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A court-ordered liquidation process allows FTX to sell nearly $3.4 billion worth of crypto assets in weekly batches starting from $50 million a week. The crypto wallet s linked to now-defunct crypto exchange FTX and its sister trading firm Alameda Research have sent over $13 million in different altcoins to numerous crypto exchanges early on Nov. 1. According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferred $8.12 million worth of altcoins to Coinbase. The assets include 46.5 million GRT ($4.85 million), 972,073 RNDR ($2.3 million), and 708.1 MKR ($967,000). FTX and Alameda linked crypto deposit on Coinbase. Source: SOC The wallet addresses of FTX and Alameda Research made another $5.49 million transfer after three hours to Binance and Coinbase. The top 3 assets with the highest value in this transaction include 1.14 million DYDX ($2.64 million), 192,888 AXS ($1.05 million), and 5,858 AAVE ($522,000). #FTX and #Alameda Research further deposited...

Coinbase is extending its perpetual futures trading service to non-US retail clients, following a successful trial with institutional traders. Coinbase has announced the expansion of its perpetual futures trading service to non-US retail clients. This decision comes in the wake of observing over $5.5 billion in notional volume during the second quarter, predominantly from institutional trading. Coinbase had originally introduced its perpetual futures trading in May. However, this service was exclusively available to institutional investors located outside the United States. Fast forward to Sep. 28, and now, non-US retail traders can check their eligibility for this offering on the Coinbase Advanced platform. The commencement of actual trading for these users is slated for the upcoming weeks. The expansion continues… Thrilled to announce that Coinbase International Exchange has secured regulatory approval from the Bermuda Monetary Authority (BMA) to enable perpetual futures f...

While Coinbase holds $25 billion in BTC, the exchange only owns around $200 million worth of Bitcoin found in its wallets. Blockchain intelligence platform Arkham recently identified that crypto exchange Coinbase holds almost 1 million Bitcoin (BTC) in its wallets. The coins are worth more than $25 billion at current market prices for BTC.  According to Arkham, the exchange’s holdings amount to almost 5% of all Bitcoin that currently exists. Arkham said that Coinbase currently holds a total of 947,755 BTC. At the moment, Bitcoin’s circulating supply is around 19,493,537, according to coin information website CoinGecko. Arkham has now identified $25B of Coinbase Bitcoin reserves (~1M BTC) on chain. This makes Coinbase the largest Bitcoin entity in the world on Arkham, with almost 5% of all BTC in existence - about as much as Satoshi Nakamoto. pic.twitter.com/7sDOczS7WT — Arkham (@ArkhamIntel) September 22, 2023 Furthermore, Arkham also noted that they tagged and identified 3...

Kusama responded to Coinbase’s CEO, Brian Armstrong's update with the statement, "If it isn't a shadowcat, it's a copycat." Shytoshi Kusama, the lead developer of Shiba Inu, has given a response to Coinbase's Onchain Summer campaign . He suggested that Coinbase's campaign seemed to have similarities with the ideas originally presented by the Shiba Inu community. Kusama responded to Coinbase’s CEO, Brian Armstrong's update with the statement, "If it isn't a shadowcat, it's a copycat." On August 3, Armstrong showcased in a tweet the use of the Base bridge, launched the previous day, while highlighting Coinbase's upcoming Onchain Summer initiative. Coinbase is preparing to launch its Ethereum Layer 2 solution, known as Base, on the mainnet. Armstrong recently confirmed that Base is aimed at bringing the next billion users into the blockchain ecosystem. It aims to achieve this goal by offering tools for the development of various W...

Ethereum (ETH) prices are roughly 18% from June 2023 lows at the back of increasing ETH staking and massive withdrawals from centralized cryptocurrency exchanges like Binance and Coinbase.  As of June 25, ETH is changing hands at $1,912, steady in the past two days but trading within a bullish formation following sharp gains this week.  Further buoyed by fundamental factors, traders are confident that there could be more price gains above immediate liquidation levels, including April 2023 highs at $2,100. More ethereum staked According to Etherscan data, there have been over 216,000 transactions that have seen users stake over 25.5 million ETH worth over $48.9 billion at spot rates. Notably, this trajectory has been steadily rising, indicating support from the broader Ethereum community and confidence in the state of the network. You might also like: Ethereum’s zkSync Era reaches $500m in TVL Ethereum recently shifted from a proof-of-work to a proof-of-stak...

Also Read: US Court Interrupts SEC’s Enforcement Against Crypto Exchanges advertisement US SEC Making Faulty Claims? Attorney James Murphy mentioned that the U.S. SEC is alleging that Coinbase acted as an illegal unregistered securities exchange since 2019. However, it is important to note that, back in April 2021, the commission itself approved Coinbase’s application to go public. He highlighted that the U.S. SEC Chairman, Gary Gensler on May 6, 2021, testified ahead of Congress under the current law, that the agency does not hold authority to regulate crypto exchanges. Going with the testimony, Attorney suggests that the commission should lose its claims in court. The attorney added that the U.S. SEC chair’s testimony was entirely correct. Congress here needs to answer which agency holds the authority to regulate crypto exchanges in the country. Meanwhile, the commission, itself cannot assert its legal authority over the matter. Read Mor...

Since Binance and Coinbase were sued for offering unregistered securities, Dorsey has tweeted posts promoting a focus on Bitcoin development. Long-time Bitcoin (BTC) advocate Jack Dorsey has found himself in a Twitter war with several crypto industry pundits after he responded with “yes” to a question asking if Ether (ETH) was a security . The comment caught the attention of Udi Wertheimer, a Bitcoin Ordinals developer at Taproot Wizards, who inferred Dorsey was a “clown” in a tweet on June 6. In response, Dorsey tweeted “ETH is not a security ? Teach me wizard,” which prompted Wertheimer to share a five-year-old video of the United States Securities Exchange Commission (SEC) chair Gary Gensler stating that ETH was now “sufficiently decentralized” and wasn’t a security . clowns. pic.twitter.com/S8AiJwuMem — Udi Wertheimer (@udiWertheimer) June 6, 2023 However, Gabor Gurbacs, strategy advisor to stablecoin issuer Tether and investment management firm VanEck weighed in on Werthei...

Also Read: Gemini Derivatives Exchange Reprimanded In Philippines advertisement “It’s Time To Update The System” In a short video message, Armstrong explains “how crypto moves America forward and why it’s the most important technology we have to create more economic freedom.” Overall, the crypto ad campaign is targeted at showacasing how the digital assets industry can help update the financial system. It’s time to update the system, the CEO added. Armstrong explained that there was no stopping the invention behind cryptocurrencies, as most countries began embracing the technology. “Cryptocurrency, regardless of what you think about it, is not going anywhere. It can’t be uninvented. Most of the world is embracing this technology now to update their financial system.” He also explained how the Crypto Market is associated with a perception about financial frauds and scams. Therefore, crypto is...

After the Coinbase email newsletter, the crypto community, especially people supporting the PEPE meme coin criticized the crypto exchange for calling the most loveable meme on the internet a hate symbol. People asked Coinbase and CEO Brian Armstrong to apologize and remove the negative words about PEPE. advertisement “ #DELETECOINBASE ” started to trend on Twitter as the community warns to delete their Coinbase accounts. Some even go on to compare the posts of Gemini and Coinbase. Gemini announcing their support for PEPE and listing the meme coin said: “PEPE builds upon the popular “Pepe the Frog” meme created by Matt Furie in the early 2000s. PEPE continues the tradition of giving the control of money back to the people. We’re here to empower you with greater choice, independence, and opportunity, as we continue on our mission to unlock the next era of financial, creative, and personal freedom.” Also Read: Gemini Lists...