Even among the crypto faithful, confidence in stablecoins has been shaken, and calls for regulation have intensified. Sen. Pat Toomey (R., Pa.) has proposed legislation, but the real question is why the government continues to sidestep existing laws and protections to coddle a stagnant, wasteful technology in search of a...
America’s largest crypto exchange Coinbase came under pressure as credit ratings agency Moody’s downgraded the company’s Corporate Family Rating (CFR) to Ba3 from Ba2 and its guaranteed senior unsecured notes to Ba2 from Ba1. “Today’s rating action reflects Coinbase’s substantially weaker revenue and cash flow generation due to the steep...
Bitcoin investor Tim Draper believes the cryptocurrency is primed for an epic turnaround. His billionaire status depends on it. Roger Kisby/redux Venture capitalist Tim Draper thinks cryptocurrency is going to go up more than 10-fold by the end of 2023. He isn’t the only crypto mogul whistling in the dark....
Coinbase Derivatives Exchange, previously FairX, is all set to launch its first listed crypto derivatives product – Nano Bitcoin futures (BIT). BIT Futures on Coinbase Derivatives Exchange According to the official announcement, BIT will be available to retail investors to trade from June 27 on the CFTC-regulated futures exchange. Boris...
The global crypto marketcap plunged from $1.7 trillion from the start of May to $929 billion, as of June 24, 2022, as per the data by CoinMarketCap. Crypto firms are now taking cautious steps to survive the ongoing crypto market crash. Ihe Indian crypto industry is likely to hire more...
Before I’m accused of being alarmist, crypto isn’t doomed. Rumours of a crypto armageddon are vastly exaggerated. The provocative title is taken from a cheeky ad that Coinbase, the world’s largest crypto company, ran earlier this year at the US Superbowl, proclaiming “Crypto is dead, long live crypto”. Little did...
Shares of the large U.S. crypto exchange Coinbase (NASDAQ: COIN) took a hit this morning after Binance.US announced plans to eliminate fees on spot Bitcoin (CRYPTO: BTC) trades for users that make those trades with the U.S. dollar, Tether, USD COIN, and Binance USD. The move comes as the crypto market is...
Cryptocurrencies fall sharply as Govt moves to introduce Bill in parliament Much to everyone’s surprise, the Crypto market has been suffering massive doldrums of late, with reportedly total market capitalization of crypto below $1 trillion for more than a week now. Following the brutal carnage and unabated liquidations from the...
Trading volume on Coinbase historically has moved in tandem with the price of bitcoin, but that pattern may be breaking now, according to Mizuho. Like stocks, cryptocurrencies have been falling for the past six months, with small rebounds scattered throughout the year. Mizuho found trading volumes have continued to surge...
One decentralized finance (DeFi) altcoin is surging after being added to top US crypto exchange Coinbase’s roster of digital assets. Coinbase says DeFi Yield Protocol (DYP) and five other Ethereum-based altcoins will start trading paired with Tether (USDT) once appropriate liquidity conditions are met. DeFi Yield Protocol aims to offer...
