Nonetheless, the Dogecoin-knockoff token was down by more than 80% from its record high of $0.00005.
Founded in 2012, Coinbase — named after the Bitcoin (BTC) coinbase transaction that rewards miners for validating blocks — is one of the oldest, largest cryptocurrency exchanges, having supported tens of millions of users since its launch.
Coinbase offers a range of services including custodial wallets with secure buying, selling and storage of cryptocurrencies; advanced trading and exchange services via Coinbase Pro; and USD Coin (USDC), a stablecoin backed by United States dollar reserves that is built on the Ethereum ERC-20 token standard, offering the advantages of cryptocurrencies without the price volatility.
Coinbase has been a popular choice for newcomers seeking to gain exposure to the burgeoning cryptocurrency space.
If Coinbase gets approval from the National Futures Association, it will then need to register with the Commodity Futures Trading Commission to get the green light.4990
Coinbase has sold $2 billion worth of corporate bonds in an offering that saw $7 billion worth of bids placed.9423
Cointelegraph's law & policy newsletter is back with a discussion of El Salvador's effects, Coinbase's woes, and the digital euro's prospects.3181
Coinbase announced a $1.5-billion bond sale shortly after the SEC threatened to sue the firm over its lending program.8026
The SEC’s notice to Coinbase over its Lend product might indicate incoming federal regulations aimed at crypto lending.11248
The SEC alleged that some of the proceeds from the offering were used to give the founder a bonus of $1 million and a loan of $2.5 million, which he used to purchase a house in the Cayman Islands.3229
The Celsius CEO is also seeking clarity for similar products, while Mark Cuban advises going on the offensive.11623
“They refuse to tell us why they think it’s a security, and instead subpoena a bunch of records from us,” said Brian Armstrong after he revealed that the SEC threatened to sue Coinbase.23721
Increased interoperability between blockchain networks and the release of Overledger 2.0.5 are just a few of the reasons for the protocol’s August upturn.22847
$655 million in BTC options expire on Sept. 3, and data suggests bulls may be motivated to break the $50,000 resistance prior to the expiry.18859
BTC price action stays frustratingly dull as altcoins take the chance to put in a serious performance, led by Ether.22402
Coinbase sent an email to 125,000 users mistakenly notifying them that their two-factor authentication settings had been changed.22870
A new investigation has revealed hundreds of Coinbase customer complaints around hacking and lost funds, drawing attention to the customer experience at crypto exchanges.10167
Jim Cramer, the host of CNBC’s Mad Money, thinks Coinbase is the “natural repository of crypto” and has recommended buying the stock.17604