Coinbase's stock price has surged since the company's first-quarter earnings report. Will its Base offering be enough for investors to sustain the momentum?
The business has a number of positive catalysts including its smart wallet Coinbase Prime, layer-2 network Base and its growing international offering, the analysts said.
Coinbase Q1 earnings reveal a revenue of $1.64 billion, surpassing expectations with a significant increase in consumer transaction revenue.
The post Coinbase reports $1.64 billion in revenue on Q1 appeared first on Crypto Briefing.
Shorting Bitcoin on Binance and Coinbase is akin to a high-stakes gamble where mastering margin trading and futures contracts is key to tilting the odds in your favor.
In the face of growing global regulatory pressure on the crypto industry, the Biden administration’s intensified crackdown and the actions of regulatory bodies have prompted Senator Cynthia Lummis to issue a strong statement against the US government’s stance on the industry. Senator Lummis, a prominent supporter of Bitcoin and the overall crypto market, has advocated […]
The integration brings instantaneous transfers on the layer-2 Lightning Network to the world’s biggest Bitcoin exchange.
Pro-XRP lawyer and crypto advocate John Deaton has filed an amicus brief supporting Coinbase’s motion to certify an interlocutory appeal in the exchange’s ongoing case with the US Securities and Exchange Commission (SEC). In this petition submitted to the US District Court for the Southern District of New York, Deaton also heavily criticized the SEC’s […]
Lawyer-turned-politician John Deaton further reinforced his credentials as an outspoken crypto ally on Friday, filing a friend-of-the-court brief in Coinbase Inc.'s (COIN) effort to get a higher U.S. court to rule on a central question about when a digital token qualifies as a security.
Memes on Base have helped to onboard thousands of people to the layer-2 network and will be key for the next million, says Base creator Jesse Pollak.
Here’s how the crypto industry evolved following one of its most notorious black swan events, the downfall of the FTX exchange, which caused $8.9 billion of lost user funds.
With Bitcoin gearing up for its next deflationary jolt, here are some initiatives aimed at fostering a deeper understanding of the digital currency and its ecosystem.
According to a blog post shared with CoinDesk, the new Kraken Wallet will be the first from a major exchange to be open-sourced.
CFG, the protocol's native token, spiked as much as 14% after the announcement before paring gains and outperformed other DeFi tokens.
Embattled crypto platform Binance.US told CryptoSlate it appointed Martin C. Grant, a former New York Federal Reserve Bank Compliance Chief, to its Board to improve compliance efforts and restore users’ trust in its services. The crypto trading platform has faced extensive regulatory scrutiny due to its ties with the global Binance exchange, which entered into […]
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The crypto exchange's off-shore arm will open perpetuals market for the popular meme coin on April 18.
A recent court decision in the United States has offered a mixed verdict for cryptocurrency regulation, with implications for both crypto exchanges like Coinbase and investors nationwide. The US Court of Appeals for the Second Circuit ruled that secondary sales of cryptocurrencies on Coinbase do not fall under the purview of the Securities Exchange Act […]
Coinbase’s layer-2 network Base was the only top five Ethereum layer 2 to see a value-locked gain over the past seven days.
Bitcoin's potential as 'digital gold' could draw new investors, with ETFs and futures showing market maturity despite recent volatility.
Coinbase secures a registration in Canada, setting a precedent for crypto exchanges and enhancing trust in the digital asset market.
As phishing attacks rise, crypto exchanges tell users to keep their funds safe by using YubiKey devices and Passkeys, along with hardware wallets.
US-based cryptocurrency exchange Coinbase has obtained a registration license in Canada, signaling its intention to expand internationally amid increasing regulatory scrutiny in the US market, led by the Securities and Exchange Commission’s (SEC) ongoing crackdown on the industry. The company announced that it has been registered as a restricted dealer in Ontario under the Canadian […]
Coinbase's expansion into Canada has cleared the hurdle of a "restricted dealer" registration, the company said on Thursday, making it the biggest registered crypto exchange in that jurisdiction.
Coinbase’s Base blockchain is slowly emerging as a significant player in the DeFi space. As an Ethereum Layer-2 (L2) scaling solution, Base aims to alleviate the challenges of high transaction fees and network congestion on Ethereum by offering faster and cheaper transactions for DeFi users. And while it’s neither the first nor last L2 to […]
The post Base sees explosive growth with $1.3B bridged and 6M users appeared first on CryptoSlate.
Wormhole, a cross-chain communication protocol enabling the transfer of assets between blockchains, recently launched an airdrop campaign for its newly issued governance token, W. Early users were rewarded with 617 million W tokens, and the protocol also released a roadmap outlining its plans. Wormhole Protocol Unveils Roadmap According to the protocol’s roadmap, W aims to become a native multi-chain token, leveraging the advantages of both the Solana and Ethereum Virtual Machine (EVM) chains. Initially launched as a native SPL token on Solana, W will reportedly leverage Solana’s performance, offering increased performance, scalability, low transaction costs, and fast settlement times. Related Reading: Crypto Expert Encourages Investors To Buy The Dip As Bitcoin Price Falls To $64,000 After the Solana debut, W will be extended to all Wormhole-connected EVM chains using Wormhole Native Token Transfers (NTT). This framework allows W to continuously roll out across Solana, the Ethereum mainnet, and Layer 2 (L2s) without liquidity fragmentation. The open-source NTT framework allows projects to control token behavior on each chain, including token standards, metadata, ownership/upgradability, and custom features. Cross-Chain Governance System Wormhole also introduces a governance system where token holders on any supported chain can create, vote on, and implement governance proposals. This approach allows maximum participation in the Decentralized Autonomous Organization (DAO) by providing a frictionless user experience for token holders distributed across multiple chains. As announced, W holders can lock and delegate their tokens on Solana and EVM chains, allowing them to participate in governance decisions. The Wormhole DAO, composed of W token holders, will oversee the Solana, Ethereum mainnet, and EVM L2s governance system. Wormhole, developed by Jump Crypto, a division of Jump Trading Group, has been under development for several years. Despite encountering challenges, including a significant hack in February 2022 resulting in a loss of approximately $320 million, the protocol has continued to evolve. Furthermore, the recent listing of the W token on major exchanges such as Crypto.com and the future support planned by Coinbase on April 4 further validate its progress. W’s Debut On OpenBook The W token debuted on the Solana-based decentralized exchange (DEX) OpenBook at $1.66, with a market capitalization of $2.98 billion and a fully diluted value of $16.5 billion. However, the token’s market capitalization and fully diluted value have since fallen to $2.2 billion and $12.5 billion, respectively, according to updated data from CoinGecko. Trading volume for W has remarkably increased, reaching $555,937,593 in the last 24 hours, representing a staggering 25,732,359.60% surge. Related Reading: Fear Grips XRP Market As Liquidations Top $6 Million – Details Following the airdrop, some users openly shared their sell-offs of the W token on social media platforms, resulting in a 23% price drop. At the time of writing, the token is trading at $1.32. Featured image from Shutterstock, chart from TradingView.com
Coinbase selects Lightspark for Bitcoin Lightning Network integration, promising customers faster and cheaper transactions.
The crypto seized was connected to James Zhong, who was convicted in 2022 of wire fraud related to the Silk Road marketplace.
As the crypto market ended March positively, the industry gears up for an eventful April, marked by crucial developments and milestones that could significantly impact the digital asset landscape. Crypto Halvings And Regulatory Deadlines The month starts with the Bitcoin Cash (BCH) halving event scheduled for April 2nd. Similar to Bitcoin (BTC), BCH undergoes a […]
SBF became the first person tied to FTX and Alameda Research to face prison time following the collapse of the exchange in November 2022.
Polygon’s CEO Marc Boiron emphatically stated that the layer-2 network was not considering developing layer-3 protocols because of the potential risks they pose to Ethereum’s security. Boiron made this statement on the back of the early success of Degen Chain, a layer-3 network running on the Coinbase-backed scaling solution Base. Layer 3 protocols enhance scalability […]
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Coinbase's Head of Research sees a potential crypto market turnaround in Q2, with factors like spot Bitcoin ETFs influencing stability.