Argentina’s Newly Elected President And His Intersection With The Crypto World
The recently elected president of Argentina, Javier Milei, has garnered attention from the cryptocurrency world, even though his controversial political platform has raised some eyebrows. According to Decrypt, Milei, who won the election yesterday, proposed unconventional policies during his campaign. These included legalizing the sale of human children via a free market, lowering the age […]
Coinbase’s ultimatum to Bitcoin SV holders: act now or risk liquidation
The leading American cryptocurrency exchange, Coinbase, has issued a stern warning to its Bitcoin SV (BSV) holders. The exchange has announced its plans to completely terminate support for this digital asset. Coinbase sent out a notice to its users holding BSV, notifying them of the impending liquidation of their assets if not withdrawn by January […]
“On-Chain Is The New Online” says Coinbase CEO as company smashes revenue expectations
Coinbase’s Q3 earnings have beaten expectations, with CEO Brian Armstrong drawing parallels between the evolution of blockchain technology and the internet’s transformative impact. Armstrong believes crypto companies can become the tech giants of tomorrow, as on-chain technology becomes as significant as the internet. In the earnings call, Armstrong said that just as the internet transformed […]
Coinbase beats Wall Street predictions despite posting $2.2 Million Q3 loss
Cryptocurrency exchange, Coinbase, reported a Q3 loss of $2.2 million, surpassing Wall Street predictions for the third time this year. The firm’s shares fell during after-hours trading on Thursday despite better-than-expected financial results. On a per-share basis, Coinbase reported a loss of $0.01 on $674 million in revenue, whereas analysts had predicted a loss of […]
MakerDAO moves $250M of its Coinbase custody to safeguard DAI peg
MakerDAO has shifted $250 million from its Coinbase Custody account to replenish the collateral for its DAI stablecoin, following a drastic dip in the coin’s reserves. This move was triggered due to the collateral backing the DAI stablecoin falling below the intended levels. A surge of liquidations forced MakerDAO to utilize half of its $500 […]
Coinbase claims that Bitcoin ETF Approval Effect include current price
The potential approval of Bitcoin (BTC) Spot Exchange-Traded Funds (ETFs) seems to be already factored into the current pricing, as per Coinbase Institutional. David Duong, head of institutional research at Coinbase Institutional, noted that the divergence in the performance of Bitcoin and other cryptocurrencies indicates an anticipation of one or more spot Bitcoin ETFs getting […]
Joe Rogan says Bitcoin has the potential to become ‘Real Viable Currency’
On a podcast with Joe Rogan, OpenAI CEO Sam Altman publicly declared their support for Bitcoin (BTC) and no no for CBDCs. Oct. 6th episode of The Joe Rogan Experience, Altman described Bitcoin as a “super logical” step in technological advancement, free from governmental control and a potential tool against corruption. Rogan, on the other […]
Cryptocurrencies lack ‘Innate Or Inherent Value’, asserts SEC in Coinbase lawsuit
The Securities and Exchange Commission (SEC) is asserting that cryptocurrencies do not possess any “innate or inherent value” in its ongoing case against Coinbase Inc. in federal court The SEC’s argument comes in response to Coinbase’s motion to dismiss the agency’s lawsuit filed during the summer. The SEC asked the judge to disregard Coinbase’s argument […]
SEC challenges Coinbase’s attempt to dismiss lawsuit
The U.S. Securities and Exchange Commission (SEC) has urged a federal judge to reject the motion by Coinbase Inc. (NASDAQ: COIN) to dismiss the lawsuit against it. According to the regulator, the cryptocurrency exchange knew the digital assets it sold were deemed securities under the Howey Test. According to the reports, the SEC submitted a […]
Coinbase secures full license to expand crypto payment services in singapore
Cryptocurrency exchange platform Coinbase has secured a full major payment institution license under Singapore’s Payment Services Act. This development will allow the company to broaden its crypto payment services footprint in the country. Coinbase announced on Sunday that the license was granted nearly a year after Coinbase received preliminary approval from the Monetary Authority of […]