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Coinbase is introducing spot cryptocurrency trading on its international exchange, marking a significant step towards its global expansion strategy.  Starting Dec. 14th, institutional traders can engage in Bitcoin (BTC) and Ether (ETH) transactions, paired with the USDC stablecoin. Greg Tusar, who leads institutional product development at Coinbase, emphasized the strategic importance of offering both spot and derivatives trading concurrently in an interview with Bloomberg.  We are excited to announce the next phase of our Coinbase International Exchange expansion – the launch of non-US spot markets for eligible customers, designed to address the unique needs and demands of our global user base. pic.twitter.com/JWEChT5BDa — Coinbase ️ (@coinbase) December 13, 2023 You might also like: Will Bitcoin ETFs follow gold ETFs’ path to success? Coinbase’s expansion arrives when the SEC is actively pursuing legal action against the firm. The SEC alleges tha...

Coinbase has launched a new advocacy organization, Stand With Crypto Alliance. The aim is to mobilize the crypto industry to participate in the US legislative process. The Stand With Crypto Alliance also aims to help shape the crypto landscape in the US for future generations. Coinbase’s new organization will focus on organizing a powerful crypto community of Americans that will work to help US legislators create new crypto policies and regulations. You might also like: Coinbase becomes officially available for Canadian citizens Stand Crypto Alliance is the nation’s first independent advocacy organization in the US. Coinbase stated on their website, “Lawmakers have kicked the can on writing clear rules of the road, allowing unelected, uninformed regulators to reign unchecked, pursuing policies that are undermining U.S. economic security, and putting U.S. leadership in innovation at risk.” Stand Crypto Alliance Moreover, Coinbase claims that 87% of Amer...

PayPal’s stablecoin announcement and a handful of Ether ETF applications are bulls’ biggest hopes for a price trend reversal. Ether (ETH) price has been locked within a tight trading range spanning from $1,800 to $1,900 since July 21. This remarkable lack of volatility has instilled a sense of uncertainty and skepticism among investors, despite recent positive developments which include the launch of PayPal's Ethereum-based stablecoin, and a surge in requests for Ether-based exchange-traded funds (ETFs). PayPal's entrance into the world of cryptocurrencies could signify a major step toward mainstream adoption for Ethereum. However, this move also raises concerns about centralization and the potential loss of control over personal assets. At the same time, the United States Securities and Exchange Commission (SEC) has recently witnessed a surge in applications for Ether exchange-traded funds (ETFs), which mirrors a trend of major asset management firms seeking to establish spo...

One of the largest cryptocurrency exchanges to hold a multi-week event on blockchain where the community celebrates art, music, gaming and more. Presented by Coinbase, the Onchain Summer festival will bring the community together for three weeks in August to build, socialize, play and celebrate innovation. The inclusive nature and global reach of cryptocurrencies and blockchain technology have given rise to a diverse community of individuals from various nationalities, cultures, backgrounds and socioeconomic statuses. The influence of crypto and blockchain expands beyond financial technologies, and the community reflects that by spanning across different sectors, including health care, gaming, retail, social and political domains. For this vast network of enthusiasts, estimated to surpass 420 million people worldwide in 2023, touching base and socializing about common interests is crucial. This is why the crypto and blockchain ecosystem is never short of conferences, festivals and sum...

Top publicly traded firms reveal their Bitcoin (BTC) portfolio s. MicroStrategy leads the list, showcasing the fusion of traditional finance and digital assets. Crypto analytics website CoinGecko has analyzed the top 10 publicly traded companies with the largest Bitcoin portfolio s. The report provides a detailed account of their BTC holdings and associated performance. The list includes MicroStrategy, Block, Tesla, and other moguls that keep investing in crypto despite the bear market. Top 5 companies holding Bitcoin | Source: CoinGecko MicroStrategy MicroStrategy, Inc., under the leadership of CEO Michael Saylor, has become a torchbearer for Bitcoin among publicly traded companies. The firm holds a formidable Bitcoin portfolio of 152,333 BTC, more significant than any other public company. The total BTC acquisition cost for MicroStrategy is around $3.6 billion, a substantial financial commitment. As of July 2023, considering Bitcoin’s valuation of approximately $30,090...

Ethereum could eventually fall afoul of the SEC, but at the moment, key data points suggest ETH is poised to hold the $1,800 level. Ether’s (ETH) price retested $1,780 after the news of the U.S. Securities and Exchange Commission suing cryptocurrency exchanges Binance and Coinbase but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day support.  The SEC actions are actually a double-edged sword for Ethereum and on crypto Twitter, some analysts attributed the bounce in Ether as a result of it not being listed as a security in either of the cases brought against Binance and Coinbase. For instance, the SEC explicitly mentioned BNB, Solana (SOL) and Cardano (ADA), which are direct competitors to Ethereum’s smart contract processing capabilities. However, as noted by analyst Jevgenijs Kazanins, Ether’s omission does not mean that it has the green light from the SEC. SEC did not mention #ETH in the list of tokens that i...

“Lightning is great and something we’ll integrate,” Armstrong said in response to an allegation that he was “ignoring” the network. Bitcoin (BTC) layer 2 scaling solution Lightning may feature on the cryptocurrency exchange Coinbase in some capacity, according to its chief Brian Armstrong. In a tweet on April 8, Armstrong said that “Lightning is great and something we’ll integrate” in response to a tweet criticizing him for “actively ignoring” the network. My tweets auto-delete after some number of months, so there is no search history. Lightning is great and something we ’ll integrate . — Brian Armstrong (@brian_armstrong) April 8, 2023 Armstrong provided no further details on what a Lightning integration with Coinbase would involve or when it could be expected. Coinbase, along with Binance and the now bankrupt FTX, has been called out in the past for not integrating the Lightning network which enables faster and cheaper BTC transactions than the Bitcoin base network. Accordi...