Coinbase

The Coinbase exchange looks forward to using the Polygon blockchain in its operations. The Ethereum layer two protocol is going to act as the exchange’s scaling solution. According to Coinbase, applying the Polygon blockchain also benefits Ethereum’s network. The merger can solve various issues on Ethereum, such as high fees. Polygon Partners with Coinbase Ethereum’s network continues to face scalability issues as it moves to a PoS ecosystem. Thus, such problems led to the development of a scaling solution known…

Try to picture this: you've finally mustered the courage to plunge into crypto. Everything is going right for you. You're mastering the hacks to optimize your investment and are looking forward to a fulfilling experience within the space. Then it happens. You log in to your account and find that you can't access it anymore, let alone transact in it. In a panic, you try customer support to no avail. Next, you can't help asking how you got here. Is it…

A report from CNBC suggests the Coinbase exchange allegedly neglected its customers' queries on unmonitored account takeovers. CNBC held several interviews with the exchange's customers, who claimed money vanished from their accounts, and Coinbase didn't explain why. A pattern came out where cybercriminals took over Coinbase accounts, and there was minimal or no response from the network's customer service. Coinbase Users Raise a Cause for Alarm Tanja Vidovic witnessed the draining of $168,000 from her crypto account after someone gained…

Brian Armstrong, the co-founder, and CEO of Coinbase, made a stunning announcement recently. The platform intends to buy around $500 million worth of cryptos, according to a tweet.  The news follows a go-ahead by the platform's board, according to the CEO's tweet. Coinbase will make the purchases on its balance sheet to shore up its holdings. Part of a Bigger Plan The purchase is quite possibly the tip of the iceberg. According to the same tweet, Coinbase will commit 10%…

Bitcoin, Ethereum, Dogecoin, Binance Coin, Cardano, XRP, and several other top cryptocurrencies were seen struggling for most of the week. The market cap of all cryptocurrencies together had tumbled under $1.4 trillion from $1.75 trillion on Tuesday. Bitcoin, for instance, had topped the $40,000 price mark on Monday following Elon Musk's tweet on Tesla suspending vehicle purchases using Bitcoin over the weekend. However, shortly after that, it resumed its drop after Tuesday end of the day, falling back toward $30,000…

Crypto exchange platforms are a significant player in the cryptocurrency trade process. The importance is well signified by the presence of around 504 crypto exchanges in operation globally. They play the key role of enabling the withdrawal, deposit, and exchange of cryptos. Among these huge numbers, there are those exchanges that stand out by having the highest market capitalization. They get the lion's share of customer traffic thanks to their popularity as well as high liquidity. This article will make…

On 14th April 2021, Coinbase went public by listing its shares on Nasdaq. It listed the share under COIN, and the move had excellent results on Coinbase’s value.  At the time of registration in the exchange, the unit price was $381, about 52% higher than its reference price of $250. However, the price of the shares closed the day at around $328.28. Accordingly, the value of Coinbase stood at around $100 billion on 15th April, around 1000% more than the…

For Dogecoin (DOGE) holders, the times couldn't be more exciting. Buoyed by endorsements from the likes of Elon Musk and Mark Cuban, the so-called joke coin has appreciated sharply in value. And it seems that the interest it had generated isn't waning anytime soon. Coinbase, U.S's popular crypto exchange platform, has announced plans to list DOGE in the coming weeks. Accelerating Asset On-Boarding According to Coinbase's CEO Brian Armstrong, the exchange is working to accelerate its assets onboarding process. Among…

Leading cryptocurrency exchange Coinbase has filed to go public on Nasdaq via a direct listing. This sets the stage for a landmark listing for the U.S cryptocurrency exchange and a first for the blockchain industry.  Filing Reveals Key Details On Coinbase This development was revealed by the U.S media outlet platform Reuters on February 25. According to the report, the exchange has disclosed its regulatory filing to the U.S financial regulators, paving the way for its listing on the U.S stock exchange. …