Coinbase

Coinbase has re-listed XRP trading after a nine-month ban following collaborative efforts with the New York Department of Financial Services. This major development comes amid a huge legal battle with the SEC. Coinbase’s chief legal officer, Paul Grewal, has announced that customers in the state of New York can once again trade XRP tokens on Binance after a nine-month ban. This development comes after a lengthy moment of work by the New York Department of Financial Services (NYDFS) to ensure…

In a recent ruling that could have implications for the crypto industry, the US Supreme Court unanimously sided against US-based cryptocurrency exchange Coinbase, over a 2021 Dogecoin (DOGE) sweepstakes dispute.  The court’s decision, delivered by Justice Ketanji Brown Jackson, dismissed Coinbase’s argument that a ruling against it would invite legal turmoil, emphasizing the importance of contractual agreements and the role of courts in resolving disputes. Coinbase Arguments Dismissed The key issue was whether the dispute should be submitted to arbitration…

One Coinbase whale has purchased close to $2 million worth of WIF, the Solana-based meme coin, despite being the worst-performing of the top ten meme coins in the market. WIF was the only meme coin in the red over the past week, with BONK gaining 36% in that period, while PEPE and BOME jumped 25% and DOGE 12%. Dogwifhat was once the coin to own as it skyrocketed from relative obscurity to become the third-largest meme coin after DOGE and…

The post Coinbase, Kraken, Others Form Coalition To Address Online Scams appeared first on Coinpedia Fintech News Prominent crypto exchanges including Coinbase and Kraken have joined hands to prevent online frauds and scams. The ‘Tech Against Scams’ coalition will serve as a convening body through which its members will collaborate and take action against the scammer’s methods. The coalition stated that this would include sharing best practices, threat intelligence, and other tips to keep users protected before they fall prey…

The post Coinbase Bullish on Ethereum? Here Are The Top ERC20 Tokens To Diversify With appeared first on Coinpedia Fintech News Coinbase’s latest research report has outlined key factors that could propel the Ethereum price higher in the future. ETH currently lacks supply-side overhangs, such as large token unlocks or heavy miner selling, which typically cap rallies. Moreover, the report highlights that staking and Layer-2 growth are reducing the liquid ETH supply.  Its dominant position in DeFi looks secure due…

Coinbase believes the approval of an ETH ETF is inevitable, comparing the situation to the SEC’s approval of Bitcoin ETFs earlier this year, and estimates a 30-40% chance of approval by May 31, 2024. The approval of spot Ethereum ETFs requires the SEC to greenlight both the 19b-4 filings and the S-1 registration forms. While the Ethereum price has been trading under pressure for the past few weeks at around $3,000 levels, the latest report from Coinbase says that an…

The post Magic Eden Redirects UTXOs to Coinbase appeared first on Coinpedia Fintech News Deezy founder Danny revealed on X that Magic Eden, Bitcoin’s largest NFT marketplace, is exploiting Coinbase by processing small transaction outputs. Magic Eden directs these tiny outputs, like 1000-2000 sats, to their Coinbase account instead of their own address. As a result, Coinbase combines these outputs and covers the associated fees, unaware of the exploitation. Danny’s discovery uncovers Magic Eden’s clever strategy to save fees while…

The post Coinbase Predicts Bullish Surge for ETH Despite 2022 Underperformance appeared first on Coinpedia Fintech News The leading CEX, Coinbase, is quite bullish on ETH’s price potential despite its underperformance in 2022. The exchange claims that ETH may surprise to the upside in the coming months and considers Ethereum to be the heart of the existing DeFi landscape, a position unlikely to change anytime soon due to the widespread adoption of the Ethereum Virtual Machine (EVM) and its layer…

The post CME to Offer Spot Bitcoin Trading: Impact on Binance and Coinbase appeared first on Coinpedia Fintech News The Chicago Mercantile Exchange (CME), a leading bitcoin futures exchange, is reportedly considering offering spot bitcoin trading. This move could significantly impact major players like Binance and Coinbase by providing a regulated trading environment for bitcoin, addressing growing demand among market participants. Interestingly, followed by the news Bitcoin spot ETF trading has surged, reaching $5.65 billion, the highest since March 24th…