Coinbase Denies SEC Requested Delisting of All Non-Bitcoin Crypto Assets
Coinbase has contradicted statements made by its CEO, Brian Armstrong, which suggested that the SEC had requested the delisting of all non-Bitcoin crypto assets. Coinbase has denied that the SEC made any such demands and called the Financial Times’ coverage an “inaccurate representation of the facts.”
Coinbase: system issues that occurred earlier have been resolved
Coinbase (COIN.O) says a previously occurring system issue has been resolved, according to Jinshi Data.
Coinbase Suffers System Failure Issues Being Fixed
Cryptocurrency trading platform Coinbase suffered a system failure at 1:00 a.m. The problem has been identified and is being fixed, Cls reported.
Coinbase Chief: Richard Heart Accused of Transferring $26.9M to Tornado Cash
Conor Grogan, director of Coinbase, posted on social media that the Richard Heart address currently holds more than 35 million DAI and has transferred $26.9 million to Tornado Cash.
Data: 8.4 Million CRV Transferred to Coinbase, or About $5.4 Million
According to Whale Alert monitoring, 8.4 million CRV (approximately $5.4 million) were transferred to Coinbase from an unknown address.
Memecoin Madness Hits Coinbase's Base Network with 289,000% Gains and Rug Pulls
Coinbase's Ethereum layer-2 scaling solution Base has seen a surge in memecoin trading, with tokens like "BALD" experiencing gains of up to 289,000% within the first 14 hours of trading. However, these tokens have no official website, purpose, creator, or utility, and investing in them should be treated as gambling adjacent. Some investors managed to score a 100,000% return on a relatively small initial investment, but there is also the potential danger of scams, rug pulls, and severe financial losses.
SEC Asked Coinbase To Halt Trading in All Cryptocurrencies Except Bitcoin Before Lawsuit
Coinbase CEO Brian Armstrong has revealed that the US Securities and Exchange Commission (SEC) requested the exchange to halt trading in all cryptocurrencies other than Bitcoin prior to suing the platform over more than 200 tokens it offers.
Optimism's TVL Approaches $1 Billion Mark, but DEX Volumes Decline: Improvement Needed
Optimism's Total Value Locked (TVL) has experienced significant growth, surpassing the $900 million milestone and approaching the $1 billion mark. However, the volumes of decentralized exchange (DEX) on Optimism have been declining, indicating the need for improvement in the DeFi sector.
Coinbase's Layer 2 Blockchain Base Records Over $200 Million Trading Volume with Emergence of New Tokens and Crypto Degens Aping Them
Coinbase's layer 2 blockchain, Base, has seen a surge in trading volume, with over $200 million traded and more than half a million transactions recorded in the past 24 hours. This increase in activity is attributed to the emergence of new tokens such as OPTISM, BASED, and meme tokens like BALD. Crypto traders have made significant profits by bridging to Base and investing blindly in these new tokens. Despite the bridge launch not being scheduled until 2023, traders have been able to use a portal proxy contract to access the network and trade on decentralized exchanges like LeetSwap and RocketSwap.
Coinbase Executive Warns of Macro Factors Threatening Crypto Markets
David Duong, Coinbase's head of institutional research, has warned that macroeconomic factors could negatively impact the crypto markets in the short term. Duong cites the strength of the US dollar and the hawkish stance of central banks around the world as potential headwinds. He suggests being defensive in the short term and highlights interest rate differentials as a key factor to watch, particularly as the Federal Reserve prepares to announce its decision on interest rates. However, Duong believes that the trading environment for digital assets should improve in the second half of 2023, as the Mt. Gox settlements conclude and investors turn their attention to Bitcoin's upcoming halving.
