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” Coinbase new blockchain seen as ‘massive confidence vote’ for Ethereum “ The Ethereum community appears to have taken a bullish view of Coinbase’s newly announced layer-2 network, Base, which has been described as a “massive confidence vote” and a “watershed moment” for the blockchain network. Secured on Ethereum and powered by layer-2 network Optimism,…
” Coinbase launches its own layer-2 network for building decentralized apps “ On Feb 23, crypto exchange Coinbase announced the launch of Base — an Ethereum layer-2 network. The company claimed that this new network will offer a low-cost, secure, developer-friendly environment for building decentralized apps (DApps) on the blockchain. According to Coinbase, Base is…
” Trade group accuses SEC of ‘stealthy’ overreach in Coinbase insider trading case “ The United States Securities and Exchange Commission (SEC) has again been accused of overstepping its authority and unfairly labeling crypto assets as securities, this time in its insider trading case against ex-Coinbase employees. In an amicus brief filing on Feb. 22,…
” Reddit co-founder bought 50,000 Ether during pre-sale, for $15K “ The co-founder of the social media website Reddit, Alexis Ohanian, reportedly bought 50,000 Ether (ETH) for just $15,000 during the cryptocurrency’s presale in 2014, a cost of just 30 cents per coin. Ohanian, who left the social media giant in 2020, told Forbes in…
” Coinbase staking ‘fundamentally different’ to Kraken’s — chief lawyer “ The staking services offered by cryptocurrency exchange Coinbase are “fundamentally different” to what was offered by its peer exchange Kraken — which recently came under fire from the United States securities regulator — according to Coinbase’s head lawyer. Paul Grewal, Coinbase’s chief legal officer,…
” Coinbase beats Q4 earnings estimates amid falling transaction volume “ United States-based cryptocurrency exchange Coinbase has beaten revenue expectations for the fourth quarter of 2022 but continued to see its transaction volume decline. Net revenue for the exchange came in at $605 million for the quarter, beating the $589 million revenue reportedly estimated by…
” Crypto regulation decided by Congress, not the SEC: Blockchain Association “ Despite attempts to police cryptocurrency through enforcement actions, United States financial regulators “are bound by legal reality” and Congress will ultimately decide crypto regulations the policy expert for the crypto advocacy group Blockchain Association has suggested. The association’s chief policy officer, Jake Chervinsky,…
” Cathie Wood’s Ark Invest bags nearly $16M Coinbase stocks in February “ Cathie Wood’s investment management firm Ark Invest continues stacking Coinbase (COIN) stock amid the latest cryptocurrency market decline. On Feb. 10 and Feb. 13, Ark made its first COIN purchases since mid-January, adding significant exposure to the United States’ largest crypto exchange….
” Coinbase will ‘happily defend’ staking in U.S. courts, says CEO “ Crypto exchange Coinbase’s executives are standing up for its crypto staking services, claiming it cannot be classified as a security, and threatening to bring the matter to the courts in the United States. Brian Armstrong, Coinbase CEO, posted on Twitter that the company…
” SEC enforcement against Kraken opens doors for Lido, Frax and Rocket Pool “ The United States Securities and Exchange Commission is ramping up pressure on the crypto sector. On Feb. 9, the SEC reached a $30 million settlement with Kraken over the centralized staking program it offered to its users. The news of the…