Category: Coinbase
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Coinbase recovers services following two-hour system wide outage
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Cryptocurrency exchange Coinbase said in an X post that it has restored some of its services after an outage that disrupted trading on its website and mobile app. in Share X On May 14, US-based cryptocurrency exchange Coinbase said it had restored “some services,” noting though that customers “may still…
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Coinbase Layer 2 Base Takes This Industry by Storm, Captures 46% of Transactions
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Coinbase’s second layer network – Base – has seen a return of user activity. Franklin Templeton’s latest analysis revealed that Base has received significant attention from SocialFi apps like Friend.Tech. The Friend.Tech model, which funds social interactions, has drawn attention, especially with the launch of its v2 platform and the…
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BlockFi To Shut Down Web Platform, Partners With Coinbase For Fund Distribution
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The cryptocurrency lending and borrowing scene has faced significant turmoil in recent years, with several prominent players such as Celsius, Voyager Digital, and Genesis collapsing. Amid this turbulent environment, BlockFi, a thriving name among cryptocurrency lending platforms, announced its intention to shut down its web platform and partner with leading…
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BlockFi To Shut Down Web Platform, Partners With Coinbase For Fund Distribution
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The cryptocurrency lending and borrowing scene has faced significant turmoil in recent years, with several prominent players such as Celsius, Voyager Digital, and Genesis collapsing. Amid this turbulent environment, BlockFi, a thriving name among cryptocurrency lending platforms, announced its intention to shut down its web platform and partner with leading…
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Coinbase Faces Lawsuit for Alleged Deception in Selling Unregistered Securities
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Cryptocurrency exchange Coinbase and its CEO, Brian Armstrong, are facing a new lawsuit from a group of plaintiffs from California and Florida who claim they were deceived into buying unregistered securities. This is not the first legal hurdle Coinbase faces following a lawsuit filed by the US Securities and Exchange…
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SEC’s “hostile regulatory environment” benefits Coinbase
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Matt Hogan, chief investment officer at Bitwise, believes the recent regulatory scrutiny could play into Coinbase’s favor and benefit the company in its fight against the SEC. The SEC recently issued a Wells Notice to Robinhood Crypto, indicating a potential enforcement action for securities violations. This regulatory scrutiny plays an…
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Coinbase Faces Class Action Lawsuit, Implications For Solana And 7 Other Cryptocurrencies
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The cryptocurrency scene has been rocked by a new class action lawsuit filed against leading US exchange Coinbase. the Coinbase The lawsuit alleges that the exchange has willfully and systematically violated state securities laws since its inception, with plaintiffs claiming that many of the digital assets traded on Coinbase are…
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Coinbase Q1 Revenue Hit $1.6 Billion Amid ETF Approvals, Surging 72%
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Coinbase, the largest cryptocurrency exchange in the United States, released its earnings report for the first quarter of 2024, reporting total revenue of $1.6 billion, an increase of 72% quarter-over-quarter. The performance was driven by rising crypto asset prices and the launch of spot bitcoin ETFs in the US which…
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Coinbase Rides Bitcoin ETF Wave as Profits Soar past $1B in Q1
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Coinbase released its Q1 2024 report, showcasing a massive 72% QoQ increase in total revenue to $1.6 billion. This increase was accompanied by a significant net income of $1,176 billion, representing an increase of 1,588% year over year. This figure represents a turnaround from a net loss of $79 million…
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Coinbase Adds Support for Bitcoin Lightning Network
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The largest US cryptocurrency exchange, Coinbase, has added support for the Lightning Network on its platform to enable faster and cheaper payments. according to Blog postthe Lightning Network integration on Coinbase will reduce the cost of sending Bitcoin (BTC) globally by 20 times compared to the 2% charged on credit…
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Coinbase Integrates Bitcoin Lightning for 100 Million Users
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Bitcoin and crypto exchange Coinbase has integrated Bitcoin’s Lightning Network, enabling faster and cheaper BTC transactions for its users in the United States (with the exception of New York). As the largest Bitcoin exchange globally by users, trading volume, and custody of assets, Coinbase’s adoption of Lightning is a major win…