Coinbase Financial News

The Fairshake group, a political action committee (PAC) backed by prominent crypto firms Ripple and Coinbase, has allocated over $2 million towards opposing the incumbent candidate in the Democratic primary for New York’s 16th Congressional District.

Coinbase has announced that its International Exchange and Coinbase Advanced platforms are now offering pre-launch markets.

As major US corporations embrace blockchain, calls for clear regulations are growing louder, a Coinbase survey conducted on Fortune 500 (F500) executives revealed.

The Global X Bitcoin ETP (BTCX) and Global X Ethereum ETP (ETHX) will track the long-term growth potential of the cryproassets, respectively. Both products are subject to a fee waiver, which was implemented when the options initially listed on the SIX Swiss Exchange and Deutsche Börse Xetra two week ago. Global X ETFs hires CEO from Goldman Sachs AM after senior executive exodus The waiver is scheduled to last until 3 January 2025, after which a 0.29% arranger fee for both products will come into effect. Coinbase Custody International will act as a «secure cryptocurrency custodi...

Coinbase International Exchange has joined the Fireblocks Network to provide perpetual futures and spot trading features for institutional and retail clients in certain regions.

Former United States President Donald Trump is ramping up his advocacy for cryptocurrency, now setting his sights on becoming the “crypto president.”

Web3 social network Friend.tech has decided to part ways with Base, the Ethereum Layer 2 network operated by Coinbase, as it prepares to migrate to its own blockchain called Friendchain.

Founded in 2011, UK-based Bitstamp has over 50 active licenses and registrations globally and will bring in customers across the EU, UK, US and Asia to Robinhood, helping the platform take on major exchanges such as Coinbase. Bitstamp’s core spot exchange, with over 85 tradable assets, and products like staking and lending, will also help Robinhood move beyond the retail market and secure institutional clients. Johann Kerbrat, GM, Robinhood Crypto, says: “Through this strategic combination, we are better positioned to expand our footprint outside of the US and welcome institutional customers to Robinhood.” The Bitstamp team will join Robinhood when the deal closes in the first half of next year, subject to closing conditions.

Cryptocurrency exchange giant Coinbase is expected to bring the Station Labs team in-house to work on its smart wallet Base using their expertise in building onchain developer tools, as per a release shared with CryptoNews.

The money, which comes on the heels of a $25 million donation from Ripple, means that Fairshake and its affiliates have raised to $160 million in this election cycle, making it one of the largest Super PACs.Coinbase has a strict no-politics policy but, says CEO Brian Armstrong in a blog, "when it comes to our mission of increasing economic freedom by growing the adoption of cryptocurrencies, we are deeply engaged in policy efforts".Armstrong claims that 52 million Americans have owned crypto but: "For too long, some congressional leaders who are out of touch with their constituents have attempted to eliminate the crypto industry from the US."Last summer, Coinbase was sued by the SEC for operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.The industry secured another win last week when the House of Representatives passed the Financial Innovation and Technology for the 21st Century Act despite opposition from the Biden Administration and SEC chair Gary Gensler.The bill establishes a regulatory framework for digital assets, covering areas such as consumer protections, the use of crypto in illicit finance, but still faces an uncertain future in the Senate.Armstrong cites the bill as an example of recent progress but says, "the best way to get regulatory clarity in democratic countries is to elect pro-crypto candidates on both sides of the aisle, and to vote anti-crypto candidates out of office".

Coinbase, the largest crypto exchange in the United States, has announced a donation of $25 million to the pro-crypto super PAC Fairshake.

Bitcoin’s exchange balances have dropped to their lowest level since March 2018, falling below 2.3 million BTC. This significant decline, driven by major outflows from Binance and Coinbase, suggests a shift towards long-term holding strategies.

The native token of Web3 social network Friend.tech, known as FRIEND, has experienced a significant drop in value.

Today, in PoW projects that support ASIC mining rig, the vast majority of miners tend to mine through mining pools such as Foundry USA, AntPool, or ViaBTC. The emergence of ASIC mining rigs has significantly increased the overall network’s hashrate. For miners with only a few mining devices, the probability of finding a block on their own is very low.

The crypto exchange Coinbase reintroduced support for XRP in New York on May 23, allowing residents to buy and sell the cryptocurrency on its platform once again. New York-based users of Coinbase can now trade or store Ripple (XRP) on Coinbase.com or the crypto exchange’s iOS and Android mobile apps.

Some of the biggest tech firms and crypto exchanges have partnered to launch a ‘Tech Against Scams’ alliance, aiming to tackle the growing online fraud and financial schemes.

The number of United States adults reporting crypto ownership or usage has seen a significant decline, according to the latest annual household survey conducted by the Fed.

Donald Trump’s presidential campaign will begin accepting donations in cryptocurrency, the presumptive Republican presidential nominee’s campaign says

Donald Trump's presidential campaign on Tuesday announced that it will start accepting donations through cryptocurrency, a digital asset that can be traded over the internet without relying on the global banking system. Trump campaign has already introduced a fundraising page that enables "any federally permissible donor" to contribute to its political committees using any crypto asset supported by the Coinbase cryptocurrency exchange, AP reported. Currently, Trump's campaign is accepting various popular cryptocurrencies including Bitcoin, Ether US Dollar Coin, and the low-value coins that tend to be popular with Internet personalities like Shiba Inu Coin, and Dogecoin.

Former Congressman Kendrick Meek (D-Fla.) is hopping on board Coinbase’s global advisory council, The Hill reported on Monday.

Bank of America (BAC) upgraded its rating on Coinbase (COIN) shares from underperform to neutral on Friday and raised its price target for Coinbase to $217 from $110, reflecting a positive outlook for the cryptocurrency exchange.