Coinbase

The post Coinbase Sees $61M ETH Deposit as New Wallet Stakes $55M: A Connection? appeared first on Coinpedia Fintech News Amid high whale activities in the market, a whale recently claimed 30,007 ETH worth almost $78.67 million to deposit 24,007 ETH worth $61 million over Coinbase in the past three days. The whale is now left with a balance of 6,000 ETH worth $15.16 million.  At the same time, a new whale address cashed out 21,912 ETH worth $55.32 million…

According to on-chain data, the US government transferred 10,000 Bitcoin (BTC) to Coinbase Prime, an institutional trading platform. This transaction, worth approximately $593.5 million, notably influenced the crypto market trends. The Bitcoin originated from the Silk Road DOJ Confiscated Funds, a government-managed account. Is the US Government Planning to Sell Bitcoin? Observers are speculating about the government’s motives, as such deposits to exchanges typically suggest a potential sale. However, the context indicates a strategy more aligned with custodial intentions, particularly…

The post Selloff Ahead? $594 Million Bitcoin Moves to Coinbase Prime appeared first on Coinpedia Fintech News After a significant 33,105 Bitcoin (BTC) worth $2.19 billion move from Mt Gox. wallet, another wallet moved a significant BTC to Coinbase Prime.  On August 14, 2024, security intelligence firm Arkham made a post on X stating that the wallet address “bc1ql,” which received 10,000 BTC worth $593.5 million from the US Government wallet two weeks ago, has recently transferred to Coinbase Prime. …

Coinbase indicated plans for a cbBTC against the backdrop of Wrapped Bitcoin (WBTC), which has become controversial in crypto. While the product’s details are still unknown, Coinbase appears ready to dominate the market once again. Coinbase Gains Market Edge On WBTC Controversy The exchange’s announcement of a cbBTC turned heads, with pre-launch registration already live. Coinbase Layer-2 (L2) network Base hinted that it would run atop its blockchain, making it an alternative Bitcoin on Base, but this remains unclear. It…

The post Coinbase Attacks the SEC Over New Rule-A New Crypto Battle Begins! appeared first on Coinpedia Fintech News Coinbase is once again in a heated battle with the U.S. Securities and Exchange Commission. The SEC has been trying to impose old rules on digital technology for a long time. Now they want to change the definition of exchanges to include Decentralized Exchanges (DEXs). Coinbase isn’t happy about it, and they did not hold back. Why Coinbase is Pushing Back…

The post Gemini and Coinbase Clash with CFTC Over 2024 Presidential Betting Ban! appeared first on Coinpedia Fintech News Leading crypto exchange Gemini has taken the first step against CFTC. In a bold move, leading cryptocurrency exchange Gemini has urged United States regulators to withdraw a proposed regulation that threatens to ban all event contracts on decentralized prediction markets. “We highlight the adverse impact that this rule would have on prediction markets, including those used to forecast elections,” Gemini stated…

The post Just In: Patnera Capital Deposits 12.95 Million 1INCH To Coinbase Prime appeared first on Coinpedia Fintech News According to data from lookonchain, Pantera Capital deposited 12.95 million 1INCH to Coinbase Prime 7 hours ago. Notably, Pantera Capital was an investor of 1INCH, having vested 104.6M 1INCH from 2021 to 2023. On July 24, the VC started to deposit 1INCH to Coinbase as the price started to drop. So far, it has deposited 34.91M 1INCH worth $11.8 million to…

The post Coinbase Exposes SEC in Explosive Legal Battle: Demands Gensler’s Secret Emails! appeared first on Coinpedia Fintech News In the ongoing case of SEC vs Coinbase, the U.S. SEC recently complained to a federal judge, asserting that Coinbase’s efforts to obtain records from SEC Chair Gary Gensler were excessively broad. The latest development is where the SEC is prosecuting Coinbase for alleged securities law violations. Coinbase’s Demand for Transparency Paul Grewal, Coinbase’s Chief Legal Officer, posted an update on…

The post Coinbase Shares Rise After Q2 Revenue Beats Wall Street Expectations appeared first on Coinpedia Fintech News Coinbase’s (COIN) second-quarter revenue beat the Wall Street analysts’ estimates slightly as the industry continues to recover from the crypto winter. Its second quarter’s total revenue was $1.45 billion versus average estimate of about $1.4 billion. Coinbase’s biggest source of income comes from transaction fees, which slipped 27% from the previous quarter as trading volume fell 28%. The stock rose about 2%…