U-Turn: Centre to Convert USDC Reserves to Cash and US Treasuries
Centre, the issuer of popular stablecoin USDC, has revealed that it will convert the asset reserves back to cash and U.S. treasury bills only. In an official blog post on…
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Coinbase warns infrastructure bill’s crypto provisions could impact 20% of US population
Coinbase’s global tax VP has slammed Congress for the controversial crypto tax provisions rushed into the infrastructure deal, warning the bill could impact 60 million Americans.
Market Cap Reclaims $2T, Binance Strengthens Regulatory Compliance: The Weekly Crypto Recap
This week was entirely positive in the cryptocurrency market as almost everything is trading well in the green. It wasn’t without its hurdles, so let’s jump straight to it. Bitcoin…
Coinbase to Buy $500M of Cryptocurrencies and Invest 10% of Profits, Says CEO
America’s largest digital asset exchange will expand its cryptocurrency holdings on the balance sheet with a $500 million allocation, said the company’s CEO, Brian Armstrong. Furthermore, he promised that the…
Coinbase will buy $500M in crypto and invest 10% of all future profits in digital assets
CEO Brian Armstrong expects the percentage of profits spent on cryptos to grow over time.
Coinbase Partners With MUFG to Launch Operations in Japan
Leading US-based cryptocurrency exchange Coinbase announced it will launch operations in Japan yesterday. The exchange will be partnering with Mitsubishi UFJ Financial Group (MUFG), a banking institution with more than…
Coinbase goes live in Japan in partnership with banking giant MUFG
Coinbase announced its official launch in Japan in partnership with banking giant Mitsubishi UFJ Financial Group providing a “quick deposit” fiat on-and-off ramp.
Coinbase amasses a $4B war chest so it can outlast ‘crypto winter’
Strong revenues over the past two quarters from a large user base helped the exchange amass the funds.