Coinbase S-1 reveals details of CFTC investigation into 2017 ETH ‘flash crash’
Coinbase’s S-1 registration statement filing has revealed details of a number of regulatory investigations involving the exchange in recent years. The filing, a key step on the firm’s path towards a direct listing on the Nasdaq exchange, provided a significant inside look of the business. A section ...
Coinbase CEO Brian Armstrong total compensation nears $60 million in 2020
Coinbase CEO Brian Armstrong took home nearly $60 million in total compensation last year, according to the exchange operator's S-1 Form published Thursday. That figure includes $1 million in salary, $56.7 million worth of stock options granted at a fair value, and $1.8 million marked as "all other ...
NFT marketplace Sorare raises $50 million in Series A led by Benchmark
Sorare, the platform for creating and trading football non-fungible tokens (NFTs), has raised $50 million in Series A. The round was led by venture firm Benchmark, an early backer of Uber, Instagram, and Twitter. Benchmark's general partner Peter Fenton has also joined Sorare's board of directors, S...
Coinbase says it holds bitcoin as an investment on its balance sheet
Crypto exchange operator Coinbase has revealed that it holds bitcoin and other crypto-assets as an investment on its balance sheet. "Since our founding in 2012, Coinbase has held bitcoin and other crypto assets on our balance sheet — and we plan to maintain an investment in crypto assets as we belie...
After 12 years of existence, it was about time for crypto to be recognized as it deserves. Step by step, blockchain technology made its way to public institutions after it conquered vendors and business enthusiasts. With all the issues that came with bank services, no wonder people are so hyp...
Ethereum scaling startup Optimism raises $25 million Series A led by a16z
Optimism, a startup focused on the scalability of the Ethereum blockchain network, has raised a $25 million Series A funding round led by Andreessen Horowitz. A16z said in a blog post published Wednesday that its investment followed a period of "looking at various approaches and teams building Layer...
DeFi protocol revenue has already reached a record monthly high in February
Decentralized finance (DeFi) protocols have already earned over $20 million more this month than in January, making February the biggest month ever for DeFi revenue generation. According to data compiled by The Block, in February, DeFi protocols have generated $171.5 million in DeFi revenue — a 14....
Powell says the Federal Reserve will engage the public on a digital dollar this year
The Federal Reserve will be engaging with the public on the question of a digital dollar, according to Chair Jerome Powell. Powell made his comments during Wednesday's House Financial Services Committee hearing in response to questions on the digital dollar concept from Representative Patrick McHenr...
dYdX’s perpetual contracts are now available to trade via Ethereum scaling solution StarkWare
Decentralized derivatives exchange dYdX announced Wednesday that its perpetual contracts are now available for trading on Ethereum Layer-2 scaling solution StarkWare. The Layer-2 solution is currently available in closed alpha with limited deposits. The full public launch is expected "in a few weeks...
Decentralized foreign exchange DFX Finance raised $5 million in seed round
DFX Finance, a decentralized foreign exchange startup for stablecoins, announced a $5 million seed round on Tuesday. Alongside the funding news was the launch of a dedicated governance token, with liquidity mining focus on three stablecoins: CADC, EURS, and XSGD. DFX intends to build out its team an...

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