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” Coinbase CEO says funds are safe amid bankruptcy protection fears “ Following the Coinbase report where the company declared its losses, a disclosure that suggests that users are not protected in the case of bankruptcy has been gaining traction on social media. However, Coinbase CEO Brian Armstrong explained that funds are safe “as they’ve…
“Coinbase warns customers they may lose crypto if company goes bankrupt” Coinbase spooked customers with an admission that their crypto holdings could be at risk if the company goes bankrupt – a warning that surfaced alongside a dismal earnings report that crushed the cryptocurrency hub’s stock on Wednesday. Shares plunged more than 27% Wednesday after…
” Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO “ Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface (UPI), the most popular payment service in the region. Coinbase CEO Brian Armstrong later revealed that the service disruption was due to an “informal…
” Coinbase CEO has ‘never been more bullish’ even after $430M Q1 loss “ Cryptocurrency exchange Coinbase has disclosed its first net loss as a public company of $430 million in Q1, but CEO Brian Armstrong said on an earnings call that he’s “never been more bullish on where we are as a company.” In…
” Crypto Biz: The real reason crypto hodlers should care about the Federal Reserve, April 28–May 4, 2022 “ Wall Street’s slow embrace of crypto means we all have to start watching the Federal Reserve again. Cointelegraph parsed through the latest Federal Open Market Committee (FOMC) policy statement on Wednesday to try and uncover some…
” Tumbleweeds blow through Coinbase NFT on its first day: Just $75K in volume “ Coinbase, one of the largest crypto exchanges by volume, opened its beta non-fungible token (NFT) marketplace to the public on May 4 with on-chain data showing a maximum of 150 total transactions on the day and $75,000 in USD volume….
” Nifty News: Louis Vuitton and Johnnie Walker dabble in Web3 “ This week’s Nifty News sees the arrival of Louis Vuitton to the nonfungible token (NFT) gaming scene, Johnnie Walker’s entry into Web3 and Elon Musk’s apparent embrace of Bored Ape Yacht Club. Louis Vuitton makes its mark in the NFT gaming scene To commemorate…
” Coinbase’s plans to purchase firm behind Mercado Bitcoin fall through: Report “ Coinbase and Brazilian company 2TM, the parent company of Mercado Bitcoin, have reportedly scrapped talks around the crypto exchange purchasing the firm. According to a Tuesday Bloomberg report, 2TM and Coinbase have ended discussions around the United States-based crypto exchange buying the…
” Ethereum eyes mini breakout above $3K as Coinbase ETH outflows hit new record “ Ethereum’s native token Ether (ETH) is poised for a mini bull run above $3,000 primarily due to a classic bullish reversal pattern on its shorter-timeframe chart, and a huge spike in ETH outflows from Coinbase. ETH price forming falling wedge…
” Coinbase took out the first Bitcoin-backed loan from Goldman Sachs “ America’s largest crypto exchange Coinbase has been revealed as the mystery firm that took out Wall Street’s first Bitcoin-backed loan from Goldman Sachs. Goldman Sachs has $2.5 trillion assets under management as of 2021. Bloomberg reported on Tuesday that the Bitcoin-backed loan issued…