Crypto Morning Briefing: SingularityNET Cardano Staking Portal Beta Launch Data Announced; Coinbase Is Building Its Own Ethereum Layer-2 Network Called 'Base'
Dapper Labs Said To Lay Off 20% More of Its Full-Time Employees; FTX Founder Sam Bankman-Fried Hit With Four New Criminal Charges; FTX Japan Reports $50M in Withdrawals Since Feb. 21
Crypto Trade Group Files Brief Urging Court to Dismiss Coinbase Insider Trading Case
The Chamber of Digital Commerce, a non-profit trade association that engages government officials on the use of crypto and blockchain, has urged a federal court to dismiss a case brought by the U.S. Securities and Exchange Commission (SEC) against former Coinbase employees accused of insider trading.
Coinbase Is Building Its Own Ethereum Layer-2 Network Called 'Base'
Coinbase has today unveiled Base, its own Ethereum layer-2 network. The company says Base will be the new home for the Coinbase’s on-chain products and—it hopes—an open ecosystem for millions of new decentralized apps.
Optimism Jumps 22% Following Coinbase ‘Base’ Layer 2 Announcement
Optimism (OP) jumped 22% to a local top of $3.095 at the time of press – marking a 15-day high.
Crypto Evening Briefing: Cathie Wood's ARK Buys Over $13M of Coinbase Shares
Investment manager ARK has added a total of around $13.2 million worth of Coinbase (COIN) shares.
Cathie Wood's ARK Buys Over $13M of Coinbase Shares
Investment manager ARK has added a total of around $13.2 million worth of Coinbase (COIN) shares, according to an investor email on Thursday.
Crypto Morning Briefing: Coinbase 2022 Losses Total $2.6 Billion As Crypto Tightens Belt; U.S. Congressman Introduces Bill To Block CDBC Roll Out
Binance To Burn $2B Idle BUSD on Feb. 22; Reddit Avatar NFTs’ Market Cap Exceeds $35 Million; Floki Inu New Partnership Exposes Floki To 140M Crypto Users
Coinbase 2022 Losses Total $2.6 Billion As Crypto Tightens Belt
American crypto exchange giant Coinbase released its Q4 2022 statements, showing a net loss of $557 million, signalling a quarter-on-quarter consecutive loss to the tune of $2.6 billion.
Coinbase Discloses Recent Cyberattack Targeting Employees
Crypto exchange Coinbase experienced a cybersecurity attack targeting its employees on Feb. 5. The attack came through SMS scams and involved impersonations of IT staff, according to a recent report from the company's engineering team. No customers' funds or information were impacted, the firm said.
Coinbase Beats Earnings Expectations
The leading U.S.-based crypto exchange reported $604 million in revenue in the fourth quarter of 2022, beating estimates that it would bring in $589 million. That’s 5% up from the $590 million the company made in the third quarter of the year.
