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The crypto market is still “very unsure” about which crypto assets to back beyond Bitcoin and Ethereum, according to an executive. The average investor still hasn’t reached a clear consensus on which crypto assets beyond the top two warrant serious attention, according to Anthony Bassili, president of Coinbase Asset Management. “There’s a very, very clear…
Distributed cloud projects aim to reduce blockchain’s heavy dependence on centralized providers like AWS. Periodic service disruptions and capacity strain on centralized cloud infrastructure have created an opening for companies building distributed networks. Supporters of the distributed approach argue that spreading workloads across several smaller nodes reduces concentration risk. They say the model could be…
Expanding outside the US, Coinbase Business launches in Singapore to give startups and SMEs a unified platform for USDC payments, asset management and more. Coinbase Business, a new business platform from major US crypto exchange Coinbase, has launched in Singapore, marking the company’s first international expansion. After introducing Coinbase Business in June, Coinbase has rolled…
On Thursday, at the end of Coinbase’s third quarter earnings call, CEO Brian Armstrong admitted that he was “a little bit distracted,” because he’d been “tracking the prediction market about what Coinbase will say on their next earnings call.” “And I just want to add here the words Bitcoin, Ethereum, Blockchain, Staking, and Web3 to…
The new company will use NEAR’s blockchain and NVIDIA technology to build privacy-preserving AI infrastructure, while offering exposure to the NEAR token. Nasdaq-listed OceanPal Inc. has raised $120 million through a private investment in public equity deal to launch SovereignAI, a new subsidiary focused on commercializing the NEAR Protocol and developing AI infrastructure. According to…
Citi partners with Coinbase to pilot stablecoin payments as the bank forecasts a $4 trillion market by 2030, signaling Wall Street’s growing crypto embrace. Citigroup could become one of Wall Street’s first major banks to offer stablecoin payment services, marking a potential milestone in the broader adoption of tokenized dollars following the passage of the…
DeFi trading volumes hit record ratios against CEXs as matured infrastructure and regulatory clarity shift power to transparent, code-driven platforms. Opinion by: Rachel Lin, co-founder and CEO at SynFutures DeFi has come a long way since the boom-and-bust cycle of 2020’s DeFi Summer. Much of the surge in the early days was fueled by experimentation,…
The 15-hour Amazon Web Services outage that halted Coinbase, Robinhood and MetaMask revealed how much of Web3 still relies on centralized servers. The recent Amazon Web Services (AWS) outage that knocked out major crypto and fintech platforms, including Coinbase, Robinhood, MetaMask and Venmo, has reignited debate over how decentralized Web3 really is. While blockchains continued…
Coinbase CEO Brian Armstrong said onchain fundraising could make capital formation “more efficient, fair, and transparent.” Coinbase CEO Brian Armstrong has outlined an ambitious plan to move every stage of a startup’s journey, from incorporation to fundraising and public trading, onto the blockchain. Speaking on the TBPN podcast, Armstrong described his vision for an onchain…
Coinbase has paid $25 million for an NFT that compels the once popular crypto podcast UpOnly to restart. Bull market vibes anyone? Crypto exchange Coinbase has spent $25 million to acquire and burn a non-fungible token (NFT) designed to revive the once popular crypto podcast called UpOnly. Coinbase CEO Brian Armstrong confirmed that the “rumors…