Tag Archives: coinbase

Harvard, Yale, Brown Endowments Have Been Buying Bitcoin for at Least a Year: Sources

Harvard, Yale, Brown Endowments Have Been Buying Bitcoin for at Least a Year: Sources

Some of the largest university endowment funds in the U.S. have been quietly buying cryptocurrency for the past year or so through accounts held at Coinbase and other exchanges, CoinDesk has learned. According to two sources familiar with the situation, Harvard, Yale, Brown and the University of Michigan as well as several other colleges have […]

Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple

Coinbase to Suspend XRP Trading Following SEC Suit Against Ripple

Coinbase said it will suspend trading of XRP, the cryptocurrency behind the U.S. Securities and Exchange Commission lawsuit against Ripple Labs last week claiming it is really a security. Coinbase first listed XRP on its retail-facing platforms in February 2019. Starting now, XRP trading “will move into limit only,” Coinbase wrote. It will be fully suspended on Tuesday, Jan. 19, 2021, […]

Coinbase, With Bitcoin Soaring, Files in Preparation for Landmark Public Offering

Coinbase, With Bitcoin Soaring, Files in Preparation for Landmark Public Offering

Coinbase is getting ready to go public. On Thursday, the major cryptocurrency exchange filed preliminary documents with the U.S. Securities and Exchange Commission (SEC). Coinbase has been the subject of IPO speculation for months. But the timing, coming just one day after bitcoin (BTC, +7.77%) broke $20,000 for the first time ever, cannot be ignored. The major exchange […]

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

Banks in US Can Now Offer Crypto Custody Services, Regulator Says

The Office of the Comptroller of the Currency (OCC) is letting all nationally chartered banks in the U.S. provide custody services for cryptocurrencies. In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote that any national bank can hold onto the unique cryptographic keys for a cryptocurrency wallet, clearing […]

CoinMarketCap Metric Overhaul Keeps Owner Binance at the Top

CoinMarketCap Metric Overhaul Keeps Owner Binance at the Top

CoinMarketCap came under fire last month after its new web traffic-based ranking system gave Binance – which acquired the aggregator for a rumored $400 million in April – a perfect score. “Six weeks in and Binance’s acquisition of CoinMarketCap [is] already being abused to manipulate the rankings,” tweeted an irate Mati Greenspan at the time. Well, the price site […]

Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins

Coinbase Says That 60% of Its Bitcoin Buyers Go Into Altcoins

Major cryptoasset exchange Coinbase claims that although most of its users initially favor bitcoin (BTC), the vast majority also go on to trade altcoins and other digital assets. In a blog post, the platform claimed, “Among customers with at least five purchases, 60% start with bitcoin but just 24% stick exclusively to BTC.” It means that 60% of BTC […]

Coinbase Becomes First ‘Pure’ Crypto Firm Approved as Visa Principal Member

Coinbase Becomes First ‘Pure’ Crypto Firm Approved as Visa Principal Member

Coinbase, the San Francisco-based cryptocurrency exchange, has been made a Visa principal member. Announcing the news on its blog Wednesday, the firm said the news marks it as the “first pure-play crypto company” to be approved by the credit card giant. Coinbase has been working with Visa since 2019 when it launched its Coinbase Card in the UK. The […]

Winklevoss-Led Gemini Exchange Now Has Its Own Insurance Company

Winklevoss-Led Gemini Exchange Now Has Its Own Insurance Company

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has created its own insurance company to protect clients against the potential loss of coins from its offline vaults – with a possibly record-breaking $200 million coverage limit. Announced Thursday, the captive insurer will provide coverage for customers of Gemini Custody, the crypto cold storage […]

Coinbase-Led Crypto Ratings Council Plans Transparency Boost as New Members Join

Coinbase-Led Crypto Ratings Council Plans Transparency Boost as New Members Join

The Crypto Ratings Council (CRC), the Coinbase-led organization hoping to create a standard for assessing whether different cryptocurrencies are securities under U.S. law, is adding new members. The group announced Thursday that eToro, Radar and OKCoin US have joined the aspiring self-regulatory group looking to streamline how exchanges assess whether a cryptocurrency is a security. The […]

Fidelity Makes It Easy for No-Coiners to Invest in Crypto

Fidelity Makes It Easy for No-Coiners to Invest in Crypto

Following a limited launch last autumn, Fidelity Digital Assets is going all out in the hunt for institutional investors looking into cryptocurrency trading and custody solutions. Up until now, the platform was available only to select few investors on a trial basis. Among other perks, Fidelity’s cryptocurrency-focused services are expected to make it easier for […]