Tag: Coinbase

BlackRock deposits $478.5M in Bitcoin and $195M in Ether into Coinbase

admin

Key Takeaways BlackRock deposited $478.5 million in Bitcoin and $195 million in Ether into Coinbase today. These deposits are part of BlackRock’s institutional crypto strategy via its ETF products. Share this article BlackRock deposited around 4,653 Bitcoin worth $478.5 million and 57,455 Ethereum worth $195 million into Coinbase today. The asset management giant has been actively depositing crypto assets into exchanges through its ETF products as part of its institutional crypto strategy. BlackRock has conducted multiple similar deposits of Bitcoin and Ethereum to Coinbase Prime in recent weeks. Its iShares…

Treasury Can’t Ignore Congress On Stablecoins, Coinbase Says

admin

The US Department of the Treasury is facing conflicting feedback from crypto companies and traditional banking groups over how to implement the GENIUS Act, the law that regulates stablecoin payments in the US. In a letter on Tuesday, Coinbase urged the Treasury to limit a ban on stablecoin interest payments exclusively to stablecoin issuers, while allowing it for non-issuers, such as crypto exchanges. Coinbase said its proposal aligns with Congress’s intent when passing the legislation. At the same time, several banking groups, led by the Bank Policy Institute (BPI), have…

BlackRock deposits $115M in ETH into Coinbase Prime

admin

Key Takeaways BlackRock deposited $115 million in Ethereum into Coinbase on November 5. The deposit is part of BlackRock’s broader strategy to use Coinbase Prime as a custodian for its crypto initiatives, including ETF operations. Share this article BlackRock, the global asset management giant, deposited $115 million in Ethereum into Coinbase Prime today, according to on-chain data. Coinbase serves as a key cryptocurrency platform and primary custodian for institutional digital asset activities, including trading and liquidity management for major asset managers entering the crypto space. The latest transfers come as…

Coinbase Exec Criticizes Banks’ Pushback to Crypto Charter Application

admin

The Independent Community Bankers of America (ICBA) is coming out against cryptocurrency exchange Coinbase’s application for a National Trust Company Charter in the US — a move that could threaten banks’ interests as the company moves closer to traditional finance. In a Monday letter to the US Office of the Comptroller of the Currency (OCC) — the office responsible for approving banking applications — the ICBA said it “strongly opposes” Coinbase’s subsidiary applying for a trust charter. The letter cited “untested” elements related to crypto custody, as well as claims…

Blackrock deposits 2,043 BTC and 22,681 ETH into Coinbase

admin

Key Takeaways BlackRock deposited 2,043 BTC and 22,681 ETH into Coinbase. The assets are worth about $213 million in Bitcoin and $80 million in Ethereum at current prices. Share this article BlackRock, the world’s largest asset manager, deposited approximately 2,043 BTC and 22,681 ETH into Coinbase today, according to data tracked by Arkham Intelligence. The deposits are worth approximately $213 million in Bitcoin and $80 million in Ethereum based on current market prices. BlackRock has been making recurring deposits of crypto assets to Coinbase Prime, signaling continued institutional engagement in…

BlackRock deposits 1,198 Bitcoin and 15,121 Ether into Coinbase

admin

Key Takeaways BlackRock moved 1,198 Bitcoin and 15,121 Ether to Coinbase today. The transactions were part of BlackRock’s institutional crypto operations, utilizing Coinbase Prime. Share this article BlackRock, the world’s largest asset manager, deposited 1,198 Bitcoin and 15,121 Ether on Coinbase today as part of its ongoing institutional crypto operations. As of October 31, BlackRock’s iShares Bitcoin Trust held over 801,000 Bitcoin, while its iShares Ethereum Trust managed nearly 4 million Ethereum. The transfers highlight BlackRock’s continued use of Coinbase Prime for large-scale digital asset movements. The asset manager has…

Eightco’s INFINITY authentication pilot integrates Coinbase for secure digital asset workflows

admin

Key Takeaways Eightco has developed INFINITY, an AI-resistant authentication solution targeting financial services and digital assets. Coinbase has joined Eightco’s INFINITY Authentication Pilot program to enhance secure digital asset workflows. Share this article Eightco, a Nasdaq-listed company developing AI-resistant authentication solutions for financial services and digital assets, today announced that Coinbase has joined its INFINITY Authentication Pilot program for secure digital asset workflows. INFINITY is designed to provide AI-resistant verification, enabling platforms to defend against deepfake risks and synthetic ID fraud in crypto environments. The pilot program focuses on proving…

Coinbase Mulls $2B BVNK Acquisition In Stablecoin Push

admin

Coinbase Global Inc., the world’s third-largest cryptocurrency exchange, is continuing its stablecoin push, after key legislation in the United States sparked a renewed wave of corporate interest in blockchain-based payments. Coinbase exchange is reportedly in late-stage talks to acquire stablecoin infrastructure startup BVNK in a $2 billion deal, people familiar with the matter told news outlet Bloomberg, according to a Friday report. The $2 billion acquisition is expected to close later this year or in early 2026, pending due diligence from the exchange, according to the anonymous source. The stablecoin…

Coinbase Defends Funding of White House Ballroom after East Wing Demolished

admin

Faryar Shirzad, chief policy officer at US-based cryptocurrency exchange Coinbase, has pushed back against many of the claims made by a US senator regarding ties to the Trump administration. In a Thursday X post, Shirzad responded to criticism from Connecticut Senator Chris Murphy, who claimed on social media that Coinbase was one of the cogs in US President Donald Trump’s “corruption factory” through its contributions to the political action committee (PAC) Fairshake and funding the 2025 inauguration. The senator drew a direct correlation between the funding and the US Securities…

Coinbase CEO turns earnings call into unexpected jackpot for prediction market traders

admin

Key Takeaways Brian Armstrong just “airdropped” alpha straight into the bags of traders on Polymarket and Kalshi. He literally hit nearly every keyword that the prediction market traders had wagered on. Share this article Coinbase CEO Brian Armstrong surprised listeners during the company’s third-quarter earnings call on Thursday after mentioning nearly every keyword that prediction market traders had wagered he would say. “I was a little distracted because I was tracking the predictions market about what Coinbase will say in their next earnings call,” said Armstrong as he wrapped up…