CNBC Host Slams Libra Ever since Libra was unveiled, mainstream media coverage of the crypto industry has increased dramatically. While many new takes have been negative, with some cynics claiming that this new digital asset will...
CNBC Host on Bitcoin Halving In just under 300 days, Bitcoin (BTC) will its next block reward reduction, during which the number of coins issued per each block will get cut in half. This will be...
Summary: Grayscale’s digital asset product attention was backed up by Coinbase’s custodial division. However, the crypto exchange did not release the associated wallet addresses for each product. The crypto community wallet addresses of the Bitcoin trust...
Summary: Coinbase has stated that it has no financial exposure to Three Arrows Capital, Celsius Network, Voyager Digital, or any crypto company that has collapsed in the last few months. Coinbase points out that these crypto...
Summary: Coinbase’s hiring freeze has had a ripple effect on would-be employees who had accepted offers from the crypto exchange, only for the company to do a one-eighty degree turn. One candidate said he had given...
Bitcoin is a Safe Haven? According to Jihan Bowes-Little, an investor of Coinbase through his venture fund Bracket Capital, Bitcoin’s best use case at the moment is as a “store of value” or safe haven. He...
Summary: The CFTC has ordered Coinbase to pay $6.5 million for ‘false, misleading or inaccurate reporting and wash trading’ Coinbase is also ordered to cease and desist from any further violations of the Commodity Exchange act...
Summary: Coinbase users will no longer be able to borrow up to $1 million using Bitcoin as collateral. The crypto exchange plans to shut down its Borrow program starting May 10, 2023, due to insufficient demand...
WeWork has announced it will begin accepting crypto payments The move is in partnership with BitPay and Coinbase BitPAy will handle the payments with WeWork accepting Bitcoin, Etheruem, USD Coin (USDC) and Paxos (PAX) WeWork will...
Summary: The CoinFLEX team has announced that it has laid off a significant portion of its team to cut operational costs by 50 to 60%. CoinFLEX has also made cuts in non-staff costs. The team explained...
Summary: CoinFLEX has announced the resumption of crypto exchange trading services. However, withdrawals will be limited to 10% of user funds as 90% of all users’ assets are locked. The CoinFLEX crypto exchange has announced the...
Summary: The team at CoinFLEX has stated that they have a deficit of $84 million originating from ‘a large individual customer’ that had earlier been identified as Roger Ver. Initially, the deficit was estimated at $47...