On Saturday, Brian Armstrong, CEO of Coinbase, criticized Sam Bankman-Fried’s story of how FTX lost $8 billion. According to Armstrong, FTX’s prior CEO, a physicist with a degree from MIT, would not allow billions of dollars to go without a trace. The CEO of Coinbase then explained how he thought
Coinbase Global Inc announced on Thursday that users of Apple Inc iOS are no longer able to transmit non-fungible tokens (NFTs) to their cryptocurrency exchange wallets. Furthermore, coinbase states in a tweet that Apple has block the latest recent app release until the feature is disable. You might have noticed
Coinbase, the largest exchange in the United States, announced on November 29 that it will no longer support Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP), and Stellar (XLM) in its coinbase wallet. The exchange stated that the coins will no longer be support from January 2023. Because of their
Coinbase CEO Brian Armstrong disclosed the company’s $39.9 billion Bitcoin holdings in a letter to shareholders. The letter was eventually made public following widespread market attempts to be transparent in the wake of the FTX crash. Using Twitter, Coinbase’s CEO announced the Bitcoin total and emphasized the company’s public status.
On Monday, Coinbase’s stock price dropped to a record low of $40.61. According to CoinGecko statistics, the two biggest cryptocurrencies by market cap, Bitcoin and Ethereum, both declined. Bitcoin dropped 5.5% to $15,665, while Ethereum dropped 8.2% in a day to $1,081. Coinbase has attempted to capitalize on the demise
As of today, Bank of America said it will be shifting its rating on Coinbase shares from buy to neutral. Since its all-time high of $357.39 on November 9, 2021, the price of COIN has fallen 86%, trading at $45.36 right now, a decrease of 7% over the last 24
CEO and founder of Coinbase, Brian Armstrong, has spoken out about the cryptocurrency market’s current collapse. When asked about his feelings about the current crypto landscape, Coinbase’s CEO made it obvious that he is still positive despite the recent collapse of his competitor exchange, FTX. When asked about the former
Ripple, a blockchain payments firm, was sued by the SEC in December 2020. The lawsuit has been ongoing for over two years now. Ripple has gained support from a wide range of firms. A significant side issue in the continuing lawsuit between Ripple and the U.S. Securities and Exchange Commission
Coinbase’s newest wave of layoffs is an indication that the exchange may still be seeking to reduce expenses in the current crypto bear market. According to Thursday’s report by The Information, more than sixty employees in Coinbase’s recruitment and institutional onboarding divisions will be let go. Just five months ago,
420,949 shares of Coinbase (COIN) were acquired by Ark Invest, an investment company led by protracted Bitcoin advocate Cathie Wood, for just around $21.4 million, as reported by the firm’s daily transaction brief. About 33,000 of the total bought shares went to ARKK, the company’s flagship exchange-traded fund (ETF) that
