Cryptocurrency exchange Coinbase is acquiring a minority stake in Circle Internet Financial, dissolving their partnership and bringing the stablecoin USD Coin fully in-house, while also adding native support for USDC on six additional blockchains, bringing the total to 15.
Coinbase's new Base blockchain, which operates as a layer-2 network atop Ethereum, has gained significant traction with its application Friend.tech attracting over 100,000 users and generating $25 million in fees, pushing its total value locked past $200 million and its transactions per second above Ethereum and rival layer-2 projects Arbitrum and Optimism.
Cryptocurrencies, including Bitcoin and Ethereum, experienced a rise in value as investors anticipated the Federal Reserve's annual meeting and Bitcoin attempted to reach $30,000.
Coinbase is in talks with major Canadian banks to gain support for the crypto industry in Canada as it faces regulatory uncertainty in its home country, aiming to have the banks participate in the crypto economy in the near future.
Robinhood holds over $3.2 billion worth of bitcoin in a single wallet, making it the third-largest bitcoin holder globally, behind Binance and Bitfinex.
Coinbase's stock experienced a significant surge after a federal judge ruled in favor of Grayscale in their SEC dispute, leading to hopes of a potential Bitcoin ETF and increasing the value of COIN by over 15%.
Deep-pocketed Bitcoin holders have accumulated over $1 billion worth of BTC in the last two weeks, while the number of investors holding at least 10 BTC has reached a three-year high; the growth in market caps of the top six stablecoins suggests a potential reversal in the crypto market.
Bitcoin is expected to become a larger portion of global wealth as individuals allocate a higher percentage of their net worth to the digital asset, according to macro expert Lyn Alden.
Cryptocurrency exchange Coinbase has increased its debt buyback offer to $180 million, with $50 million in tendered notes already accepted for purchase, as it aims to repurchase its 2031 senior notes.
Coinbase has launched a crypto lending service for institutional investors in the US, aiming to capitalize on failures in the crypto lending market.
The world currently has six Bitcoin billionaires and 22 billionaires with holdings in multiple cryptocurrencies, according to a report by Henley & Partners, which also reveals that there are 88,200 individuals worldwide who hold over $1 million in cryptocurrencies.
Grayscale Bitcoin Trust, the second-largest BTC entity globally, holds over $16 billion worth of Bitcoin across more than 1,750 addresses, according to blockchain analytics firm Arkham Intelligence.
The lack of clear crypto regulations in the US has caused significant issues for the industry, leading to collapses and a weakening of America's position as a financial hub, according to Coinbase CEO Brian Armstrong. He emphasizes the need for clear rules that recognize the innovation potential of the technology while protecting consumers. Armstrong also highlights the potential benefits of Bitcoin exchange-traded funds (ETFs) and Coinbase's role as custodian in many ETF applications.
Coinbase has reportedly earned a $1 million profit from the $73 million Curve exploit in July, but has refused to refund victims, highlighting the tension between the decentralized nature of blockchain finance and the lack of recourse for crypto theft.
Coinbase's Layer 2 network, Base, reached a new milestone with 1.88 million transactions in a day, surpassing competitors like Arbitrum and Optimism, driven primarily by the success of the decentralized application Friend.Tech.
Bitcoin (BTC) surpasses $27,000, while ether (ETH) holds support levels, but interest-rate decisions this week may bring downward pressure; overall market capitalization grows just 0.4% in the past 24 hours.
Coin Metrics' latest report shows that Coinbase's revenues have diversified away from trading fees, now accounting for 77% of total revenues, as other business lines like subscription fees and wallet services contribute an increasing share. However, Coinbase's growth is limited due to its high trading fees and dependence on the U.S. market, making its future uncertain.
Bitcoin (BTC) held steady at $27,000 as investors awaited the Federal Reserve's decision on interest rates, with expectations of rates staying at current levels but potential short-term volatility.
Coinbase, the U.S. cryptocurrency exchange operator, may invest more elsewhere if the U.S. cannot get crypto regulation right, raising questions about whether the U.S. is still the primary hub for crypto innovation and development.
Coinbase is looking to diversify its revenues, but for now, it remains heavily reliant on Bitcoin trading.
Crypto analyst Nicholas Merten predicts a significant contraction in the total market capitalization of Bitcoin and other digital currencies, with Bitcoin potentially facing a plunge of over 43% and stabilizing between $15,000 and $16,000 as the market potentially finds a foothold around the $650 billion cap.
Crypto exchange Coinbase has registered with the central bank of Spain, making it mandatory for the company to comply with anti-money laundering standards and paving the way for implementation of the European Union's MiCA regulation in 2024.
Coinbase's blockchain, Base, has quickly become a major player in the Ethereum-based layer-2 chain space, hosting numerous decentralized projects and seeing a high volume of transactions and new addresses, with the goal of bringing a billion users on-chain within this decade. The company aims to drive mainstream adoption by reducing costs, improving user experience, and developing better identity infrastructure, and believes that blockchain technology is moving from a speculative phase to one focused on utility for everyday people.
Coinbase is leading a major lobbying effort in Washington D.C. to garner support for new regulations in the cryptocurrency industry.
Crypto exchange Coinbase has received approval from the Bermuda Monetary Authority to offer perpetual futures contracts to non-U.S. retail customers, a move that aligns with its strategy to collaborate with regulatory authorities and shape the global legal framework for cryptocurrencies.
Bitcoin (BTC) reaches over $28,000, its highest price in over a month, driven by optimism about ETFs and seasonal trends, while other cryptocurrencies like ether (ETH) and Solana's SOL tokens also experience gains.
Bitcoin surged to a two-month high, reaching $28,451, and crypto-related stocks, including Coinbase and Riot Platforms, also saw significant gains.
Large Bitcoin holders have been accumulating the cryptocurrency since September, leading to predictions of a return to the $30,000 price level, although some analysts disagree with this analysis.
Bitcoin (BTC) holds steady at $27,500 as attention shifts to the volatile U.S. dollar, with market observers identifying $27,000 as a key support level for BTC price.
Bitcoin Cash miners have sold 250,000 coins this week, worth approximately $57.5 million, contributing to an 8% decline in the cryptocurrency's price, while whales holding significant amounts of BCH have remained positive despite the drop.
Deep-pocketed crypto investors are moving hundreds of millions of dollars worth of Bitcoin and other digital assets to Coinbase and unknown wallets, according to data from whale-surveying platform Whale Alert.
Coinbase, the top US crypto exchange, is focusing on international markets due to regulatory uncertainty in the US and aims to bring a billion people into crypto.
Cryptocurrency investment products experienced inflows of $78 million for the second consecutive week, with volumes of crypto exchange-traded products reaching $1.1 billion and Bitcoin volumes rising by 16%, according to CoinShares.
Crypto investments surged by $78 million, with Bitcoin and Solana leading the way, according to CoinShares' latest investment report. Bitcoin received $43 million in inflows, while Solana experienced its largest weekly inflow since March 2022.
Crypto investors have moved over $500 million worth of Bitcoin, Ethereum, and other digital assets to cryptocurrency exchanges and unknown wallets, according to data from Whale Alert.
High-profile cryptocurrency investors, known as "whales," have transferred a significant amount of Bitcoin, Ethereum, Shiba Inu, and XRP, totaling $511 million, with transactions taking place between Coinbase, anonymous wallets, and various crypto exchange platforms.
The US government is estimated to hold over 200,000 BTC, worth more than $5 billion, making them one of the largest Bitcoin holders despite previous sales of millions of dollars' worth of BTC earlier this year.
The United States government holds around 200,000 BTC, worth around $5.4 billion, seized from cybercriminals, but it appears to have no urgency to liquidate its holdings and participates in the unintentional role of a lazy hodler, with the process of converting Bitcoin into dollars being slow and dictated by legal proceedings.
According to data analytics firm CryptoQuant, the approval of bitcoin spot exchange-traded funds (ETFs) could lead to bitcoin becoming a $900 billion asset and the total crypto market growing by $1 trillion, with the potential inflow from ETFs being larger than that of the Grayscale Bitcoin Trust (GBTC) in the last bull market cycle. This scenario could push bitcoin's price to between $50,000 and $73,000, and historically, for every $1 of fresh money entering the bitcoin market, the market capitalization could increase by $3-$5.
The United Kingdom has become the largest cryptocurrency economy in Central, Northern, and Western Europe, and ranks third globally in terms of transaction volume, receiving an estimated $252.1 billion in cryptocurrency transactions in the past year.
The US government holds over 194,000 BTC, valued at more than $5.5 billion, making it one of the largest Bitcoin whales globally.
According to estimates, if the price of Bitcoin reaches $100,000 in 2025, Satoshi Nakamoto's 1.1 million BTC could be worth $110 billion, potentially making him one of the richest individuals in the world.
The US government holds over $5.5 billion worth of bitcoin, and its decision to hold or sell the cryptocurrency could greatly influence its price.
