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Coinbase CEO has blunt 2-word response to bank deposits
Brian Armstrong, the co-founder and CEO of the Coinbase Global (Nasdaq: COIN) cryptocurrency trading exchange, has been among the most aggressive industry figures to get the Digital Asset Market Clarity Act passed in the U.S. Congress. But the legislation, which seeks to establish a comprehensive regulatory framework for crypto assets in the United States, has been facing a challenge from the banking industry. A provision of the bill allows limited rewards for stablecoin holders in which users can earn yields on payments, transfers, settlements, etc. The banks are worried their customers could withdraw their deposits ... (full story)
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From tradersunion.com | 17 hr ago
As reported by The Block, citing Coinbase, the disruption begins at 12:37 PM ET on July 14 and lasts until about 1:25 PM ET, affecting retail and institutional trading, deposits and withdrawals, Coinbase Card debit transactions, onchain swaps on Base and Solana DEX integrations, and some Prime services. The company says the outage stems from an unintended ...
