Launched by the Centre Consortium in October 2018, USD Coin reached a $1 billion market cap in 21 months. USD Coin (USDC), a stablecoin project founded by Coinbase and Circle, has hit a major milestone in market capitalization. On July 3, 2020, USDC market cap broke the $1 billion threshold for the first time since […]
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Balaji Srinivasan has promised a $1000 BTC bounty to anyone who can get Recode’s Kara Swisher to retract a story on COVID-19. Balaji Srinivasan has offered $1000 in Bitcoin to the first Twitter user who can get Vox’s technology news website Recode to retract a story about Silicon Valley’s ‘overreaction’ to COVID-19 in February. The […]
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Coinbase’s “data plumber” denies storing users’ login credentials in plain text, and all the other allegations in a new class action complaint. A source close to Plaid, the company that serves as a “data plumber” to Coinbase, Robin Hood, Square’s Cash App and many others, denied all allegations of the class action complaint that was […]
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A court has likened Coinbase to a “traditional bank” in rejecting an appeal from a convicted child porn purchaser who appealed using the Fourth Amendment. A three-judge panel has ruled that FBI agents who subpoenaed Coinbase records to show a man had used Bitcoin to access child pornography did not violate his Fourth Amendment rights. […]
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As PayPal is rumored to join the crypto game, what will it mean for the industry and the price of Bitcoin and Ether? Earlier this month, global payments giant PayPal was rumored to be considering listing crypto assets on its platform, which is estimated to have around 325 million active accounts worldwide. The company is […]
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Crypto asset manager 21Shares will use Coinbase Custody to secure the Bitcoin backing its ETP launch tomorrow. 21Shares, an asset manager specialized in cryptocurrencies, has chosen the custody service offered by crypto exchange Coinbase for its Bitcoin (BTC) exchange-traded product. According to a July 1 Coinbase announcement, 21Shares will use Coinbase Custody to secure the […]
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Bitcoin price has stalled below $9,200 but on-chain data, investor sentiment, and BTC’s strong quarterly performance are bullish signals. Earlier today Cointelegraph reported that “Bitcoin (BTC) price recorded its strongest second quarter performance in history” despite a startling crash to $3,750 on March 13. Data from Skew also shows that Bitcoin currently has a quarter-to-date […]
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Bitcoin recorded its third best Q2 performance ever and these major factors contributed to the rally. The price of Bitcoin (BTC) recorded its strongest Q2 performance in history following a massive plunge on March 13 when the price dropped below $3,600 before eventually pushing above $10,000 over the next three months. Researchers at Skew said: […]
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The COMP token distribution raised some questions on a potential reprisal against DeFi from the SEC, given certain similarities with traditional stocks. Governance tokens in decentralized finance, or DeFi, have suddenly jumped into prominence following the success story of Compound’s COMP token, whose price action and liquidity mining program resulted in increased public interest. Unlike […]
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Compound’s COMP token has been wildly successful in the initial period since launching. What’s behind it, and is it sustainable? When Compound launched its governance token, COMP, on June 16, few in the crypto space could have predicted how rapidly it would rise to the top. As Cointelegraph reported at the time, it only took […]
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