Coinbase reports 22% revenue growth, net loss of $79M for Q1; notes lower volatility in Q2
The company provided a statement regarding its reduction in workforce, stating that its objective is to achieve greater efficiency and productivity with fewer resources.
Coinbase users will no longer be able to borrow fiat against Bitcoin
Starting from May 10, the option for customers to borrow up to $1 million against 40% of their Bitcoin holdings will no longer be available.
Coinbase Suspends Offering Loans Against Bitcoin Via Its Borrow Service
Coinbase has announced that it will no longer offer loans backed by Bitcoin collateral and clarified that this decision will not affect current customers.
SUI Gets Binance Listing; IOU Price Set To Skyrocket
On May 3, 2023, Binance is scheduled to add Sui to its list of tradable assets and enable trading for six pairs, including SUI/BTC, SUI/USDT, SUI/TUSD, SUI/BNB, SUI/EUR, and SUI/TRY.
Crypto Exchange Binance Claims to Be A Victim of ChatGPT Smear Campaign
During an interaction, an AI platform called ChatGPT was challenged by a Binance executive regarding its assertion that CZ was, in fact, a part of the China National Petroleum Corporation.
XRP Lawsuit: How New US Supreme Court Move Could Help Ripple
The future of the cryptocurrency market may be significantly impacted by a new consideration being made by the US Supreme Court.
Binance CEO “CZ” Warns Justin Sun & Whales Over Misusing SUI Airdrop
The CEO of Binance, known as CZ, has issued a warning to Justin Sun, cautioning him against any potential misuse of the Binance Launchpool's SUI airdrop and indicating that there will be consequences if he does so.
Bitcoin Declines Amid JPMorgan, PNC’s First Republic Bank Buyout Bid
The First Republic Bank Buyout deal emerged as the U.S. banking sector was experiencing the failures of Silicon Valley Bank and Signature Bank.
Polygon partners with Google Cloud as Filecoin breaks into cloud market
Two blockchain initiatives have revealed their significant endeavors in cloud computing.
Coinbase CEO Hits Back At U.S. SEC, Says “Coinbase Does Not List Securities”
Coinbase issued an official response to a Wells Notice from the SEC on Thursday, which coincided with a video released by Gary Gensler criticizing crypto platforms.
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