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Brian Brooks, an acting head of Office of the Comptroller of the Currency under Trump, will become CEO of Binance.US A former top U.S. banking regulator is set to join Binance.US, one of the worldâs biggest bitcoin exchanges, in the latest move by a cryptocurrency company to deepen its ties to Washington. Brian Brooks, an acting head of the Office...
The amount represents roughly 1.5% of his holdings. Coinbase insiders and early investors sold about $5 billion in shares in total during the leading cryptocurrency exchangeâs first day of trading on the Nasdaq earlier this week, according to series of filings made Friday with the U.S. Securities and Exchange Commission (SEC). CEO Brian Armstrong sold 749,999 shares in three batches...
The biggest cryptocurrency by market value dropped from roughly $60,000 to $52,148 in 15 minutes during the Asian session, liquidating almost $4 billion worth of positions in the derivatives market
The hype around ether is also reflected in the derivatives market. Ether (ETH, -2.06%) continued its rally on Thursday after the Berlin hard fork on the Ethereum blockchain went live earlier the day, surpassing $2,500 for the first time in history. The No. 2 cryptocurrency by market capitalization was traded around $2,498.91 at press time, just slightly down after it...
The Coinbase listing is seen as a watershed moment for the cryptocurrency industry. Coinbase, the biggest U.S. cryptocurrency exchange, went live with its direct listing on Nasdaq, on a day when bitcoin rallied to a fresh all-time high. The shares fluctuated in the first hours of trading, starting at $381 and initially jumping above $400 but dropping as of press...
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Officials at multiple government departments are increasing efforts to better understand any possible threat posed to the U.S. dollar by China's digital yuan. President Joe Bidenâs administration is reportedly troubled by the long-term effects a digital yuan may have on the dollarâs status as the worldâs reserve currency. According to a Sunday report by Bloomberg citing unnamed sources, officials at...
The group formerly known as the Chicago DeFi Alliance has added a prominent member to its ranks. Coinbase announced in a tweet Thursday it had joined the DeFi Alliance. Launched in early 2020 as the Chicago DeFi Alliance, the group provides mentorship and funding for early stage tech teams working in the $49 billion decentralized finance (DeFi) sector. DeFi includes...
Numbers published Tuesday ahead of a public listing next week show a profitable Coinbase capitalizing on the current market. Cryptocurrency exchange Coinbase saw a whopping 117% quarter-over-quarter increase in monthly transacting users, the firm revealed Tuesday in its voluntary earnings report. All those users helped Coinbase rake in $1.8 billion over the quarter, driving a net income of approximately $730...
A Californian couple has used tokenized rings to immortalize their marriage on the Ethereum blockchain. Rebecca Rose and Peter Kacherginsky, employees of leading U.S.-based crypto exchange Coinbase, have revealed how they used Ethereumâs blockchain to become lawfully wedded. On April 3, Rose posted to Twitter to announce the pair had tied the knot on March 14 in both the physical...