Crypto Evening Briefing: Crypto Startups Raise Approx $52 Million in the Past Week
Last week, crypto startups raised approximately $52 million, with Fedi raising $17 million and zkLink raising $10 million.
Coinbase CEO Brian Armstrong Heads To UAE For Strategic Developments
Coinbase CEO Brian Armstrong and VP of International & Business Development Nana Murugesan are in the UAE for strategic developments in the region, seeking to establish the country as a hub for Coinbase. The company is working with Abu Dhabi Global Market regulators for licensing and availability for Coinbase International Exchange after launching the derivatives exchange in Bermuda last week. The exchange is also seeking additional licenses and partnerships as Dubai's Virtual Assets Regulatory Authority builds a retail framework with virtual assets. The UAE has strong investor and customer protection, clear regulations, and the first dedicated crypto regulator in the world. Coinbase will engage with policymakers, regulators, partners, web3 and crypto founders, and clients amid the rapid adoption of crypto and Web3 in the country.
Coinbase Might Soon Offer Banking-Like Services, Claims Ripple Board Member
Ripple board member and an angel investor at PartyDAO, Asheesh Birla, predict Coinbase might offer crypto-enabled banking services.
Lawyer Expects SEC to Lose if It Sues Coinbase Due to 'Fatal Flaw' of Gary Gensler's Own Making
Lawyer James Murphy explained in a series of tweets Wednesday why he believes the U.S. Securities and Exchange Commission (SEC) will lose if it takes Coinbase to court.
Coinbase Is Transitioning From Crypto Exchange to Crypto-Enabled Banking Services, Says Former Ripple Exec
In Q1 2023, Coinbase's revenue on deposits via interest income, blockchain rewards, and custodial fees made up the majority of its revenues.
Coinbase is 100% Committed to the US Despite Regulatory Uncertainty: Brian Armstrong
Brian Armstrong, the co-founder and chief executive officer of major American cryptocurrency exchange Coinbase, revealed that the company is still 100% committed to the US market, despite the lack of regulatory clarity in the country.
Crypto Evening Briefing: Bitcoin Miners Reap Profits As Mining Difficulty Hits 3-Month Low
Bitcoin miners have received a boost in profits after the scheduled difficulty level adjustment resulted in a positive balance, which is the first time since February that the difficulty has decreased.
Ripple Board Member Hints Coinbase’s Next Move
Coinbase, the largest cryptocurrency exchange in the United States, has won the first legal round against the Securities and Exchange Commission (SEC) to achieve regulatory clarity around digital asset trading. Amid this win, Coinbase has announced the launch of an international exchange offering Bitcoin and Ethereum perpetual futures. Asheesh Birla, a board member at Ripple, has hinted that Coinbase is transitioning from a crypto exchange to a crypto-enabled banking service, with a mission to build a more fair, efficient, accessible, and transparent financial system for digital assets. Coinbase has also stated its dedication to partnering with high bar regulators across US and non-US jurisdictions to update the financial system.
Coinbase Chief Legal Officer Reacts to XRP Relisting Concerns
Coinbase's Chief Legal Officer, Paul Grewal, has stated that the exchange would only consider relisting XRP if the cryptocurrency meets certain conditions. Grewal emphasized that Coinbase would conduct a thorough assessment of XRP, even if the judge presiding over the Ripple-SEC lawsuit classifies it as a non-security. He added that Coinbase is eager to hear Judge Analisa Torres' final verdict and will weigh the court's determination before making any decision about relisting XRP. Coinbase delisted and ceased trading for XRP in 2021 following the SEC's lawsuit against Ripple, claiming that XRP is an unregistered security. The XRP community has been calling for the relisting of the cryptocurrency, but Coinbase cites regulatory issues as the reason for not supporting it.
XRP Lawyer Confident Of Public Interest Consideration By Judge Analisa Torres
John Deaton, the attorney representing XRP token holders in the SEC lawsuit, expressed confidence that the community support will work in favor of Judge Torres’ decision. He made the comment in context of speculation on Coinbase listing XRP and Ripple’s XRPL using the token.
