Coinbase chief executive Brian Armstrong says that artificial intelligence (AI) agents are now making crypto transactions among themselves. In a new thread on the social media platform X, Armstrong says the top US-based crypto exchange witnessed its first AI-to-AI transaction earlier this week. “What did one AI buy from another? Tokens! Not crypto tokens, but […]
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Despite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m. EDT, bitcoin is trading at $59,002 per unit, but in South Korea, the exchange rate hits $59,900, reflecting a 1.52% premium. Despite First Negative Dip Since Oct. 2023, South Korea’s Bitcoin Premium Continues Interestingly, […]
A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds were moved offshore or converted to cryptocurrencies such as bitcoin and ethereum via exchanges like Gemini, Bitstamp, Coinbase, and Binance. Investigators traced the […]
US crypto exchange Coinbase is employing artificial intelligence to mitigate against potential downtime during times of heavy traffic. Coinbase says it has deployed a machine-learning model that “predicts spikes in user traffic” and automatically deploys more server resources to pre-empt potential outages. “Crypto markets can be volatile. On the Coinbase platform, spikes of user activity […]
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A recent report from Cryptoquant reveals that comments by Federal Reserve Chairman Jerome Powell sparked a surge in U.S. bitcoin demand last week, though overall global demand remains weak. The report highlights the mixed signals in the market following the Fed’s announcement. Analysis Says Weak Global Bitcoin Demand Persists Cryptoquant‘s report details how bitcoin’s price […]
Coinbase CEO Brian Armstrong reflects on the past decade of the cryptocurrency industry, highlighting his initial expectation that payments would be the primary application for crypto. Instead, trading became the dominant force. Looking ahead, Armstrong remains optimistic about the future of crypto payments, citing advancements in stablecoins, layer two technologies, and simpler onboarding processes as […]
Coinbase chief executive Brian Armstrong has rolled out a new “on-chain score” platform for crypto wallets. Onchainscore.xyz assesses crypto wallets for “onchain-nativeness” on a 1-100 scale and provides information about the wallet’s activity history, token swaps, bridge transactions and the number of transactions on Ethereum (ETH) and the layer-2 scaling solution Base. Armstrong shared results […]
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Coinbase layer-2 network Base has notched a record number of daily active addresses amid a surge in growth of the new “basenames” service.
Coinbase layer-2 network Base has topped 1 million daily active addresses amid a massive surge in the number of new “basenames” registered on the blockchain.
Base reached a record 1.05 million daily active addresses on Aug. 24 and has fallen slightly to 1.03 million daily active users as of the time of publication.
This figure represents a 60% growth in the number of daily active addresses since the start of August.
PYUSD is competing with rivals such as Circle’s USDC and Tether’s USDT.
PayPal’s US dollar-pegged stablecoin, PayPal USD, has surpassed $1 billion in total market capitalization, according to data from CoinMarketCap.
Launched in 2023, PayPal USD (PYUSD) is backed 1:1 by US dollars and is issued by Paxos Trust Company, a US-regulated crypto custodian. It competes with other regulated, dollar-backed stablecoins such as Circle Internet Financial’s USD Coin (USDC).
“The shift toward digital currencies requires a stable instrument that is both digitally native and easily connected to fiat currency like the US dollar,” said Dan Schulman, PayPal’s president and CEO, in a 2023 statement.
The SEC alleges Kraken is operating an unregistered securities exchange.
A United States federal court denied crypto exchange Kraken’s motion to dismiss a Securities and Exchange Commission (SEC) lawsuit alleging Kraken is operating an unregistered securities exchange, according to an Aug. 23 court filing.
In November, the SEC charged Kraken with “operating Kraken’s crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency.”
“[T]he SEC has plausibly alleged that at least some of the cryptocurrency transactions that Kraken facilitates on its network constitute investment contracts, and therefore securities, and are accordingly subject to securities laws,” according to the opinion of the US District Court in Northern California.
