American Crypto Ownership Steady Despite Tough Year: Coinbase Survey
More than 50 million Americans own crypto, or 20% of the adult population, a recent survey commissioned by Coinbase found. That number has held steady for more than a year despite the tumult in digital assets.
Coinbase Launches Base Testnet & Enhances Dapps Onchain
Incubated within Coinbase, Base testnet goes live with the ability to enable developers to come up with secure and low-cost decentralized applications. Base has been developed with the intention of keeping it developer-friendly solely for the purpose of making it easier for every developer across the world to construct their ideas into reality.
Cointime News Wrapup-Afternoon Version: 30-Day Crypto Capital Flows Return to Positive Levels
Money is returning to crypto markets faster than it is leaving as capital flows turn green again for the first time in nine months.
Coinbase Hit with Proposed Trademark Lawsuit over Nano Derivative Products
Crypto exchange Coinbase has been named as a defendant in a legal complaint brought by NanoLabs — the company behind the digital currency Nano (NANO) — over alleged trademark infringement. In the Feb. 24 filing with the California Northern District Court, NanoLabs alleged Coinbase's Nano Bitcoin futures contract and Nano Ether futures contract products infringe on trademark rights owned by them. It’s also alleged the infringement has caused NanoLabs economic detriment and weakened its brand identity, resulting in “actual damage and irreparable harm." (Cointelegraph)
Lookonchain: Voyager Is Selling Assets Through Coinbase
Lookonchain noticed that Voyager had received 100M USDC from Coinbase in the past 3 days. And Voyager has sent assets to Coinbase almost every day since Feb 14.
Crypto Retrenchment Persists With Over 2,000 Jobs Lost in 2023
The digital-assets industry has shed more than 2,000 jobs in the first two months of 2023, as companies continued to retrench even as crypto prices staged a partial recovery.
Blur Airdrop and Coinbase Free NFT Mint Send Ethereum Gas Fee to Yearly High
The recent yearly high in gas fees recorded on the Ethereum network was triggered by the Blur airdrop rush and the ongoing free NFT mint connected to Coinbase’s layer-2 project, Base.
Coinbase Released Its Own Blockchain; Jump Crypto 'Exploit' Wormhole Hacker | Cointime Weekly Feb.19 – Feb.25
Judge says NBA Top Shot moments NFTs are securities; IMF said crypto assets should not be legal tender; Hong Kong outlines upcoming crypto licensing regime; how to evaluate blockchain analysis tools.
Coinbase CEO on Current Narrative in Crypto: “We’re in One of Those Despair Phases Right Now”
Coinbase CEO Brian Armstrong addressed the state of the crypto cycle, emphasizing that the market tends to flip every two years between irrational exuberance and despair. Coinbase is focused on the fundamental indicators, separating the signal from the noise, and sees an opportunity in the despair phase. Armstrong notes that the number of software developers working in crypto has doubled since 2020, and many major brands have started integrating Web3 and NFT technology into their products, which will require customers to use a crypto wallet. Coinbase is positioned to benefit as a result.
