Ark Invest, Cathie Wood’s investment management business, has made its biggest purchase of Coinbase shares ever. Cathie Wood is unfazed by Coinbase’s declining sales and regulatory uncertainties in the U.S. crypto sector. Quarter 4 revenue for Coinbase was $605 million, down significantly from $2.49 billion in the same period last
Earlier today, Coinbase announced the release of Base, it’s very own layer-2 network built on Ethereum. According to the business, millions of new decentralized applications will be able to make use of Base. Since it will serve as an open ecosystem for Coinbase’s on-chain products. Moreover, according to Jesse Pollak,
The arrival of Binance, a major cryptocurrency exchange, into the South Korean market has caused concern among the country’s financial regulators. Binance, the biggest cryptocurrency exchange in the world, returned to South Korea on February 3. After a two-year absence by acquiring a controlling stake in the fifth-largest cryptocurrency exchange
Since the U.S. Securities and Exchange Commission’s (SEC) assault on crypto businesses, scrutiny of crypto players in the U.S. continues. In the latest development, an attorney from New York has filed a complaint with regulators over a cryptocurrency exchange. Global regulatory agencies stepped up their attempts to standardize crypto market
Binance, a cryptocurrency exchange, and Ingenico, a payments company located in France, have announced strategic cooperation to facilitate cryptocurrency payments in the country of France. On February 22nd, Binance announced that it has teamed with Ingenico, a global payment solutions organization, to make using Binance Pay a breeze. The company
The quantity of USD Coin (USDC) held on Binance has been increasing this week, as reported by Martin Lee, a data journalist for Nansen. Lee said on Tuesday through Twitter, that it is interesting to watch the number of USDC on Binance climb so much after the BUSD event. According
Cryptocurrency exchange Coinbase outpaced revenue forecasts for the fourth quarter of 2022. Its transaction volume continued to drop. A year after Coinbase made $840 million in net profits during the height of cryptocurrency growth. And the company reported a $557 million net loss. As per reports, for the fourth quarter,
After charges were hurled against the FTX’s former CEO, Sam Bankman-Fried, the ailing cryptocurrency exchange has gotten involved in controversies and scandals. In spite of the termination of its services on November 8, FTX Japan, the exchange’s Japanese branch, has lately indicated that it would respect withdrawals of client cash.
Market participants are making moves as Hong Kong’s officials attempt to restore the city’s status as Asia’s crypto powerhouse. Most recently, Huobi Global, headed by Justin Sun, revealed that it has sought a crypto trading license in Hong Kong. Huobi Global, the company behind the Huobi exchange, is also trying
The most recent Proof-of-Reserves report shows that OKX is over-collateralized. With reserve ratios of 104% for bitcoin (BTC), 104% for ether (ETH), and 102% for USDT. Since its Proof-of-Reserves website went up at the end of last year. The exchange claims that more than 175,000 unique visitors have checked it
