Coinbase Will Not Support GALA V2 Airdrop
The core utility token for Gala Games, GALA, has been on a downward trend over the past three months, and this decline may continue as Coinbase, the largest US crypto exchange, has decided to deprecate existing Gala V1 and not support the Gala V2 airdrop. Coinbase will deprecate GALA V1 on May 15, 2022, but issue GALA V2 under a new contract address. The crypto exchange will suspend trading for Gala V1 on May 12, 2023, ahead of the May 15 snapshot. Coinbase has chosen not to support any airdrop of Gala V2, and users will not receive any GALA crypto via airdrops after the planned snapshot. Coinbase users who want to receive a Gala V2 airdrop from the Go GALA Games team need to transfer any GALA V1 from their wallet into self-custodial wallets before the snapshot. (coingape)
Coinbase Remains '100% Committed' to US Market
Coinbase CEO Brian Armstrong has reassured investors that the company has no plans to move its operations out of the US, despite regulatory uncertainty. Armstrong said that the company is "100% committed" to the US market and optimistic that Congress will soon pass a clear set of rules for crypto firms to follow. However, he expressed concern about the unpredictable enforcement actions of the Securities Exchange Commission. Coinbase recently launched Coinbase International Exchange for customers in 30 countries worldwide, prompting speculation that the company was looking for an escape route from the US. Coinbase's Q1 revenue increased 22%, and its net income loss was reduced from over $475 million to $79 million. (Cointelegraph)
AI Is ‘Definitely the Talk of the Town,’ Coinbase CFO Says
Coinbase Global Inc. is taking a closer look at artificial intelligence and how it could affect all parts of its business, according to Chief Financial Officer Alesia Haas.
Coinbase Reports Increased Earnings in First Quarter, While Making the Call for “Crypto Specific Rules”
Crypto exchange Coinbase's total revenue grew 23 percent quarter over quarter to $773 million, according to a Coinbase shareholder letter released on Thursday afternoon.
Coinbase Reports Positive Adjusted EBITDA of $284 Million in Q1 2023 Shareholder Letter
The firm disclosed a quarter-over-quarter net revenue growth of 22%, accompanied by a 24% quarter-over-quarter reduction in total operating expenses.
Coinbase Stock Soars After-Hours on Strong Q1 2023 Revenue Growth
On Thursday (4 May 2023), Coinbase, Inc. (NASDAQ: COIN) released its First Quarter 2023 Shareholder Letter. The company reported a 22% Q/Q growth in net revenue, a 24% Q/Q decrease in total operating expenses, a net loss of $79 million, and a return to positive Adjusted EBITDA of $284 million.
Crypto Morning Briefing: Alibaba Cloud Builds Metaverse Launchpad on Avalanche
Arbitrum’s Chronos Reaches $217M TVL With Staking, Becomes 8th Largest DEX; Decentralized Exchange SushiSwap Rolls Out V3 Liquidity Pool on 13 Chains; Deloitte Enters the Polkadot Ecosystem To Issue Reusable Digital Credentials
Coinbase And Ripple CLOs Meet, Will XRP Listing Follow?
A new tweet by Coinbase Chief Legal Officer (CLO) Paul Grewal has sparked interest and speculations in the crypto community. The CLO expressed his appreciation to Ripple’s General Counsel, Stuart Alderoty, for their meeting, stating they needed to meet more often.
Coinbase to Cease New Loan Issuance Through Bitcoin Borrow Service
Global crypto giant Coinbase has announced plans to shutter its loan services. Effective May 10, Bloomberg reports, Bitcoin-backed loans will cease to be available to customers. The exchange emphasized a focus on prioritizing offerings of utmost importance to clientele, resulting in continuous evaluation of its products.
Crypto Evening Briefing: Bitcoin's Dominance Rate Surges After U.S. Banking Crisis
The cryptocurrency's dominance rate, which measures Bitcoin's share of the total cryptocurrency market capitalization, has risen to over 50%, its highest level in months.
