MicroStrategy still doesn’t plan to sell its Bitcoin, according to the company’s new Chief Financial Officer Andrew Kang. The recent bear market, which has brought Bitcoin’s value below the company’s average purchase price, hasn’t shaken the organization’s faith. “At this time, we do not have any intention to sell,” said the CFO, after joining the company on May 9th hailing from GreenSky. “There are no scenarios that I’m aware [in which] we would sell.” Shareholders also remain confident and reportedly…
Tag: Coinbase
Gemini Joins Coinbase and Block in the Crypto Council for Innovation
Gemini is the latest crypto exchange to join the Crypto Council for Innovation (CCI). Its addition enhances CCI's list of prestigious crypto firms supporting regulations on digital assets. So far, the group includes Coinbase, Block, Fidelity Digital Assets, and Paradigm, among others. Gemini’s Quest for Regulating Crypto Joining the CCI is only one of Gemini's recent initiatives for supporting policy and regulatory affairs. Notably, the company spent $120,000 on lobbying activities in the U.S. in the last six months of…
2 months ago 679
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Coinbase Made $2.2 Billion in Revenue from Transaction Fees in Q4
Coinbase, the most prominent crypto exchange in the U.S., has announced revenue of $2.2 billion. The impressive amount represents the platform's income only from transaction fees within Q4 2021. It is among the highest profits that crypto exchanges generated in recent years. Above all, it surpassed analyst expectations by no less than 27%. Coinbase’s Success in Numbers Last year, FactSet consensus predicted Coinbase to gain around $1.9 billion in revenue for the latest financial quarter. However, it seems that the…
2 months ago 663
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Coinbase Cracks Down on Over 25,000 Russian Wallets
Coinbase revealed on Monday that it had blocked more than 25,000 Russian wallets linked with illicit activities. Coinbase’s action comes after an initial refusal to place a blanket ban on Russian wallets. Coinbase Acts on Sanctions The major exchange published a detailed official statement of its most recent crackdown on more than 25,000 Coinbase wallets. Coinbase claims that these wallets mostly belonged to Russians linked with several illicit activities. The company came to this conclusion via its own private “proactive…
2 months ago 1.4 k
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Coinbase Joins Kraken and Binance in Not Banning Russian Accounts
Brian Armstrong – CEO of Coinbase – refused to freeze Russian users’ assets at his exchange despite officials’ calls to help financially cripple Russia. Damage From Russian Sanctions Similar to the CEOs of Kraken and Binance, Armstrong cited financial sovereignty and crypto-centric values as reasons to continue protecting Russian accounts. “We believe everyone deserves access to basic financial services unless the law says otherwise.” said Armstrong in a Twitter thread discussing the matter on Friday. [caption id="" align="aligncenter" width="1200"] Brian…
3 months ago 1.5 k
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White-Hat Hacker Discovers Lethal Bug on Coinbase Interface
Major crypto exchange Coinbase has resolved a serious vulnerability in its trading interface. The discovered glitch could have caused the exchange to lose hundreds of millions of dollars. Security researcher "Tree of Alpha" discovered the lethal bug and reported it via Coinbase’s bug bounty program Coinbase assures that the bug was not maliciously exploited before its response team patched it. How the Bug Worked It began with a report from an ethical hacker, filed to Coinbase’s security team on the…
3 months ago 1 k
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Coinbase Super Bowl Ad Crashes Site
Coinbase Super Bowl ad got a lot of attention, so much so that it crashed their site. The crypto exchange created an unconventional ad for the Super Bowl time slot when viewership is at an all-time high. Their ad, however, featured just a logo that bounced across a black screen. In the nearly 60 seconds the ad lasted, the logo changed to a QR code. The ad, which cost an estimated $14 million, did not explain the QR code. Naturally, this…
3 months ago 1.9 k
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Coinbase – Ethereum May Confirm Its Primacy in the Smart Contracts World
It may be too early to call the Ethereum (ETH) project dead. However, an analysis recently shared by Coinbase experts brings exciting information on the subject. Although the new solutions appear valid, it is not confident that they can become “Ethereum Killers”. This article analyzes the main aspects of the analysis by evaluating the consequences for the market. The Coinbase analysis The primary reason the alternatives to Ethereum succeeded is straightforward: ETH suffers from high network congestion. To reduce the…
4 months ago 1.9 k
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Kevin Durant Announces Partnership With Coinbase
One of the peculiarities of the blockchain industry is that its success seems to attract the attention even of people who do not work in the financial sector. The crypto market counts artists, sports stars, and other public figures among its supporters. This is the case, for example, of NBA star Kevin Durant, also known as KD. The sportsman, who now plays for the Brooklyn Nets, has never hidden his passion for the crypto world. As noted, Durant was one…
5 months ago 428
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Crypto.com Becomes #1 App On US Google Play Store
Cryptocurrency is hot among American consumers right now, and the Google Play Store proves it. As of today, the Crypto.com app is the most popular product in the marketplace. This comes amidst the growing popularity of cryptocurrency, surging prices, and a hot advertising campaign from the exchange. Record Downloads of Crypto Apps As displayed on Google Play’s front page, Crypto.com is currently the most downloaded free app across all categories. It has grown more popular than TikTok, CashApp, and Instagram.…
7 months ago 570
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