Coinbase CEO Brian Armstrong made a big prediction about the future of crypto space. He claims that it is a new era for crypto in the US and forecasted that 10% of global GDP will be crypto-based by 2030. In Coinbase’s February 13th Q4 2024 earnings call, Armstrong gave his
As the community and market together march towards a weekend slump, Coinbase stirred up a little activity. Amid regulatory updates every other day, the cryptocurrency exchange released its fourth-quarter reports in the last 24 hours. Meanwhile, Bitcoin continues to consolidate at $96,000 struggling to reclaim its $100K mark. Notably, the
Major crypto exchange Coinbase now plans to re-enter the Indian crypto market after more than a year of exit from the country. The second largest crypto exchange now engages with the FIU to restart its operations as it aims to comply with regulatory principles. When Coinbase first entered India in
Base, Coinbase’s Ethereum Layer 2 network, is facing scrutiny for transferring its sequencer fee earnings to Coinbase. Critics argue the move lacks transparency and raises questions about fund usage. Santisa, Lucidity’s chief investment officer, first flagged the issue on X. He shared Etherscan data showing regular ETH transfers from the
The Financial Conduct Authority (FCA) has granted Coinbase its UK Virtual Asset Service Provider (VASP) registration. According to the press release, the exchange will now be able to offer crypto and fiat services to UK users under the UK’s regulations. This milestone makes Coinbase the biggest FCA-registered crypto exchange in
Coinbase Derivatives, the US-based cryptocurrency exchange subsidiary, is attempting to gain regulatory approval by filing documents with the Commodity Futures Trading Commission (CFTC). The assets include Solana (SOL) and Hedera (HBAR), with details of the new futures contracts. The filings imply that the exchange intends to extend the derivatives it
Senator Cynthia Lummis has filed an amicus brief backing Coinbase’s legal battle with the U.S. Securities and Exchange Commission (SEC). The Wyoming Republican accuses the agency of overstepping its authority and undermining Congress’s regulatory role. Lummis criticized the SEC’s enforcement-driven approach under former Chair Gary Gensler. She described it as
Trump Influence on Crypto Recently, Coinbase CEO Brian Armstrong commented on the effect of President Donald Trump on cryptocurrency. He noted that most the discussion at the World Economic Forum in Davos concerned Trump’s plans for cryptocurrency, particularly his vision of a “Strategic Bitcoin Reserve.” According to Armstrong, Trump is
The US Federal Deposit Insurance Corporation (FDIC) is accused of withholding key cryptocurrency-related documents in a Freedom of Information Act (FOIA) lawsuit filed by Coinbase. The lawsuit claims the FDIC failed to disclose numerous “pause letters” advising banks to halt crypto operations. FDIC Accused of Hiding Crypto Documents On January
The official meme coin by Donald Trump, TRUMP, is topping the crypto space. Both Binance and Coinbase gave in to this popularity, with Binance already accommodating trades and Coinbase listing. Other exchange houses, including KuCoin, Kraken, and Bitget, also introduced the token. Solana’s Boost from TRUMP Token The coin was
