The crypto market continues to express more decline in the value of most assets, especially Coinbase. Also, the intense bearish trend is creating tighter conditions for almost all firms. The overall effect results in adverse reports on the performance of the companies. Recently, Coinbase, the most prominent American crypto exchange, released its report for the…
The ongoing crypto bear market seems like an unending journey, with more firms coming down with financial crises due to asset devaluations and other effects. Although some assets have seen brief rallies, many remain in decline. Regarding the crypto bear effects, Kathleen Breitman, CEO of Tezos, a blockchain platform, shared her opinion. Breitman thinks the…
The extended bearish trend caused panic and massive sell-offs in the crypto space. But it seems that the industry still records progressive moves. For example, a recent report shows a new partnership between Coinbase and MakerDAO. This collaboration aims to become the largest USDC holder. The world’s largest crypto exchange Coinbase announced the partnership. According…
The aim behind stablecoins development was to provide stability over the highly volatile nature of crypto assets. This means that stablecoins hedge your funds against the impact of macroeconomic factors like inflation. Currently, stablecoins represent about 15% of the total crypto market cap of over $933 billion. Several prominent firms have created their stablecoins. Usually,…
It’s time for Brian Armstrong to make his move. While other billionaire CEOs try to buy bankrupt crypto companies on the cheap, the Coinbase leader is focusing his sights on hard science. To announce his new endeavors Brian Armstrong visited Tim Ferriss’ podcast. In that interview, he expanded on the deep topics that the companies…
After incurring a number of impairment losses brought on by the decline in cryptocurrency prices, the three biggest US publicly traded Bitcoin mining companies lost more than US$1 billion in the second quarter. Bitcoin Miners In Deep Red In the three months that ended June 30, Core Scientific Inc., Marathon Digital Holdings Inc., and Riot…
Data shows the Bitcoin Coinbase premium gap has surged up to positive values, suggesting that buying from investors on the exchange could be behind the pump to $22k. Bitcoin Coinbase Premium Gap Observes Sharp Rise To Positive Values As pointed out by an analyst in a CryptoQuant post, after many months of negative values, the…
Crypto coins exhibited exponential growth through the years, raising attention to the crypto space. There was no correlation between crypto performance and the conventional stocks of different commodities. However, all that seems to be fading into thin air from the recent activities and trends of digital assets. The chief economist of Coinbase, a crypto exchange,…
On-chain data shows the Bitcoin coinbase premium gap has improved recently and is now approaching a neutral value, suggesting the selling pressure may be drying up. Bitcoin Coinbase Premium Gap Close To Zero, But Still Negative As pointed out by an analyst in a CryptoQuant post, the selling pressure from US investors seems to have…
The boss of one of America’s leading centralized crypto exchanges, Coinbase, explained that Bitcoin could become the new global gold standard. He believes that the digital asset can revamp America’s fighting chances against the oncoming challenge from China. Brian Armstrong, the CEO, and Founder of the Coinbase crypto exchange, spoke about the broader crypto market…