Coinbase
Bitcoin beats owning COIN stock by 20% since Coinbase IPO
Buying a Coinbase stock (COIN) to gain indirect exposure in the Bitcoin (BTC) market has been a bad strategy so far compared to simply holding BTC. Notably, COIN is down by nearly 50% to almost $186, if measured from the opening rate on its IPO on April 14, 2021. In comparison, Bitcoin outperformed the Coinbase stock by logging fewer losses in the same period — a little over 30% as it dropped from nearly $65,000 to around $41,700 BTC/USD (orange) vs. COIN price (blue). Source: TradingView What’s bothering Coinbase? The correlation between Coinbase and Bitcoin has been largely positive to date, however, suggesting that many investors consider them as assets with similar value propositions. That is primarily due to the buzz around how COIN could become a simpler onboarding experi...
Coinbase Wallet adds support for Solana
Top U.S. crypto exchange Coinbase has added wallet support for Solana (SOL) and its ecosystem of Solana tokens (SPL). Coinbase cited the surging interest in Solana over the past 12 months as investors look for low-cost alternatives to Ethereum as a key reason behind adding support to the network. The expanded wallet support comes just a few days after the firm launched Coinbase Pay, which enables users to fund their wallets directly via a web browser extension. In a March 18 blog post announcing the move, the firm also loosely outlined plans to “further integrate” with Solana by connecting the Coinbase Wallet with decentralized applications (dApps) and NFTs hosted on the network, which is famously championed by FTX CEO Sam Bankman-Fried. Users of Solana-based wallets such as Phantom and So...
Coinbase enables users to fund wallets from Chrome browser extension
On Wednesday, Coinbase launched a new feature, dubbed “Coinbase Pay,” that enables its clients to fund their Coinbase Wallets directly from a Chrome browser extension. According to its staff, Coinbase Pay intends to make it intuitive for anyone to participate in decentralized finance, or DeFi, swap tokens on decentralized exchanges, or DEXs, and purchase nonfungible tokens, or NFTs, in just a few clicks. Specifically, they wrote: “Before Coinbase Pay, users who wanted to add funds to their Coinbase Wallet from the browser extension needed to navigate to Coinbase.com, sign in to their account, copy-paste their wallet address, and manually transfer funds from their Coinbase account. The process was not only cumbersome, but also left the user vulnerable to user error.”...
Financial future or false promises? Crypto firms go big on ads in 2022
Advertisements are in abundance everywhere we go — from billboards seen throughout road trips to commercials displayed every fifteen minutes or so during television shows. It’s also the case that most advertisements today display messages from major internet-based brands like Amazon, which was ranked as the largest advertiser in the United States in 2020. Telecommunication providers and payment giants like American Express have also been listed as some of the biggest advertisers in the United States. These companies typically spend billions of dollars per year on marketing messages aimed to inform, persuade and remind consumers about their products and services. 2022 is the year for crypto advertising While dot-com brand commercials and social media advertisements continue to bombard...
FTX joins other crypto goliaths to promote autonomy over sensitive information
Centre, an open-source technology project developed by Coinbase and Circle, has onboarded crypto exchange FTX and Alkemi Network as its latest partners to collaborate on Verite. Verite is a set of shared decentralized identity protocols — developed by Centre — to empower crypto-centric individuals and businesses by granting total control of personal information. Supporting Verite’s commitment to collaborate on shared decentralized identity standards, FTX and Alkemi have added to the list of 14 crypto companies, which include Coinbase, Circle, Hedera Hashgraph, Ledger, the Solana Foundation and more. Verite launch partners include @circlepay , @blocks, @Algorand, @coinbase, @compoundfinance, @ConsenSys, Espresso Systems, @hedera, @Ledger, @MMInstitutional, @phantom, @SolanaFndn, @Spru...
Coinbase acts to ensure compliance with sanctions against Russia
Crypto exchange Coinbase says it has blocked over 25k Russian addresses linked to illicit dealings The exchange has submitted the idea of using crypto tech over traditional fiat to ensure sanctions compliance In an official blog post published today, the largest crypto exchange in the US, Coinbase, has voiced its support for the range of sanctions placed against Russia. The exchange insisted that sanctions play a critical role in national security and dissuading unlawful aggression. In the post, the exchange’s chief legal officer Paul Grewal acknowledged that while Coinbase’s compliance program might not be perfect, it is doing its bit in helping ensure compliance to imposed financial and economic penalties. He explained that via its multi-layered, global sanctions program, Coinbase is abl...
VOXEL, SLP and ALICE rally after protocol updates and a major exchange listing
Crypto markets are taking a beating but there are still a few standout performers even during this week’s volatility. One sector that has managed to rise above the noise are NFT-related altcoins and GameFi tokens. Top gainers in the collectible and NFT sector. Source: CoinMarketCap Data from Cointelegraph Markets Pro and CoinMarket Cap shows that three notable gainers over the past 48-hours were Voxies (VOXEL), Smooth Love Potion (SLP) and MyNeighborAlice (ALICE). Voxie Tactics launches its marketplace VOXEL is the native utility currency of Voxie Tactics, a free-to-play, 3-dimensional, role-playing game that combines the classic look of the popular tactical games of the 1990s and 2000s with modern game mechanics. Data from TradingView shows that after hitting a low of $0.90 on Feb. ...
Coinbase Wallet now supports Ledger Hardware Wallets as it aims for additional security
The launch also comes with co-branded Nano X Coinbase Edition wallets available for a limited period The partnership is part of Ledger’s push to evolve into a software-focused firm Crypto exchanges have been ramping up security efforts against the threat of losses, and Coinbase, the largest crypto exchange in the US, is the latest name to take action in this regard. The crypto exchange confirmed yesterday that it had added support for the Ledger Hardware Wallets onto its Coinbase Wallet browser extension. Coinbase and Ledger have shown an insistence to enhance security as users can benefit greatly from an additional layer of protection. Hardware wallets such as Ledger’s enable self-custody as they are cold crypto wallets that store user private keys. These wallets can only be accessed offl...
The Music In Coinbase’s Viral Super Bowl Ad Was Produced By Com Truise and Samples The Beatles
Coinbase’s viral Super Bowl advertisement was a hit. For Coinbase, it was a hit to their servers. The commercial was simply a QR code that bounced around the screen like the classic DVD logo in the 90s. It was a simple and ingenious marketing strategy, and the traffic that Coinbase received during the ad’s 60-second run time temporarily crashed the company’s servers. But the music was also a hit. The track from the commercial was created by electronic music veteran Com Truise, who sampled the melody of a motown classic and produced an eerie chillwave song. “Money (That’s What I Want)” was originally written by Berry Gordy and Janie Bradford. Barrett Strong was the first artist to record and release the track in 1959 before The Beatles and The Kingsmen ea...
Super Bowl 2022: Here’s the scoreboard of crypto ads
Super Bowl commercials have always been an intrinsic part of the annual National Football League (NFL) championship, and for businesses, it’s a fair sign of making it in the real world. This year, however, marked a new milestone for the crypto community as FTX, eToro, Crypto.com and Coinbase debuted crypto ads during Super Bowl 2022. With rising demand in crypto — recently fueled by nonfungible tokens, meme tokens and the metaverse — Super Bowl crypto ads stole the limelight from traditional businesses on social media platforms such as Twitter. Let’s gauge the advertisements and echo the feelings expressed by the community. Coinbase Super Bowl 2022 commercial Coinbase is one of the most popular crypto exchanges in the United States, often taking the No. 1 spot for being the most downloaded...
Coinbase stock falls 5% pre-Wall Street as Bitcoin price dip adds to Super Bowl woes
United States cryptocurrency exchange Coinbase (COIN) has seen its shares dive 5% pre-trading after a calamitous advertising debut at the Super Bowl 2022. Data from Cointelegraph Markets Pro and TradingView showed COIN preparing to open at $194.53 before Monday’s Wall Street open. Snowden: Coinbase crash “so very internet” The Super Bowl 2022 was an event to remember for crypto investors, with several of the exchange industry’s biggest names airing full-scale ad pitches. For Coinbase, however, the publicity quickly turned sour as the platform’s website and app both crashed following promises of a $15 giveaway made in the ad itself. @coinbase just saw more traffic than we’ve ever encountered, but our teams pulled together and only had to throttle traffic for a few minutes. We are now ...
Coinbase partners with OneRiver to roll out new institutional platform
Cryptocurrency exchange Coinbase has penned a partnership agreement with One River Digital Assessment Management to provide institutional-grade wealth managers with an exclusive platform to acquire digital asset investments and engage in related activities. Detailed in an official blog post, Coinbase claimed that the creation of the ONE Digital SMA will grant exposure to “a suite of digital investment strategies and indexes in an easy-to-use separately managed account platform.” The function will be exclusively accessible to Coinbase Prime users, a premium subscription service offering enhanced trading capabilities, and a bespoke custody model to protect assets tailored for the niche requirements of high net-worth individuals. In the announcement, Coinbase summarized the servic...
