Coinbase pauses USDC to USD for the weekend – Puts investors in worry

Coinbase temporarily pausing USDC:USD conversions over the weekend possibly due to its Circle’s Silicon Valley bank exposure USDC was one of the most trusted stablecoin and with Circle’s undisclosed exposure puts investors at risk. With no prior warning, Coinbase decided…

New Survey Shows 20% of Americans Own Cryptocurrency, With Bitcoin Leading the Way

Coinbase, one of the largest cryptocurrency exchanges in the world, recently conducted a national survey of 2,000 American adults to gauge the adoption and perception of cryptocurrencies in the United States. The results of the survey suggest that cryptocurrency ownership…

Currency Financial System doesn’t work for everyone – Coinbase CEO

Brian Armstrong, the co-founder and CEO of Coinbase, recently published an op-ed on CNBC titled “Offshoring Crypto Hurts the Financial System and America’s Geopolitical Standing”. In the op-ed, Armstrong raises the question of whether policymakers should enact real legislation in…

Voyager received more than 100M$ USDC from Coinbase in the past 3 days – Lookonchain

Voyager is selling its crypto assets thought Coinbase USDC as suggested by onchain data from Lookonchain. On July 5th, 2022, Voyager Digital Holdings, Inc. and two related debtors voluntarily submitted petitions for Chapter 11 bankruptcy protection under the U.S. Bankruptcy…

ARK Funds invest over $13 million in COIN stock, led by Cathie Wood

As per Cathie’s ARK’s daily investors update revealed that on Wednesday the 22nd, they acquired 213,519 shares of COIN (Coinbase) stock across their funds, with a total value of over $13 million based on the closing price of 61.18. The…

Coinbase Sets Ambitious Goal of One Billion Users, Shifts Focus to Regulation

Coinbase, one of the world’s largest cryptocurrency exchanges, has set its sights on achieving one billion users in the coming years. In order to do so, the company’s CEO, Brian Armstrong, has announced that his focus for 2023 will be…

Ark Invest Pumps up their Coinbase Stocks by $16 million, Degens Love It

Institutional investors are gradually warming up to cryptocurrencies, and Cathie Wood‘s Ark Invest’s recent acquisition of Coinbase stocks is the latest example of this trend. According to recent reports, Ark Invest acquired almost $16 million worth of Coinbase stocks in…

Former Coinbase Executive Admits to Insider Trading Scheme

A former product manager of Coinbase Global Inc., Ishan Wahi, pleaded guilty in what is being considered the first-ever insider trading case related to cryptocurrency. The 32-year-old appeared in a federal court in Manhattan and pleaded guilty to two counts…

Is USDC the Most Promising Regulatory-compliant Stablecoin?

The cryptocurrency space has its share of bad actors. This is one of the reasons a lot of investors are having second thoughts about dipping their toes in digital assets. Circle’s USDC stablecoin is being marketed as one of the…

Coinbase CEO Wants the Crypto Industry Regulated to Protect Investors

On December 20, Brian Armstrong, the CEO of Coinbase, outlined a plan for regulating centralized entities in the cryptocurrency industry while safeguarding decentralized ideas. Centralized Exchanges Prone to Harm According to Armstrong, the best thing for the sector would be…