By Darin Carter and Trent Fuenmayor, Coinbase Giving Tl;dr: We continue to invest in high impact projects that advance economic freedom around the world. We’ve pledged $10M in Q1 and supported more than 20,000 people. More to do. Coinbase Giving is the embodiment of our commitment to Pledge 1% of profits, equity, and employee time to philanthropic work that advances…
While there’s a number of bitcoin whales that often get caught by blockchain parsers and written about in media reports, ethereum whales get a lot less attention. According to statistics in 2022, there are a lot more ethereum whales than holders with large sums of bitcoin. In fact, while the top 100 richest bitcoin addresses control 14.08% of the circulating…
Mykhailo Fedorov, Vice Prime Minister of Ukraine and Minister of Digital Transformation of Ukraine, tweeted that the Ukrainian government will accept war effort contributions in the form of nonfungible token (NFT) donations and purchases. Via the official “Aid for Ukraine” crypto fund, individuals can donate cryptocurrency, fiat and now NFTs. So far the initiative has raised over $60 million, according to…
Axie Infinity was a pioneer of the play-to-earn movement and the project inspired new Web3 applications that aspire to apply the earning model to their respective ecosystems. The latest project to join the move-to-earn movement is STEPN, a Solana-based Web3 application where owners of the NFT sneakers earn as they walk. STEPN has programmed a few factors that determine just…
A bipartisan group of lawmakers—including the leading Republican on the House Agriculture Committee—has introduced a new bill to regulate developers, dealers, and exchanges working with digital commodities, including stablecoins and, ostensibly, Bitcoin. The Digital Commodity Exchange Act of 2022—which would expand the U.S. Commodity Futures Trading Commission’s regulatory power—is sponsored by Rep. Glenn Thompson (R-PA), the ranking Republican member of…
Goldman Sachs has offered its first bitcoin-backed loan. The arrangement, made popular over the past few years in the Bitcoin industry by newer fintech companies, enables a bitcoin holder to obtain fiat money like U.S. dollars by putting up their BTC as collateral to the bank. If the price of bitcoin drops, the user may be required to increase their…
We’re thrilled to announce that Kraken now supports Gari Network (GARI), STEPN (GMT), Green Satoshi Token (GST), Marinade SOL (mSOL) and Samoyedcoin (SAMO)! Funding and Trading Funding is live, and trading will begin on April 29 at approximately 18:30 UTC. Keep an eye on the status page for updates. You can add these tokens to your Kraken account by navigating…
By Brian Armstrong, CEO and Cofounder Tl;dr: We review assets as thoroughly and quickly as possible, and list everything that we can safely and legally. But there is always more we can do to improve our asset listing process. Recently, members of the crypto community have told us that they don’t always understand why Coinbase lists certain assets and not…
Following the confusion that surrounded initial reports, a senior staffer in the Central African Republic (CAR)’s presidency has now confirmed that bitcoin will become the country’s reference currency. First Country in Africa to Officially Adopt Bitcoin A press statement supposedly issued by the office of the Presidency of the Central African Republic (CAR) appeared to confirm reports by multiple media…
Him Das, the acting director of the United States Financial Crimes Enforcement Network, or FinCEN, said some of the government bureau’s tools to fight money laundering and terrorism financing may be ill suited for crypto. In a Thursday hearing of the House Financial Services Committee on ‘Oversight of the Financial Crimes Enforcement Network’, Das addressed concerns from lawmakers regarding FinCEN’s…
