Tag: Coinbase

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Today in Crypto: Coinbase’s New Blockchain Testnet, Spotify’s Token-Enabled Playlists, 3AC’s NFT Sale, Metaco’s Partnership with DZ BANK AG

February 23, 2023

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Coinbase’s New Blockchain Testnet, Spotify’s Token-Enabled Playlists, 3AC’s NFT Sale, Metaco’s Partnership with DZ BANK AG  Read more »Sign up for e-EUR – the progressive stablecoin

Coinbase beats Q4 earnings estimates amid falling transaction volume

February 21, 2023

Transaction volume on the exchange fell 12% in 2022’s fourth quarter, but the firm still beat forecast earnings despite a 57% year-on-year revenue drop. United States-based cryptocurrency exchange Coinbase has beaten revenue expectations for the fourth quarter of 2022 but continued to see its transaction volume decline. Net revenue for the exchange came in at…
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Analysts Expect Coinbase Revenue to Drop 75% for Last Quarter

February 21, 2023

Coinbase is expected to report a steep decline in its revenue for the last quarter of 2022 as transactions plummeted and crypto prices dropped to record low levels.  Coinbase is set to report results for the latest quarter of 2022 after the market close on Tuesday. Wall Street analysts expect the exchange’s revenue to drop more than…
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Crypto Industry Spent Record $21M on Lobbying Last Year – Coinbase Leads the List

February 18, 2023

Crypto companies spent a record $21.55 million in 2022 on Washington lobbying, with major cryptocurrency exchange Coinbase leading the list.  Last year’s spending was more than double the crypto industry’s lobbying outlay of $8.29 million for 2021, according to an analysis of disclosures by OpenSecrets, which rounded up disclosures from more than 50 industry players…. Read More:…
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Custodia CEO Slams US Government Over Broad Crackdown, Lack of Regulatory Clarity in Crypto Industry

February 18, 2023

Caitlin Long, CEO of crypto bank Custodia, criticized the U.S. government for its handling of a massive crypto fraud that occurred months before the company’s collapse. She made her remarks in a blog post after disclosing evidence to law enforcement. Long’s post followed Custodia’s unsuccessful application to become a member of the Federal Reserve System,…
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Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto

February 18, 2023

Caitlin Long revealed that she had warned government agencies of major “fraud” in the crypto space months before several firms went bankrupt. The CEO of Custodia Bank, Caitlin Long, has slammed regulators and lawmakers in Washington D.C. for their “misguided crackdown” on the crypto sector and ignoring her warnings of major “fraud” allegedly conducted by…
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Coinbase CEO Urges Congress to Pass Clear Crypto Legislation — Warns America Risks Losing Financial Hub Status

February 18, 2023

Coinbase CEO Brian Armstrong has called on Congress to pass clear crypto legislation, warning that the U.S. risks losing its status as a financial hub. “Crypto is open to everyone in the world and others are leading,” the executive stressed. Coinbase’s CEO on Cryptocurrency Regulation The CEO of the Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN),…
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Coinbase CEO Brian Armstrong Ready to Defend Staking in Court if Necessary

February 14, 2023

Coinbase CEO Brian Armstrong has said the exchange’s crypto-staking services are not securities, adding that he is willing to defend this in court.  “Coinbase’s staking services are not securities. We will happily defend this in court if needed,” Armstrong said in a Twitter post on Sunday. The post also links to a Coinbase blog that…
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Coinbase CEO invites DC residents over for ice cream and crypto talk

February 13, 2023

Brian Armstrong said he had about an hour at the Dirksen Senate Office in Washington, D.C. to “chat about crypto” and enjoy low-sugar food at the building’s snack bar. Brian Armstrong, CEO of United States-based cryptocurrency firm Coinbase, is looking for lawmakers and regulators to discuss regulatory clarity in the crypto space. In a Feb.…
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Coinbase Argues Its Staking Services Are Not Securities, Criticizes SEC Regulatory Approach

February 13, 2023

Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $30 million settlement that Kraken, another U.S.-based crypto exchange, completed with the U.S. Securities and Exchange Commission (SEC), also criticize the institution’s approach…
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