Coinbase Temporarily Suspends ETH Staking Reward Payouts
Coinbase has announced a temporary pause on issuing Ethereum (ETH) staking reward payouts due to an issue with ETH rewards becoming stuck. The exchange is currently investigating the issue and expects to resolve it within 48 to 72 hours. Additionally, a significant number of withdrawals were also stuck in the withdrawal queue, putting pressure on most ETH-staking platforms. Despite the recent Ethereum Shapella upgrade having positive implications for ETH holders, the ability to withdraw staked ETH remains a challenge for some platforms. Coinbase has recently received over 53,400 ETH deposits, with a significant portion coming from its cbETH deposit address.
Binance's Market Share Drops as Exchange Says It Doesn't Need More
Binance's market share in spot crypto trading volumes has decreased by almost 15% in recent months, dropping from 62% in February to around 47% this month. The decline is attributed to factors such as the exchange ending its zero fees on bitcoin trading and overall tepid trading volumes. However, Binance remains the largest spot crypto exchange in the world.
Coinbase Aims To Fill the Gap Left by Binance’s Exit From the Canadian Market
Binance, the world's largest cryptocurrency exchange, has announced that it will no longer serve Canadian customers due to new regulations related to stablecoins and investor limits. While Binance plans to return to Canada in the future, its departure has created an opportunity for competitors like Coinbase to fill the gap.
Coinbase's Methodical Growth and Embrace of On-Chain Technology Fuel Rapid Expansion
Coinbase, the largest crypto company in the US and a Fortune 500 crypto giant, has been expanding rapidly in the digital landscape. Jesse Pollak, the head of protocols at Coinbase, shared the company's strategies for growth and the launch of its latest open Ethereum layer-2 network, Base.
Ripple's Alleged Payment to Coinbase for XRP Listing Reignites Speculation
Allegations that Ripple paid Coinbase to have XRP listed on its platform first surfaced in April 2018 and were reignited following a recent ruling in the Ripple vs. SEC case. ScamDetective, an anonymous on-chain scam detector, asked for information on how much Ripple paid Coinbase, but Ripple's CTO, David Schwartz, has refused to provide further details. Some believe Schwartz's response implies there is undisclosed information regarding XRP's listing on Coinbase. Bloomberg first reported the allegations in 2018, claiming Ripple offered $100 million to Coinbase for the exchange to list XRP, but Miguel Vias, Ripple's former Head of XRP Markets, debunked the claims in 2019. However, the allegations resurfaced following Judge Torres' recent rulings in the SEC case.
Coinbase Expands Services in Singapore Amid Lack of US Regulatory Clarity
Cryptocurrency exchange Coinbase is exploring the possibility of relocating its headquarters to countries such as the Bahamas, the United Arab Emirates, and Europe due to the lack of clarity on crypto regulations in the US. To strengthen its global expansion strategy, Coinbase has launched Coinbase International Exchange in the Bahamas to offer derivatives trading.
Coinbase Temporarily Halts ETH Staking Reward Payout Due to Technical Issue
Coinbase has announced a temporary halt to the rewards payout for its ETH staking service due to a minor technical issue. The exchange is still accruing rewards and will set payouts once the issue is resolved, which is expected to take three days. Unlike other staking services, Coinbase's ETH staking service does not require a minimum of 32 ETH to begin staking, which has contributed to its increasing popularity. The halting of the staking service is unrelated to the SEC's actions against ETH staking, and Coinbase has also introduced a utility token for staked ETH.
Coinbase Expands Services in Singapore to Bolster International Presence Amid U.S. Regulatory Crackdown
Coinbase Global, a cryptocurrency exchange operator, is expanding its services in Singapore as part of its efforts to strengthen its international presence. This move is in response to regulatory crackdowns in the US, where the company is based. Coinbase has received approval from the Monetary Authority of Singapore to operate as a major payments institution and has secured a license to operate an international exchange in Bermuda. The company has announced that it is introducing no-fee purchases of USDC for customers using SGD and enabling staking for several cryptocurrencies in Singapore. A survey of 2,000 adults in Singapore found that a quarter of them consider crypto the future of finance, and 32% of them own or used to own crypto.
Coinbase Temporarily Pauses Payouts of ETH Staking Rewards Due to Technical Issue
Coinbase, the largest cryptocurrency exchange in the US, has temporarily halted payouts of ETH staking rewards due to a minor technical issue. However, the exchange has assured users that rewards are still being earned and will be paid out.
Coinbase founder Brian Armstrong raises $40 million for NewLimit, a startup that wants to ‘cure aging’
NewLimit, a startup co-founded by Coinbase CEO Brian Armstrong, has raised $40 million in funding to research ways to reverse the aging process through epigenetics. The company aims to manipulate cells so that cells that have become "old" can flip back to a youthful state. While Armstrong did not specify how many years of life extension this research may provide, the focus is more on extending healthy years and quality of life. NewLimit's initial research will focus on T cells of the immune system. Armstrong compared NewLimit's efforts to SpaceX, noting that while the ultimate goal is ambitious, partnerships and revenue from more immediate applications can help advance the overall mission.
