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“Should an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other asset that is listed on our exchange,” said Coinbase. Go to Source Powered by WPeMatico
Faryar Shirzad said staying engaged and informed was critical, given candidates who win in the 2022 U.S. midterms “will be making key decisions” around crypto regulation. Go to Source Powered by WPeMatico
The cryptocurrency exchange Coinbase has introduced a new liquid staking ethereum derivative token ahead of Ethereum’s proof-of-stake (PoS) upgrade. The new ERC20 utility token is called coinbase wrapped ethereum, or CBETH, and it will allow people to stake their ether in a non-custodial fashion or trade the tokens on the open market. Coinbase Reveals CBETH … Read more
Coinbase CEO Brian Armstrong says the exchange has been building subscription revenue streams for three years and will continue to do so into the long term. Go to Source Powered by WPeMatico
“Our hope is that cbETH will achieve robust adoption for trade, transfer, and use in DeFi applications,” said the crypto exchange. Go to Source Powered by WPeMatico
A Coinbase user claimed the crypto exchange “boldly flouts federal and state laws” by not completing the proper registration as a securities exchange in the United States. Go to Source Powered by WPeMatico
Paypal has stepped up its regulatory compliance by joining TRUST to streamline its reporting requirements relating to the digital assets “travel rule.” Go to Source Powered by WPeMatico
Majority of the DeFi tokens traded in red with several registering double digit losses over the past week. Go to Source Powered by WPeMatico
JPMorgan analyst Kenneth Worthington says digital currency exchanges like Coinbase will end up being a meaningful “beneficiary” of Ethereum’s long-awaited transition from proof-of-work (PoW) to proof-of-stake (PoW). Based on $2K ethereum prices and a 5% ethereum yield, Worthington explained that The Merge could boost Coinbase’s annual income by $80 to $100 million from staking services. … Read more
After peaking at $25k on Sunday, continuing to trade sideways in the $24k range, and now falling to the $23k level, Bitcoin is struggling to hold current support as trading volume continues to decline. While the cryptocurrency market remains above the $1 trillion market cap range, BTC and ETH are seeing single-digit-percent losses this week … Read more
