Coinbase CEO Brian Armstrong has revealed ongoing efforts to obtain documentation through the Freedom of Information Act (FOIA) to uncover US banks’ full scope of crypto-related account closures. In a Nov. 27 post on X, Armstrong “confirmed” that several banks have cut ties with crypto stakeholders solely due to their involvement in the industry. He […]
The post Crypto debanking wave tied to political figures, Coinbase CEO Brian Armstrong alleges appeared first on CryptoSlate.
Fairshake will have a whopping $103 million to spend on the next U.S. congressional election — so far — thanks to another $25 million just promised from Ripple Labs.This latest contribution puts the political action committee in a powerful position to repeat its successes from this year's elections, in which dozens of its favored pro-crypto candidates won their races.
Bitcoin has observed a plunge under the $93,000 level during the past day. Here’s what the trend in an indicator suggests about what could be behind this downturn. Bitcoin Coinbase Premium Gap Has Gone Cold As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the Coinbase Premium Gap has returned to neutral levels recently. The “Coinbase Premium Gap” here refers to an indicator that keeps track of the difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). This metric essentially tells us about how the buying or selling behaviours differ between the user bases of the two cryptocurrency exchanges. Coinbase’s main traffic is made up of American investors, especially large institutional entities, while Binance serves investors around the world. When the Coinbase Premium Gap has a positive value, it means the US-based whales are participating in a higher amount of buying or a lower amount of selling than the Binance users, which is why the asset is more expensive on Coinbase. Similarly, it being negative implies a net higher buying pressure on Binance. Related Reading: Chainlink May Reach New ATH If This Barrier Breaks, Analyst Says Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Gap over the past couple of days: As displayed in the above graph, the Bitcoin Coinbase Premium Gap had been at notable positive levels earlier, but during the past day, its value has declined to the neutral zero mark. According to Maartunn, the source of the positive premium was Microstrategy’s latest buying spree. Indeed, the cooldown in the indicator matches up with the timing of the completion of the $5.4 billion purchase by Michael Saylor’s firm. The significant accumulation from the company had helped the cryptocurrency maintain its recent highs, but with the buying pressure depleted, Bitcoin has retraced to price levels under $93,000. BTC and the Coinbase Premium Gap have held a close relationship throughout 2024, so the metric could be to keep an eye on in the near future, as where it goes next may once again foreshadow the asset’s next destination. Naturally, a decline into the negative region could spell further bearish action for its price. In some other news, the Bitcoin Active Addresses indicator has observed a sharp jump recently, as Maartunn has shared in another X post. This metric keeps track of the daily number of addresses that are participating in some kind of transaction activity on the network. Related Reading: Bitcoin To Smash $100,000? Rapid Stablecoin Exchange Inflows Continue Below is the chart shared by the CryptoQuant analyst for the 14-day simple moving average (SMA) of the Active Addresses: With this latest surge, the 14-day SMA of the Bitcoin Active Addresses has reached its highest point in eleven months. This suggests that a lot of activity has recently occurred on the network. Given that the asset has gone down in the past day, though, the most recent user interest has certainly not come for buying. BTC Price At the time of writing, Bitcoin is floating around $92,400, down almost 6% over the last 24 hours. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
On-chain data shows a Dogecoin whale has just transferred a large amount of DOGE to Coinbase, something that could be bearish for the price. Dogecoin Whale Has Made A Large Exchange Inflow Today According to data from the cryptocurrency transaction tracker service Whale Alert, a couple of large transactions have occurred on the DOGE network […]
Cryptocurrency exchange Coinbase has revealed that it has struck a sponsorship agreement with a basketball team starting this National Basketball Association (NBA) season. Related Reading: Coinbase CEO Brian Armstrong Finds Ally In Cardano’s Hoskinson For Crypto Czar Bid The deal only shows that the intricate worlds of cryptocurrency and professional sports are becoming more intertwined […]
When it comes to formulating policies and regulations for the cryptocurrency space, there is no better choice than appointing someone who has a great understanding of the ins and outs of digital assets. This is the conviction of Cardano founder Charles Hoskinson as he nominated Coinbase executive, Brian Armstrong, to be the “Crypto Czar” of […]
Phantom, a crypto wallet with a steeper learning curve, is way ahead of exchange giant Coinbase in the Apple App Store rankings.
Crypto users celebrated as SEC Chair Gensler announced his resignation, but Trump’s nominee will face confirmation hearings in the US Senate.
Data shows the Bitcoin Coinbase Premium Gap has plunged into the negative territory following BTC’s latest high above $98,000. Bitcoin Coinbase Premium Gap Has Just Observed A Plummet As explained by CryptoQuant community analyst Maartunn in a new Quicktake post, the recent positive Coinbase Premium Gap has just disappeared. The “Coinbase Premium Gap” here refers […]
Coinbase contends the delisting was based on a standard review of wBTC’s suitability to trade on the exchange.
President-elect Donald Trump’s transition team is reportedly considering the creation of a dedicated White House position to oversee crypto policy, and Cardano founder Charles Hoskinson has presented whom he thinks is the perfect pick for this role. According to sources familiar with the discussions, candidates are being vetted for what would be the first crypto-specific […]
Cardano founder Charles Hoskinson has suggested Coinbase CEO Brian Armstrong as a top candidate for the proposed crypto policy role in Donald Trump’s second administration. In a Nov. 20 post on X, Hoskinson outlined key qualifications for a “Crypto-Czar,” emphasizing neutrality, collaboration across protocols, and a firm grasp of crypto’s unique value. He also criticized […]
The post Cardano’s Charles Hoskinson nominates Coinbase’s Brian Armstrong for Donald Trump’s crypto czar appeared first on CryptoSlate.
“We’re hitting CEOs, CFOs, software engineers,” the brazen scammer told Casa CEO Nick Neuman: “We don’t call poor people.”
Announcement comes shortly after the exchange launched its own ‘wrapped’ bitcoin on Base – cbBTC
On Monday, Bitcoinist reported that President-elect Donald Trump was scheduled to have a private meeting with Brian Armstrong, the CEO of US-based crypto exchange Coinbase, expected to influence the landscape of cryptocurrency regulation in the United States. Coinbase CEO Discusses Crypto Landscape With Trump Fortune confirmed on Tuesday that the discussion took place over a […]
Coinbase has already discontinued market trading of WBTC and is only facilitating limit orders.
The partnership is designed to expand access to PYUSD in Asian and African markets, PayPal said.
This week’s Crypto Biz features MicroStrategy’s Bitcoin strategy, Coinbase’s and Kaiko’s recent acquisitions, MARA’s third-quarter earnings, and MoonPay’s new fiat gateway.
After securing a Republican Senate and a pro-crypto White House, crypto firms are now pushing for reforms at the SEC.
BlockTower’s venture capital arm, BlockTower Venture Capital, will continue to operate independantly.
The Utopia Labs team will join the Base network to accelerate Coinbase Wallet's on-chain payments buildout.
Robinhood adds SOL, PEPE, ADA, XRP, Coinbase adds PEPE
Crypto prices continue melting upwards since Donald Trump's election victory as investors reprice digital assets in anticipation of a friendlier government.
It adds to Bitwise's roster of European staking ETPs. Staking is still prohibited in ETPs listed in the United States.
Derivative products tied to the new index will not be available to users in the United States, United Kingdom, or Canada.
The crypto exchange is one of the big winners from the United States elections on Nov. 5.
Veteran trader Peter Brandt says Bitcoin is following a similar pattern from its past, which could lead to a $125,000 BTC price by New Year’s Eve.
Data of the Bitcoin Coinbase Premium Gap could hint at which part of the market has been behind the bullish price action over the weekend. Bitcoin Coinbase Premium Gap Saw Negative Dips During Weekend In a CryptoQuant Quicktake post, an analyst has discussed about the recent trend in the Bitcoin Coinbase Premium Gap. The “Coinbase […]
The general cryptocurrency market has seen notable upward momentum in the past few weeks, with Bitcoin, the largest digital asset, leading the market once more toward what several seasoned crypto analysts believe to be one of the biggest bull runs ever. Bitcoin Heading Toward More Higher Levels In his latest report, Doctor Profit, a market […]
As bitcoin hits new highs, it's helpful to examine the data to understand where the demand is coming from.