The Base ecosystem, Coinbase’s Layer 2 network, had a standout month, with several tokens recording triple-digit gains over the past 30 days. Among these, AERO gained attention with its impressive 184,000 holders, more than double that of its main competitor, ALB. Memecoin DEGEN, however, stole the spotlight, boasting the highest
Cryptocurrency exchange Coinbase has filed a motion to compel the U.S. Commodity Futures Trading Commission (CFTC) to produce communications with issuers of 12 tokens that are central to a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The motion, filed in the Southern District of New York (SDNY),
Coinbase Global Inc., has announced a forthcoming brief platform downtime on X. The exchange made it clear that it plans to upgrade its platform, which means it will be offline for a short time. On Saturday, October 26, 2024, at around 9 AM PT, the planned update will begin and
In a recent court hearing, judges expressed skepticism regarding the SEC’s denial of Coinbase’s petition for rulemaking. Coinbase filed this petition on July 22, 2022, seeking clarity on regulatory guidelines. The SEC officially rejected the petition on July 27, 2023, claiming that it had already established sufficient guidelines. This case
Hassan Ahmed, Country Director of Coinbase, announced at Solana Breakpoint 2024 held on September 20-21 in Singapore, that Coinbase plans to introduce its native cbBTC token to the Solana blockchain. This announcement has sparked excitement among crypto investors, as it signals a strategic expansion for the cbBTC token. Originally launched
Coinbase CEO Brian Armstrong and Industry experts swiftly dismissed allegations that the company was issuing Bitcoin IOUs to BlackRock, the issuer behind the largest spot Bitcoin ETF. Over the weekend, crypto analyst Tyler Durden accused Coinbase of allowing BlackRock to borrow Bitcoin without collateral, raising concerns over potential market manipulation
The world’s second-largest crypto exchange, Coinbase, has denied allegations that it granted BlackRock, the world’s largest asset manager, special privileges to borrow Bitcoin. These claims arose when analyst Tyler Durden suggested that Coinbase was issuing Bitcoin IOUs (essentially loans) to BlackRock, allowing it to borrow Bitcoin without maintaining proper 1:1
Coinbase’s newly launched wrapped Bitcoin product, cbBTC, has quickly gained traction, amassing a market capitalization of nearly $100 million within its first 24 hours. According to Dune Analytics, cbBTC’s circulating supply stands at 1,720 tokens, valued at $99.8 million. Of this, 43% is held on Base, Coinbase’s layer-2 network, while
Coinbase CEO Brian Armstrong has marked a significant milestone in cryptocurrency and artificial intelligence integration. On August 30, Armstrong revealed via X that Coinbase has facilitated its first AI-to-AI cryptocurrency transaction. This breakthrough signifies a major advancement in the way AI interacts with digital currencies. Armstrong detailed the transaction process,
Base, the Layer 2 blockchain network nurtured by Coinbase, has recently surpassed 1 million daily active addresses. This marks a substantial increase in user engagement with the network growth of about 71% in the past 30 days. On Aug 24, Base recorded, 1.05 million active addresses and 1.03 million the
