An impressive 56% of Fortune 500 companies are engaging in crypto and blockchain ventures, per Coinbase. Notably, Coinbase ceased trading on two crypto tokens for undisclosed reasons. Coinbase's Bitcoin reserves saw a significant 15% decrease since February while investors withdrew major sums from key exchanges. Despite challenges, Coinbase is touted as a budding star. There's belief that AI-strategies can alleviate inflation, signposting scope for aggressive rate reductions. Coinbase has fiercely criticized SEC's substantial budget request and warned of a talent exodus amidst regulatory concerns. Coinbase enlightens us with key findings in its recent State of Crypto report and CEO Brian Armstrong calls for bipartisan attention to address regulatory difficulties. Notably, they rank highly in the Bitcoin ETF race outpacing Kraken and Binance. The crypto custody software market is surging, with BitGo and Coinbase Custody at its core. In another development, Biden's campaign is considering accepting crypto donations via Coinbase. On the downside, Coinbase Global reported declines, while simultaneously announcing innovative tech against scams and emphasizing the critical need for fair crypto policies. A partnership with Lightspark on Bitcoin's Lightning Network was announced as Coinbase unveiled a smart wallet for seamless onboarding. Lastly, the Coinbase CEO suggested that Crypto could contribute 25% to the global GDP within a decade.
Coinbase News Analytics from Tue, 05 Dec 2023 08:00:00 GMT to Mon, 17 Jun 2024 02:03:02 GMT -
Rating 6
- Innovation 3
- Information 8
- Rumor -3
