security Policy In a blog post on December 9, Tether stated it would be introducing a voluntary wallet-freezing initiative designed to counter the transactions associated with Sanctioned Persons on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List. According to Tether, the company currently…
Following the announcement of the sneakers collection, VeeFriends unveiled a special early access program for its token holders. In what is fast becoming an ongoing collaboration, Reebok has partnered with VeeFriends again to launch an exclusive collection of sneakers dubbed Accountable Ant Classic Nylons. Earlier in August, the duo partnered to launch the VeeFriends Aspiring Alpaca sneaker, which sold for $90 apiece. The new launch is likely an attempt to build on the momentum generated by the previous collaboration. Gary Vaynerchuk, CEO of VeeFriends, expressed his enthusiasm for the ongoing…