SEC’s Coinbase Insider Trading Case Is ‘Backdoor Rulemaking,’ Trade Association’s CEO Says
The Chamber of Digital Commerce is trying to stop a case brought by the U.S. Securities and Exchange Commission (SEC) against a former Coinbase (COIN) employee accused of insider trading. The organization’s founder, Perianne Boring, said if the SEC succeeds, many digital assets could be defined as securities.
Crypto Morning Briefing: Coinbase’s In-House Blockchain Launch Followed By Impersonation Tokens
Bankman-Fried Asks Court for More Time To Negotiate Bail; Winning Key on Yuga Labs Dookey Dash Gets $1.1M Bid on OpenSea; XTZ Gains 16% As Tezos Foundation Announces Partnership With Google Cloud; Over 76K Addresses Now Hold Shiba Inu’s BONE as Price Nears $2
Coinbase’s In-House Blockchain Launch Followed By Impersonation Tokens
Coinbase launched its own Layer-2 blockchain yesterday, built in collaboration with Optimism in its OP stack. The new Layer-2 blockchain, named Base, will host many of Coinbase’s on-chain products and offer EVMs at low costs to developers.
Tokens of Optimism Ecosystem Surge as Coinbase Unveils its Layer 2 Base
Nasdaq-listed centralized digital assets exchange Coinbase (COIN) on Thursday announced an Ethereum scaling product that will leverage layer 2 network Optimism's technology. The news seems to have lit a fire under the cryptocurrencies from the Optimism ecosystem.
Cointime News Wrapup-Afternoon Version: SEC is Not the Appropriate Regulator for Stablecoins—Circle CEO
Afternoon version,US May Consider Alexander Vinnik for Prisoner Exchange With Russia, Lawyer Says
Unrelated BASE Token Jumped 250% After Coinbase Starts Layer 2 Network Base
Base Protocol’s BASE tokens jumped, then dumped, in the past 24 hours following an announcement by crypto exchange Coinbase about the launch of its layer 2 blockchain Base.
Crypto Exchange Coinbase Launches Ethereum L2 Scaling Network Called Base
The cryptocurrency exchange Coinbase has announced the deployment of Base, an Ethereum layer two (L2) scaling network, after developers launched the Base testnet on Thursday. The company said it is incubating Base within Coinbase and that the L2 chain will progressively decentralize over time. On Twitter, Coinbase stated, “Base is an Ethereum L2 that offers a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps. Our goal with Base is to make on-chain the next online and onboard 1B+ users into the crypto economy.” (Bitcoin.com)
Coinbase's New Layer 2 Blockchain, Base, Has Rocky Rollout
Just hours after Base's debut, the network was already experiencing problems, and users flooded social media to complain about the network's functionality.
Base Protocol’s Token Jumps 250% Despite No Affiliation With Coinbase
Base Protocol's token skyrocketed today, reaching a high of nearly $7.50 around 11:30 a.m EST after months of price stagnation below $1.
Coinbase Launches Testnet of Ethereum Layer 2 (L2) Network Base
The company plans to share their roadmap to mainnet in the weeks ahead and provide more resources for developers building on Base.
