Learn how to buy USDC on the Base Network with this step-by-step guide, which covers the essentials, including wallets, buying USDC and bridging to Base Network.
Coinbase may be required to send certain information related to user accounts to the CFTC in response to a subpoena related to Polymarket.
On Tuesday, US-based crypto exchange Coinbase, achieved a significant legal victory in its ongoing dispute with the Securities and Exchange Commission (SEC). Judge Katherine Polk Failla of the Southern District of New York has granted Coinbase a “rare interlocutory appeal,” allowing the company to challenge the SEC’s claims that it operates as an “unregistered exchange […]
A UK judge has ordered the seizure of $4.3 million in Bitcoin (BTC) from a British crime lord known as “Don Car-Leone.” The ruling comes after the fugitive failed to prove the crypto holdings weren’t related to criminal activities. Related Reading: Bitcoin ETFs Dominate 2024: Crypto Fund Flows Hit Record $44.2 Billion Inflows – Report […]
With a significant move at the start of the week, Bitcoin has revisited the pivotal $100,000 milestone once again. This move has triggered a wave of fresh optimism among crypto enthusiasts as several key metrics have also seen positive movements alongside the recent upswing. BTC’s Market Dynamics Undergoes A Shift Bitcoin’s market dynamics are showing […]
A U.S. judge halted the case in which the exchange and SEC are duking it out over an enforcement matter, and will let Coinbase chase a higher-court appeal.
Judge Katherine Failla granted Coinbase’s request for an interlocutory appeal, citing different courts’ interpretations of what constituted a security under the SEC’s purview.
Bitcoin price sold-off today, but heavy demand below $98,000 is prepping the market for the next leg higher.
The return of the Bitcoin “Coinbase premium” could be a sign that BTC price is on the path to $138,000.
The plans are not yet concrete, as Coinbase is awaiting regulatory clarity on securities tokenization.
The brokerage reportedly cited expectations of a crypto-friendly regulatory environment under incoming President Trump as a key consideration.
The new year will bring freshmen members of Congress and President-elect Donald Trump, who made big promises to the industry during his campaign.
Coinbase CEO Brian Armstrong has signaled interest in incorporating Circle’s USD Coin (USDC) for payments on X, formerly known as Twitter. In a Dec. 29 post, Armstrong suggested that USDC payments would be a valuable addition to the platform and called on the X team to explore implementing this feature. This public appeal follows a […]
The post Coinbase CEO urges X to embrace USDC for payment integration appeared first on CryptoSlate.
Macroeconomic concerns and rampant profit-taking are weighing on the crypto market as the year comes to an end.
While MiCA’s implementation phase is ending on Dec. 30, 2024, there is also a transitional 18-month phase in MiCA’s total 36-month timeline.
Futures open interest on XRP dropped by 54% in three weeks. Is XRP gearing up for another rally?
Crypto industry executives share with Cointelegraph what they expect for the now $200 billion stablecoin market next year.
This week’s Crypto Biz explores Coinbase's wBTC controversial delisting, Deutsche Bank’s blockchain, USDT in Europe, FTX creditors repayment and BVNK’s move to the United States.
Bitcoin traders’ realized losses have likely peaked, possibly marking the bottom of the current BTC price sell-off.
Major North American Bitcoin (BTC) mining company Hut 8 has further expanded its BTC holdings with a $100 million acquisition. This latest purchase has pushed the company’s total reserves to over 10,096 BTC, valued at more than $1 billion at current market prices. Hut 8 Bitcoin Reserves Top $1 Billion The Miami-headquartered cryptocurrency mining firm continues to increase its Bitcoin reserves, undeterred by BTC’s recent price surges. In its latest announcement, Hut 8 revealed the purchase of approximately 990 BTC for $100 million, at an average price of $101,710 per Bitcoin. Related Reading: Metaplanet To Expand Bitcoin Holdings With $11.3 Million Bond Sale This acquisition has propelled Hut 8’s total BTC holdings to over $1 billion, with the coins acquired at an average cost of $24,485 per Bitcoin. The move reflects the company’s strategy of combining low-cost BTC production with what it views as strategic market buys to maximize returns and strengthen its reserve assets. Notably, Hut 8’s recent purchase positions it among the top 10 largest corporate holders of Bitcoin globally. MicroStrategy remains the leader on this list, holding more than 250,000 BTC on its balance sheet. Commenting, Asher Genoot, CEO, Hut 8, said: We believe deeply in our operating business and that building a strategic Bitcoin reserve will fortify our financial position as we pursue large-scale growth initiatives across power and digital infrastructure. Additionally, as we scale operations and extend our cost advantage in Bitcoin production, we anticipate that the flywheel effect will enable us to grow our holdings organically at a significant discount to market prices, strengthening the yield of our reserve strategy. Echoing these sentiments, Hut 8 CFO, Sean Glennan explained that making BTC a reserve asset was a key component of the company’s strategy to deliver “superior returns” to shareholders through strategic treasury management. He added that the company is open to deploying its BTC reserve to support business objectives, such as upgrading its mining fleet. Earlier this month, Hut 8 unveiled a massive $750 million initiative aimed at general corporate objectives, debt repayment, and bolstering its Bitcoin reserve. On a year-to-date basis, Hut 8’s stock has surged by over 102%, trading at $27.11 at the time of writing. 4 Mining Firms Among Top 10 Corporate BTC Holders While companies like MicroStrategy, Tesla, Block, and Coinbase are well-known among the top corporate Bitcoin holders, four Bitcoin mining firms also feature on this prestigious list, namely, Marathon Digital Holdings, Hut 8, Riot Blockchain, and CleanSpark. Related Reading: Bitcoin Adoption Grows As Rumble Unveils $20 Million BTC Treasury Strategy Last year, Riot Blockchain reported a significant increase in its BTC holdings. At the time of writing, the Bitcoin mining firm holds a total of 8,490 BTC. Similarly, earlier this month, Marathon Digital Holdings purchased another 703 BTC to increase its total reserves to 34,794 BTC. This move aligns with Marathon CEO’s previous statement that institutions are “waiting to buy up” Bitcoin. In October, CleanSpark CEO Zach Bradford predicted that BTC may peak around $200,000 in the next 18 months. At press time, BTC trades at $100,543, down 3.1% in the past 24 hours. Featured image from Unsplash, Charts from Yahoo! Finance and Tradingview.com
Derivatives trading products saw rapid growth, suggesting that professional traders were actively seeking exposure to cryptocurrencies.
The swap took place Wednesday, the same day BiT Global lost a court case seeking to prevent Coinbase delisting WBTC.
The DeFi protocol also launched an in-house perpetuals trading app.
Coinbase will likely be able to move forward with its intention to suspend wBTC trading on Dec. 19 following a challenge in federal court.
Bitcoin investors realized profits as BTC price hit new all-time highs throughout November. Now that the metric has reset, new highs could be in store.
Some crypto community members have criticized Coinbase for not giving technical reasons for delisting WBTC and justifying its decision by citing Justin Sun-linked risks.
Binance, Crypto.com, Kraken and other crypto exchanges continue to list Tether’s USDT on their EU platforms weeks before the final MiCA deadline on Dec. 30.
Coinbase and DeFi pose serious competition for traditional exchanges as Bitcoin ETFs beat gold by assets under management.
A well-known cryptocurrency exchange firm might be forced to pay up to $1 billion in damages for delisting a digital currency from its platform. The issuer of Wrapped Bitcoin, Bit Global Digital is suing crypto platform Coinbase for the losses incurred after the digital currency exchange removed its crypto token. Related Reading: Crypto Meets Royalty: […]
Crypto industry insiders like Justin Sun are questioning Coinbase’s token listing criteria following the exchange’s decision to delist wBTC in November.