Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
The amount of Bitcoin held by Binance and Coinbase has been following a falling trend since the beginning of the year. In May, Binance's Bitcoin holdings started to spike while Coinbase's kept falling.
The rating agency said that "weak earnings" and competitive pressure on Coinbase have weakened its coverage ratios.
Huobi Group's founder Leon Li is reportedly in talks with Tron founder Justin Sun and FTX founder Sam Bankman-Fried to sell his majority stake in the exchange.
Digital Currency Group Founder Barry Silbert suggests that with BlackRock's bitcoin trust, "central banks, now have an easy, safe way to invest in bitcoin"
The U.S. SEC has multiple probes open against Coinbase, with the latest evaluating its staking product.
Due to having its assets frozen as a part of an ongoing investigation, crypto trading platform Hotbit announced it suspended all functions. The exchange said the services will go back to normal as soon as the assets are unfrozen.
Coinbase CEO Brian Armstrong said on an Aug. 9 earnings call that the company is keen to see "common sense frameworks for regulation" next year within the United States.
Coinbase reported the biggest loss ever in Q2, losing more than $1B over the past 3 months. Assets held on the exchange also fell to just $96 million.
Reddit has partnered with FTX Pay to allow users to buy ETH with fiat to pay for gas fees associated with Community Points transactions.
