coinbase Archives - Cryptotimes Africa

Coinbase Wallet has integrated with Onboard Global, a product of local Nigerian startup NestCoin, to offer Nigerians a more accessible way to purchase cryptocurrency via peer-to-peer exchanges. NestCoin was in the headlines back in November 2022 when it said it was forced to…

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Coinbase Dispels Rumors of Imposed $5,000-Per-Week Limit on Bitcoin Withdrawals

by Crypto Oracle October 24, 2023

Coinbase dismisses rumors of a BTC withdrawal limit, stating that these claims do not hold true. Coinbase confirms that such a withdrawal limit policy does not exist. On October 24, a post from a user on X garnered substantial attention, alleging that Coinbase had…

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Base Code Becomes Open-Source, Coinbase Stresses on Transparency and Partnerships

by Crypto Oracle October 20, 2023

Layer 2 network, Base has announced its decision to build in the open, allowing public access to smart contract codes, citing transparency, accountability, and partnerships. On October 19, Base released a statement explaining the decision to go open-source for both developers and the community,…

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Friend.tech’s Revenue Growth Exceeds 10,000 ETH Milestone

by Crypto Oracle October 2, 2023

Base-based, Twitter-linked decentralized social network Friend.tech is approaching ETH 11,000 in protocol fees. Friend.tech is a Social-Fi decentralised application (dapp) deployed on Coinbase’s Base. According to Dune Analytics, the total protocol fees hit ETH 10,727.622 (or $17,606,837), where they sit at the time of writing (Monday morning, UTC). …

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Vitalik Deposits 400 ETH to Coinbase, Total 2421 ETH Sent to Multiple CEXs in 10 Days

by Crypto Oracle September 25, 2023

Ethereum co-founder Vitalik Buterin has reportedly transferred 400 ETH to Coinbase, worth $632,000, resulting in a total transfer of $3.94 million worth ETH to various crypto exchanges in September alone. Data from blockchain analytics firm Spot on Chain revealed that the transaction took place at…

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Coinbase Receives $1 Million Amid Crypto Hack, Yet Victims Await Compensation – What’s Going On?

by Crypto Oracle September 18, 2023

Coinbase, the largest US cryptocurrency exchange, has raked in $1 million in profit from the recent hack of DeFi platform Curve Finance. The exchange has not yet returned the funds, which some argue belong to the victims of the hack, claiming that it…

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Coinbase To Implement Bitcoin Lightning Network For Faster Transactions Amid Growing Competition

by Crypto Oracle September 13, 2023

Coinbase CEO Brian Armstrong has announced the decision to integrate the Bitcoin (BTC) lightning network aimed at cheaper and faster transactions. The move will see the exchange join Binance, Bitstamp, Kraken, and OKX in implementing the solution as the competition for the…

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Coinbase CEO Acknowledges User Concerns and Vows to Enhance App Experience Amidst On-Chain Activity Surge

by Crypto Oracle August 14, 2023

Coinbase CEO Brian Armstrong acknowledges that the surge in on-chain activities on the new layer-2 network Base has revealed significant flaws in the user experience of the Coinbase app and is committed to enhancing it. In an August 13 Twitter post, Armstrong pointed out…

Industry

Coinbase Officially Launches Base Blockchain in Milestone for a Public Company

by Crypto Oracle August 9, 2023

The largest U.S. crypto exchange says its blockchain is the first to be launched by a publicly traded company and gives it a new revenue opportunity. Coinbase (COIN), the large publicly traded U.S. crypto exchange, said its new Base blockchain has gone live, heralding…

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Legal experts state that the SEC’s Binance and Coinbase lawsuits cast doubt on the future of listed tokens.

by Ridwan Ridwan June 12, 2023

Legal experts told CoinDesk that the U.S. Security and Exchange Commission (SEC) lawsuits filed last week against the two largest cryptocurrency exchanges by market volume will probably have a chilling effect on the 19 tokens mentioned in the filings, possibly forcing them…