Coinbase Product Head Departs for a16z Crypto
Surojit Chatterjee, who served as the chief product officer for cryptocurrency exchange Coinbase (COIN), has joined venture capital firm Andreessen Horowitz (a16z) as an executive in residence for its crypto unit, according to a tweet.
Staking Revenues Under Threat As Coinbase Shares Tumble 22%
U.S. regulators set their sights on crypto-staking services this week, and Coinbase shares tumbled 22%.
Crypto Morning Briefing: Huobi To Expand in Hong Kong As It Bets on China, Secret Network Votes Unanimously to Turn Foundation Into Non-Profit
Huobi Global plans to expand its operations in Hong Kong; Binance announced a major upgrade to its Proof of Reserves Verification system to include zk-SNARKs; C3 raised $6 million in a seed funding round led by Two Sigma ventures
Coinbase’s Staking Service Faces Questions After Kraken’s SEC Settlement
Though Coinbase’s (COIN) current revenue from staking is relatively small, there is potential for speedy growth if the U.S. Securities and Exchange Commission (SEC) doesn’t crack down on the service altogether.
Crypto Evening Briefing: Microsoft Kills Its Industrial Metaverse Team After 4 Months; Binance Deploys Zk-SNARKs on Proof-of-Reserves System
Coinbase is not planning to halt staking program despite SEC's crackdown on service. Bank of England mentions Ripple in its digital pound consultation paper.
Coinbase Users Converts Over $5 Bn USDC To Fiat In 24Hrs
The U.S. Securities and Exchange Commission (SEC) crackdown against crypto staking has caused panic in the crypto market. In the last 24 hours, Coinbase users have converted nearly $5 billion of Circle’s USD Coin (USDC) stablecoin to fiat due to panic caused by actions of US regulators.
Coinbase Not Planning to Halt Staking Program Despite SEC Crackdown on Service
Coinbase, a leading cryptocurrency exchange based in San Francisco, has announced that it will not halt its crypto staking program despite reports of the SEC’s crackdown against crypto staking services in the U.S.
Coinbase’s Stock Shreds 14% Following SEC Crackdown on Crypto Staking
The stock of leading U.S. cryptocurrency exchange Coinbase (COIN) has suffered its biggest daily loss in seven months after the country’s Securities and Exchange Commission (SEC) forced rival exchange Kraken to shut down its crypto staking services in a $30 million settlement deal.
Coinbase’s Staking Program Is Not Affected by Kraken Crackdown, Says Chief Legal Officer
Coinbase Global Inc.’s shares fell the most in more than six months after rival Kraken was forced to stop providing an investment service also offered by the largest US cryptocurrency exchange.
Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers
Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users to “participate directly in running open crypto networks.”
