Chicago Board Options Exchange (Cboe) pulled out its application for Global X Bitcoin Trust ETF which would have been operated in partnership with Coinbase.
Base, the blockchain project by the Coinbase exchange, has released its roadmap for 2024, highlighting key goals, challenges, and focal points for the upcoming year:
Bloomberg reports that Changpeng Zhao (CZ), the ex-CEO of the crypto exchange Binance, saw his fortune grow by almost $25 billion in 2023. His financial growth surpassed that of other crypto industry billionaires, including Coinbase's CEO Brian Armstrong and the Winklevoss twins.
The excnhage is extending its offering of spot crypto trading on its international exchange as part of its global expansion strategy.
Wallets linked to the bankrupt companies FTX and Alameda Research have conducted a new round of cryptocurrency transfers, amounting to $10.8 million, to accounts on Coinbase, Binance, and Wintermute.
Coinbase CEO Brian Armstrong has acknowledged the need for increased investment in the platform's infrastructure, as some users have encountered issues during significant market fluctuations. For example, at the end of February, they experienced difficulties executing trades as the price of Bitcoin surged drastically.
A US court has declared that trading certain cryptocurrencies on the secondary market amounts to dealing in securities, thereby falling under the purview of the Securities and Exchange Commission (SEC). Judge Tana Lin delivered this verdict while presiding over an insider trading case involving acquaintances of employees at the crypto exchange Coinbase.
Decentralized social network Friend․tech has moved almost half of its earned fees ($16.6 million) to Coinbase. This move is seen as a response to lackluster user engagement on the platform, which is a key revenue generator.
Coinbase's L2 blockchain, Base, and the music platform Sound have declared a partnership. Through this collaboration, artists are enabled to mint their music on the Base network.
To receive the funds, recipients are required to download a Coinbase Wallet, although the exchange has aimed to simplify this process for users less familiar with technology.
He revealed that Coinbase has participated in 30 meetings with the SEC over the past year and a half.
