Meitu chief financial officer Gary Ngan said the firm would have faced difficulties acquiring crypto on its own as a listed company. Crypto exchange Coinbase’s institutional custody platform helped execute the purchase and custodying of roughly $90 million of Bitcoin and Ether for Chinese tech company Meitu. In a blog from Coinbase today, the United…
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Brian Armstrong compares Coinbase to Amazon in the early days in terms of innovations that will benefit customers. The CEO of U.S. crypto exchange Coinbase Brian Armstrong has apologized for poor customer support and revealed the company could integrate with DeFi protocols in a comprehensive Ask Me Anything session on Reddit. The Reddit AMA (Ask…
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Pro traders and analysts view Bitcoin’s dip below $54,000 as another bullish buy-the-dip opportunity. On March 23 bears managed to push the price of Bitcoin (BTC) below the $54,000 support level as various on-chain data suggests that whale wallets have begun slowing down purchases and are transferring the risk to retail investors. Data from Cointelegraph…
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The Internal Revenue Service will likely not be penalized for obtaining records on a crypto user from Coinbase or Abra. A federal judge has implied that an individual may not have the right to force the Internal Revenue Service, or IRS, to expunge financial records it obtains from crypto exchanges. In granting a motion to…
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Ankr, Curve and Storj each saw double-digit rallies shortly after Coinbase announced plans to list each token this week. On March 23 the Coinbase listing ‘bump’ reemerged as the exchange announced that it would list Ankr (ANKR), Curve DAO Token (CRV), and Storj (STORJ) on Coinbase Pro. A blog post from the top U.S.-based cryptocurrency exchange…
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The crypto exchange escapes regulatory scrutiny with a slap on the wrist, but no stock listing on exchanges until next month After settling charges of improper reporting of exchange volume and “self-trading” with the CFTC yesterday, reports have emerged that cryptocurrency exchange giant Coinbase is set to push back its stock listing to next month.…
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The explosive rally from Skale and Polygon proves that the Coinbase effect continues to be a potent price mover for small and large-cap altcoins. In previous bull markets, one of the most consistent price movers for cryptocurrency projects was being listed on Coinbase, a phenomenon that became known as the ‘Coinbase effect’. The recent announcement…
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Crunching the numbers: Analysts and industry experts weigh in on crypto firms like Coinbase and Kraken being valued in the billions. Cryptocurrency and blockchain firms are attracting billion-dollar valuations as the space continues to see major investment in 2021. The likes of exchanges Coinbase and Kraken have had mind-boggling numbers attached to their plans to…
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With major exchanges suffering outages and hacks, and some abruptly suspending withdrawals, are wallet platforms a more compelling alternative? One of the biggest trends in recent months has seen Bitcoin flow out of exchanges into wallets. Generally, this is interpreted as a bullish sign — indicating that investors are optimistic about further growth in cryptocurrency…
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The custody service of leading U.S. exchange Coinbase now controls more than 10% of the combined crypto asset market cap. Crypto data aggregator Messari has reported that the quantity of crypto assets stored in custody on U.S. exchange giant Coinbase surged in the last quarter of 2020. Messari Crypto has revealed that as much as…
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