Crypto Biz: PayPal’s stablecoin goes live, Bitstamp seeks capital, and Coinbase’s L2
This week’s Crypto Biz explores PayPal’s stablecoin, Coinbase’s new layer 2 network, Bitstamp’s fundraising and the growing popularity of crypto bots on Telegram.
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Coinbase’s Base Notches 4th Rank in Daily TPS Among Layer 2 Solutions: Data
The initial response to Coinbase’s layer 2 blockchain – Base – has been favorable so far. It has garnered substantial engagement in both DeFi operations and cross-chain bridge transactions. The…
Kraken Dethroned Coinbase as Most Liquid US Exchange for Altcoins in July: Data
Cryptocurrency trading platform Kraken dethroned its rival Coinbase to become the most liquid United States exchange for altcoins in July. According to a tweet by Dessislava Laneva, a research analyst…
Coinbase layer-2 network Base hits 136,000 daily active users
Around 30% of Base's users on Aug. 10 were new to the blockchain which launched only a day prior.
Ramp’s Latest Integration Allows Users to Convert Fiat Into ETH and USDC
Ramp Network – a fintech startup that offers payment infrastructure to connect crypto and traditional finance – added support to the Ethereum Layer 2 chain Base. The integration will aid…
SEC use of Terraform ruling hints Coinbase dismissal motion attack plan
The SEC claims a court ruling gives it authority over crypto, setting up a possible counter-argument in dismissal motions brought against it.
Base network has officially launched: Here’s how it can be used
Coinbase's Base network completed its phased launch on Aug. 9, and is officially open to end-users.
Circle’s Jeremy Allaire Estimates Majority of USDC Adoption Originates Beyond US Borders
Stablecoin issuer Circle is a US-based company, and 70% of its USDC adoption originates from non-US regions. According to the estimations of Circle CEO Jeremy Allaire, some of the fastest…
Coinbase begins $150M debt buyback at 36% discount
The cryptocurrency exchange’s 2031 senior notes, which have a coupon rate of 3.625%, have $1 billion in outstanding principal.
Binance sold USDC for another stablecoin — Coinbase CEO
Binance has been experimenting with relatively lesser-known stablecoins after a pause on BUSD.
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