‘Revolving Door Politics’: Coinbase Responds to Sen. Warren

Leading American digital asset trading platform Coinbase recently responded to United States Senator Elizabeth Warren’s claim that the exchange adopted “revolving door politics” to prevent the implementation of effective digital asset regulation in the country. This refers to Senator Warren’s raised concerns over the digital asset industry’s recruitment of former government officials to influence policymaking through lobbying efforts.

Faryar Shirzad, Chief Policy Officer of Coinbase, took to social media platform X to condemn Warren’s allegations, stating that the only publicly listed digital asset trading platform in the U.S. has been committed to the implementation of a…

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Digital Asset Firms Ramp Up Donations to U.S. Politicians: FT

In response to escalating regulatory challenges and increasing skepticism, digital asset companies are reportedly upping their political donations. Notable players, including Coinbase, Circle, and a16z, are directing funds towards supporting pro-digital-asset legislators and influencing stalled bills in Congress, particularly in anticipation of the upcoming presidential election.

Donations to Politicians

According to a recent report by the Financial Times, in the past week, these companies collectively injected $78 million into Fairshake, a federal super PAC designed to support “pro-crypto leadership.”

Faryar Shirzad, Chief Policy Officer at Coinbase, emphasized their…

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Check Out the Top Crypto Gainers of the Day

  1. Kadena (KDA): 65.8%
  2. Alchemix (ALCX): 58.1%
  3. BarnBridge (BOND): 50.2%
  4. Moonriver (MOVR): 44.2%
  5. Kusama (KSM): 38.8%
  6. Metis (METIS): 34.5%
  7. Dego Finance (DEGO): 34.2%
  8. dogwifhat (WIF): 28.0%
  9. Elastos (ELA): 25.9%
  10. Axie Infinity (AXS): 23.9%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Bitcoin Headed For A New All-Time High? Here’s What This Indicator Says, According To Crypto Analyst

Bitcoin BTC/USD is predicted to hit a new all-time high in the near future based on a significant trend indicator.

What Happened: Crypto analyst TechDev highlighted that Bitcoin’s on-balance volume (OBV) is currently hinting at potential new peaks for the cryptocurrency king.

The analyst highlighted that the OBV, an indicator that uses volume flow to anticipate price changes, has historically signaled this ahead of Bitcoin’s new record highs in 2017 and 2021.

“Bitcoin’s two-month OBV is at new highs. Historically, it’s meant a new ATH was no more than two months away… And a top was six to 10 [months away],” he said.

Furthermore, TechDev noted that each time the OBV hits a new high,…

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Top 10 Trending Crypto Coins of The Day

  1. Baby Grok: Market Cap of $22 Million.
  2. Moonriver: Market Cap of $325 Million.
  3. Strike: Market Cap of $58 Million.
  4. Firo: Market Cap of $30 Million.
  5. Solana: Market Cap of $48.5 Billion.
  6. PancakeSwap: Market Cap of $800 Million.
  7. Kusama: Market Cap of $527 Million.
  8. Hourglass: Market Cap of $39 Million.
  9. Moonbeam: Market Cap of $481 Million.
  10. Kadena: Market Cap of $337 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Wildest crypto predictions for 2024

The online part of the crypto world is always good for a hot take or two. 

As we head into the new year, here are a few predictions for 2024, from the pretty reasonable to the only-in-crypto. 

A bearish year for Binance

Binance saw its trading volume boosted by FTX’s collapse in November 2022.

Since then, its market share has shrunk, falling 20% through November 2023, according to CCData. The loss was worsened by the DOJ’s indictment against former CEO Changpeng Zhao.

Still, Binance has been the world’s largest exchange by volume since 2017 and remains well ahead of its competitors in daily volume.

And a bullish one for Coinbase

A layer-2 and expansion abroad were among…

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Web3 isn’t taking cybersecurity seriously enough

Back in early 2022, hacks in crypto were certainly not rare, but their magnitude appeared dimmed by overall industry growth, adoption and the innovation of new, cutting-edge projects. 

But the effects of exploits are clearer today than ever before: Q3 was dubbed 2023’s most damaging yet, with over $700 million in losses through various hacks and scams.

Unfortunately, this hasn’t come as a complete surprise, as companies in the crypto space are largely responsible for their own cybersecurity failings.

Private capital investment in Web3 has slowed, with VCs exercising caution in light of the ongoing market headwinds. Companies have transitioned back to building and developing as a…

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Desert Mysteries: The Great Oil Game

This article is featured in Bitcoin Magazine’s “The Primary Issue”. Click here to get your Annual Bitcoin Magazine Subscription.

Click here to download a PDF of this article.

Come with me to the land of saffron and rosewater for a story lost in the annals of history. This ancient kingdom, rich in history and once the mightiest empire in the world, is a forgotten desert in the eyes of much of the West. Yet those who choose to ignore the Persian empire seem to have forgotten their role in shaping its modern history. Much like the women of Iran removing their hijabs today, let us remove the veil of ignorance that has clouded this murky history and explore a chapter of its history that…

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How Are Bitcoins Created? | A Closer Look At The Process

One of the common questions in bitcoin that often perplex people is about the origins of bitcoins: How are bitcoins created? To fully appreciate the innovative nature of Bitcoin, it’s essential to understand its creation process.

The term “mining” frequently used in this context can lead to confusion, as bitcoin don’t exist in a physical form as one might assume from the mining analogy. Instead, bitcoin are units of the digital currency, each uniquely associated with public keys and recorded on a public ledger called the blockchain.

How Are Bitcoins Created?

Let’s delve deeper into the concept of mining and how it fundamentally differs from traditional…

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Craig Wright Has to Pay $1M: Satoshi’s Identity Trial Extends

In the protracted legal saga surrounding the identity of Satoshi Nakamoto, the creator of Bitcoin, Australian computer scientist and entrepreneur Craig Wright finds himself in a precarious position. Wright, who has long claimed to be Nakamoto, has been ordered by UK Justice Edward James Mellor to pay over 800,000 pounds (approximately $1 million) to Bitcoin Core developers if he loses the lawsuit that has been unfolding since 2016.

Wright initiated a lawsuit against 13 Bitcoin Core developers and several companies, including Blockstream, Coinbase, and Block. The lawsuit alleges infringements on “his copyright” pertaining to Bitcoin’s white paper, Bitcoin file format, and Bitcoin…

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