Coinbase Financial News

Coinbase is looking back on 2021, and there are some formidable stats to wade through as we understand the growth of the exchange and the crypto space in just a year.

There was “a broader range” of investors that wanted exposure to crypto last year, with many of them seeking access to new products such as bitcoin (BTC)-backed exchange-traded funds (ETFs), decentralized finance (DeFi), and non-fungible tokens (NFTs), a new report from Coinbase has said.

The Wharton School, a premier business school at the University of Pennsylvania in the United States, officially accepts cryptocurrency as a payment method for blockchain courses through Coinbase exchange.

Crypto-advocating lawyers and pro-crypto pressure groups are gearing up for a fresh fight in Washington – as another piece of legislation that could potentially restrict the sector’s ability to grow has appeared on the political landscape. However, one influential lawyer has claimed that the crypto community should “not lose any sleep” over the matter.

In anticipation of the official launch of their non-fungible token (NFT) platform, major crypto exchange Coinbase has shared a preview of the forthcoming product.

Earlier this month, Mastercard announced that it was joining forces with Coinbase to enable people to buy NFTs with their debit and credit cards. MoonPay CEO Ivan Soto-Wright, says: “Right now, the NFT market is limited to the hundreds of millions of people who own cryptocurrency.

FTX US reached an $8 billion valuation after receiving $400 million from Asian investment giants SoftBank Group and Temasek Holdings in its first round of funding.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

FTX U.S., the American affiliate of cryptocurrency exchange FTX, said Wednesday it has raised $400 million in its first external fundraising round.

Grayscale, the world’s largest crypto asset manager, has added 25 coins to the list of assets it is considering adding to its investment products including VeChain, Iota, Monero and Axie Infinity.

Major crypto exchange Coinbase has given a $150,000 grant to Hope for Haiti as part of a pilot program aimed at providing financial assistance to Haitians experiencing social and economic hardship. 

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

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A lot of coins and tokens took a hard fall during the latest crypto-market crash as investors sadly stared back at the evaporated all-time-highs. However, one token’s market cap fell by around 80%, prompting some to accuse it of being a Ponzi scheme.

Mumbai: Indian crypto investors, most of who have jumped on the crypto bandwagon in the past year, are a jittery lot as cryptocurrencies again fell sharply across the board in the past 24 hours following a selloff led by technology stocks in the US on Friday. “I started investing last year after being influenced by friends and business partners,” said Gopala Somani, a Delhi-based crypto investor. “I kept investing even till the last week, thinking it was time to buy the dip. But now I am stuck. My portfolio is down and in the red. If I sell, it will be a significant loss.”Bitcoin was trading at $35,572, while other major altcoins were also down by double digits, at 5 pm, Saturday, on Coinbase. Bitcoin has dropped 17% in the past week, Ethereum 26.66%, Binance Coin 28.74%, Cardano 19.43%, and Solana 31.90%. The popular meme coin, Shiba Inu, dropped 30.03%, while DogeCoin slid 32 % in the past seven days. At 5 pm on Saturday, the Coinable website said the overall market was down 12.19%.

New York City's new mayor Eric Adams said that his first paycheck will be converted into Bitcoin and Ethereum via Coinbase Global.

New York City's new mayor Eric Adams plans to convert his first paycheck this week into two cryptocurrencies, which he has been hyping as a potential economic engine for the city.

An analysis of trading volumes on major crypto exchanges has revealed a geographic shift in crypto trading activity.

This week’s Crypto Biz explores Microsoft’s Activision purchase, the new partnership between Coinbase and Mastercard and the latest funding news from the world of crypto. For a comprehensive breakdown of business developments over the last week, register for the full newsletter below.

On Thursday, New York City Mayor Eric Adams announced he would be taking his first paycheck in Bitcoin (BTC) and Ether (ETH), with the funds arriving Friday. The salary will not be directly paid out as crypto; instead, it will be first issued in fiat as U.S. dollars and then converted into the digital currencies on crypCoinbase.

Check out the companies making headlines in midday trading.