Tag: Coinbase

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Coinbase Investor and Openai Veterans Unite to Launch Safe Superintelligence

In a significant development in the Artificial intelligence (AI) industry, Daniel Gross, known among other things for his investment in the cryptocurrency platform Coinbase, has teamed up with Ilya Sutskever, former Chief Scientist at Openai, and Daniel Levy, a former Openai employee and an expert in AI privacy, to launch a new venture. The new…
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SEC’s Crypto Enforcement Chief Departs After 9 Years

The head of the Crypto Asset and Cyber Unit at the U.S. Securities and Exchange Commission (SEC)’s Division of Enforcement has left the agency after nine years of service. Under his guidance, the SEC took many enforcement actions against crypto firms, including major crypto trading exchanges Binance and Coinbase. SEC’s Crypto Enforcement Unit Leader Departs…
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56% of Fortune 500 Firms Pursue Crypto and Blockchain Projects, Says Coinbase

A Coinbase report reveals that cryptocurrency and blockchain initiatives among Fortune 100 companies rose by 39% year-over-year, reaching a record high in Q1 2024. In addition, 56% of Fortune 500 companies are working on onchain projects. The report emphasizes the need for clear crypto regulations to retain talent and enhance U.S. leadership in crypto technology.…
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Stand With Crypto Publishes Manifesto to Make UK a Leader in Digital Assets

Stand With Crypto UK has published a manifesto outlining steps for the UK to establish itself as a global leader in fintech, digital assets, and tokenization. “We believe the next government should take meaningful steps to position the UK as a global hub of digital assets, tokenization and fintech,” said Coinbase. Stand With Crypto Publishes…
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Investors Pull Nearly $11 Billion in BTC and ETH From Major Exchanges in 30 Days

According to the latest data, from April 1 to June 1, 2024, Coinbase experienced an outflow of more than 40,000 BTC. In the past 13 days, an additional 10,889 BTC, valued at $726 million, has exited the San Francisco crypto exchange. Further analysis reveals that since May 13, approximately $7.05 billion worth of BTC has…
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Coinbase CEO Engages US Senators to Push Clear Crypto Regulations

Coinbase CEO Brian Armstrong said on Wednesday that he engaged with over a dozen senators from both Democratic and Republican parties in Washington, D.C., over the past 48 hours. The discussions focused on establishing clear regulations for the cryptocurrency industry and enhancing consumer protections. Armstrong highlighted substantial bipartisan support in the Senate for these efforts,…
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Former Coinbase Business Developer: ‘There Wasn’t a Long-Term Case for Bitcoin Payments’

Nick Tomaino, a former business developer and marketing lead at Coinbase, explained how the idea of bitcoin for payments gradually lost its relevance in the market. Tomaino detailed that Coinbase rode this premise back in 2014 to raise $125 million in two funding rounds, but it was quickly clear that there was not a case…
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Fake Crypto Airdrop: Tether’s CEO Warns Of Ongoing Supply Chain Email Exploit

Tether’s CEO Paolo Ardoino has alerted the crypto space to another wave of supply chain email scams in an X post. The CEO urged the community to exercise extreme caution while the issue is resolved. Exciting News: It’s A Scam! On Wednesday, online reports surfaced of suspicious emails being sent to the crypto community. Per…
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Coinbase Launches ‘Smart Wallets’ in Bid to Simplify Crypto Onboarding

Coinbase has introduced “smart wallets,” aimed at easing the entry into blockchain activities by eliminating complex processes and high fees associated with traditional crypto wallets. This new offering seeks to onboard over one billion users through simplified, gasless transactions and multi-chain support. Coinbase Introduces ‘Smart Wallets’ On June 5, 2024, Coinbase introduced its “smart wallets”…
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Coinbase Raises Fairshake Super PAC Fund by $25M to Push Crypto Legislation

Coinbase CEO Brian Armstrong has outlined the optimal strategy to achieve regulatory clarity for the crypto sector in the U.S. The executive emphasized the necessity of electing pro-crypto candidates, highlighting Stand With Crypto’s 900,000 advocates and their impact on key legislative votes. Armstrong also mentioned Coinbase’s recent $25 million contribution to the Fairshake Super PAC,…
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