“Every institution is now starting to hold crypto,” according to Coinbase CEO Brian Armstrong, who also emphasizes that “the asset class will be a standard part of every diversified portfolio.” In addition, the CEO mentioned that in the future, organizations will use cryptocurrency for other purposes, like “holding it on their balance sheet, paying their … Read more
The U.S.-based cryptocurrency exchange Coinbase, through Coinbase Commerce, has discontinued supporting bitcoin payments using self-custody wallets. The exchange’s CEO, Brian Armstrong, made it clear that payments from Coinbase accounts to UTXO-based chains are still supported. But Commerce’s primary goal is to support ERC-20 tokens on layer 2 protocols, such as Polygon and Base. Coinbase Commerce … Read more
The value of bitcoin was between $51,850 and $52,350 on Friday, February 16, 2024. Onchain insights from Arkham Intelligence revealed that the massive Nasdaq-listed cryptocurrency exchange, Coinbase, currently has over 1 million bitcoin. With today’s market pricing, the wealth acquired by the San Francisco-based company is estimated to be slightly more than $52 billion. With … Read more