Coinbase

Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3. Kava is a decentralized layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. Kava has spent the last year building a deep integration with Coinbase that optimizes the process for Cosmos SDK chains to integrate with Coinbase helping to drive new liquidity to the Cosmos ecosystem. Unlocking…

In its latest report, crypto exchange Coinbase predicts the crypto bear market will extend for many more months. The company’s research team believes this year’s deleveraging cycle has harmed the investors' interest in altcoins. A Flight to Bitcoin and Ethereum Per the company’s report released on Wednesday, the multiple insolvencies plaguing the crypto industry have crushed investor confidence in the space. This is likely to extend the crypto winter well into 2023. “Constraints on liquidity may also disrupt normal market…

According to an update on the crypto platform’s help page, Coinbase wallet will no longer support payment network Ripple’s XRP token. The digital asset is not the only cryptocurrency Coinbase has delisted as Bitcoin Cash, Ethereum Classic, and Stellar will also be unavailable. Coinbase Halts Wallet Support for XRP, BCH, ETC, and XLM The delisting will take effect from January next year and Coinbase’s wallet application will drop support for the aforementioned tokens. Coinbase Wallet like MetaMask and similar providers…

America’s largest crypto exchange, Coinbase, has unveiled its Q3 2022 earnings report – and the results are a bit jumbled. While the firm had a roughly $300 million drop in expenses from last quarter, the company’s total revenue also fell by 24%. Slow Trading Season for Coinbase The third quarter shareholder letter showed transaction revenue at $366 million, taking a substantial 44% slash versus Q2. Meanwhile, total trading volume on the platform fell about 27%, from $217 billion to $159…

Cryptocurrency exchange Coinbase is seeking permission to file an amicus brief supporting Ripple Labs in its legal battle with a top federal regulator.  The company argues that the Securities and Exchange Commission's (SEC) lawsuit against Ripple is unprincipled, and violates due process. Coinbase’s Defense for Ripple Per the amicus brief dated Monday, Coinbase claims the SEC did not provide fair notice that Ripple’s conduct was illegal, prior to suing the firm. An amicus curiae is a third party that isn’t…

Nikhil Wahi – brother to former Coinbase Product Manager Ishan Wahi – has pleaded guilty to wire fraud conspiracy using confidential information.  Guilty As Charged As reported by Reuters, the ex-manager’s brother confessed during a virtual court hearing in front of a Manhattan judge. He admitted to making cryptocurrency trades based on confidential information from his brother, who used to work at Coinbase. "I knew that it was wrong to receive Coinbase's confidential information and make trades based on that…

Coinbase – America’s largest cryptocurrency exchange – has updated its statement detailing its approach to Ethereum’s upcoming Merge. The firm has now clarified that it's willing to list a possible forked version of ETH at the exchange. The statement, uploaded last week, was revised on Thursday to reflect Coinbase’s commitment to creating a “level playing field” for all assets. Should an ETH PoW fork arise following The Merge, this asset will be reviewed with the same rigor as any other…

Coinbase – the largest cryptocurrency exchange in the United States – plans to make trading fee revenue less central to its business.  Instead, company CEO Brian Armstrong said he’d like to see over 50% of its revenue generated from subscriptions and services.  Coinbase’s Long-Term Plans In an interview with CNBC, Armstrong said that subscriptions and services account for 18% of Coinbase’s current revenue. He predicts that share will grow over many years, making the exchange’s performance more predictable in the…

Defi Yield Protocol (DYP) announced its listing across multiple leading exchanges including Coinbase, Huobi, and MEXC last month. It also recently provided details on its upcoming Metaverse platform, which will feature interactivity with Cats and Watches Society (CAWS) NFTs. Coinbase revealed the listing of DYP on June 21st, while trading started one day later. Next, MEXC announced it will start listing of DYP for the first time on July 19th. Huobi then added DYP to its platform on July 27th. …