The world’s second-largest crypto exchange by transaction volume ruled out harbouring plans to launch Base token. The San Francisco-headquartered crypto exchange revealed via its chief executive statement that it would not launch…
Category: Coinbase
Crypto Executives Optimistic of Industry Longevity Post Binance Crackdown
The Binance shakeup following Changpeng Zhao’s exit and guilty plea triggered mixed responses among the crypto industry executives. Many leaders argue that the Binance crackdown triggers a positive start towards longevity. Binance…
Blockchain Association Urges IRS to Adjust Tax Rules Course to Avert Killing DeFi
Crypto lobbying group Blockchain Association urged the Internal Revenue Service (IRS) on Monday, November 13, to relent from the risk of damaging the US decentralized finance (DeFi). Blockchain Association argued that redefining…
Cathie Wood’s Ark Invest Acquires $5.6M Block Shares Following $3.8M GBTC Sale.
American investor Cathie Wood portrayed an active play with Ark Invest, selling 139506 BTC shares valued at $3.8 million. The investor would subsequently acquire another tranche of 113326 Block Inc. shares across…
United States Treasury Bans Ethereum Wallet Linked to Mexican Drug Trade
This address is linked to a Mexican money launderer famous for utilizing crypto to deliver drug earnings across the border. The United States Treasury Department’s Office of Foreign Assets Control (OFAC) has…
SEC Opposes Coinbase Assuming Distribution Role in Celsius Bankruptcy Distribution
The US Securities and Exchange Commission (SEC) is objecting to including crypto exchange Coinbase to distribute settlement meant for Celsius Network’s international creditors. The Gary-led securities regulator expressed dissatisfaction with Coinbase becoming…
Coinbase to Reap From Grayscale Victory on Bitcoin ETF Bid
Coinbase chief legal executive Paul Grewal is optimistic that Grayscale Investments’ victory over the United States Securities and Exchange Commission (SEC) will spark numerous opportunities. He believes that Coinbase would tap the…
Tether Retains $3.29B Liquidity Cushion to Guarantee USDT Stability.
The transparency report released by the stablecoin issue Tether on Thursday, August 24, reveals a $3.3 billion liquidity cushion. The report discloses that Tether’s total assets are estimated at $86.1 billion, with…
Nansen Reports PayPal’s Stablecoin PYUSD Struggling to Gain Adoption
The findings disclosed by the blockchain analytics firm Nansen show PayPal’s stablecoin is struggling to convince adoption despite the hyped debut as a game-changer. The recent report shows the early adoption contrasts…
On-chain Detective ZachXBT Projected Magnate Finance on Base Scamming $6.5M
Magnate Finance initially removed its X account and Telegram channel and then took down the website before discontinuing its TVL. Magnate Finance is a borrowing and lending platform on Coinbase’s layer-2 protocol…
Coinbase Buys Stake in Circle, USDC Issuer Centre Consortium Gets Dissolved
According to Coinbase’s blog post, the issuer of the second-biggest stablecoin USDC, Centre Consortium, is now dissolved after the crypto exchange bought a minority stake in Circle. In the blog post, Coinbase…