Coinbase

Coinbase has selected Lightspark to integrate the Bitcoin Lightning Network. This initiative aims to enhance the platform with faster and more cost-effective Bitcoin transactions, an important step towards improving efficiency. Coinbase to Integrate the Bitcoin Lightning Network The Bitcoin Lightning Network, a Layer 2 payment protocol, enables quicker transactions than Bitcoin’s primary network by reducing the blockchain’s burden. Lightspark, which specializes in providing access to the Lightning Network, has been working with Coinbase to implement this technology. Through its software,…

Amidst a market-wide correction, Coinbase experienced its second-largest Bitcoin outflow this week, with two massive withdrawals of 16,800 BTC and 17,000 BTC, respectively. Typically, when assets depart from centralized crypto exchanges like Coinbase, it indicates a bullish sentiment as it restricts the immediate selling pressure on those coins. Inflows to crypto exchanges, on the other hand, signal an impending sale, particularly following periods of significant price appreciation in a bid to secure profits. Various factors could explain the latest string…

On-chain data shows Coinbase has just witnessed its largest USD Coin (USDC) inflow. Here’s why this may be relevant for Bitcoin. Coinbase Has Just Seen A $1.4 Billion USDC Inflow As pointed out by analyst Maartunn in a post on X, a large amount of USDC has flowed into Coinbase during the past day. The on-chain indicator of interest here is the “exchange inflow,” which keeps track of the total amount of a given asset entering into the wallets associated…

[PRESS RELEASE – San Francisco, United States, March 29th, 2024] The leading modular layer 2 blockchain for real-world assets (RWAs), Plume Network, has announced that they have partnered with Coinbase Wallet. This Smart Wallet integration means enhanced security, smoother transactions, and seamless access to the RWA ecosystem for all Plume users. Coinbase’s SDK seamlessly integrates within the Plume ecosystem, and boasts several benefits: Instant Setup: No apps/extensions are needed. Easy Funding: Use your Coinbase balance effortlessly. Take It Anywhere: Your balances,…

The United States Securities and Exchange Commission secured a major win in court after a judge ruled in its favor and denied Coinbase’s motion to dismiss.  According to the judge’s ruling, the Securities and Exchange Commission’s claim that Coinbase engaged in the sale of unregistered securities could be heard by a jury at trial.  Big Win For The SEC  US District Judge Katherine Failla’s decision clears the path for the Securities and Exchange Commission to pursue its lawsuit against Coinbase.…

The post Will Coinbase Have the Same Fate As Ripple? Here’s What To Expect Next in Coinbase vs SEC Lawsuit appeared first on Coinpedia Fintech News Coinbase faces another setback as the U.S. District Court for the Southern District of New York denies its motion to dismiss the SEC’s case against the company. It is a major Blow to Coinbase, while the SEC will get the upper hand. The real battle starts now and promises to be a prolonged legal…

The positive Bitcoin Coinbase Premium that drove the latest rally above $70,000 has dissipated, suggesting buying has already slowed down. Bitcoin Coinbase Premium Gap Has Returned To Neutral Levels CryptoQuant Netherlands community manager Maartunn explained in a post on X that the Bitcoin Coinbase Premium Gap has declined back toward the neutral line. The “Coinbase Premium Gap” here refers to a metric that keeps track of the difference between the BTC prices listed on cryptocurrency exchanges Coinbase (USD pair) and…

In a recent development, data from crypto analytics firm Glassnode shows that the amount of Bitcoin held on Coinbase has reached a 9-year low. This has raised the possibility of the flagship crypto rising to a new all-time high (ATH) of $75,000 soon enough.  BTC Held On Coinbase Drops Significantly  According to Glassnode, the Bitcoin balance on Coinbase dropped to a nine-year low of 344,856 on March 18. This suggests that Bitcoin investors are choosing to move their holdings off…

Bitcoin reclaimed another crucial resistance area as it climbed above $69,000 this week. With the upcoming halving drawing near, investors are preparing for the price fluctuations that accompany this event. However, the latest data suggests a promising trend for the leading crypto assets as two critical factors shift positively. According to CryptoQuant’s analysis, the Coinbase Premium Index is now higher once again. Such a trend is essentially indicative of renewed interest from US retail and institutional investors. Meanwhile, spot Bitcoin…