$42 Million ETH Transferred From Coinbase to Unknown Wallet
According to <a href="https://twitter.com/whale_alert/status/1594050267594756096">Whale Alert</a>, 34,999 ETH (42,319,112 USD) transferred from Coinbase to unknown wallet.
Coinbase CEO Calling the Company “Undervalued” After Its 80% Stock Price Collapse
Brian Armstrong, the chief executive of the largest U.S. bitcoin, ethereum and crypto exchange Coinbase, has predicted looming crypto regulation will help the largest crypto companies over smaller rivals—calling the company "undervalued" after its brutal 80% stock price collapse.
Bank of America Downgrades Crypto Exchange Coinbase to Neutral in FTX Aftermath
Crypto exchange Coinbase (COIN) is now faced with a number of new headwinds because of the <a href="https://www.coindesk.com/markets/2022/11/12/the-epic-collapse-of-sam-bankman-frieds-ftx-exchange-a-crypto-markets-timeline/">collapse of rival FTX</a>, Bank of America said Friday, as it downgraded its rating on the stock to neutral from buy.
Fintech Firm TrueLayer To Power Coinbase Payments, Eyes Stablecoins
Fintech unicorn TrueLayer is partnering with Coinbase to enable UK users to top up their accounts via their mobile banking app. This is part of a broader push into digital assets as the open-banking company eyes adding a stablecoin product to its crypto-focused offering.
AVAX Expands Its Reach to Japan via Coinbase
After Coinbase lists AVAX on the platform, Avalanche blockchain enters the Japanese market. AVAX can now be traded on desktop computers and mobile devices throughout the region. The Avalanche blockchain’s native token can be used for minting non-fungible tokens, playing games in the Web3 sphere, funding DeFi applications, and safeguarding the network, among many others.
Coinbase to List Lido DAO ($LDO) On Ethereum Network
Coinbase announced that it will add support for Lido DAO ($LDO) on the Ethereum network. Trading will begin on or after 9AM PT on November 17th, if liquidity conditions are met. Coinbase also added MultiversX (Previously Elrond) (EGLD) to the roadmap today.
Coinbase: We Have Zero Exposure to Genesis Trading
Coinbase said on Twitter that they have zero exposure to Genesis Trading.
Coinbase CEO Brian Armstrong Sells More Than $1.6 Million in Shares
Coinbase CEO Brian Armstrong sold more than 30,000 Class A Coinbase shares for $1.6 million on Nov. 11, according to a filing with the U.S. Securities and Exchange Commission reported by Coinbase. He also converted Class B shares into Class A shares.
Coinbase officially enters the fray in XRP lawsuit to support Ripple against SEC
U.S.-based cryptocurrency exchange Coinbase has officially submitted its amicus brief to support Ripple Labs Inc. in the lawsuit the U.S. Securities and Exchange Commission (SEC) filed in 2020 against Ripple.
Kraken, Coinbase and Gate.io publish proof of reserves with liabilities
Prominent crypto exchanges Kraken, Coinbase and Gate.io became the first exchanges to publish proof-of-reserves, including liabilities, as part of their audits.
