Coinbase has resumed USDC to USD conversion as the banks reopen after the weekend break. And the stablecoin has regained its $1 peg. As crypto recovers back to normal after a weekend full of volatilit...
Tag: Coinbase
Brain Armstrong Might Add banking Features To Coinbase, Details
The collapse of three top US crypto-friendly banks have stirred reactions in the crypto community as some top players like Coinbase consider adding banking feature to their services. One of the banks ...
Coinbase lost $240M in Signature Bank closure
Ad Leading crypto exchange Coinbase disclosed it lost around $240 million in Signature Bank shut-down on Mar. 12. Paxos and Celsius also announced they lost money in the Sunday Signature Bank shutdown...
Coinbase and Circle cite FDIC to ensure fund recovery
Signature Bank and then Silicon Valley Bank, the traditional banking system, is experiencing one of the worst hit crises that have left customers wondering if they will ever get their funds back. For ...
Coinbase Reveals $240M Exposure to Closed Signature Bank
Exchange News Paxos disclosed a $250 million holding at Signature Bank. Coinbase said that it anticipates a complete recovery of the monies. Many cryptocurrency firms announced on Twitter if they were...
Coinbase CEO ponders banking features after Silicon Valley Bank crisis
The wider cryptocurrency community continues to debate the ongoing fallout following the closure of three major American banks, with calls for neobank services for the industry on the cards. Silicon V...
Coinbase, Paxos, and Celsius Report Funds Tied up with Now-Shuttered Signature Bank
Several crypto firms have come forward to report their exposure to the now-shuttered Signature Bank, which was shut down by New York regulators on March 12 in conjunction with the United States Federa...
Coinbase, Celsius and Paxos disclose funds in Signature Bank
Crypto exchange Coinbase, crypto lender Celsius and stablecoin issuer Paxos are among the crypto firms with funds reportedly tied up with the now-shuttered Signature Bank. The crypto-friendly Signatu...
USDC Volatility Lifts Bitcoin’s Coinbase Premium to 3-Year High
“When news broke that Circle’s funds were stuck in Silicon Valley Bank, users rushed to redeem their USDC for USD,” Ignas said. “On Coinbase, users could redeem 1 USDC for $1.0...
Coinbase Updates Staking Conditions Amid SEC Clampdown
6 seconds ago | 2 mins read Exchange News There would be a “transparent Coinbase fee” as per the exchange. The U.S. SEC earlier penalized Kraken for its staking program. A month after U.S. authorities...
Coinbase reiterates ‘staking services will continue,’ despite SEC’s crackdown
Coinbase reiterated to customers that its staking services will continue, and may actually increase, despite SEC’s crackdown. The exchange explicitly stated that its users earn rewards from decentrali...
Coinbase Is Willing to Defend the Honor of Staking at All Costs
Coinbase is upping its game in the recent staking battle begun by the Securities and Exchange Commission (SEC). The popular digital trading platform is moving to the frontlines and has vowed to become...
Ark picks up more Coinbase stock, adding $6.4 million
Cathie Wood’s Ark Invest picked up a tranche of 119,429 Coinbase shares across two funds on Friday, purchasing about $6.4 million of the stock. The investment management firm, which focuses on d...
Both Binance and Coinbase Temporarily Suspend USDC Conversions
10 seconds ago | 2 mins read Exchange News Binance said it will halt USDC conversion to USD over the weekend. Circle said that Silicon Valley Bank still has $3.3 billion underpinning USDC. The two lea...
Coinbase reassures customers on staking services amid SEC crackdown
In recent years, staking services have become increasingly popular among cryptocurrency investors. Staking refers to the process of holding and locking up a certain amount of cryptocurrency in a walle...
Binance and Coinbase Halt USDC Transfer – Is Circle’s USDC Next in Line for a UST-Style Collapse?
Coinbase and Binance, two of the world’s largest cryptocurrency exchanges, have taken action in response to Circle’s stablecoin, USD Coin (USDC), suffering a de-peg following the collapse of Silicon V...
SVB closure spurs a crypto crisis: Coinbase and Binance suspend USDC conversions
Just a day after covering Silicon Valley Bank stock (NASDAQ: SIVB) 60% dip after it announced it was raising funds to cover a loss it made after selling securities at a loss, the SVB closure is causin...
USDC and DAI remain at about $0.90 following Circle’s disclosure of funds at SVB
The fallout from the collapse of Silicon Valley Bank spread overnight to the USDC stablecoin, which lost its peg to the U.S. dollar and dropped as low as $0.88. Following Circle’s disclosu...
Coinbase will not back down on staking despite SEC’s stance
Coinbase, the crypto exchange, has said it would continue to provide its staking services, even though the Securities and Exchange Commission (SEC) is working on a plan to clamp down on purported unre...
Coinbase updates users on staking amid SEC crackdown – Cryptopolitan
Coinbase has told its users that its staking services will not be suspended despite a crackdown by the Securities and Exchange Commission on the market. According to a statement released by the exchan...
Coinbase reiterates that staking services will continue, despite SEC crackdown
Despite the recent crackdown by the U.S. Securities and Exchange Commission (SEC) on staking services offered by centralized providers, Coinbase has reiterated to customers that its staking services w...
Coinbase Pauses Conversions Between USDC and US Dollars as Banking Crisis Roils Crypto
While temporary, the pause speaks to the chaos that’s roiled the crypto industry’s second-largest stablecoin in the wake of Silicon Valley Bank’s demise. All day Friday crypto trader...
Coinbase halts conversion feature between U.S. dollars and USDC
Coinbase said Friday evening that it halted support for conversions between U.S. dollars and stablecoin USDC. “We are temporarily pausing USDC:USD conversions over the weekend while banks ...
Coinbase wants to bring millions of users on-chain with launch of Wallet Quest
Yesterday Coinbase Wallet announced the launch of Quest, an educational program aimed at bringing millions of users on-chain. Coinbase Wallet users can now start earning crypto rewards by completing q...
ARK Invest Buys Record Amount of Coinbase Stock, Despite Market Volatility
ARK Invest, led by tech-focused investor Cathie Wood, has made a record purchase of Coinbase stock amidst a volatile market. Despite Coinbase tumbling by 8% on March 10, ARK Invest bought the largest ...
Cathie Wood Led Ark Invest Bought Coinbase Shares Worth $20.6 Million
10 seconds ago | 2 mins read Exchange News More than 350,000 Coinbase shares were purchased in a single day by the company. Shares of Coinbase fell by over 8% on Thursday as the crypto market was trad...
Coinbase Launches New Web3.0 Discovery Surface
The new web3 discovery surface will afford users the opportunity of exploring the best decentralized applications (dApps) available on Web3. As part of its web3 expansion efforts, American crypto exch...
Cathie Wood’s ARK buys 350k Coinbase shares in rough market
Investment firm ARK, led by renowned investor Cathie Wood, purchased more than 350,000 Coinbase shares according to an email transaction report. According to an emailed transaction report, investment ...
Cathie Wood’s ARK Purchases Over 350K Coinbase Shares in Biggest Buy of 2023
Join the most important conversation in crypto and web3! Secure your seat today Investment manager ARK bought more shares of crypto exchange Coinbase (COIN) on Thursday than it bought in all of Januar...
Coinbase CEO hails reintroduction of crypto tax reform law
Coinbase CEO Brian Armstrong has lauded U.S. lawmakers’ decision to revive a bill seeking to clarify crypto tax reporting. Bill to streamline crypto asset reporting requirements The Keep Innovation in...
Lawyer may sue Coinbase, Robinhood for securities law violations
Leading securities lawyer Tom Grady is reportedly preparing to file a lawsuit on behalf of retail investors against top U.S. crypto exchanges Coinbase, Robinhood, and others. According to reports, Gra...
Banks Stand as a Hindrance to DeFi; Comments Coinbase CEO
Charles Hoskinson tweeted that algorithmic stablecoins should be studied to fully realize the vision of BTC. The CEO clarified Coinbase’s announcement on the halting of USDC: USD conversion on weekend...