A second source said U.S.-listed exchange Coinbase has also been kicking the tires of Deribit.
The Blockchain Association is calling on Congressional leadership to vote for a legislative measure to overturn a controversial tax rule.
The Bitcoin Layer 2 network's capacity currently stands at around $500 million after strong growth in 2024.
Retail traders are showing significant interest in alternative cryptocurrencies beyond major assets.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crypto.com is one of the racing organization's longest-term partners, but Coinbase's logo will make its debut on the track this year.
The SEC filed a motion Friday saying its new crypto task force could help it resolve its ongoing case against Coinbase.
The legal feud centers on whether digital assets should be classified as securities or are outside the agency's remit.
The broker raised its Coinbase price target to $475 from $400 while maintaining its market outperform rating on the stock.
Coinbase closed 2024 on a strong note, reporting $2.3 billion in revenue for the fourth quarter, According to the firm’s Q4 2024 Shareholder Letter, this figure exceeded market projections of $1.87 billion and marked an 88% increase from the previous quarter. The Brian Armstrong-led exchange saw a 172% jump in trading revenue, reaching $1.6 billion […]
The post Coinbase’s 2024 revenue soars to $6.6 billion as international regulatory wins pay off appeared first on CryptoSlate.
The crypto exchange benefited from a major bull move in crypto during the fourth quarter surrounding Trump's election victory.
A Washington D.C. district judge has allowed Binance and the SEC to stay their legal dispute for the next 60 days.
Year over year, the crypto exchange's revenue rose to $2.3 billion in Q4 as COIN stock surged 110% over that time period.
The exchange would be following in the steps of Binance and Bybit if it manages to secure a license.
Coinbase is working on returning to the Indian market, TechCrunch reported, citing sources familiar with the matter.
The popular trading platform said revenue for fourth quarter rose 115% from last year, mainly driven by crypto.
The crypto exchange reports fourth quarter results after the close on Thursday.
BTC buyers over Binance seem to be leading the BTC price action ahead of the CPI release.
Coinbase has accumulated $300M+ in ETH, which is more than 2x all of Base's ETH earnings over time," Base member Kabir.base.eth said on X.
Coinbase’s layer-2 network, Base, has denied allegations of selling its Ethereum (ETH) holdings. Over the weekend, crypto community members pointed out that Base has funneled sequencer fees to Coinbase, sparking concerns about transparency and potential ETH sales. However, Base strategist Kabir Sadarangani refuted these claims, asserting that the accusations of a lack of transparency and […]
The post Base denies selling ETH, says the network is committed to Ethereum appeared first on CryptoSlate.
The Ethereum Spot ETFs began February 2025 on a strong positive note, recording net inflows double the size in the Bitcoin ETF market in the first week of the month. Interestingly, this development coincided with a bearish trading week for Ethereum, during which its price declined by 16.18%. Related Reading: Ethereum Spot ETFs Suffer $186 Million Outflows As New Year Struggles Persist – Details Ethereum Spot ETFs Register $420 Million Inflows Amid Price Fall As prices of Ethereum struggled to find market stability in the past week, the Ethereum Spot ETFs experienced an increased level of market interest translating into a net inflow of $420 million. Data from SoSoValue show the ETH ETFs pulled inflows significantly larger than the $203 million registered by the Bitcoin Spot ETFs despite the premier cryptocurrency having a better price performance. Commenting on this eye-catching development, Coinbase analysts have attributed Ethereum ETF performance to a spiked interest in ETH as a preferred asset for CME basis trade over Bitcoin. For context, the CME basis trade is a common trading strategy where market participants go long on an asset in the spot market and short in the future market with intentions to profit from the difference in market prices. According to data from Coinbase, CME ETH basis trade produced a higher gain (16%) than that of Bitcoin (10%) over the last week translating into an increased market institutional interest in the Spot ETFs. Of the reported net inflows in the Ethereum ETF market, BlackRock’s ETHA remains investors’ favorite with total net deposits of $286.81 million. Unsurprisingly, Fidelity’s FETH came second with aggregate investments of $97.28 million. Grayscale’s ETHE, ETH, Bitwise’s ETHW, and 21 Shares’ CETH also recorded modest net inflows between $4 million -$18 million. Meanwhile, Invesco’s QETH, Franklin Templeton’s EZET, and VanEck’s ETHV all record zero net flows. Over the last trading week, the Ethereum Spot ETFs saw their net assets decline to $9.88 billion despite a net positive flow. At the time of writing, these ETFs now control 3.17% of the ETH market cap. Related Reading: Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle ETH Price Overview At press time, Ethereum trades at $2,681 following a 1.46% rise in the last 24 hours. However, daily trading volume is down by 45.15% and is now valued at $16 billion. According to its daily trading chart, the Ethereum Relative Strength Index is currently at 34.03 heading in an upward direction. This data suggests strong potential for a price reversal following last week’s price crash. In driving any price rally, market bulls will encounter strong resistance in the $3400 price zone, pushing past which could allow a return to the local market peak of $4,000. Featured image from ShutterStock, chart from Tradingview
Coinbase CEO Brian Armstrong called the agency "an activist organization that has done enormous harm to the country."
The rapper asked a rhetorical question about "a coin" earlier on Friday, raising speculation whether he would launch a token.
Coinbase has grown beyond its role as a crypto exchange and is now establishing itself as a key player in the broader financial sector in the United States. On Feb. 6, CEO Brian Armstrong said that the platform is evolving beyond crypto trading, positioning itself at the intersection of banking, brokerage, and payments. He shared […]
The post Coinbase is now a major financial entity with $420B in assets appeared first on CryptoSlate.
The industry's U.S. banking crisis may be retreating as a second congressional committee sheds light on how crypto businesses have been treated by regulators.
Coinbase has stepped into the Prime Trust bankruptcy case, filing an amicus brief to push back against a motion that could threaten customer asset protections. In a Feb. 5 court filing, the exchange has urged the court to uphold Uniform Commercial Code (UCC) Article 8, a legal framework that ensures custodial assets remain customers’ property. […]
The post Coinbase defends customer asset rights in Prime Trust bankruptcy case appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Grogan also suggested Satoshi Nakamoto may have used the Canadian crypto exchange Cavirtex, which was acquired by Kraken in 2016.
Coinbase said it wants three top federal banking agencies to take certain steps to end alleged debanking in the crypto industry.
Coinbase has achieved Virtual Asset Service Provider (VASP) registration in the United Kingdom. On Feb. 3, Coinbase’s Chief Policy Officer Faryar Shirzad announced the development on social media platform X and said that this milestone makes the exchange the largest registered VASP in the UK. He explained: “Governments around the world are embracing digital asset […]
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