Coinbase receives approval for futures trading in the US and the SEC is considering approving an Ethereum ETF, signaling progress in the crypto industry.
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.
FTX, a prominent cryptocurrency exchange, favored top executives with transactions that enriched them just before its downfall in 2022, according to financial statements presented to the United States Bankruptcy Court for the District of Delaware.
Coinbase Global is expanding its digital asset lending services, which could have implications for its stock and the crypto economy.
FTX, a beleaguered crypto exchange, is expected to gain approval to liquidate $3.4 billion in cryptocurrencies, potentially impacting Ethereum, Solana, and altcoins, while FTT, FTX's proprietary token, raises concerns due to limited liquidity and market depth.
Crypto exchange FTX has been given approval by a U.S. Bankruptcy Court to sell and invest its holdings of cryptocurrency, which are valued at over $3.4 billion, in order to repay its creditors.
Coinbase's layer 2 blockchain Base has achieved a record-high number of daily transactions driven by the decentralized social network platform Friend.tech, while the sale of tokens held by bankrupt exchange FTX will not cause a market shock due to controlled liquidations, according to Coinbase.
FTX's upcoming liquidations are unlikely to flood the market, according to Coinbase's head of institutional research, with strict controls in place and a vesting schedule for certain tokens.
Coinbase, Crypto.com, and Trek Labs all attempted to acquire FTX's European branch, but Coinbase failed in its attempts to acquire the bankrupt exchange both times.
Coinbase is looking to diversify its revenues, but for now, it remains heavily reliant on Bitcoin trading.
Coinbase registers with Spain's central bank for crypto services, FTX founder requests temporary release from jail, and JPMorgan CEO warns of the potential negative impact of rising U.S. interest rates.
Coinbase International Exchange, the Bermuda-based subsidiary of Coinbase, has received regulatory approval to offer perpetual futures trading to non-US retail customers, providing them access to the derivatives market dominated by institutions.
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.
The co-founder of FTX, a bankrupt digital asset exchange, revealed that its sister firm, Alameda, had been using billions of dollars of FTX customer assets for trading purposes since 2019, leading to accusations of fraud and mishandling of customer funds.
Bankrupt crypto exchange FTX used customer funds to repurchase its stake held by competitor exchange Binance, according to court hearing testimony, with over $1 billion coming from customer deposits.
