Coinbase rival Kraken launches mobile crypto trading in US

Major global cryptocurrency exchange Kraken has launched a mobile crypto trading application in a new move to boost industry adoption in the United States. The company announced Wednesday that its new app is now available for most of the United States as well as other countries around the world for both iOS and Android users. The app allows users to trade more than 50 cryptocurrencies like Bitcoin (BTC) and Ether (ETH) via smartphones. The move follows a rollout of the Kraken mobile app in Europe this January. “This consumer app…

Dogecoin surges 40% on back of Coinbase Pro listing, Musk tweets

Meme cryptocurrency Dogecoin (DOGE) gained more than 40% early on Wednesday morning, following its listing on Coinbase Pro and yet another flurry of tweets from self-appointed DOGE spokesperson Elon Musk. Coinbase announced the listing of Dogecoin on its pro trader platform, Coinbase Pro, on Tuesday, sparking a swift revival in the coin’s fortunes. DOGE’s price sank 59% over the course of the previous month, following the wider market crash in early March. On Tuesday, the coin’s price jumped from $0.3137 up to $0.4398 in the hours following the Coinbase announcement,…

Memecoin DOGE set for listing on Coinbase Pro

Coinbase Pro, the professional trading arm of the Coinbase cryptocurrency exchange, has begun accepting inbound transfers for Dogecoin (DOGE), setting the stage for wider adoption of the meme-based digital asset.  Trading of DOGE will go live on Coinbase Pro Thursday at 9:00 a.m. Pacific Time, provided that liquidity conditions are met, the exchange announced Tuesday afternoon. Starting today, inbound transfers for DOGE are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT…

Coinbase debuts crypto rebate for online shopping via Apple Pay and Google Pay

Online shoppers who pay with their Coinbase Card on Apple Pay and Google Pay will begin enjoying crypto rebates. In an announcement on the Coinbase blog issued on Tuesday, the exchange service revealed that starting in June, some whitelisted customers will be selected to begin enjoying the crypto rebate feature. As part of the announcement, Coinbase revealed that customers who use their Coinbase Card on Apple Pay and Google Pay can earn up to 4% in crypto rewards for online shopping. “Splurging for guacamole with your Coinbase Card is a…

Has Coinbase launched a decentralized fact checking portal?

Coinbase CEO Brian Armstrong has announced the launch of what he’s calling a “Fact-Check” via the company’s blog. In a May 27 post titled “Announcing Coinbase Fact Check: Decentralizing Truth in the Age of Misinformation,” Armstrong expressed the firm’s desire to combat untrue assertions aimed towards Coinbase and the crypto industry as a whole: “We will use this section of the blog to combat misinformation and mischaracterizations about Coinbase or crypto being shared in the world.” The post was subtitled: “Every tech company should go direct to their audience, and…

Coinbase leads $6M funding for Indonesian crypto exchange

Pintu, an Indonesia-based cryptocurrency exchange focusing on first-time crypto users, has raised $6 million to support its mission to drive industry adoption. The company announced Tuesday that it has completed a Series A funding round led by major global crypto investors including Pantera Capital, Coinbase Ventures, and Intudo Ventures, tech news agency Tech in Asia reports. Other inventors like Alameda Ventures, Blockchain Ventures, and Castle Island Ventures also participated in the round. Founded in 2020 by Jeth Soetoyo, Pintu is a major licensed cryptocurrency company in Indonesia, regulated by the…

Bitcoin’s drop from $64K comparable to Black Thursday, but Coinbase outflows hint at accumulation

Elon Musk and COVID-19 have something in common: They have both panicked investors — at least once — into dumping their Bitcoin (BTC) holdings. The similarities notched up higher in the previous six days as Musk doubled down on his chaos-inducing perspective toward Bitcoin. The billionaire entrepreneur engaged in a Twitter spat with top cryptocurrency advocates over the weekend, including podcaster Peter McCormick, as he projected his favorite token, Dogecoin (DOGE), as superior to Bitcoin. Obnoxious threads like this make me want to go all in on Doge — Elon…

Coinbase to raise $1.25B via debt securities for institutional investors

United States-based cryptocurrency exchange Coinbase seeks to raise $1.25 billion in funds through a proposed private offering for institutional buyers.  According to an announcement on May 17, the offering will be in the form of convertible senior notes due 2026, available only for institutional investors who manage a minimum of $100 million in securities issued by other companies. These investors are defined as such pursuant to Rule 144A of the U.S. Securities Act. A senior convertible note is a debt security that entitles its holder to a stream of interest payments.…

Coinbase (COIN) falls below $250, blockchain stocks sell off as Bitcoin dip continues

It is well known that as goes Bitcoin (BTC), so goes the rest of the cryptocurrency market, as time and again, major price moves from Bitcoin create ripples across the altcoin market, impacting sentiment and momentum. This appears to be the same for blockchain-related stocks that trade in the traditional financial markets, and a quick glance at the charts shows they have mirrored Bitcoin’s performance over the past several months.  The cryptocurrency ecosystem was all abuzz just over one month ago when the much anticipated Coinbase stock listing finally arrived on…

Coinbase Wallet adds Chrome browser extension

Digital currency exchange Coinbase has announced a new browser extension for its native wallet, enabling users to more easily connect to decentralized applications and decentralized finance directly on their desktop.  The Coinbase Wallet browser extension is now available on Google Chrome, the company announced Monday. Coinbase Wallet lead Sid Coelho-Prabhu said that more than 1 million Coinbase Wallet customers regularly connect to applications like Uniswap and Compound. The new Chrome extension will streamline this process, removing the need to scan a QR code on their mobile devices each time they…