Coinbase CEO Brian Armstrong highlighted how cryptocurrency has enhanced financial inclusion worldwide by enabling access to low-inflation stablecoins, decentralized finance (DeFi) credit, tokenized stocks for unbrokered investors, and bitcoin as a store of value. He emphasized crypto as foundational infrastructure, complementing technologies like AI rather than competing with them. Coinbase is expanding beyond exchange services into subscriptions, payments, and AI-ready blockchain infrastructure, while advocating for the Clarity Act to provide regulatory clarity. Despite recent crypto project failures, Armstrong remains optimistic about crypto's progress and future potential.
The US Treasury's Financial Crimes Enforcement Network (FinCEN) withdrew two proposed rules that would have required banks and exchanges to report users involved in crypto mixing and self-custody wallet transactions. This move is seen as a significan...
Over the past year, Coinbase stock fell 51% while Bitcoin dropped 30%, showing Bitcoin as the better-performing crypto investment. Over five years, Bitcoin gained about 67%, whereas Coinbase shares declined 21%. Coinbase's stock is more volatile due ...
Visa, Mastercard, Stripe, and Coinbase have jointly committed $1 billion to launch Open USD, a new stablecoin designed to share reserve income with partners rather than keeping it all. Open USD aims to compete with established stablecoins like Tether...
