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“#Coinbase stock jumps on better-than-expected Q2 earnings” Shares of crypto exchange Coinbase rose 7 percent Wednesday morning after the company reported better-than-expected second quarter profits. The digital coin exchange late Tuesday reported $1.6 billion in net profit for the quarter, representing earnings per share of $3.45. That eclipsed Wall Street’s expectations of $2.33 per share. …
“# Coinbase removes ‘backed by US dollars’ claim for USDC stablecoin ” USD Coin (USDC), Circle’s dollar-pegged stablecoin, seemingly lost one of its biggest competitive advantages over its rival, Tether (USDT). Major crypto exchange Coinbase made an important change on the USD Coin page on its website following an audit which revealed that not all…
“# Coinbase’s Q2 profits top $1.6B as ETH volume surpasses BTC’s for the first time ” Coinbase generated $2.23 billion of revenue for the second quarter of 2021, as Ethereum (ETH) trading volume surpassed Bitcoin (BTC) for the first time on the platform. Coinbase posted its Q2 report on Aug. 10 and the crypto exchange’s…
“# Exchange listings and NFT boom lift IoTeX, Rally and Axie Infinity price ” Tuesday started with a bang after Poly Network was hacked for $610 million in funds in what appears to be the worst hack in the history of decentralized finance and the price of Bitcoin (BTC) dropped by by 2% to trade…
“# Coinbase’s capital markets head reportedly leaves company ” Brett Redfearn, the former director of the division of trading and markets at the United States Securities and Exchange Commission (SEC), has reportedly left his position at Coinbase after less than five months. According to a Wall Street Journal report, Redfearn resigned as the head of…
“# Deutsche Telekom to store Celo tokens on Coinbase Custody ” Coinbase Custody, the crypto custodial solution offered by United States exchange giant Coinbase, has been chosen by Deutsche Telekom to store its Celo tokens. According to a release issued on Monday, the telecoms giant identified the robust security protocols offered by Coinbase Custody as…
“# The biggest challenge for crypto exchanges is global price fragmentation ” It’s no secret that Coinbase has played an instrumental role in bringing new users into the crypto space. Coinbase’s friendly onboarding process and status as a publicly traded company allow it to appear as a more traditional investment platform to non-crypto savvy investors,…
“# Altcoin Roundup: Hodling Ethereum? Here’s how and where to stake your ETH ” The overall feel across the cryptocurrency landscape over the past week has been one of bubbling anticipation, with the Ethereum network finally undergoing its London hard fork, which includes reforms to the transaction fee market, thanks to EIP-1559. London is the…
“# Coinbase users can now buy crypto with Apple Pay ” Crypto exchange Coinbase announced on Thursday that users can now use Apple Pay to purchase crypto assets on its platform, with Google Pay integration to follow. “Today we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay…
“# Coinbase CEO Brian Armstrong says proposed crypto tax rule makes no sense ” Coinbase CEO Brian Armstrong is the latest crypto figure to come out against the wording of the proposed changes to cryptocurrency taxation in America. Tweeting on Wednesday, Armstrong stated that the provisions included in the crypto taxation proposal could have a…