Synthetix launches multi-collateral perps on Base amid revamp

December 19, 2024 Coin Telegraph

Arbitrum

The DeFi protocol also launched an in-house perpetuals trading app.

Decentralized finance (DeFi) protocol Synthetix has begun accepting multiple token types as collateral for leveraged perpetuals trading on Coinbase’s Base network, Synthetix said on Dec. 18.

Launching so-called “multicollateral perps” on Base, one of Ethereum’s most popular layer 2 (L2) scaling networks, is part of a broader revamp of the DeFi protocol after a governance shakeup in October.

Adding multi-collateral perps will allow users to post tokens such as Coinbase Wrapped BTC (cbBTC) and Coinbase Wrapped ETH (cbETH) as trading collateral, Synthetix said.

Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

Coinbase Says Justin Sun ‘Unnacceptable Risk’ to Wrapped Bitcoin After Delisting wBTC

December 18, 2024 The Daily Hodl

Altcoins

Crypto exchange Coinbase has cited risks linked to Tron-founder Justin Sun during a lawsuit over its delisting of Wrapped Bitcoin (wBTC). In a recent complaint, the wBTC custodian and Sun-affiliated BiT Global accused Coinbase of using wBTC – the tokenized representation of Bitcoin (BTC) on the Ethereum (ETH) blockchain – as a “cash grab” before delisting […]

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Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

Coinbase Opposes $1 Billion Lawsuit Over WBTC Delisting by Bit Global

December 18, 2024 Bitcoin.com

Coinbase Opposes Billion Lawsuit Over WBTC Delisting by Bit Global

bitcoin.com

Coinbase has thrown a legal argument against a lawsuit from Bit Global Digital Limited, which aims to overturn Coinbase’s choice to drop wrapped bitcoin (WBTC) from its exchange. Coinbase Defends Its Decision to Delist WBTC In a court filing submitted on Tuesday, Coinbase defended its action, claiming it was a necessary step to shield its […]

Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

Crypto ‘eating TradFi’s lunch’ as $5.75B Coinbase revenue beats Nasdaq

December 17, 2024 Coin Telegraph

<div>Crypto 'eating TradFi's lunch' as .75B Coinbase revenue beats Nasdaq</div>

Bitcoin

Coinbase and DeFi pose serious competition for traditional exchanges as Bitcoin ETFs beat gold by assets under management.

Bitcoin and cryptocurrency exchange Coinbase are beating Nasdaq in terms of revenue in 2024, the latest data shows.

Figures uploaded to X on Dec. 17 by Jamie Coutts, chief crypto analyst at investment firm Real Vision, show 12-month exchange revenue nearing $6 billion.

Crypto markets’ Q4 transformation has led to the sector vying with Wall Street for supremacy when it comes to 2024 performance.

Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

WBTC Delisting Sparks Skirmish Between Justin Sun and Coinbase Executive

December 16, 2024 Bitcoin.com

bitcoin.com

The upcoming delisting of Wrapped BTC (WBTC) from the Coinbase platform and the legal battle between the exchange and Bit Global have sparked a series of social media skirmishes between Bit Global-linked Justin Sun and Coinbase CLO Paul Grewal. Justin Sun and Coinbase CLO Paul Grewal Discuss WBTC Delisting on Social Media The recent lawsuit […]

Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

Solana-Based Decentralized Real Estate Trading Platform Rallies After Coinbase Places Altcoin on Listing Roadmap

December 15, 2024 The Daily Hodl

Altcoins

A decentralized real estate trading platform built on the smart contract platform Solana (SOL) is surging after getting a spot on Coinbase’s listing roadmap. In a new thread on the social media platform X, Coinbase Assets announces the addition of decentralized exchange (DEX) Parcl (PARCL) to its roadmap, triggering a nearly 50% rally in just […]

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Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

Wrapped Bitcoin Custodian BiT Global Sues Coinbase After November WBTC Delisting

December 14, 2024 The Daily Hodl

BiT Global

New court documents show that BiT Global, a custodian of Wrapped Bitcoin (wBTC), is suing Coinbase after the top US-based crypto exchange delisted wBTC in November. In a new complaint, BiT Global accuses Coinbase of using wBTC – the tokenized representation of Bitcoin (BTC) on the Ethereum (ETH) blockchain – as a “cash grab” before […]

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Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

Bit Global Files $1 Billion Lawsuit Against Coinbase Over WBTC Delisting

December 13, 2024 Bitcoin.com

BiT Global

Bit Global has filed a $1 billion lawsuit against Coinbase, alleging anticompetitive practices following the delisting of the wrapped Bitcoin token (WBTC) from the exchange. The lawsuit, filed in the U.S. District Court for the Northern District of California, accuses Coinbase of exploiting its dominant position in the market to favor its own product, cbBTC. […]

Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

Crypto Exchange Coinbase Adds Support for Gigachad (GIGA) and Two Additional Altcoins

December 13, 2024 The Daily Hodl

Altcoins

Top US crypto exchange Coinbase has added support for three additional digital assets, including memecoin Gigachad (GIGA). Solana (SOL)-based GIGA, a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, is up more than 39% from its $0.04911 low on Tuesday, the day it was listed on Coinbase. GIGA is trading for […]

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Former CEO of Crypto Exchange Bithumb Sentenced to Two Years in Prison: Report

Coinbase Will Surpass Charles Schwab As Most Valuable Brokerage in the World, According to Bitwise – Here’s Why

December 12, 2024 The Daily Hodl

BASE

Crypto asset manager Bitwise says that top US-based crypto exchange Coinbase will usurp Charles Shwab as the world’s most valuable brokerage. In a new report, Bitwise says it envisions Coinbase’s stock (COIN) reaching a price tag of $700 in 2025 – more than double its current price – making it surpass financial services titan Charles […]

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coinbase