Coinbase, the leading US-based cryptocurrency exchange, has stridden in the crypto world by officially launching its decentralized blockchain, Base. It became the first publicly traded company to introduce its proprietary blockchain. The journey began earlier this year with the introduction of Base’s testnet in February, followed by a developer release
Coinbase CEO Brian Armstrong has allegedly gone back and forth on whether or not the company would relocate outside of the United States due to regulatory uncertainties. As reported by the Financial Times on August 4, Armstrong said that Coinbase will be “staying in the United States” despite several other
On Friday, Coinbase submitted a brief to the court hearing the SEC case against them, asking that the charges be dropped. The exchange contended in its brief that, contrary to decades of Supreme Court precedent, it does not provide investment contracts. This comes at a time when lawmakers and authorities
Coinbase announced on August 3 that its Q2 earnings were above forecasts despite being sued by the SEC. Financial results for the corporation exceeded Wall Street forecasts. Analysts had forecast a loss of 76 cents per share, thus the company’s actual loss of 42 cents per share was better than
Cathie Wood, the CEO of Ark Invest, has reportedly sold millions of dollars’ worth of shares in Coinbase (COIN) and Robinhood (HOOD) ahead of the businesses’ projected weaker-than-expected second-quarter earnings reports. Despite Cathie Wood’s continued Bitcoin optimism, her firm, Ark Invest, has been unloading its crypto-related stock holdings. Since the
Polygon (MATIC) has risen as the overall crypto market capitalization sits at $1.21T, up 0.29% overnight. In the same vein, Tradecurve (TCRV) has also shown promising growth in recent times, capturing the attention of investors and traders. Keep reading as we go into both projects in further detail. >>Register For
In the evolving world of the crypto market, one memecoin has caught the attention of the entire crypto community with its price surge. BALD, the newly launched memecoin, has experienced a significant surge after its launch. a coin named $BALD just ran +40,000% in 48h's on a chain you can't
The US Securities and Exchange Commission’s (SEC) recent move sparked controversy, Coinbase was asked to halt trading on all cryptocurrencies except for Bitcoin (BTC). According to the Financial Times, Coinbase CEO Brian Armstrong revealed that this request came before the SEC’s legal action against the company on June 6, where
In the evolving crypto market, Apple Inc., the multinational technology company, has once again come under the microscope for its App Store practices. However, this time the focus is on the emerging sectors of cryptocurrency trading and non-fungible tokens (NFT). It faces legislative scrutiny over its App Store policies for
The Chairman of the Financial Services Committee of the United States, Patrick McHenry, who is serving the tenth Congressional District has introduced the Clarity for Payment Stablecoins Act through Bipartisan vote. In Washington, this Thursday, Chairman McHenry laid the foundation for regulating the stablecoin providers with strong consumer protection. This
