Tag: Coinbase
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Coinbase introduces tool to create AI agents in 3 minutes
Coinbase has unveiled a new AI tool, “Based Agent,” aimed at simplifying the creation of AI agents for developers in under three minutes. This development reflects the growing synergy between AI and blockchain technology, which Coinbase believes will reshape the digital economy. Key Features of Based Agent: Lincoln Murr Announced Based Agent The tool was…
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Coinbase replaces FTX as Golden State Warriors crypto partner
Coinbase has struck a new deal with the Golden State Warriors, positioning itself as the NBA team’s “official cryptocurrency platform and blockchain partner.” This partnership marks a significant moment for both parties, as Coinbase steps into a sponsorship role previously occupied by FTX, the exchange that collapsed in 2022. Key Highlights: Crypto in the NBA…
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Crypto stocks including Coinbase & Marathon digital fall
Cryptocurrency exchange Coinbase experienced its worst trading week of the year, with Bitcoin miner Marathon Digital falling by 20%. A basket of crypto-related stocks tracked by Schwab also dropped to its lowest point since February, reflecting concerns about the U.S. economy and a wider selloff in risky assets. The Nasdaq slid 5.8%, marking its worst…
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US govt sends $594m Bitcoin to Coinbase
The U.S. government transferred Bitcoin worth $593.5 million to its favored crypto brokerage, Coinbase Prime, on August 14, as reported by Arkham Intel. This transfer involved a 10,000 BTC tranche sent to the wallet “bc1ql” two weeks prior. The U.S. government has accumulated a total of approximately 69,370 BTC from the Silk Road seizure. This…
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Coinbase opens operations in Hawaii
Coinbase, the largest publicly traded crypto exchange in the U.S., has officially expanded its services to Hawaii, following recent regulatory changes by the Hawaii Department of Commerce and Consumer Affairs Division of Financial Institutions. These changes have provided more clarity for crypto firms operating within the state. Coinbase also offers staking services, allowing users to…
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Coinbase partners with US Marshal service
The US Marshals Service (USMS) has awarded Coinbase Prime a $32.5 million contract to safeguard and trade its large-cap digital assets. This decision, made after thorough due diligence by the USMS, part of the US Department of Justice responsible for asset forfeiture, highlights Coinbase Prime’s reputation for strong security and reliable service. Many institutional investors…
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Coinbase sues the SEC and FDIC
Coinbase is taking legal action after the SEC and FDIC denied information requests filed under the Freedom of Information Act (FOIA). The crypto exchange, through consultancy firm History Associates Inc, has sued the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) in a U.S. District Court for unfairly rejecting FOIA solicitations.…
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Coinbase Unveils Smart Wallet, Aiming to Bring 1 Billion Users to Crypto
In a move geared towards simplifying DeFi access, leading U.S. crypto exchange Coinbase has launched its highly anticipated Smart Wallet. Promising easy setup and gasless transactions, the wallet targets newcomers to the decentralized finance space. Siddharth Coelho-Prabhu, Coinbase’s senior director of product management, introduced the Smart Wallet in a recent blog post. He highlighted its…