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Coinbase exchange’s rapid rise left it exposed in Crypto winter

  Brian Armstrong, an early enthusiast of blockchain technology, built the cryptocurrency exchange Coinbase Global Inc. (COIN) to be a big company. He hired personnel by the hundreds, pushed into new geographies and scaled up the number of digital coins available on the platform. Coinbase exchange became the largest cryptocurrency exchange in United States and went public in spring of 2021 with a market capitalization of nearly $86 billion. This year’s cryptocurrency winter has dropped that value to roughly $21 billion. And it has left Mr. Armstrong to struggle with an expansive business now faced with huge expenses, falling cash and, more recently, a challenge from federal regulatory bodies. Adam Dell, chief executive of Domain Money, an app that allows investors to buy investments including cryptocurrency and is a Coinbase exchange competitor said that “ Coinbase expanded wildly before it got its sea legs. They grew so fast that it got away from them.” Almost every cryptocurre
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Coinbase crypto exchange

 Coinbase is an online platform that allows customers to buy, sell, store and transact cryptocurrencies. The platform has a range of features that are not seen in most other cryptocurrency exchanges. As part of the Coinbase system, a customer must verify their identity before being able to use the services offered through Coinbase such as buying or selling digital coins or fiat currency (such as US dollars). In addition to payments and transfers between Coinbase wallets and bank accounts, the service offers margin trading for an additional layer of investment opportunity. Users can also purchase digital coins on behalf of others without them having a coin wallet account - this is often used for when someone wants to pay another person as a gift. How To Fix Coinbase Major Issues This blog post will help you fix Coinbase major issues so you can continue using it! Coinbase is a popular cryptocurrency exchange and wallet service for people who are just getting started with Bitcoin and othe
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SEC launches probe into insider trading in crypto exchanges

  The US securities market regulator has launched an investigation to determine if cryptocurrency exchanges were doing enough to control insider trading on their platforms, according to the Fox Business report.   The U.S. Securities and Exchange Commission (SEC) has sent an official communication to at least one cryptocurrency exchange seeking evidence on the processes it followed to protect users from malpractices such as insider trading, said the report, citing an unnamed source with knowledge of the probe. The SEC’s decision to probe into cryptocurrency exchanges follows the collapse of the Terra LUNA token, in which investors lost around $40 billion when its peg to the US dollar was severed.It was one of the losses in a cryptocurrency crash that lowered the value of the global cryptocurrency market to less than $900 billion this month froman all-time high of $3.1 trillion in November 2021. More recently, the decentralized finance (DeFi) staking and lending platform Celsius
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CRYPTO MARKET COULD REMAIN BEARISH IF THESE THINGS DON’T CHANGE

  Bitcoins (BTC)lost theirvalue by more than half since their all-time highs in November 2021, leading to a major slump in the entire cryptocurrency market. Meanwhile, as soon as investors had started to recover from Bitcoin’s fall, Terra and TerraUSD massively hurt the rest of the market by falling further below. The fall of the Terra ecosystem spread a wave of fear and chaos leading to a massive self-off season. This weak sentiment resulted in investors withdrawing their money and dumping their investments. According to market experts, Bitcoin and Ethereum, the two of the most valuable digital assets in the market have lost their value by more than 40% since mid-November of 2021. In recent times, the price of Bitcoin has fluctuated more than any investor could have ever imagined. As the digital currency’s price is set around the$29,000 mark, investors feel relieved thinking that the crypto has finally stabilized, but experts predict that Bitcoin is due for more fluctuations. Recen
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How does inflation impact digital assets like Bitcoin and Ethereum?

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  Digital currencies are attractive to investors for several reasons. For some, they are a quick way to earn money, while for others, it is the belief in decentralized finance and blockchain technology. For some, investing in crypto could be seen as a portfolio diversification strategy or investing primarily due to FOMO. All the above reasons aside, what made Cryptocurrencies – such as – Bitcoin and Ethereum appealing in the first place is the idea that they are resistant to inflation and have been popularly called inflation hedges and a store of value. The result is potential protection for the buying power of the money. But what is inflation? And how does the rise in inflation affect cryptocurrencies? What is Inflation? In simple terms, inflation is the rise in prices of consumer goods which leads to a decrease in the purchasing power of the currency, like the US dollar. Economists believe that a healthy level of inflation helps the economy to grow. Bitcoin, in contrast, h
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Global crypto asset management platform, Kassio unveils its India operations

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  Global cryptocurrency asset management platform, Kassio, which offers investment solutions such as earn, shop, borrow, and trade, unveiled its India operations on Monday. Founded in 2020, Kassio was co-founded by Sachin Singh, Anuj Yadav and Bharat Vivek, with an overall experience of 10 years in building technology and product-based undertakings and expertise in cryptocurrency exchange and products. Commenting on the launch in India, Kassio's co-founder and chief operating officer, Bharat Vivek, said, “We are very excited to launch Kassio as it will be instrumental in providing quality and wholesome crypto offerings, especially in the Web3 space.” With its beta version going live in April, Kassio has received over 30k applications on its platform. According to the company, more than 60% of these applicants have already registered and verified on the platform and are currently using different Kassio products.In a statement, Kassio said that it has started with a vision to
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Crypto company Ripple exploring IPO after SEC lawsuit ends

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  Digital asset firm, Ripple is exploring the possibility of an Initial Public Offering (IPO) once its pending lawsuit with the U.S. Securities and Exchange Commission (SEC) has ended, CEO Brad Garlinghouse told CNBC news. The company usesthe world’s sixth-largest cryptocurrency ,  XRP , to facilitate cross-border payments. Ripple has been involved in a fifteen-month-long lawsuit with the SEC, which alleges that Ripple’s token XRP classifies as security. Therefore, the SEC’s lawsuit claims that the company executives illegally offered securities while selling XRP. However, the firmclaims that XRP should not be classified as a security. XRP is currently the sixth-largest cryptocurrency, with a market capitalization of $19.54 billion. It uses the token to offer a cross-border payments system. “I think we want to get some certainty and clarity in the U.S. with the SEC. You know, I’m hopeful that the SEC will not slow that process any more than they already have done,” Garlinghouse t
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