Coinbase CEO Brian Armstrong has suggested that the exchange might delist USDT to comply with stricter regulations anticipated in the U.S. These potential rules could require stablecoin issuers to fully back their tokens with U.S. Treasury bonds and undergo regular audits to ensure transparency and financial soundness. Regulatory Challenges for Coinbase Speaking at the World […]
Coinbase has revealed its decision to suspend Fantom (FTM) trading, effective January 24, 2025. This move has triggered concerns among traders regarding FTM’s price trajectory, especially in light of the exchange’s ongoing scrutiny by the U.S. Commodity Futures Trading Commission (CFTC). Coinbase to Cease Fantom Trading Coinbase, in a recent post on X, announced the […]
Due to the cryptocurrency’s failure to meet listing requirements, Coinbase has declared that it will stop trading Wrapped Bitcoin (WBTC) on December 19, 2024, for unspecified reasons. This choice, which Coinbase announced in a post on X on November 19, demonstrates the company’s dedication to regularly checking its listed assets to make sure they adhere […]
In crypto trading, timing and strategy are essential, but patience, often called “HODLing,” can be the most powerful tool. Recently, a Satoshi-era Bitcoin whale showed the impact of holding over a decade, transforming a modest BTC stash into a $180M fortune as Bitcoin reaches near-record highs. Dormant Whale Deposits $180M in Bitcoin With the Bitcoin […]
While the broader Ethereum ecosystem has been riding the bearish market sentiment, Coinbase’s Layer 2 solution, Base, has been scaling new heights. Since its launch in mid-2023, Base has consistently outperformed its Layer 2 peers, setting all-time highs for weekly active wallets, transactions, and decentralized exchange (DEX) activity. So, what’s fueling this rapid ascent, and […]
Coinbase Wrapped Bitcoin (cbBTC) makes it easier and more reliable for Bitcoin holders to earn extra income by using their Bitcoin in DeFi apps, backed by the added security of Coinbase’s trusted platform. Normally, Bitcoin and Ethereum don’t work together directly, but with cbBTC, you can “wrap” your Bitcoin, converting it into a form that […]
Coinbase, the leading U.S. cryptocurrency exchange, has posted better-than-expected financial results for the second quarter of 2024. The company’s performance reflects the renewed enthusiasm in the crypto market, largely driven by regulatory developments and the approval of spot bitcoin exchange-traded funds (ETFs). Coinbase reported a total revenue of $1.45 billion for Q2, more than doubling […]
$154K ETH 👀 1973: the OPEC oil embargo targeting the West created an overnight supply shortage. Oil prices quadrupled globally. 1983: the must-have Christmas toy Cabbage Patch Kids saw frantic parents fighting – sometimes violently – over scarce remaining dolls. Both Black Friday and the term “mass adoption” spawned from the Cabbage Patch Kid phenomenon. […]
Coinbase witnessed a historic $1 billion Ethereum outflow, possibly driven by whales or unidentified institutions. On June 12th, Coinbase recorded its highest Ethereum outflow of the year, surpassing 336,000 ETH, valued at over $1 billion. This marks the fifth instance in 2024 where over 150,000 ETH has been withdrawn from the crypto exchange in a […]
