# Coinbase will ‘briefly pause’ ETH and ERC-20 token deposits and withdrawals during Ethereum Merge

Admin4 years ago04 mins

” Coinbase will ‘briefly pause’ ETH and ERC-20 token deposits and withdrawals during Ethereum Merge “ United States-based cryptocurrency exchange Coinbase has announced it will be temporarily suspending certain token deposits and withdrawals when Ethereum’s core developers transition the blockchain to proof-of-stake, or PoS. In a Tuesday blog post, Coinbase product manager Armin Rezaiean-Asel said that…

# Crypto Biz: A Futurist take on crypto

Admin4 years ago07 mins

” Crypto Biz: A Futurist take on crypto “ You might not know it, but Canada is quietly becoming a major player in the blockchain and crypto scene: Ethereum has strong Canadian roots, Toronto-based 3iQ launched North America’s first physically-settled Bitcoin (BTC) exchange-traded fund (ETF) and the percentage of active crypto holders in the country has…

# S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures

Admin4 years ago05 mins

” S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures “ Major American cryptocurrency exchange Coinbase saw its long-term issuer credit rating downgraded from BB+ to BB status by rating agency S&P Global following its latest earnings report this year. The agency confirmed the downgrade in a note on Thursday, pointing toward…

# Institutional staking won’t take off unless asset lock-up solved: Coinbase CFO

Admin4 years ago04 mins

” Institutional staking won’t take off unless asset lock-up solved: Coinbase CFO “ Institutional staking of crypto assets, including the post-Merge Ethereum, could become a “phenomenon” in the future, but not while their assets still need to be “locked up.” Speaking during a Q2 earnings call on Aug. 9, Chief Financial Officer (CFO) Alesia Haas…

# Coinbase posts .1B loss in Q2 on ‘fast and furious’ crypto downturn

# Coinbase posts $1.1B loss in Q2 on ‘fast and furious’ crypto downturn

Admin4 years ago05 mins

” Coinbase posts $1.1B loss in Q2 on ‘fast and furious’ crypto downturn “ Crypto exchange giant Coinbase has cited a “fast and furious” downturn of the crypto markets as the reasons behind a staggering $1.1 billion net loss in the second quarter of 2022, which also saw trading volume and transaction revenue tumbling. It’s…

# Two more lawsuits for Coinbase: Law decoded, Aug. 1–8

Admin4 years ago05 mins

” Two more lawsuits for Coinbase: Law decoded, Aug. 1–8 “ The Coinbase drama, which started at the end of July, continues with new developments. Last week, former Coinbase Global product manager Ishan Wahi pleaded not guilty to two counts of wire fraud conspiracy and two counts of wire fraud in a Manhattan federal court….

# FTX, Bybit rise in web traffic despite overall traffic drop on CEXs

Admin4 years ago06 mins

” FTX, Bybit rise in web traffic despite overall traffic drop on CEXs “ The ongoing cryptocurrency winter has triggered an overall decline in interest in centralized crypto exchanges (CEX), but some crypto trading platforms have seen a rise in website traffic. A few major global crypto exchanges, including Sam Bankman-Fried’s FTX, have experienced a…

# 2 metrics signal the .1T crypto market cap resistance will hold

# 2 metrics signal the $1.1T crypto market cap resistance will hold

Admin4 years ago06 mins

” 2 metrics signal the $1.1T crypto market cap resistance will hold “ Cryptocurrencies have failed to break the $1.1 trillion market capitalization resistance, which has been holding strong for the past 54 days. The two leading coins held back the market as Bitcoin (BTC) lost 2.5% and Ether (ETH) retraced 1% over the past…

#’Never take advice from Jim Cramer!’ CNBC host dragged over Coinbase tip

Admin4 years ago04 mins

“‘Never take advice from Jim Cramer!’ CNBC host dragged over Coinbase tip” Jim Cramer was the target of ire on social media on Friday after crypto trader Coinbase’s stock shot up just a week after the CNBC finance guru warned of an SEC probe into the company. On July 26, Cramer tweeted: “The Coinbase roll…

# Coinbase hit with 2 fresh lawsuits amid SEC probe

Admin4 years ago04 mins

” Coinbase hit with 2 fresh lawsuits amid SEC probe “ Coinbase is now facing increased scrutiny from regulators, with the company now becoming the target of multiple lawsuits. The San Francisco-based cryptocurrency exchange, which is presently being investigated by the United States Securities and Exchanges Commission (SEC), now faces two additional legal claims from…