Crypto Evening Briefing: Blockchain Funding in Africa Jumped 5x in 2022
Despite the challenges of 2022, the African continent's blockchain community has continued to attract significant investments, with blockchain venture funding increasing five-fold on a yearly level.
Coinbase ($COIN) Tanks 3% As CEO Hints Moving Offshore
Coinbase Global, the largest crypto exchange in the US, is potentially heading towards a legal battle with the US Securities and Exchange Commission (SEC) over regulatory clarity around digital assets. Coinbase CEO Brian Armstrong has hinted that the exchange may move offshore if financial regulators fail to provide the necessary regulatory clarity. The global digital asset market is experiencing a recovery rally, with Bitcoin's price surpassing the important $30,000 level and the cumulative crypto market cap standing at around $1.27 trillion. Amid the recovery, industry leaders are calling for regulatory clarity to operate legally, and Armstrong has stated that clear regulation and legislation onshore are necessary, and if leaders like the UK and US fail to provide clarity, crypto firms may build offshore havens. Coinbase's stock price has registered a surge of almost 2% in pre-market trading.
Coinbase Could Move Away From U.S. if No Regulatory Clarity: CEO Brian Armstrong
Coinbase CEO Brian Armstrong has indicated that the crypto exchange would consider relocating away from the US if regulatory clarity for the industry does not emerge. Armstrong said "anything is on the table, including relocating or whatever is necessary" after former UK Chancellor George Osbourne asked him whether he could see Coinbase moving out of the US at Fintech Week in London. Armstrong believes that the US has the potential to be an important market for crypto, but the lack of regulatory clarity is a concern. If regulatory clarity does not emerge in the US in the coming years, Armstrong suggests that Coinbase may have to consider investing more elsewhere in the world.
Cointime News Wrapup-Afternoon: Hong Kong’s Banks Are Taking Lead on What e-HKD Will Look Like
At least one bank is leaning towards developing it on a permissioned blockchain.
Coinbase to Help UK on Web3 Hub as Treasury Reportedly Revives Blockchain Taskforce
Coinbase has recommended nine ways for the UK to become a hub for the Web3 economy. The cryptocurrency exchange praised the UK's progressive regulatory efforts and said CEO Brian Armstrong will speak at a London FinTech conference on the subject. Coinbase's recommendations include developing a regulatory framework for crypto, ensuring collaboration between banking and FinTech sectors and promoting stablecoins. Armstrong recently met with the UK's Economic Secretary and City Minister, Andrew Griffith, to raise concerns over the de-banking of some crypto firms and the negative implications of the 24-hour "cooling off" period for investments in financial product promotions. (Cointelegraph)
Coinbase CEO Brian Armstrong Offloaded $1.8M Worth of Stocks in April
Coinbase CEO Brian Armstrong sold $1.8 million worth of the company's stocks in April, according to Dataroma data. This follows his sale of 89,196 Coinbase shares for $5.8 million in March, which sparked concerns among some in the crypto community about the timing of the sales. Armstrong had previously pledged to sell 2% of his stake in the company, and he is not the only Coinbase executive to sell stocks. Coinbase's COIN stock has performed well, rising roughly 92% year-to-date, coinciding with Bitcoin's return to above $30,000 and renewed interest in digital assets among investors.
Solana Bearish Signal: $22 Million In SOL Enters Coinbase
According to data from the cryptocurrency transaction tracker service Whale Alert, a large transaction has been spotted on the Solana blockchain during the past day.
Coinbase Airdrops 601 Million Flare (FLR) Tokens To XRP Holders
Coinbase, crypto exchange on Friday declared that it has completed the much anticipated Flare (FLR) tokens airdrop. It stated that more than 601 million FLR tokens have been distributed to eligible users (XRP holders).
Coinbase, CarMax, GameStop Lead List of Most ‘Squeezable’ Stocks
Traders betting against the shares of Coinbase Global Inc., CarMax Inc. and GameStop Corp. should be on high alert: The stocks are all prime candidates for a short squeeze that could stick these speculators with steep losses.
Coinbase Experiences Delay With ETH/ERC20 Crypto Sends, Fix Underway
April 14 (Cointime) - Cryptocurrency exchange Coinbase suffers a delay with ETH / ERC20 crypto sends. The issue has been identified and a fix is being implemented.
