The digital currency exchange Coinbase is planning to delist unauthorized stablecoins in the EU by December 2024. This decision was made in light of new regulatory rules imposed by the European Union, which could possibly affect USDT as well. Coinbase has firmly urged courts to reconsider an appeal in a case with the SEC, referring to a similar dispute between the SEC and Ripple. Market stability insights were provided by Coinbase, which confirmed a recovery after $700 million in liquidations. Moreover, Coinbase's venture arm could potentially boost the company's earnings in the coming year according to a company Vice President.
A progressive alliance took place as Coinbase partnered with Paypal, EY, and Google Cloud to streamline B2B payments. On another front, Coinbase's initiative of adding the proof of reserves to Bitcoin wrapper cbBTC was announced. The company's CEO, Brian Armstrong, elaborated on the impact of the rising crypto voting bloc on U.S. elections. He believes cryptocurrency is a bipartisan issue. Crypto voter insights were also shared, throwing light on the voting trends within the crypto community.
Coinbase News Analytics from Tue, 21 May 2024 07:00:00 GMT to Sun, 06 Oct 2024 02:10:46 GMT - Rating 6 - Innovation 7 - Information 9 - Rumor -2
