Coinbase CEO Reiterates That ‘Staking’ Products Aren’t Securities
In a televised interview with Bloomberg on March 1, Armstrong said, “Our staking product is not a security,” referring to cryptocurrencies that can be staked directly on the exchange to generate yields. He continued:
‘Our Interests Are Aligned’ With the SEC: Coinbase CEO
Armstrong said that Coinbase, the only publicly-traded cryptocurrency exchange in the U.S., has maintained a “good relationship” with various staff members and commissioners at the SEC, including meeting with SEC Chairman Gary Gensler.
BUSD’s Trading Volume Dropped to Lowest Point in February on Coinbase
Binance USD (BUSD) stablecoin trading volume dropped to its lowest point since Coinbase listed it in April 2022.
Cointime News Wrapup-Afternoon Version: Former Executive Nishad Singh Pleads Guilty to Criminal Charges in FTX Collapse
Nishad Singh, former engineering chief of bankrupt cryptocurrency exchange FTX, pleaded guilty to fraud and several other criminal charges at a hearing on Tuesday related to the collapse of the company, Bloomberg reported.
Coinbase Survey: 20% of US Adults Currently Own Crypto
A national survey commissioned by Coinbase suggests that about 20% of U.S. adults currently own crypto. In addition, 29% of U.S. adults plan to buy or trade crypto in the next 12 months. “The vast majority of Americans want to see the financial system updated and they believe crypto can be a powerful part of the solution,” Coinbase said. (Bitcoin.com)
Coinbase Shares Up 6% Since Unveiling Layer-2 Ethereum Network Base
Cryptocurrency exchange Coinbase revealed last week that it’s launching its own Ethereum layer-2 network, and investors may be warming up to the announcement despite a regulatory crackdown across the digital assets industry.
Coinbase Launches Nationwide Grassroots Pro Crypto Policy Campaign
Coinbase will provide the community with various tips related to local politicians and the crypto landscape.
Euro-Backed Stablecoin Euro Coin Is Now Live on Coinbase
Euro Coin, originally introduced by Circle in June 2022, is pegged to the value of the euro and is 100% backed by euros in EUR-denominated bank accounts.
Coinbase Lists Circle’s Euro Stablecoin, EUROC
Coinbase has listed Euro Coin (EUROC), according to an announcement from the company on Feb. 28.
Binance USD Stablecoin Gets Booted Off Coinbase Amid Mounting Regulatory Pressure
San Francisco-based cryptocurrency exchange Coinbase is kicking Binance USD (BUSD) off its platform. Coinbase cited failure to meet its listing standards as the rationale behind the decision to delist the Binance-branded dollar-pegged stablecoin.
