Nassim Taleb, author of the best-selling book The Black Swan, believes Coinbase, the biggest cryptocurrency exchange in the US, is “worthless.” In a recent tweet, Taleb said that Coinbase has negative cash flow, meaning it has more outgoing than incoming money, a “grisly” future even if the cryptocurrency industry somehow manages to recover, and its owners have…
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According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse. Coinbase Co-Founder Shares Company’s Q3 Shareholder Letter — Says as of Sept. 30,…
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The Bitcoin balance of Binance, the world’s largest cryptocurrency exchange, has risen significantly over the past month following the collapse of FTX, with total holdings now nearing 600,000 BTC. According to data by crypto analytics platform Coinglass, Binance currently holds over 575,000 BTC coins, having added more than 137,011 coins just over the past week and a…
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While there’s been a lot of discussions concerning proof-of-reserves, self-custody, and the more than $5 billion in bitcoin and ethereum that left exchanges between Nov. 7 through Nov. 14, 2022, Binance’s bitcoin stash has grown significantly since Nov. 12. In fact, metrics from cryptoquant.com indicate that Binance’s bitcoin reserves reached an all-time high on Nov.…
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Coinbase has debunked claims made by news outlet the Wall Street Journal (WSJ), which reported that despite claiming not to do so, Coinbase engaged in proprietary trading that could potentially conflict with the interest of its customers. … Read More: Has Coinbase Been Trading Against its Own Customers After Promising it Doesn’t do that? Read more…
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Coinbase Pro users are ostensibly not content with the service’s discontinuation, expressing concerns that the new platform might not offer similar fee advantages. Major crypto exchange Coinbase announced that it plans to sunset Coinbase Pro, its advanced, trader-focused service that exists independently and offers lower fees to traders who interact directly with the Coinbase…
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A class-action lawsuit has been filed against the Nasdaq-listed cryptocurrency exchange Coinbase alleging that the platform lets customers trade 79 cryptocurrencies that are unregistered securities, including XRP, dogecoin (DOGE), and shiba inu (SHIB). Lawsuit Claims Coinbase Sold 79 Unregistered Crypto Securities to Customers A class-action lawsuit was filed last week against Coinbase Global Inc., Coinbase…
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Nonetheless, the Dogecoin-knockoff token was down by more than 80% from its record high of $0.00005. Shiba Inu (SHIB) crept up Friday as traders assessed its addition on Coinbase, one of the world’s leading crypto exchanges. The SHIB/USDT exchange rate jumped up to 16.42% to $0.00000950 for the first time since June 29, 2021. The…
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The stablecoin giant tether is by far the largest dollar-pegged crypto asset in the crypto economy and today, the number of tethers in circulation is nearing $70 billion. 90 days ago on June 12, 2021, the number of tethers in circulation was around 63 billion tokens and the supply has swelled by 9.99% since then.…
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Professional trading platform Coinbase Pro is adding support for Orchid and will start accepting OXT deposits on Friday, Dec. 13. Major American cryptocurrency exchange Coinbase is adding support for Orchid (OXT) on its professional trading platform Coinbase Pro. According to a blog post published by Coinbase on Dec. 12, Coinbase Pro will start accepting OXT…
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