Coinbase | ForkLog

ForkLog 22 02.04.2024

Coinbase Criticises Basel Committee’s Stablecoin Requirements

The Basel Committee on Banking Supervision’s requirements reveal an intent to significantly restrict banks’ holding and use of stablecoins. This is stated in comments from Coinbase on the organisation’s consultative document. “Many proposals are not based on the risks of stablecoins to the bank, but rather reflect other policy objectives that the Committee does not […]

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ForkLog 22 25.03.2024

Base’s Locked Asset Volume Surpasses $2 Billion

The total value locked (TVL) in the Layer 2 solution Base has reached $2.29 billion, according to L2BEAT. This figure includes the volume of USDC and several other assets issued on the network, totaling $1.27 billion. Data: L2BEAT. Since its launch, it took 203 days for the TVL to reach $1 billion and an additional […]

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ForkLog 16 21.03.2024

Coinbase’s Chief Legal Officer Urges SEC to Approve Ethereum ETF

Coinbase argues for treating Ethereum as a commodity. Coinbase Derivatives to list futures for Dogecoin, Litecoin, and Bitcoin Cash. The SEC lacks substantial reasons to reject applications for an ETH-ETF, according to Coinbase’s Chief Legal Officer, Paul Grewal. Sigh… again with the ETH misinformation as we await a decision on ETH ETPs. Ok—let’s talk about […]

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ForkLog 15 20.03.2024

Coinbase CEO Highlights Digital Asset Applications

Bitcoin serves as a reliable hedge against inflation and governmental manipulation, yet it has other applications as well. This was stated by Coinbase CEO Brian Armstrong in the company’s blog. “Experts often claim that cryptocurrency has no real utility beyond speculation and illegal activities. However, more than 50 million Americans and 400 million people worldwide […]

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ForkLog 19 20.03.2024

Coinbase Allies Urge SEC to Establish Cryptocurrency Regulations

The Crypto Council for Innovation (CCI), venture firm Paradigm, the U.S. Chamber of Commerce, and others have rallied behind Coinbase in its call for the SEC to formulate rules for the digital asset industry, reports The Block. In court filings as amicus curiae, these organizations argued that the Commission lacks a clear strategy for regulating […]

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ForkLog 16 13.03.2024

Coinbase Follows MicroStrategy with $1 Billion Convertible Bond Offering

Coinbase plans to raise $1 billion through a private placement of convertible debt. The cryptocurrency exchange intends to use the proceeds for debt repayment, general corporate purposes, and potential acquisitions. Investors will have an option to purchase an additional $150 million in securities. The offering includes a provision for “capped call transactions,” which aims to […]

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ForkLog 8 11.03.2024

Coinbase Highlights Potential Risks for Bitcoin’s Continued Growth

Despite Bitcoin reaching a new all-time high, the market may face challenges in maintaining its upward trajectory in the short term, according to Coinbase’s weekly report. “The unwinding of bearish positions, which initially fueled the rise, is likely exhausted. However, spot Bitcoin ETFs in the US remain a significant anchor for demand,” noted analysts David […]

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ForkLog 21 11.03.2024

Grayscale and Coinbase Discuss ETH-ETF Conversion with SEC

Coinbase presented arguments for converting Grayscale’s Ethereum Trust into a spot ETF. SEC representatives showed little enthusiasm during the discussion. Bloomberg and FOX Business see this as reducing the likelihood of product approval in May. Representatives from Grayscale and Coinbase discussed with the SEC the rule changes necessary to launch an ETF based on the […]

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ForkLog 10 05.03.2024

Coinbase Resolves Another Platform Glitch

The cryptocurrency exchange Coinbase has resolved an issue that caused delays on the platform and periodically reset user balances to zero. We have issued a fix which remediated the display issue impacting customer account balances and latency across https://t.co/ohqDivlp6Y. We appreciate your patience. https://t.co/7gsVeIvYMl — Coinbase Support (@CoinbaseSupport) March 4, 2024 On March 2, in […]

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ForkLog 65 29.02.2024

Coinbase Resolves ‘Zero Balance’ Glitch

Cryptocurrency exchange Coinbase has rectified a technical glitch that caused users’ account balances to disappear. Apps are now recovering. We had modeled a ~10x surge in traffic and load tested it. This exceeded that number. It’s expensive to keep services over-provisioned, but we’ll need to keep working on auto-scaling solutions, and killing any remaining bottlenecks. […]

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ForkLog 17 22.02.2024

Experts Warn of Risks in Spot Ethereum ETFs

Potential exchange-traded funds based on the second-largest cryptocurrency, which will lock assets in staking, pose risks to the Ethereum ecosystem, according to a report by S&P Global Ratings. Experts suggest that spot ETH-ETFs could become “large enough to alter the concentration of validators in the network for better or worse.” Analysts believe that potential issuers […]

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ForkLog 10 16.02.2024

Coinbase Reports $273 Million Quarterly Profit

In the fourth quarter of 2023, the cryptocurrency exchange Coinbase reported a net profit of $273 million. For the year, the figure amounted to $95 million with total revenue of $3.1 billion, the company announced in a letter to investors. Our Q4’23 and full-year 2023 update is in. Read the full shareholder letter and tune […]

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