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Onchain data reveals that Blockfi, a now-bankrupt crypto lending firm, received a hefty $250 million deposit (1, 2) to one of its flagged addresses, as reported by Arkham Intelligence. The news was shared on X at 12:43 p.m. EDT on Monday. “Blockfi received $250M in USDC from Coinbase Prime, bringing their onchain holdings up to … Read more
Johnsson’s claims spark questions about cryptocurrency regulation and market stability amid potential USMS sale of Silk Road Bitcoin Go to Source
The government could also be looking to custody or trade the Bitcoin, based on a recent partnership with Coinbase Prime. Go to Source
A transaction unearthed by Arkham Intelligence revealed that bitcoins linked to the Silk Road have been moved to Coinbase Prime. “10K Silk Road BTC ($593.5M) moved to Coinbase Prime,” Arkham posted on X. The firm further explained, “Wallet bc1ql received 10K BTC from a known US Government wallet 2 weeks ago. This BTC has just … Read more
As the unlocking process progresses, the involvement of Coinbase Custody will play a crucial role in managing the vesting of these tokens. Go to Source
On Friday, Feb. 16, 2024, bitcoin’s value hovered between $51,850 to $52,350, with onchain insights from Arkham Intelligence revealing that the Nasdaq-listed crypto exchange giant, Coinbase, now possesses over 1 million bitcoin. Based on the current market prices, the stash secured by the San Francisco-headquartered firm is valued at just above $52 billion. Coinbase Outshines … Read more
On April 30, the crypto-focused data analytics company Skew announced the firm has been acquired by the San Francisco company Coinbase. The exchange will leverage Skew’s data with the firm’s institutional subsidiary Coinbase Prime. The goal is to make “cryptocurrency markets more transparent and accessible for institutional investors.” Coinbase Acquires Analytics Company Skew Skew, the … Read more
U.S. crypto exchange Coinbase said Tuesday that it brokered Microstrategy’s $425 million bitcoin purchase earlier this year. Until now, it has not been clear who facilitated the deal. Microstrategy’s first bitcoin (BTC) haul of $250 million bought in August was executed over five days, Coinbase revealed in a case study of the transactions. The deals … Read more
Coinbase, the San Francisco-based cryptocurrency exchange already valued as high as $8 billion by itself, had a couple more additional positive developments recently. The company reportedly landed a $20 billion prime client and got its ads reinstated on Facebook. Also Read: The Weekly: New Regulations, Blackrock Probes Market, Coinbase Gets Into Politics $20 Billion Hedge … Read more
