In recent developments regarding cryptocurrency service Coinbase, the CEO, Brian Armstrong, has made a strong prediction that Bitcoin could rapidly surpass gold's $18 trillion market cap. Coinbase's business ventures have notably been in the limelight with the company keenly taking part in crypto markets in Asia, including the Philippines and China. Recently, the exchange has listed memecoins, including one named after CEO's dog TOSHI and the controversial Trump Coin, sparking an array of responses.
Amid all this, Coinbase is attempting to clear the lingering legal confusion over the cryptocurrency market, asking for guidance not just in U.S. courts but also international courts. They've announced they would delist Tether if required by law and made bold institutional plans for the future. There also seem to be ongoing issues with Solana transactions dealt on the platform which are creating delay and dissatisfaction among users. Yet, Coinbase remains confident, even launching new products like Bitcoin-backed loans.
The Coinbase CEO has also attracted attention by expressing support for Bitcoin and calling it 'A Better Form of Money'.
Coinbase News Analytics from Fri, 08 Nov 2024 08:00:00 GMT to Sun, 26 Jan 2025 00:25:52 GMT - Rating 7 - Innovation 5 - Information 6 - Rumor -4
