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” Coinbase disables trading for BUSD “ US-based cryptocurrency exchange Coinbase announced the suspension of trading for the Binance USD (BUSD) stablecoin on March 13 via Twitter. We have disabled trading for Binance USD (BUSD). Your BUSD funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at…
” Coinbase CEO ponders banking features after Silicon Valley Bank crisis “ The wider cryptocurrency community continues to debate the ongoing fallout following the closure of three major American banks, with calls for neobank services for the industry on the cards. Silicon Valley Bank (SVB), which has traditionally served startups across a number of innovation…
” Coinbase, Celsius and Paxos disclose funds in Signature Bank “ Crypto exchange Coinbase, crypto lender Celsius and stablecoin issuer Paxos are among the crypto firms with funds reportedly tied up with the now-shuttered Signature Bank. The crypto-friendly Signature Bank was shut down by New York regulators on Mar. 12 in conjunction with the United…
” Ethereum layer-2 solutions may focus less on token incentives in the future “ Layer-2 networks continue to gain momentum as the Ethereum ecosystem advances. For example, data from analytics provider Token Terminal found that layer-2 scaling solution Polygon had 313,457 daily active users as of Jan. 17, 2023 — a 30% increase in activity…
” Coinbase reiterates that staking services will continue, despite SEC crackdown “ Despite the recent crackdown by the U.S. Securities and Exchange Commission (SEC) on staking services offered by centralized providers, Coinbase has reiterated to customers that its staking services will continue, and “may actually increase.” In a new customer email, highlighted by popular traders…
” Coinbase still a buy for Cathie Wood: ARK buys its biggest batch of COIN in 2023 “ Amid Coinbase (COIN) stock tumbling about 8% on Thursday, Cathie Wood’s investment manager ARK Invest has bought the biggest amount of the stock since the start of 2023. On March 9, ARK purchased 301,437 Coinbase shares ($17.5…
” Silvergate downfall sparks debate over whose fault it actually was “ The voluntary liquidation of crypto-friendly bank Silvergate has sparked many to share their thoughts about the source of its troubles and the broader impact of the bank’s collapse on crypto. From lawmakers to crypto analysts, crypto firm executives to commentators — nearly everyone’s…
” Coinbase launches wallet-as-a-service for businesses “ Crypto exchange Coinbase has launched a new business solution for enterprises looking to offer Web3 wallets to their customers — a move it says will help streamline the adoption of Web3 products and services. Coinbase’s wallet-as-a-service, or WaaS, provides enterprises with the technical infrastructure to create and launch…
” Brace for BTC price volatility? Bitcoin ‘coin days destroyed’ metric jumps to 2-month highs “ On March 8, addresses linked to the United States government moved 49,000 Bitcoin seized from the Silk Road, worth $1 billion. The transfer was accompanied by Bitcoin’s (BTC) price slipping below $22,000 and a noticeable spike in a key holder metric. But…
” Cathie Wood’s ARK ignores Silvergate, buys Coinbase stock for 6th straight month “ Bitcoin (BTC) exchange Coinbase has remained a firm “buy” for ARK Invest throughout its recent price drop. The latest data shows ARK continuing to buy COIN shares despite bankruptcy concerns over Silvergate bank, a major Coinbase partner. ARK ETF keeps topping…