Online shoppers who pay with their Coinbase Card via Apple Pay and Google Pay will begin enjoying crypto rebates. In an announcement issued on Coinbase's blog on Tuesday, the exchange service revealed that starting in June, some whitelisted customers will be selected to begin enjoying the crypto rebate feature. As part of the announcement, Coinbase revealed that customers who use their Coinbase Card via Apple Pay and Google Pay can earn up to 4% in crypto rewards for online shopping. “Splurging for guacamole with your Coinbase Card is a no-brainer when you can earn 1% back in Bitcoin or 4% …

Coinbase CEO Brian Armstrong has announced the launch of what he’s calling a “Fact-Check" via the company’s blog. In a Thursday post titled “Announcing Coinbase Fact Check: Decentralizing Truth in the Age of Misinformation,” Armstrong expressed the firm’s desire to combat untrue assertions aimed toward Coinbase and the crypto industry as a whole: “We will use this section of the blog to combat misinformation and mischaracterizations about Coinbase or crypto being shared in the world.” The post was subtitled “Every tech company should go direct to their audience, and become a media company,” which he suggested elsewhere in the piece …

Pintu, an Indonesia-based cryptocurrency exchange focusing on first-time crypto users, has raised $6 million to support its mission to drive industry adoption. The company announced Tuesday that it has completed a Series A funding round led by major global crypto investors including Pantera Capital, Coinbase Ventures, and Intudo Ventures, tech news agency Tech in Asia reports. Other inventors like Alameda Ventures, Blockchain Ventures, and Castle Island Ventures also participated in the round. Founded in 2020 by Jeth Soetoyo, Pintu is a major licensed cryptocurrency company in Indonesia, regulated by the Indonesian Commodity Futures Trading Regulatory Agency, or Bappepti. The exchange …

United States cryptocurrency exchange Coinbase has tapped Faryar Shirzad to fill the role of chief policy officer at the firm, signaling its continued commitment to meeting the evolving regulatory landscape governing digital assets. In joining Coinbase, Shirzad left a 15-year position as global co-head of the office of government affairs at Goldman Sachs, where he “played a leading role in managing the firm’s government relations and public policy strategy,” the exchange said in a Monday blog post. In describing the role of the new chief policy officer, Coinabse said: “[...] Faryar will engage with lawmakers, regulators and other policy experts …

Wall Street megabank Goldman Sachs has initiated coverage of United States cryptocurrency exchange Coinbase with a buy rating following a major crash on crypto markets. In a note to clients on Monday, Goldman Sachs analyst Will Nance stated that Coinbase stock is the best way for investors to gain exposure to the crypto industry, CNBC reported. According to the report, shares of crypto companies like Coinbase should be regarded as a hedge against the parabolic volatility of cryptocurrencies like Bitcoin (BTC). “While we believe the core business today offers an attractive growth profile with the potential to drive new high …

China’s blockchain-linked equity stocks have been doing notably better than the rest of the global crypto equity market during a flash crash on Wednesday. According to a Bloomberg-curated basket of eight Chinese A-share equities tied to the blockchain industry, China’s blockchain equity stocks were down less than 2% as of 6 a.m. UTC on Thursday, Bloomberg reports. The equity basket comprises shares of IT services company Shenzhen Forms Syntron, business management firm Ygsoft, and data exchange-focused company Brilliance Technology. Ygsoft — a Chinese company specializing in blockchain-based tools for supply chain and product traceability — is down around 1.6% over …

As the price of Bitcoin (BTC) dove to prices not seen since February, site traffic on major crypto exchanges and websites have surged, seemingly causing outages, intermittent access and slower loading times. Earlier on Wednesday, users of Coinbase and Binance experienced delays in Ether (ETH) and ERC-20 token withdrawals “due to congestion on the Ethereum network,” according to the status pages of both major cryptocurrency exchanges. Purportedly for the same reason, Coinbase users still have only intermittent access to the website and mobile app while crypto analytics site CoinMarketCap and crypto exchange Kraken both briefly went down, leaving crypto users …

Cathie Wood's Ark Investment has reported holdings of 639,069 shares in Grayscale's Ethereum Trust for Q1 — currently worth around $20.9 million at today’s prices. ARK Investment has bought 639,069 shares of the Grayscale Ethereum Trust. pic.twitter.com/ofXD5F7QpA — Documenting Ethereum (@DocumentEther) May 18, 2021 The news of Ark’s major investment into Ethereum was seen as a bullish sign by Ethereum and DeFi proponents. Mythos Capital founder and Bankless author Ryan Adams emphasized how significant he saw the development: “Remember when you told you the institutions would never buy ETH? They keep underestimating this asset. ETH IS MONEY.” Ether bulls have …

Elon Musk and COVID-19 have something in common: They have both panicked investors — at least once — into dumping their Bitcoin (BTC) holdings. The similarities notched up higher in the previous six days as Musk doubled down on his chaos-inducing perspective toward Bitcoin. The billionaire entrepreneur engaged in a Twitter spat with top cryptocurrency advocates over the weekend, including podcaster Peter McCormick, as he projected his favorite token, Dogecoin (DOGE), as superior to Bitcoin. Obnoxious threads like this make me want to go all in on Doge — Elon Musk (@elonmusk) May 16, 2021 At one point in time, …

United States-based cryptocurrency exchange Coinbase seeks to raise $1.25 billion in funds through a proposed private offering for institutional buyers. According to an announcement on Monday, the offering will be in the form of convertible senior notes due 2026, available only for institutional investors th manage a minimum of $100 million in securities issued by other companies. These investors are defined as such pursuant to Rule 144A of the U.S. Securities Act. A senior convertible note is a debt security that entitles its holder to a stream of interest payments. Coinbase outlined the specific terms of its offering: "Coinbase also …

It is well known that as goes Bitcoin (BTC), so goes the rest of the cryptocurrency market, as time and again, major price moves from Bitcoin create ripples across the altcoin market, impacting sentiment and momentum. This appears to be the same for blockchain-related stocks that trade in the traditional financial markets, and a quick glance at the charts shows they have mirrored Bitcoin's performance over the past several months. The cryptocurrency ecosystem was all abuzz just over one month ago when the much anticipated Coinbase stock listing finally arrived on April 14, a date that also marks the most …

Digital currency exchange Coinbase has announced a new browser extension for its native wallet, enabling users to more easily connect to decentralized applications and decentralized finance directly on their desktop. The Coinbase Wallet browser extension is now available on Google Chrome, the company announced Monday. Coinbase Wallet lead Sid Coelho-Prabhu said that more than 1 million Coinbase Wallet customers regularly connect to applications like Uniswap and Compound. The new Chrome extension will streamline this process, removing the need to scan a QR code on their mobile devices each time they want to connect. Coelho-Prabhu explained: “Starting today, we’re making it …