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Tech

The Protocol: Coinbase Launches Own Blockchain as Sleuths Scour PayPal's Stablecoin Software

We're covering Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software.

Coinbase CEO Brian Armstrong (Coinbase)

Pananalapi

Early Base Whales Have an Affinity for Meme Tokens, Nansen Says

The top 22 depositors to Base as of July 31 have allocations in a telegram trading bot token, several meme tokens and an on-chain casino token.

(Mike Doherty/Unsplash)

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Coinbase’s New 'Base' Blockchain Goes Live; Rep. Maxine Waters Is 'Concerned' About PayPal's Stablecoin

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Base, Coinbase’s layer 2 blockchain, officially opens to the public. Rep. Maxine Waters (D-Calif.) vocalizes her concerns about the launch of PayPal’s stablecoin. And, a new crypto show aims to capture mainstream attention by taking inspiration from popular TV broadcasts like "The Apprentice" and "Shark Tank."

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Coinbase's Layer 2 Blockchain 'Base' Officially Goes Live, With Over 100 Dapps Deployed

Coinbase (COIN) announced that its new "Base" blockchain has gone live, heralding the start of a new era of public companies running their own distributed networks. "The Hash" panel discusses their outlook on the layer 2 blockchain and the crypto exchange's decision amid recent U.S. regulatory pressures.

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Web3

Coca-Cola and Friends With Benefits Headline Base’s ‘Onchain Summer’ Web3 Festival

Coinbase’s layer 2 network is celebrating its launch with Onchain Summer, a multi-week series of Web3 activations across art, gaming and music.

Onchain Summer commemorative NFT (Coinbase)

Tech

Coinbase Officially Launches Base Blockchain in Milestone for a Public Company

The largest U.S. crypto exchange says its blockchain is the first to be launched by a publicly traded company and gives it a new revenue opportunity.

Coinbase's Base blockchain has gone live (Chesnot/Getty Images)

Tech

Coinbase Exec: ‘There’s No Playbook’ for Public Company Launching Blockchain

As Coinbase, the big U.S. crypto exchange, plans to launch its new Base blockchain on Wednesday, CoinDesk interviewed Jesse Pollak, Coinbase's head of protocols, who’s leading the effort. Here’s an excerpted version.

Jesse Pollak, head of protocols at Coinbase (CoinDesk TV)

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Coinbase 'Has an Uphill Climb' Against SEC: Former SEC Senior Trial Counsel

Coinbase is asking a judge to dismiss a lawsuit from the SEC. This comes as the regulator sued Coinbase in June, alleging the crypto exchange violated federal securities laws. Howard Fischer, Moses Singer partner and former SEC senior trial counsel, shares his insights into Coinbase's latest legal arguments and potential outcomes.

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Miami Mayor Suarez Greenlights Bitcoin Campaign Donations; Coinbase Asks Judge to Dismiss SEC Lawsuit

“CoinDesk Daily” host Zack Seward dives into today’s hottest stories in crypto, as Coinbase files a motion requesting a judge to dismiss a recent lawsuit from the U.S. Securities and Exchange Commission. Plus, Miami Mayor Francis Suarez remains bullish on crypto, announcing on CoinDesk TV that his presidential campaign will be accepting bitcoin for donations.

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Coinbase Beats Q2 Revenue Estimates, but Transaction Revenue Falls

Coinbase released its latest quarterly earnings results. The crypto exchange beat analyst estimates for the second quarter, reporting revenues of $708 million a narrower-than-expected loss of $0.42 a share. Coinbase shares (COIN) have risen roughly 15% in the past month. Oppenheimer Senior Analyst Owen Lau shares his key takeaways.

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