Coinbase
Listing frenzy! Coinbase adds nearly 100 crypto assets for trading in 2021
As of today, Coinbase has 139 tradable assets. The exchange added a whopping 83 assets to its trading list in 2021, nearly double the number of assets it had accumulated in the eight years since its founding. Is this rapid expansion a simple cash-grab? Are any of these lesser-known tokens and coins securities? Is this irresponsible or overly ambitious? What does this rapid expansion of assets by Coinbase mean? A money grab? I feel the answer to the first question is an emphatic “No!” Coinbase is making a lot of money on trading fees, but its token list expansion is not about the money. Coinbase started out with a small booth at a conference “just trying to make something that customers wanted,” pitching T-shirts and a hosted Bitcoin (BTC) wallet. Now, Coinbase is the second-largest c...
UK advertising watchdog bans crypto ads for Coinbase and Kraken
The Advertising Standards Authority, or ASA, the United Kingdom’s independent advertising regulator, has taken down another batch of cryptocurrency-related ad campaigns promoting several major industry firms. On Dec. 15, the advertising watchdog issued several rulings on ad violations involving six crypto-related firms including Coinbase, Kraken, eToro, Exmo, crypto broker Coinburp and Luno crypto exchange. The ASA also issued a similar ruling for pizza chain Papa John’s. All seven ads or promotions were banned for “irresponsibly taking advantage of consumers inexperience and for failing to illustrate the risk of the investment,” the rulings said. The ASA argued that Coinbase’s European branch specifically put out a “misleading” promotion on its paid Facebook ad in July 2021, including a t...
Kevin Durant and Rich Kleiman’s Thirty-Five Ventures to create NFT drops with Coinbase
On Wednesday, Thirty Five Ventures, a venture capital firm co-founded by NBA star Kevin Durant and sports manager Rich Kleiman, announced a business partnership with Coinbase. Under the agreement, Thirty Five Ventures will work jointly with Coinbase to create nonfungible tokens, or NFT, drops, storytelling content about NFTs and crypto, as well as showcasing Coinbase’s recent growth in the sector. According to the announcement, there will additionally be a philanthropic integration with the Kevin Durant Charity Foundation. Coinbase is currently the third-largest centralized cryptocurrency exchange in the world by trading volume. At the time of publication, there is currently a waitlist of over 2.6 million users for Coinbase NFT. The company said it is currently designing a self-...
Only a paper moon: Bitcoin price briefly shows $870B on CoinMarketCap
Crypto traders experienced a moment of joy, followed by confusion, when a glitch caused several data aggregators to briefly display enormous gains for Bitcoin (BTC), Ether (ETH) and other cryptocurrencies. CoinMarketCap and several other price indexes showed Bitcoin’s price closing to $900 billion as ETH showed over $81 billion. The momentary glitch also impacted Cointelegraph’s price indexes. Hey @CoinMarketCap, you doing ok there buddy? pic.twitter.com/WfXwpSmURU — Cointelegraph (@Cointelegraph) December 14, 2021 Displayed numbers didn’t affect the trading prices on exchanges, and the platforms quickly solved the issue. CoinMarketCap explained on Twitter that the data provider is rebooting its servers as part of the remediation plan. “CoinMarketCap is now back to normal after an issue th...
Coinbase Wallet rolls out support for NFTs
United States crypto exchange Coinbase has made new upgrades to its self-custody wallet, including adding support for nonfungible tokens, or NFTs, in a move that could drive further adoption of its browser extension. The company announced Tuesday that Coinbase Wallet will soon be able to support NFTs, giving users the ability to view their collections and access leading NFT marketplaces like OpenSea. Coinbase didn’t specify an exact date for the rollout but said users will need to have the latest version of the browser extension installed to access the features. Looking ahead into 2022, Coinbase said it plans to expand its support for NFTs, as well as make its native decentralized exchange trading feature more accessible and affordable. Coinbase Wallet has a DEX integration feature t...
Finance Redefined: AWS turns crypto exchanges offline, and Sushi CTO resigns, Dec. 3–10
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. Although the markets may be down and technical indicators built upon AWS malfunctioning, fear not young degens, fundamental news and the spirit of Wagmi is abundant as ever. So, read on and discover all you need to know about the most important events of this week. What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments over the last week, subscribe below. AWS outage highlights the need for truly decentralized exchanges. An Amazon Web Service outage this week produced significant cascading effects on the global supply chain and delivery industry, as well as hours-long operational disruptions to decentralized exchange dYdX and le...
3LAU’s NFT Marketplace Nabs $55 Million Investment From The Chainsmokers, Kygo, More
3LAU‘s NFT marketplace has received another huge cash injection. Just months after a $16 millio investment, Royal has announced a $55 million funding round led by Andreessen Horowitz’s a16z Crypto fund. The Chainsmokers, Logic, Kygo, Nas, CAA, Crush Music, Coinbase Ventures, Founders Fund, NEA’s Connect Ventures, and Paradigm all participated, according to reports. “The value of music ownership is vastly misrepresented and undervalued today, but it won’t be for too much longer, as more musicians embrace the web3 ecosystem,” 3LAU wrote in a recent blog post. Royal is a marketplace for musicians that allows them to sell the royalties accrued from their songs to fans. 3LAU recently gave away 50% of the streaming rights to his latest song,&nbs...
Fresh Alarm Bells for Crypto Market as Bitcoin Soars to the Top
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Coinbase to Showcase Iconic Music Festival Moments at EDC Via Onsite NFT Galleries
Coinbase is banking on the electronic music community to help drive its growth prospects. In a series of new strategic sponsorships, dance music fans will be able to catch Coinbase at two upcoming editions of EDC in Las Vegas and Orlando respectively. The appearances will follow a recent activation on Randalls Island in New York City. Surprisingly, the leading U.S. cryptocurrency exchange platform will be onsite demoing new experiential activations related to NFT technology. Coinbase is setting up shop and erecting physical NFT galleries, which will feature unforgettable music festival moments past and present. This year EDC Orlando is surpassing its 10-year anniversary milestone. To celebrate, Coinbase’s NFT gallery will take fans back on a trip down memory lane. Fans will...
Did Elon Musk Just Back a Dogecoin Music Festival?
With three simple words, Elon Musk lit a fuse in the crypto community that could eventually lead to a Dogecoin-themed music festival: “Sounds kinda fun.” The comment came in response to a popular Dogecoin fan account who tweeted about the fictitious DogeFest, using a photo of a music festival stage edited with the token’s viral Shiba Inu meme imagery. He then started a thread to suggest what the festival would entail if it were real, such as a DJ set from Musk himself, who has long championed EDM and recently teased the sale of an NFT techno song. The page also suggested that DogeFest would require Dogecoin “as payment for everything.” Once Musk chimed in, legions of crypto supporters joined the conversation to conceptualize the fest. One said that t...
