COINBASE LEND
Cryptocurrency companies can keep paying interest-like rewards, say federal bank regulators
The new rules are part of the implementation of the GENIUS Act, which was signed into law last year and was meant to codify the rules and regulations around issuers of stablecoins.
Coinbase says deal reached on key provision of crypto bill
A significant breakthrough has been reached in U.S. crypto legislation. Coinbase confirmed a deal on a crucial provision, paving the way for the bill's advancement in the Senate. This development addresses concerns over stablecoin rewards, aiming to foster crypto adoption while balancing banking interests.
Circle, Coinbase shares soar as Senate clears path for stablecoin regulation
Circle shares closed up 33.8%. Coinbase ended 16% higher, while commission-free brokerage Robinhood, which offers crypto trading, gained 4.5%. The Republican-controlled House of Representatives must pass its version of the bill, known as the GENIUS Act, before it heads to President Donald Trump for approval.
Circle, Coinbase shares soar as Senate clears path for stablecoin regulation
Circle shares closed up 33.8%. Coinbase ended 16% higher, while commission-free brokerage Robinhood, which offers crypto trading, gained 4.5%. The Republican-controlled House of Representatives must pass its version of the bill, known as the GENIUS Act, before it heads to President Donald Trump for approval.
Bitcoin hits $50k level for first time in more than two years
The cryptocurrency has risen some 16.3% so far this year, on Monday touching its highest since Dec. 27, 2021. At 11:31 a.m. EST (1731 GMT), bitcoin was up 5.58% on the day at $50,196.
Coinbase to launch new lending platform aimed at large institutional investors
The crypto industry, which was reeling from several high profile failures, got a boost last week after a three-judge panel ruled that the Securities and Exchange Commission (SEC) was wrong in rejecting Grayscale's proposed bitcoin ETF without explaining its reasoning.
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Coinbase to launch new lending platform aimed at large institutional investors
The crypto industry, which was reeling from several high profile failures, got a boost last week after a three-judge panel ruled that the Securities and Exchange Commission (SEC) was wrong in rejecting Grayscale's proposed bitcoin ETF without explaining its reasoning.
Silvergate's deepening crisis jolts crypto stocks
Several crypto stocks also closed in negative territory. Crypto lending peer Signature Bank was down 2.5%.
Crypto crackdown is getting started
But this ignores the bigger picture. In the first few weeks of 2023, watchdogs have done a lot. On January 3, a joint statement by US bank regulators warned the industry of crypto risks creeping into the banking system.
Crypto exchange Gemini to lay off 10% of staff: report
Crypto firms are off to a rocky start in 2023, with major players such as Coinbase Global Inc cutting jobs and Genesis Global Capital, the lending arm of Genesis, seeking bankruptcy protection.
Crypto lending teeters on brink of extinction after Genesis collapse
This will make the market and its practices look more similar to lending in traditional markets, including rules on how much collateral must be posted and how that is managed, experts said. Fees could also be higher as lenders won’t be able to make it back through risky trades, and they’d have to open their books for much more invasive oversight.
Coinbase lays off over 60 employees as cryptocurrencies extend fall
The job cuts, the second time this year, follow a week after "crypto market headwinds" contributed to Coinbase's net loss of $544.6 million
Top cryptocurrency prices today: Bitcoin, Ethereum, BNB, Solana zoom up to 6%
The global cryptocurrency market cap was trading sharply lower at the $971 billion mark, rising about 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped about 26 per cent to $126 billion.
Coinbase to cut 1,100 jobs amid turmoil in crypto markets
The layoffs come a day after Bitcoin fell as much as 14% after major U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers
Crypto bridge heists swiping $1 billion spur race for alternatives
While some measures may have been in the works prior to the breaches, their urgency and attraction have increased after hackers siphoned more than $1 bn out of crypto bridges like Wormhole and Ronin — most of it in February and March.
Fintech software startup Clear forays into merchants lending
According to the company, its invoice discounting product will be available to its 3,000 existing enterprise customers, as it looks to provide working capital solutions to suppliers and SMEs.
Blockchain startup Router Protocol gets $4.1 million from Coinbase Ventures, others
Router Protocol will use the funding to hire more developers and conduct security audits. It has announced partnerships with multiple protocols—Polygon, Avalanche, Terra, Algorand, etc.—and plans to launch its mainnet in the next few weeks.
How to convert cryptocurrency to cash: Here are ways to bank your digital coin
Cryptocurrency banking allows consumers to hold and spend cryptocurrency such as bitcoin, litecoin and ether
Finding India’s next crypto unicorn
India has minted two crypto unicorns this year — CoinDCX and CoinSwitch Kuber — amid a regulatory flux. Which other crypto platforms have the makings to command a billion-dollar valuation? We take a look at WazirX, ZebPay and Unocoin.
Coinbase looks to raise $1.5 billion through debt offering
The fundraising plans come less than a week after the company said US regulators would sue the exchange if it went ahead with plans to launch a program allowing users to earn interest by lending digital assets.
US markets regulator takes aim at Coinbase lending product
The top US markets regulator last week told Coinbase it intends to legally charge the company, Coinbase's chief legal officer, Paul Grewal, said a statement on Tuesday, noting that the firm now plans to delay the launch of its 'Lend' product until at least October.
Bitcoin bruised after chaotic debut as legal tender in El Salvador
Bitcoin last traded at $46,560, having endured wild trade the day before in which it hit a near four-month high of $52,956 before plunging 11.1%. At one point on Tuesday, it fell 18.6%, wiping out more than $180 billion from the market
US SEC threatens to sue Coinbase over crypto lending programme
Programmes that allow owners of cryptocurrencies to lend these in return for interest are becoming more common around the world, but some regulators, particularly in the United States have started to raise concerns
Bitcoin bruised after chaotic debut as legal tender in El Salvador
At one point on Tuesday, Bitcoin fell as much as 18.6%, wiping out more than $180 billion from the market.
SEC threatens to sue Coinbase over crypto lending programme
Coinbase would delay the launch of its 'Lend' product until at least October as a result.
Coinbase says attentive to regulatory concerns after profit beat
Coinbase, which has benefited from the growing adoption of digital assets, said the reported quarter illustrated the volatility of the still nascent sector that faces calls for more regulation.
Vauld raises $25 million in funding led by Peter Thiel's Valar Ventures
Existing investors Pantera Capital, Coinbase Ventures, CMT Digital, Gumi Cryptos, Robert Leshner, and Cadenza Capital among others also participated in the round.
CoinDCX in talks to raise $100-120 million
The crypto exchange is likely to hit $1 billion valuation post the round led by B Capital
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