Institutional Investors who have Expanded their Portfolio in 2021

Cryptocurrency and blockchain investments from the first 9 months of 2021 have surpassed last year's grand total. In the first half of 2021, the worldwide crypto and blockchain activity was $8.7 million, more than double last year's figures. It is a significant sign that institutional money is streaming into the crypto space. Furthermore, it increases the investor base, and thus the institutional awareness and knowledge of this sector are also surging. The "institutional adoption" of crypto is already underway. Today…

Coinbase Releases A Digital Asset Policy Proposal for Congress

Coinbase, a highly popular cryptocurrency exchange, is taking steps to advance the regulatory conversation in the United States. The company just released a 30-page policy proposal with suggestions on how policymakers should address the industry. Experts, opinion leaders, and government officials across the country have contributed to its development. ‘Safeguarding America’s Financial Leadership’ The proposal, ‘Safeguarding America’s Financial Leadership,’ was revealed in a Coinbase blog post on Thursday. Though the entire proposal is reasonably dense, the blog post offers a…

Coinbase to Launch Direct Deposit Feature for Salary Earners

Coinbase is one of the world’s leading cryptocurrency exchanges. The company has become a leader in the industry thanks to its insight and ability to innovate. The exchange announced another product directed at increasing crypto adoption and ease of access for its customers. Easier Deposits on Coinbase In a blog post published on Monday, Prakash Hariramani, Coinbase’s chief of product, announced that the company will be offering direct deposits for customers who would like to purchase crypto with their salaries. The…

Coinbase Allowing Users to Deposit Paychecks To Their Exchange

Brian Armstrong, CEO of Coinbase, has announced a new feature that boosts convenience for regular traders on his company’s platform. Users can now deposit some or all of their paycheck directly to their Coinbase wallet. Straight To The Coinbase Exchange Coinbase’s blog announced that the new feature will save users time from steps formerly necessary for transferring money. Rather than manually moving funds from their PayPal or bank accounts, traders can send their paychecks directly to Coinbase. This makes life…

Terrorist Financing Accrues Only 0.05% of All Illicit Crypto Transactions, Coinbase States

According to crypto exchange Coinbase, terrorist financing crypto transactions accounted for less than 1% of all activity in the crypto space last year. The world is keen on terrorist financing, especially through cryptocurrencies, as the Taliban group took over Afghanistan. Moreover, many believe the Taliban may consider crypto as a way to finance its operations. It could be due to the decentralization of cryptocurrencies that might pose a safe spot to conduct terrorist financing. Nevertheless, all illegal transactions carried in…

Coinbase Looks towards Crypto Futures Trading Services to Offer Derivatives

Crypto exchange platform Coinbase wants to offer futures trading. The exchange needs to get approval from the National Futures Association. The firm has to register with the Commodity Futures Trading Commission.  Afterward, they can proceed with their plans. At the beginning of the year, Coinbase took over Skew. The latter is famous for tracking the derivatives market. Bloomberg reported that Coinbase Financial Markets Inc. was seeking membership regarding an application with the National Futures Association yesterday. Coinbase is one of the best cryptocurrency stocks. For…

Coinbase Sets out to Raise About $1.5 Billion via Bond Sales

On Monday 13th, Coinbase announced plans to raise around $1.5 billion in a bond sale. The announcement comes after SEC's threats of legal actions if Coinbase launches lending services. In fact, some investors see this as Coinbase's alternative to their last week's planned lending project. The trading entity is the most popular crypto exchange, with over $5.6 billion daily trading volume. It announced on Monday plans to launch a debt offering worth $1.5 billion. This offering will raise capital to grow Coinbase and bolster…

Coinbase Accuses the SEC of ‘Using Intimidation Tactics’

Earlier today, Pro-XRP Attorney James Filan tweeted that the SEC "will stop at nothing" to have authority over the crypto space. In the tweet, he revealed that Coinbase believes the SEC is unlawfully stalling the launch of the exchange’s crypto lending program. More crypto enthusiasts have made their stance against the SEC’s ‘intimidation tactics.’   Coinbase's chief legal officer, Paul Grewal, wrote in a blog post that the regulatory agency threatened to sue the company if it launched the feature. Subsequently,…

Brian Armstrong Bashes The SEC for Not Explaining How Crypto Lending Falls Under Securities

Earlier today, Coinbase CEO Brian Armstrong expressed his disappointment on how the SEC handled the trading platform's request to launch a crypto lending feature. The CEO is surprised how the financial watchdog claims the element is a security feature without any explanation.  Furthermore, Mr. Armstrong feels the SEC is blocking Coinbase from lending while other platforms have practiced it for years. Is the SEC Biased or Confused? CEO Armstrong tweeted out his opinions, suggesting that the SEC is somewhat confused. He explained…

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