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Coinbase Active Users Increase By 120%

Crypto News Point

May 17, 2021
2 min

Coinbase Active Users Increase By 120%

The active users of Coinbase, the major cryptocurrency exchange, have increased by 120%, while trade volumes tripled. It has been reported according to documents filed with the US Securities and Exchange Commission that Coinbase generated earnings of $3.05 per share and total revenues of $1.8 billion. However, the firm fell slightly short of its expected $3.07 per share. The company generated $585 million in revenue amid Bitcoin’s (BTC) rally into new all-time highs (ATH) dur

Wedding Bells Knock The Ethereum Blockchain As A Californian Couple Exchange Tokenized Rings

Crypto News Point

Apr 6, 2021
2 min

Wedding Bells Knock The Ethereum Blockchain As A Californian Couple Exchange Tokenized Rings

The Californian Couple has further propelled the use case of blockchain’s immutability characteristic, hence immortalizing their marriage on the Ethereum blockchain. The Coinbase employees, Rebecca Rose and Peter Kacherginsky have shared their story of using Ethereum’s blockchain to lock the knots, hence become lawfully wedded. On April 3, Rose posted to Twitter to announce that the pair had tied the knot on March 14. Most people get married in a place of religious worship, o

Coinbase Registers 114,850,769 Shares Of Class A Common Stock For Direct Listing On Nasdaq Stock Exc

Crypto News Point

Mar 19, 2021
1 min

Coinbase Registers 114,850,769 Shares Of Class A Common Stock For Direct Listing On Nasdaq Stock Exc

Coinbase, the cryptocurrency exchange, has registered 114,850,769 shares of Class A common stock for a direct listing on the Nasdaq stock exchange, as per an amended S-1 filing with the United States Securities and Exchange Commission. It has been reported by Coinbase that its intention to launch an initial public offering (IPO) back in December 2020 when it first filed registration forms with the SEC. However, by early March, the pre-market private trading price of the share

Messari: The Amount Of Crypto Assets Stored In Custody On Coinbase Surged In The Last Quarter Of 202

Crypto News Point

Mar 4, 2021
2 min

Messari: The Amount Of Crypto Assets Stored In Custody On Coinbase Surged In The Last Quarter Of 202

Messari, the crypto data aggregator, has reported that the number of crypto assets stored in custody on Coinbase surged in the last quarter of 2020. It has been reported that Messari has revealed that as much as 11% of the entire crypto market capitalization was held with Coinbase custody at the end of 2020. Coinbase offers custody services for over 90 crypto assets, around half of which are tradable on Coinbase’s exchange. However, the value of assets custodied with Coinbase

Coinbase Is Facing Another Challenge On The Platform

Crypto News Point

Jan 30, 2021
2 min

Coinbase Is Facing Another Challenge On The Platform

On the website, Coinbase customers earlier revealed experiencing challenges In periods of heavy traffic, Coinbase and its trading site, Coinbase Pro, have a record of suffering outages and other problems. After suffering massive outages again, Coinbase appears to be online. The Elon Musk effect may have been the reason behind a surge in traffic to the trading platform. https://t.co/iWcm3r5VQz — Cointelegraph (@Cointelegraph) January 30, 2021 While people complained about iss

Coinbase Announces New Platform To Help Issuers List Their Assets More Efficiently

Crypto News Point

Jan 15, 2021
2 min

Coinbase Announces New Platform To Help Issuers List Their Assets More Efficiently

Coinbase, the major cryptocurrency exchange, has announced a new platform to help issuers list their assets more efficiently and without having to go through the inconvenient listing process employed by the firm. Surojit Chatterjee, the CTO of Coinbase, said that Coinbase Asset Hub is a “simple, streamlined product for issuers to list their assets and business” with the exchange. He added: “The goal is a single interface at Coinbase for digital asset issuers to manage the ful

Coinbase Acquires The Routefire Platform For Enhanced Trade Execution

Crypto News Point

Jan 9, 2021
1 min

Coinbase Acquires The Routefire Platform For Enhanced Trade Execution

Coinbase, the major cryptocurrency exchange, has acquired the Routefire platform for enhanced trade execution. It has been reported that Jason Victor, the CEO of Routefire, announced that the team would now be developing its execution services for Coinbase while thanking users for their support over the last three years. However, Routefire started in late 2017 with a mission to enhance trading infrastructure in the crypto market. They developed products that allow traders to

Coinbase: 15-Day Notice-And-Comment Period For FinCEN’s New Crypto Rules Is Not Enough

Crypto News Point

Dec 23, 2020
2 min

Coinbase: 15-Day Notice-And-Comment Period For FinCEN’s New Crypto Rules Is Not Enough

Coinbase, the US-based cryptocurrency exchange, said that a 15-day notice-and-comment period for Treasury’s Financial Crimes Enforcement Network (FinCEN’s) new crypto rules is not enough. It has been reported that Paul Grewal, the Chief Legal Officer of Coinbase, addressed in a blog post that FinCEN’s newly released rulemaking regarding self-hosted crypto wallets, as the blog post represents an open letter to Kenneth Blanco, the Director of FinCEN. However, in the letter, Gre

Dai Reaches A Price Of $1.3 On Uniswap And Coinbase, Used By Compound’s Oracles

Crypto News Point

Nov 30, 2020
2 min

Dai Reaches A Price Of $1.3 On Uniswap And Coinbase, Used By Compound’s Oracles

Dai reached a price of $1.3 on Uniswap and Coinbase, the two exchanges used by Compound’s oracles, as the crypto market suffered a powerful crash on November 26, which sent prices of major currencies such as Bitcoin and Ether tumbling in excess of 10%. It has been reported that when traders rush for the exits, the price of stablecoins generally increases as the demand for stability rises. However, the effect became particularly pronounced on Dai, which briefly traded for $1.3

Former Coinbase Executive Receives Letter From Multiple Members Of Congress, Expresses Concerns Over

Crypto News Point

Nov 13, 2020
2 min

Former Coinbase Executive Receives Letter From Multiple Members Of Congress, Expresses Concerns Over

Brian Brooks, the former Coinbase executive turned leader of the US Office of the Comptroller of the Currency (OCC), recently received a letter from multiple members of Congress expressing concerns over his crypto-heavy leadership. It has been reported that the letter, from Stephen Lynch and Rashida Tlaib, two congresspeople for Massachusetts and Michigan, also holds signatures from Jesús García, Deb Haaland, Barbara Lee, and Ayanna Pressley, representatives from Illinois, Ne

Coinbase Announces The Appointment Of Former Google Senior Legal Director As Deputy General Counsel

Crypto News Point

Nov 4, 2020
2 min

Coinbase Announces The Appointment Of Former Google Senior Legal Director As Deputy General Counsel

Coinbase Inc. announced the appointment of Milana McCullagh, the former Google Senior Legal Director, as deputy general counsel for product and commercial legal. It has been reported that McCullagh, who worked for more than 13 years at Google, will work across functions at Coinbase on product legal support, helping the firm to streamline legal compliance for new product launches. However, McCullagh’s appointment is part of both a Coinbase campaign to attract legal talent that

Coinbase Reveals Faster Way For Its Customers To Move Digital Currencies Out Of Crypto And Into Thei

Crypto News Point

Oct 6, 2020
1 min

Coinbase Reveals Faster Way For Its Customers To Move Digital Currencies Out Of Crypto And Into Thei

Coinbase, the US-based cryptocurrency exchange, has revealed a faster way for its customers to move digital currencies out of crypto and into their bank accounts. It has been reported that the exchange now allows 40 different countries faster cash withdrawals. The report stated: “Customers in the U.S., U.K. and Europe can withdraw funds with a linked Visa debit card. In the U.S., customers will be able to also withdraw funds with their Mastercard.” However, this fresh feature

New Trojan “Alien” Attacks Crypto Apps On Android Phones

Crypto News Point

Sep 26, 2020
1 min

New Trojan “Alien” Attacks Crypto Apps On Android Phones

A new trojan, named Alien, has attacked attacking crypto apps on Android phones, including Coinbase, Blockchain.com, and Luno, as this new malware strain is based on the Cerberus trojan, which wreaked havoc in the Google Play store until the team responsible became complacent. It has been reported that Alien targets 226 Android apps, mostly geared toward the banking industry. In addition to stealing user credentials, the malware can install and remove applications from the in

Coinbase Offers Crypto Customers 2% Interest For Their Dai Holdings

Crypto News Point

Jul 30, 2020
1 min

Coinbase Offers Crypto Customers 2% Interest For Their Dai Holdings

Coinbase, the US-based cryptocurrency exchange, is now offering crypto customers 2% interest for their Dai holdings. On July 29, it has been reported that Dai (DAI) holders in the United States, UK, Netherlands, Spain, France, and Australia are now eligible to earn a 2% annual percentage yield (APY) through its new program Dai Rewards. However, Coinbase said that it would distribute payments daily to customers with at least $1 of Dai in their accounts, with initial rewards pa

Former US Magistrate Judge, Paul Grewal Joins Coinbase As Chief Legal Officer

Crypto News Point

Jul 10, 2020
2 min

Former US Magistrate Judge, Paul Grewal Joins Coinbase As Chief Legal Officer

Paul Grewal, a former US magistrate judge in California is joining the legal team of leading global crypto exchange, Coinbase. On July 8, 2020, an announcement was made by Coinbase on their official blog stating that the addition of Grewal will help “pave the way for the next phase of crypto awareness and adoption.” Paul Grewal joins Coinbase from Facebook, where he served as Vice President and Deputy General Counsel. Prior to Facebook, Paul spent more than 5 years as the US

The Best Of Cryptocurrency Custody Solutions

Crypto News Point

Jun 21, 2020
3 min

The Best Of Cryptocurrency Custody Solutions

To make digital currency investing more accessible and secure for large investors, several cryptocurrency custody platforms have launched in the recent years, each providing the best of its services. A question that concerns every crypto investor who has invested a huge amount is on ‘how to store their funds safely and securely?’. Numerous reports of having even the most secured of wallets being hacked or lost have birthed to services offering additional security. Custody pla

Coinbase Acquires Tagomi To Evolve Strategy For Institutional Investors

Crypto News Point

May 28, 2020
2 min

Coinbase Acquires Tagomi To Evolve Strategy For Institutional Investors

Coinbase, the major cryptocurrency exchange, has acquired Tagomi, the prime cryptocurrency brokerage, to evolve a strategy for institutional investors. On May 27, it has been reported in an announcement that the exchange claimed the acquisition agreement came at “an inflection point in the industry,” a moment when increasing numbers of hedge fund and macro investors are venturing into the crypto space. However, Coinbase stated that the exchange has seen a “swell in demand” fo

Coinbase CEO: Company Leaders Are Avoiding Mainstream Journalists By Speaking Directly To Audiences

Crypto News Point

May 23, 2020
2 min

Coinbase CEO: Company Leaders Are Avoiding Mainstream Journalists By Speaking Directly To Audiences

Brian Armstrong, the CEO of Coinbase, who prefers writing a blog to answer questions from mainstream journalists, says that company leaders are increasingly avoiding mainstream journalists by speaking directly to audiences on unmediated social media platforms. In a May 22 Twitter thread, Armstrong asserted: “Our customers are on YouTube/podcasts/social media — not reading mainstream media.” Trend I'm noticing: most execs/CEOs don't want to speak with mainstream media as much

Crypto News Point

May 16, 2020
2 min

Libra Association Adds First State-Owned Entity As Its New Member, Singapore’s Temasek

Temasek, one of Singapore’s government owned firm is among the latest companies to join the Libra Association. We’re pleased to join @Libra_ as a member. Looking forward to the potential of this #blockchain-based digital currency, and how it can help create a regulated global network for cost effective retail payments! https://t.co/E024DCgdqN — Temasek (@Temasek) May 15, 2020 Chia Song Hwee, deputy CEO of Temasek, said through a spokesperson: “Our participation in the Libra

JPMorgan Takes On Coinbase and Gemini As Its First Crypto Clients

Crypto News Point

May 13, 2020
1 min

JPMorgan Takes On Coinbase and Gemini As Its First Crypto Clients

JPMorgan Chase has reportedly taken on U.S. cryptocurrency exchanges Coinbase and Gemini as customers. On May 12 a report from the Wall Street Journal highlighted that the move is the first time the banking giant has served clients from the crypto industry. JPMorgan Chase has taken on two bitcoin exchanges, Coinbase and Gemini Trust, as banking customers, the first time it has accepted cryptocurrency clients https://t.co/NgbDpwAYEH — The Wall Street Journal (@WSJ) May 12, 20

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