According to Coinbase Wallet (a very popular cryptocurrency and NFT wallet), Apple would not approve an update to its app until it removed a feature that allowed users to transfer NFTs. Apple believes it is entitled to 30% of the transaction fees ("gas fees" in crypto parlance) paid to blockchain validators and miners whenever an NFT is sent from a Coinbase Wallet. Continue Reading →
Coinbase
Posts I've written about Coinbase. Subscribe to my newsletter to make sure you don't miss anything.
When trying to predict the future success of any technology, one of the oldest (and best) tricks of the trade is to follow the interests and participation of key engineering talent. The strategy is simple; if a technology attracts the best engineers, they are going to create the best hardware and software for it, and its likelihood of success greatly increases. While not a foolproof strategy, it's easy to understand and relatively easy to execute. Continue Reading →
On July 21, 2022, the Securities and Exchange Commission (SEC) announced "insider trading charges against a former Coinbase product manager, his brother, and his friend for perpetrating a scheme to trade ahead of multiple announcements regarding certain crypto assets that would be made available for trading on the Coinbase platform." Continue Reading →
Coke and Pepsi, McDonald's and Burger King, Tide and Gain. In the physical world, there are many competitive pairs. In the digital world (Google, Amazon, eBay, Netflix, etc.), the biggest companies tend to completely own their categories, which raises the question: Can Coinbase's new NFT marketplace find a place alongside category-leading OpenSea, or will one have to completely dominate the other? Continue Reading →
Coinbase's remarkably clever "Less talk, more Bitcoin" Super Bowl TV commercial was so effective that it appears to have broken the internet. (The site was down for a while during the game.) Continue Reading →
Coinbase laid out its vision for crypto, NFTs, and the metaverse in a thoughtful blog post. I was excited to learn how the world's second largest crypto exchange is thinking about identity. Continue Reading →
In a move that may help drive adoption of its browser extension crypto wallet, Coinbase (the U.S.-based crypto exchange) announced that Coinbase Wallet has been upgraded to include support for NFTs (non-fungible tokens). Binance, the world’s largest crypto exchange, already supports an NFT marketplace and, in October, announced support for multi-chain NFT deposits and withdrawals. Continue Reading →
Taking a giant step toward a safer crypto world, Coinbase announced that, starting with Ledger, it will begin to support hardware wallets. Sometimes called "cold wallets," experts agree that hardware wallets are the preferred way to store cryptocurrency and other blockchain-based digital assets. Continue Reading →
Coinbase is the largest cryptocurrency exchange. It trades under the ticker symbol COIN. It makes most of its money on trades involving Bitcoin (BTC) and Ethereum (ETH), but also lets you exchange about 50 other cryptocurrencies. Almost everyone you know who has a substantial amount of BTC or ETH has done at least a few trades on Coinbase. Continue Reading →