Category: Coinbase

Moody’s downgrades Coinbase due to bear: Warns it may not be the last

June 24, 2022

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Moody’s said further downgrades could follow if Coinbase doesn’t diversify from its current revenue model or it’s unable to turn a profit even in a prolonged bear market. 2273 Total views 42 Total shares Credit ratings agency Moody’s has downgraded the Corporate Family Rating (CFR) and guaranteed senior unsecured notes of crypto exchange Coinbase, stating […]

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Coinbase to shut down Coinbase Pro to merge trading services

June 23, 2022

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Launched in 2018, Coinbase Pro is designed to feature unlimited trading volumes, supporting more than 250 cryptocurrencies. 619 Total views 26 Total shares Coinbase’s professional trading platform Coinbase Pro will cease to exist as the cryptocurrency exchange is restructuring services to bring them all into one platform. The United States-based crypto trading firm Coinbase officially […]

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Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD

June 17, 2022

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The cryptocurrency exchange is accused of failing to do due diligence, among other things, after users lost large sums as a result of the depegging of stablecoins. 5143 Total views 33 Total shares A class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent in its listing of the TerraUSD stablecoin […]

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Crypto Biz: Crypto carnage pushes Celsius, Three Arrows Capital closer to insolvency, June 9-16

June 17, 2022

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It has been a chaotic week for digital assets. Two firms may be inching closer to insolvency while Coinbase, one of the largest crypto exchanges, laid off almost a fifth of its staff. 2707 Total views 6 Total shares The 2022 version of crypto winter has been unlike anything we’ve seen before. As I warned […]

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Armstrong tweets in public airing of Coinbase’s internal discontent

June 10, 2022

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The petition was quickly removed, and the number of signatures was not shown, but its list of objections to the Coinbase status quo got a big reaction from the CEO. 2651 Total views 55 Total shares A disgruntled Coinbase employee, identified only as 0x58E3, created a petition on Mirror.xyz on Thursday calling for the removal […]

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Coinbase launches new crypto think tank to help shape policies

May 19, 2022

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Coinbase’s new “crypto native think tank” features an advisory board of finance and law academics from top United States universities and will publish original research to shape policies around crypto. 1135 Total views 26 Total shares Cryptocurrency exchange Coinbase has created a “crypto native think tank” in an attempt to help shape the global conversation […]

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Coinbase junk bonds tank amid market rout and creditors’ fears

May 13, 2022

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“Nothing about Coinbase changed this week, we are the same company we were yesterday, or a year ago. If anything, we are in an even stronger position given our balance sheet,” assured Coinbase CEO Brian Armstrong. 2630 Total views 11 Total shares The price of Coinbase’s junk bonds are tanking amid an underwhelming performance in […]

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Indian central bank’s ‘informal pressure’ disrupted payments: Coinbase CEO

May 11, 2022

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“I guess we have a concern that [the Reserve Bank of India] may be actually in violation of the Supreme Court ruling,” said Coinbase CEO Brian Armstrong. 83 Total views 1 Total shares Just three days after debuting in the Indian market, United States-based crypto exchange Coinbase abruptly stopped using United Payments Interface (UPI), the […]

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Coinbase CEO has ‘never been more bullish’ even after $430M Q1 loss

May 11, 2022

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“There are so many customers beating a path to our door that we have to have all hands on deck just to keep everything running,” Coinbase CEO Brian Armstrong explained on an earnings call. 6940 Total views 26 Total shares Cryptocurrency exchange Coinbase has disclosed its first net loss as a public company of $430 […]

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Crypto Biz: The real reason crypto hodlers should care about the Federal Reserve, April 28–May 4, 2022

May 6, 2022

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Wall Street’s slow embrace of crypto means we all have to start watching the Federal Reserve again. Cointelegraph parsed through the latest Federal Open Market Committee (FOMC) policy statement on Wednesday to try and uncover some nuggets of useful information. You can think of it as an exercise in financial esoterics to uncover the hidden […]

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