Less than a week after news broke that the U.S. Securities and Exchange Commission was investigating Uniswap, Coinbase, the publicly traded crypto exchange that’s become a bellwether for the burgeoning industry, said it expected to be sued by the agency in connection with its forthcoming offering, Coinbase Lend. “Last Wednesday, after months of effort by…

Whopping interest rates on offer from crypto lending platforms have been a big story over the last several months. Now Coinbase and Compound, two giants in the space, are wading in with their own reinventions of an old banking staple — the savings account.  The question is, are customers ready for the torque and complexity…

On-Chain Markets Update by Lucas Outumuro, IntoTheBlock When Curve launched back in February 2020, many might have thought a DEX for stablecoins was a niche segment. Fast forward to today and Curve is averaging over $300 million in daily volumes, and has recently seen competing moves from the likes of Uniswap and Coinbase as the…

Coinbase Wallet has a new Chrome browser extension that will be competing directly with MetaMask, DeFi’s long-standing go-to browser wallet. Coinbase Wallet, which had previously only been available on mobile devices, is Coinbase’s non-custodial Web3 Wallet geared towards DeFi users (not to be confused with the Coinbase app, which provides a consumer wallet built into…

Sotheby’s art auction house is accepting Bitcoin and Ether as payment for physical artworks.  In collaboration with Coinbase, Sotheby’s becomes the first major fine art auction house to do this.  While Christie’s art auction house recently accepted $69M in ETH for Beeple’s “EVERYDAYS: THE FIRST 5000 DAYS,” that was an NFT. Sotheby’s is taking its…

Coinbase listed its stock today on the Nasdaq exchange at $381 per share and an initial market cap of $99.6B, marking the historic first entry of a crypto exchange onto the US stock market. The Coinbase listing is expected to draw a major new wave of investor interest towards crypto markets. Coinbase stock, ticker COIN,…

Yat, a project building internet identities, ran its first auction last week, selling 18 “yats,” or strings of emojis which can be used in URLs or as payment addresses. Its highest selling item, the key emoji sold for $425K according to the auction’s website.  Yat is aiming to create a “new censorship resistant internet identity…

Coinbase, the largest US-based cryptocurrency trading venue, has opened up the books highlighting just how powerful this crypto behemoth has become. There are more Coinbase users now than there ever will be Bitcoin mined. Over 10% of the entire crypto market rests in its balance sheet. And it is raking in billions, with revenue more…

There’s been an explosion of Ethereum scaling developments this past week, with the latest and arguably biggest one announced yesterday: Coinbase Wallet is integrating with Optimism’s Optimistic Rollup testnet. Coinbase Wallet is the US exchange’s non-custodial wallet and dapp browser (not the exchange itself) and the integration will allow users to view their balances and…