Coinbase, Circle, Galaxy Digital, MicroStrategy Drop Silvergate After Bank Warns About Its Viability
Various crypto businesses distanced themselves from Silvergate following its decision to postpone the submission of its annual 10-K report to the Securities and Exchange Commission (SEC).
Can Optimism [OP] Benefit From the Latest Coinbase Move?
One of the ways in which Optimism would benefit from Coinbase’s layer 2 protocol would be through the fees generated by Coinbase.
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing
Coinbase announced on Thursday that it is no longer accepting or initiating any payments to or from the crypto-friendly bank Silvergate. Recently, Silvergate delayed its 2022 fiscal year 10-K filing with the SEC, citing the need for more time to complete the filing. Following the delay, the financial institution JPMorgan downgraded the company’s stock from “neutral” to “underweight.”
Crypto Morning Briefing: Coinbase No Longer Accepts Payments via Silvergate Bank
Tether Has No Exposure to Sinking Crypto Bank Silvergate, Says CTO; Japanese Popular Manga Captain Tsubasa NFT Sale Starts on March 2, 2023; Elon Musk and Tesla Accepting Bitcoin 'Opened Door' for Adidas' Web3 Plans; Binance Resumes Terra Classic Burns, Incinerates 8.8B LUNC
Coinbase No Longer Accepts Payments via Silvergate Bank
Cryptocurrency exchange Coinbase announced that it had terminated its partnership with Silvergate Bank as its U.S. dollar banking partner, citing the ongoing investigation. In an announcement tweet, the exchange said:
Coinbase Switches to Signature Bank From Silvergate for Prime Customers
Crypto exchange Coinbase (COIN) has switched to Signature Bank (SBNY) to facilitate its service for Prime account holders to Signature Bank.
Coinbase Delists Binance’s BUSD As Its Market Cap Shrinks by $6 Billion in Just 2 Weeks
Coinbase, has announced that it will suspend trading of Binance USD (BUSD) on March 13, 2023. The suspension will apply to Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime.
Coinbase Will Add Support for PRIME With the Experimental Label
Trading will begin on or after 11 AM PT today, 1 March 2023, if liquidity conditions are met.
Coinbase Will Add Support for PRIME on ERC-20 Token
Coinbase will add support for PRIME (PRIME) on the Ethereum network (ERC-20 token). Inbound transfers for this asset are available on Coinbase and CoinbaseExch in the regions where trading is supported.
Coinbase CEO Armstrong: We Delisted BUSD Due to Liquidity Concerns
Coinbase CEO Brian Armstrong said the exchange decided to suspend trading of Binance USD (BUSD) because the company had concerns about its liquidity.
