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“Coinbase was considered one of the better-run crypto companies that tried to obey the rules and work with the regulatory bodies,” Edward Moya, senior markets analyst at Oanda said in a note Tuesday. “The risk of tougher regulation has been a constant headache for crypto, and it seems that a
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The ratings agency has also put the crypto exchange’s rating Original Source
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A disgruntled Coinbase employee, identified only as 0x58E3, created a petition on Mirror.xyz on Thursday calling for the removal of three company executives. The petition, titled Operation Revive COIN, has been taken down, but it was captured by the Internet Archive and other websites. Coinbase CEO Brian Armstrong responded to
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CoinDesk spoke to three such recruits who said they felt blindsided by the sudden reversal from the company they’d assumed was the most stable brand in crypto – a place worth picking over Snap, Meta, Roblox or other tech giants. One software engineer, a recent college graduate, said they passed
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On April 7, 2022, Coinbase launched operations in India, with executives touting how easy it would be to trade on the company app with payments being processed by Unified Payments Interface, or UPI, a widely used payments system in India. Hours after the event, though, the entity that governs UPI,
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Coinbase and Brazilian company 2TM, the parent company of Mercado Bitcoin, have reportedly scrapped talks around the crypto exchange purchasing the firm.According to a Tuesday Bloomberg report, 2TM and Coinbase have ended discussions around the United States-based crypto exchange buying the Brazilian company, which was valued at more than $2
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“That premium has been on the pretext that it would give them a free pass while governmental agencies took their war on crypto to other platforms and exchanges instead, like Binance,” QCP wrote at the time. “If now, a regulated U.S. entity who is offering a product that is already
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Crypto exchange Coinbase has generated controversy due to its listing process. The platform recently posted a list of possible projects to include which, according to pseudonym user PastryETH, makes some wonder if Coinbase is “willfully ignorant, or intentionally deceiving?”. Related Reading | Arthur Hayes’ Crystal Ball Predicts: Bitcoin And Ethereum To See
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Mizuho’s Dan Dolev is skeptical of the exchange getting into the NFT business at this time, citing a decline in NFT internet searches. Source
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In Todaro’s base case scenario, Coinbase’s NFT platform would have similar fees to competitors at 2.5%, volume of $1.5 billion, and post annual revenue of $450 million. In an aggressive bullish scenario, Coinbase might push fees to 3%, see volume of $3.5 billion, and add as much as $1.26 billion
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