Brian Armstrong reflected on the announcement of criminal charges against Binance, stating that Coinbase’s decision to get licenses was correct. Brian Armstrong, CEO of crypto exchange Coinbase, thinks that his company made the right decision to comply with United States money transmitter licensing laws. In a Nov. 21 social media post, Armstrong weighed in on…
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The U.S. cryptocurrency exchange Coinbase was recently hit with a fine exceeding $11,000 by a Russian court. The fine stems from the crypto exchange’s refusal to comply with a law that requires foreign companies to localize data of their respective Russian users or customers. Localizing Databases of Russian Users A court in Russia recently imposed…
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With more than a month left before the end of 2023, the United States crypto industry has already spent $20 million on lobbying efforts. With more than a month left before the end of 2023, the United States crypto industry has already spent $20 million on lobbying efforts. In the last year, the total sum…
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Source: AdobeStock / rarrarorro San Francisco-based cryptocurrency exchange Coinbase has introduced an open-source On-Chain Payments Protocol to its Coinbase Commerce product. The new protocol aims to enhance the payment experience for merchants and customers by providing instant settlement, low fees, and broad asset support, the exchange said in a Thursday announcement. Coinbase Commerce is a platform…
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Cryptocurrency exchange Coinbase says spot bitcoin exchange-traded funds (ETFs) could add billions of dollars to the total crypto market cap. Coinbase also believes that the chances of one or more spot bitcoin ETFs being approved by the U.S. Securities and Exchange Commission (SEC) before the end of 4Q23 “have sharply improved.” Coinbase’s Spot Bitcoin ETF…
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Source: Pexels The National Pension Service of South Korea has acquired approximately 26 billion won ($20 million) worth of Coinbase stocks (COIN). The National Pension Service is South Korea’s largest investment group and the third largest pension fund in the world. The investment group manages over 997.4 trillion won, approximately $800 billion in assets. As…
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A mysterious wallet surfaced from the shadows and masterminded a significant transfer of 17,895,970 MATIC—which translates to a staggering $14.7 million—directly into Coinbase, in a crypto twist that sent shockwaves through the digital landscape. The surge in significant transaction volume has caused the MATIC price to rise above $0.80 for the first time since July.…
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Source: Adobe According to the November 6 report by blockchain analytics firm 0xScope, Binance has maintained its position as the top centralized exchange, with a significant market share; however, its dominance has weakened over the past year, with a continuous decrease in trading volume, particularly in the last three months, experiencing a roughly 10% decrease…
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Source: AdobeStock / Tim Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. __________ Mining news A public mining company mined bitcoin for free in Q3, according to the latest Miner Weekly report by BlocksBridge Consulting. It said that Riot Platforms reported a negative $6.1k…
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The POSA updated its staking principles to say that providers should communicate clearly and not control the amount of liquidity a user must provide. The Proof of Stake Alliance (POSA), a nonprofit organization that represents firms in the crypto staking industry, published an updated version of its “staking principles” on Nov. 9. Previous version of…
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