When Coinbase introduced the x402 protocol on May 6, it did more than merely launch another feature—it ignited a significant shift in how we perceive and utilize digital payments online. By creatively repurposing the infamous HTTP 402 status code, which had largely remained dormant in the world of web protocols, Coinbase has set the stage
Exchanges
The introduction of the Markets in Crypto-Assets (MiCA) regulations marks a watershed moment in the European cryptocurrency ecosystem. Instead of merely navigating a chaotic terrain characterized by speculative volatility, exchanges are now galvanized into a space where adherence to regulatory compliance is not a choice but an imperative. This paradigm shift elevates user safety and
The recent plunge of MOVE, the native token of the Ethereum-based Movement Network, serves as a clarion call for the crypto industry. Following Coinbase’s explosive decision to delist MOVE amid serious allegations regarding its market-making integrity, the digital asset witnessed an astonishing 23% drop in value, settling at an all-time low of $0.18. This shocking
In the first quarter of 2023, Robinhood has experienced an impressive resurgence, particularly within the realm of cryptocurrency trading. With crypto revenue doubling year-over-year to $252 million, the platform highlights a shift in the financial landscape, driven largely by individual traders eager to make their marks in an evolving market. This explosion isn’t merely a
In a historic legal confrontation, Coinbase has taken a stand against what it perceives as an overreach by the Internal Revenue Service (IRS) in its quest for cryptocurrency user data. The amicus brief submitted to the U.S. Supreme Court sheds light on a burgeoning conflict at the crossroads of financial technology and constitutional privacy rights.
The recent transfer of approximately $20 million worth of TRUMP tokens from a wallet associated with the official Donald Trump memecoin initiative has sent shockwaves through the cryptocurrency market. On April 29, on-chain analyst EmberCN highlighted this notable activity, revealing that a total of 1.346 million TRUMP tokens had been moved to prominent exchanges like
In the fast-paced world of cryptocurrency, few incidents evoke as much outrage as a trading glitch that leads to massive, unexpected profits. On April 20, the Bitget exchange experienced a significant technical fault that sent the price of VOXEL, a relatively obscure gaming token, soaring by over 200%. This event resulted in trading volumes reaching
In a landscape characterized by constant change, Bitcoin’s dwindling supply on centralized exchanges is a significant marker of evolving market dynamics. As reported by CryptoQuant, the amount of Bitcoin held on exchanges has plunged to a staggering 2.5 million BTC, marking the lowest level since 2019. This significant reduction of 500,000 coins since the end
In a shocking turn of events, five US states—California, New Jersey, Maryland, Washington, and Wisconsin—have chosen to pursue legal action against Coinbase’s staking program. This aggressive stance is cloaked in concerns over regulatory compliance and investor protection, but what it truly reveals is a framework of over-regulation that threatens consumer choice and innovation. Coinbase’s chief
Riot Platforms’ recent entry into a $100 million credit agreement with Coinbase, secured against its Bitcoin holdings, might appear, at first glance, as a savvy business maneuver. However, peeling back the layers reveals a calculated risk that this pioneer of Bitcoin mining is undertaking. Leveraging its substantial Bitcoin treasury—currently valued at nearly $1.8 billion—opens the
