Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. Cryptocurrency wallet Coinbase suffered an outage on Wednesday, preventing many users from trading digital tokens like Bitcoin, Dogecoin, and fast-rising Shiba Inu. Customers who visited the site in the afternoon reported they were unable to...
The XRP legal team has won some recent skirmishes, which could force the SEC into a face-saving settlement. The U.S. Securities and Exchange Commission (SEC) seems to be experiencing a prolonged, incremental death by a thousand paper cuts regarding its lawsuit against Ripple, which alleges Ripple's cryptocoin XRP is an unregulated security. When the SEC filed its suit last December, many experts and analysts felt it was a death knell for XRP, as it was delisted from most crypto exchanges globally. With little opportunity to raise legal funds due to the delistings, many thought XRP might RIP.
This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox. Coinbase may be the most well-known crypto exchange in the U.S., but there are many companies in the broader space doing bolder things.
Robinhood stock fell sharply on Wednesday after a poor quarterly report. Crypto revenue suffered a 78% sequential dip. Coinbase should hold up better as a result of its more well-rounded offerings as a true cryptocurrency trading platform. Coinbase reports in two weeks. It can't afford to disappoint after its recent...
Coinbase will offer customers a 'get paid in crypto' direct deposit option. How to decide if it's right for you
Investing consistently in cryptocurrency just got a lot easier. In September, Coinbase announced that its users will soon be able to set up direct deposit with any percentage of their paychecks and can choose for the money to be deposited as U.S. dollars or any of the more than 100 cryptocurrencies available at the exchange, with no fees.
Cryptocurrency exchanges Coinbase and Crypto.com are now two of the most downloaded apps for the United States Apple App Store, topping the charts at first and third place, respectively. According to the Top Charts list on the Apple App Store, Coinbase has regained its position as the most popular app...
(Reuters) - The digital currency exchange Coinbase Inc has expanded its network of outside lobbyists, hiring a public policy leader at Wilmer Cutler Pickering Hale and Dorr in Washington, D.C., to advocate on cryptocurrency legislation as regulatory pressures mount. Wilmer's Rob Lehman filed a U.S. lobbying registration for Coinbase, based...
Coinbase said it would be storing the cryptocurrencies that Facebook will offer to users who sign up for its new digital wallet called Novi. Coinbase stock was up 2% following the news. Facebook launched its new digital wallet for cryptocurrencies called Novi Tuesday, and it hired Coinbase to help with...
Coinbase has opened a waitlist for a marketplace that lets users mint, collect and trade nonfungible tokens. The NFT market has boomed this year, with sales volume topping $10 billion in the third quarter, according to DappRadar. The move could be a way for Coinbase to branch out into new...
NBA agreed to a sponsorship deal with Coinbase. Terms of the deal were not provided, but Coinbase will get WNBA, NBA G League and USA Basketball branding. The National Basketball Association is preparing for its 75th anniversary on Tuesday. But it also increased its presence in the cryptocurrency space as it braces for the future.
As bitcoin hovers near its all-time high, a growing number of cryptocurrency companies are proving they can take a tiny set of resources and turn them into highly profitable enterprises very quickly. Dydx, a four-year-old San Francisco startup that lets traders outside the U.S. buy and sell cryptocurrency-based financial products,...
Here are some questions to ask before signing up with Coinbase. Coinbase is a popular cryptocurrency exchange that's ideal for new investors. If you're planning to buy Bitcoin (BTC) using U.S. Dollars and you live in any U.S. state except for Hawaii, you can do so in a couple of ways through Coinbase.
Cryptocurrency exchange Coinbase started new live phone support in the wake of thousands of customer service complaints. One Los Angeles couple lost about $700,000 from their Coinbase account. The company says it was not responsible for that hack. CNBC interviewed multiple customers who tried the new support option, with some...
Coinbase has tapped an investment banking and hedge fund veteran to run a new business unit tasked with building relationships with institutional cryptocurrency allocators. Paul Magahis joined Coinbase earlier this month from investment bank StoneX, where he served as co-head of capital introduction, according to two people with knowledge of the matter. Subscribe for full article.
An altcoin designed to power an automated crypto trading platform is skyrocketing after earning support from the top US crypto exchange, Coinbase. The Ethereum-based crypto asset Kryll (KRL) just shot from a 24-hour low of $1.02 to a high of $1.82 as it became clear that the coin will be listed on Coinbase Pro.
Coinbase stock (NASDAQ: COIN) has gained almost 11% over the last week (five trading days) considerably outperforming the S&P 500, which was up by just about 1% over the same period. The gains are likely driven by the recovery in Bitcoin prices in recent weeks. While the bellwether cryptocurrency saw a big sell-off through the summer, it has rallied by about 6% over the last week and about 24% over the last month, trading at levels of $57,000 as of Monday. Higher crypto prices typically bring more active users onto the Coinbase platform and drive trading volumes, helping Coinbase’s revenues. Coinbase previously guided that its monthly transacting user base could drop to between 5.5 million to 8 million for the full year, down from around 8.8 million in June 2021, and it’s possible that the recent increase in crypto prices could stem this decline to a certain extent.