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MARKETS

CEOs Testify on Bitcoin Before U.S. Lawmakers

Namcios -
Executives said Bitcoin and cryptocurrencies are fundamentally different from the traditional system and need new rules.
BUSINESS

NBA Lands First Cryptocurrency Sponsorship With Coinbase

Namcios -
NBA agreed to a sponsorship deal with Coinbase, who will get WNBA, NBA G League, and USA Basketball branding.
MARKETS

Cathie Wood’s Ark Invest Sold Over 98,000 Coinbase Shares

Conor Chepenik -
On Monday, famous investor Cathie Wood’s eye-catching fund sold over 98,000 shares of Coinbase.
BUSINESS

Coinbase Multi-Factor Authentication Hacked, Users Lose Funds

Namcios -
Hackers leveraged a vulnerability in the bitcoin exchange's SMS recovery system to steal cryptocurrency from 6,000 customers.
BUSINESS

You Can Now Auto-Convert Your Paycheck To Bitcoin With Coinbase

Alex Mcshane -
Coinbase is rolling out paycheck direct deposits and auto-conversions into Bitcoin.
BUSINESS

Coinbase Lend Faces Backlash With The SEC

Namcios -
The bitcoin exchange isn't receiving the regulatory approval it expected for its Lend product, citing a lack of clarity from the SEC.
CULTURE

Bitcoin Price Breaks 50,000, Bitcoiners Brace For New All Time Highs

Alex Mcshane -
Early this morning the Bitcoin price broke $50,000 again, the highest price seen since Bitcoin’s correction in May.
MARKETS

How Much Bitcoin Will Coinbase Buy In New Reserve Policy?

Dylan Leclair -
We can make estimates on the size of the bitcoin allocation that will be made by Coinbase following announcement of its new reserve policy.
BUSINESS

Coinbase Builds $4 Billion Cash Pile, Neglects Bitcoin

Namcios -
The U.S. cryptocurrency exchange pushes for the trading of shallow tokens to ramp up revenue instead of promoting Bitcoin empowerment.
BUSINESS

Coinbase Brought In $2.23 Billion Of Revenue, 8.8 Million Monthly Transacting Users In Q2

Conor Chepenik -
Coinbase brought in over $2 billion in revenue and saw monthly transacting users grow 44%.
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