Coinbase continually makes significant moves, resulting in an increase in its market presence. It recently amended its custody agreement with
BlackRock to stipulate a 12-hour withdrawal policy due to rumors about debt. There has been a 7% rise in Coinbase shares as investors return to the crypto market after the
Fed cut. Coinbase is advancing rapidly, with plans to bring its
wrapped Bitcoin (cbBTC) to the
Solana blockchain by 2024. However, executives of various firms, including Coinbase, are selling their stakes. Coinbase is fueling
Bitcoin adoption, and the company's chief legal officer has addressed fears over cbBTC's service terms. Despite a 36% decline in the past six months,
COIN's stock is rising as the market dips. The
SEC requested a four-month delay to produce documents for the Coinbase case.
TrueX, a new crypto exchange, is launched by Coinbase and
Goldman Sachs alum, built on stablecoins. Within a week, Coinbase's cbBTC surged to become the third-largest wrapped BTC token. Moreover, Coinbase added
Solana cbBTC support as the Bitcoin-backed token race heats up. A notable discussion concerns whether young crypto voters could decide the upcoming presidential election.
Coinbase News Analytics from Wed, 03 Apr 2024 07:00:00 GMT to Sun, 22 Sep 2024 21:43:05 GMT -
Rating -2
- Innovation 5
- Information 6
- Rumor 1
