The cryptocurrency exchange reports it earned as much in Q1 as it did for all of 2023 Coinbase is reporting a significant resurgence in the first quarter of 2024. An upswing in market activity and the highly-anticipated launch of Bitcoin exchange-traded funds (ETFs) largely fueled the crypto exchange’s recent performance. In the first quarter, Coinbase
The cryptocurrency exchange isn’t violating the Securities Exchange Act as the SEC asserted Coinbase has gained a significant win in its ongoing lawsuit after the US Court of Appeals for the Second Circuit ruled in its favor, confirming that Coinbase’s secondary cryptocurrency sales are not in violation of the Securities Exchange Act. The recent ruling
Bitcoin’s next halving is coming soon, and over $1 billion has been moved off the exchange Coinbase’s Bitcoin holdings have been reduced to their lowest level in nine years after users transferred a large portion of their holdings from the exchange. A report from CryptoQuant indicates that 18,000 Bitcoin worth nearly $1 billion were moved
Coinbase launches an ad campaign to drum up support for a digital penny Coinbase’s new crypto ad campaign declares that moving the US dollar to a “well-designed blockchain” could turn billions of “clunky” pennies into something valuable again. The ad was introduced as part of National Lost Penny Day on February 12, which began in
The cryptocurrency exchange has failed in its attempt to have the SEC develop guidance On December 15, the US Securities and Exchange Commission (SEC) denied cryptocurrency exchange Coinbase Global’s petition to issue rules handling digital assets. Chairman Gary Gensler repeated his stance that “no further regulation is needed to oversee the crypto market.” “The current
The cryptocurrency exchange continues to test new ways to facilitate transactions more easily A new feature offered by Coinbase Wallet allows users to transfer crypto via a link they can send through some of the most widespread social media and messaging apps as the exchange examines making its service available to a broader market. Recipients
Bybit is under investigation for allegedly offering its exchange services in the US without a license Coinbase is informing customers that it has been subpoenaed by the United States Commodity Futures Trading Commission (CFTC), according to X (formerly Twitter) users who posted a copy of the notice. The CFTC is pursuing information regarding the Bybit
Social media posts that recently hinted at new withdrawal caps may have been fake The Coinbase cryptocurrency exchange has denied rumors that it had assessed a $5,000-per-week maximum on Bitcoin withdrawals after a customer post on social media claiming the new limit was valid started to gain momentum. A user made the claim in an
The cryptocurrency exchange receives a monetary authority license in the country The Coinbase cryptocurrency exchange has been granted a full payments license to operate by Singapore’s central bank, the US-based company announced on Monday. The Monetary Authority of Singapore (MAS) has granted it a Major Payment Institution (MPI) license, allowing Coinbase to offer digital payment
The crypto company and exchange sees the Lightning Network as a big step forward Cryptocurrency exchange Coinbase has verified that it will begin integrating its layer-2 payment protocol Lightning Network as users look for cheaper and faster Bitcoin transactions. Coinbase created Lighting Network (LN) to help decipher Bitcoin’s scalability issues and to compete with other
It was the first outage since the platform went live Coinbase’s Base Network has experienced its first major outage since its public release on August 9. No new blocks were created on the Base layer-2 network chain for approximately 45 minutes on September 5. The “stalled” block production was first identified by developers at 9:36
The platform will no longer be a stand-alone entity Coinbase and Circle released the same statements on their blogs on August 21, redefining the companies’ relationship. The two are responsible for launching the USD Coin stablecoin and previously managed the token via the Centre Consortium. The Centre Consortium “will no longer exist as a stand-alone
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