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Brian Armstrong Wants To Handle Growing Volumes Of Memecoins By Adding DEXes Into Coinbase: ‘A Little Bit Like The Early Days Of The Internet’

Post author By Benzinga
Post date 1Y

Brian Armstrong, the CEO of Coinbase Global Inc. COIN, has voiced the necessity for a reevaluation of the company’s token listing process amid a surge in meme coin launches.

What Happened: During the company’s fourth-quarter 2024 earnings call, Armstrong highlighted the cryptocurrency industry’s significant transformation, with an estimated 1 million tokens getting created weekly. He added that most of these new cryptocurrencies were “lower quality” and meme coins.

“It’s a little bit like the early days of the Internet; you could list all the major websites on a single directory,” the top executive stated. “And eventually, you needed Google Search to sort through…

Whale Alert: 4,135 BTC worth 399,848,462 USD transferred from Coincheck to unknown new wallet

Post author By WhaleAlerts
Post date 1Y

Transaction URL: https://blockchain.com/btc/tx/c671221d536cb6cabef3e1485c39bcd1b01ff58ec545b5d132171b4cc6f63e00

Whale Alert: 40,832,614 XRP worth 104,659,357 USD transferred from Coincheck to unknown wallet

Post author By WhaleAlerts
Post date 1Y

Transaction URL: https://bithomp.com/explorer/A308BD8EC80C49C5D63A9CEF513705073212DC8D8DF5218E15D7A57C33242A4B

LATEST: Coinbase Q4 Revenue Surges to $2.3 Billion, Exceeds Forecasts by 23%

Post author By cryptocrunchnews
Post date 1Y

Coinbase delivered a blockbuster fourth-quarter performance, reporting $2.3 billion in revenue, exceeding analyst expectations by 23%. This marks an 88% jump from the previous quarter, fueled by a 172% surge in transaction revenue to $1.6 billion. Subscription and services revenue also saw steady growth, reaching $641 million. The crypto exchange benefited from rising digital asset prices and increasing adoption of services like staking, custody, and USDC assets.

Strong market activity and growing interest in crypto helped Coinbase more than double its total revenue to $6.6 billion for 2024, with net income hitting $2.6 billion. The company reported $3.3 billion in Adjusted EBITDA and ended the year with $9.3 billion in USD resources. The expansion of Coinbase One and institutional services contributed to its robust financials.

Strategic initiatives across Base, Coinbase One, Prime Financing, and international markets played a key role in revenue diversification. With Bitcoin and Ethereum prices climbing, Coinbase’s strong performance highlights the growing mainstream adoption of crypto and the platform’s leadership in the industry.

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BitVM Just Got A Massive Upgrade

Post author By BitcoinMagazine
Post date 1Y

The introduction of BitVM smart contracts has marked a significant milestone in the path for scalability and programmability of Bitcoin. Rooted in the original BitVM protocol, Bitlayer’s Finality Bridge introduces the first version of the protocol live on testnet, which is a good starting point for realizing the promises of the Bitcoin Renaissance or “Season 2”.

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Unlike earlier BTC bridges that often required reliance on centralized entities or questionable trust assumptions, the Finality Bridge leverages a blend of BitVM smart contracts, fraud proofs, and…