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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...
Coinbase branding will feature across the BLAST Premier Spring Showdown in April and June. Cryptocurrency exchange Coinbase has signed a sponsorship deal with Counter-Strike: Global Offensive (CS: GO) esports tournament organizer BLAST Premier. Headquartered in Denmark, BLAST Premierâs CS: GO professional esports league launched in 2020. It is primarily based in two regions: North America and Europe. The series is...
Amid the threat of dollar debasement, Krakenâs Jesse Powell believes Lamborghinis and Bugattis may be a better measure of Bitcoinâs value in the future. Appearing on Bloomberg, Kraken CEO Jesse Powell explained why he believes dollar-based long-term price predictions for Bitcoin are flawed, emphasizing the inflationary nature of fiat currencies. Responding to a question asking Powell for end of year...
The SEC says LBRY sold unregistered securities. The U.S. Securities and Exchange Commission (SEC) is pursuing yet another case of a blockchain company allegedly selling unregistered securities. According to court documents filed Monday, peer-to-peer content distribution network LBRY is being accused of selling âmillions of dollars worth of unregistered securities to investorsâ beginning in 2016. The securities regulator is seeking...
The difficulty underscores how even in a roaring bull market, crypto still struggles to gain widespread acceptance as a payment method. Tesla is not making it attractive to pay for a model S, 3, X or Y in bitcoin (BTC, +4.52%). This week, CEO Elon Musk announced via Twitter (where else?) that his upstart automaker had begun letting interested buyers...
Cryptocurrency exchange FTX is on the brink of securing naming rights to Miami Heatâs stadium until 2040. FTX has reached an agreement with Miami-Dade County on a 19-year partnership worth $135 million, to name Miami Heatâs home stadium the FTX Arena. The cryptocurrency derivatives exchange backed by Alameda Research, is set to become the first member of the crypto industry...
While Bitcoin is up 900% in the last 12 months, shares in the four largest publicly-traded mining firms are up 5,000% over the same period. Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically outperformed BTC over the past 12 months. Appearing on CNBC, Fundstratâs vice president of digital asset strategy, Leeor Shimron, shared...
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