Auto Added by WPeMatico

US Government Transfers $2 Billion in Bitcoin to Unknown Wallet

According to onchain data, a Department of Justice (DOJ) labeled bitcoin wallet transferred 29,799.99 BTC, valued at just over $2 billion. This move by the U.S. government follows Germany’s sale…

Continue ReadingUS Government Transfers $2 Billion in Bitcoin to Unknown Wallet

Coinbase to Provide Custody for Australian Bitcoin ETF BTXX

Digitalx, an ASX-listed company, has selected Coinbase to deliver custody and advanced trading execution services for its recently approved Bitcoin exchange-traded fund (BTXX) in Australia. This partnership will offer qualified…

Continue ReadingCoinbase to Provide Custody for Australian Bitcoin ETF BTXX

Coinbase and Glassnode Report Highlights a Stabilizing Crypto Market 

A recent joint report by Coinbase Institutional and the onchain analytics firm Glassnode reveals a maturing and stabilizing cryptocurrency market despite recent price corrections. The analysis highlights robust trading volumes,…

Continue ReadingCoinbase and Glassnode Report Highlights a Stabilizing Crypto Market 

UK Regulator Fines Coinbase’s CB Payments $4.5 Million for Serving High-Risk Customers

The UK Financial Conduct Authority (FCA) has fined Coinbase’s payments arm, CB Payments Limited, £3,503,546 for breaching compliance rules by serving high-risk customers despite restrictions. The regulator explained that this…

Continue ReadingUK Regulator Fines Coinbase’s CB Payments $4.5 Million for Serving High-Risk Customers

Base Layer 2 Activity Doubles Competitors with Over 1.2M Daily Active Addresses

Coinbase-incubated Layer 2 network – Base – is seeing a significant surge in daily activity thereby suggesting growing interest and adoption amidst an improved sentiment in the broader market. The…

Continue ReadingBase Layer 2 Activity Doubles Competitors with Over 1.2M Daily Active Addresses

Single Entity Risk Questioned as Coinbase Dominates ETH and BTC ETF Reserve Storage

The day before the spot ether exchange-traded funds (ETFs) were introduced, Coinbase posted on X to clarify its position regarding spot BTC and ETH ETFs. The company mentioned that it…

Continue ReadingSingle Entity Risk Questioned as Coinbase Dominates ETH and BTC ETF Reserve Storage

Blockfi to Begin Interim Crypto Distributions via Coinbase This Month

Crypto lender Blockfi announced that it will begin interim crypto distributions via Coinbase this month. U.S. clients will receive notifications, while non-U.S. clients face regulatory restrictions. Blockfi, which filed for…

Continue ReadingBlockfi to Begin Interim Crypto Distributions via Coinbase This Month