Coinbase, founded in 2012, is one of the largest cryptocurrency exchanges, serving over 30 million users globally. This article provides a detailed, step-by-step guide on how to withdraw funds from Coinbase via both web browser and mobile app, including potential withdrawal fees. Additionally, it explains how to permanently delete a Coinbase account, emphasizing the importance of withdrawing all funds beforehand to avoid losing them. The platform is beginner-friendly, supporting bank transfers, credit/debit cards, and multiple cryptocurrencies. FAQs address withdrawal timelines, Bitcoin storage recommendations, and wallet fees.
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DeFi Fund Urges White House to Drop Tornado Cash Charges
The DeFi Education Fund has petitioned the White House to drop charges against Tornado Cash co-founder Roman Storm, calling the DOJ’s prosecution ‘lawless’ and a threat to open-source development. The group argues that holding developers liable for how others use their code contradicts FinCEN’s guidance and stifles innovation. The letter, signed by industry leaders, warns that such legal actions could drive crypto development out of the U.S. and urges the administration to restore legal clarity. The case follows a Texas court ruling that the Treasury overstepped in sanctioning Tornado Cash, adding fuel to the debate over regulatory overreach in crypto.
read moreNous Research Raises $50M for Decentralized AI on Solana
Nous Research, a decentralized AI startup, has raised $50 million in a Series A funding round led by crypto venture giant Paradigm, valuing the company at $1 billion. The firm leverages Solana’s blockchain to coordinate global computing power for training open-source AI models, challenging centralized players like OpenAI. Founded in 2022, Nous Research aims to democratize AI development by incentivizing decentralized participation, with backing from investors like Distributed Global and Delphi Digital. Paradigm’s investment highlights growing interest in AI-blockchain convergence, as Nous prepares to scale its 15-billion-parameter LLM project transparently.
read moreCoinbase Executives Sued for Misleading Investors on Bankruptcy Risks
Coinbase and its executives face a shareholder lawsuit alleging they misled investors about bankruptcy risks, claiming customer assets could be treated as part of the bankruptcy estate, making them unsecured creditors. The suit, filed by Wenduo Guo, also highlights Coinbase’s proprietary trading practices and the SEC’s allegations regarding unregistered securities. The complaint seeks damages and governance reforms, naming several executives and board members, while Coinbase is also contending with a separate class-action lawsuit in New York for similar issues.
read moreInsider Selling Surges Amidst Coinbase and MicroStrategy Stock Growth in 2024
In 2024, Coinbase and MicroStrategy insiders sold $1.25 billion and $567.8 million in shares, respectively, amid a bullish crypto market that saw Coinbase’s stock rise 43% and MicroStrategy’s soar 358.5%. This insider selling has sparked debates about transparency and market credibility, especially as Bitcoin’s rally continues despite cautious moves from key institutions. Concerns grow over the sustainability of this bullish trend, particularly with MicroStrategy’s future Bitcoin acquisition plans under scrutiny.
read moreBrian Armstrong’s Vision for the Future of Cryptocurrency
Brian Armstrong, co-founder and CEO of Coinbase, envisions a future where cryptocurrencies play a vital role in the global financial system, particularly in emerging nations. Despite facing legal challenges, he aims to enhance privacy measures within blockchain technology. Armstrong’s philanthropic efforts and dedication to cryptocurrency’s social impact complement his business success, although his stance on workplace politics has sparked controversy.
read moreParadigm Raises $850 Million for Early-Stage Crypto Venture Fund
Investment firm Paradigm has raised $850 million for a new fund targeting early-stage crypto projects, emphasizing its commitment to accelerating the crypto frontier. The San Francisco-based firm, founded by Coinbase Global co-founder Fred Ehrsam and ex-Sequoia Capital partner Matt Huang, aims to contribute to projects like Uniswap, Optimism, and Flashbots, while also launching open-source initiatives like Foundry and Reth. This fund marks Paradigm’s third since its establishment in 2018 and is set to be the industry’s largest following the 2022 crypto downturn.
read moreCoinbase Reports Strong Q1 Earnings Amid Crypto Market Surge
Coinbase reported a record-breaking first-quarter revenue of $1.64 billion, surpassing expectations, driven by a surge in transaction revenue and a $650 million gain on digital assets. The company’s stock surged by 30% this year, closely tied to the performance of Bitcoin. However, challenges loom, including a legal battle with the SEC and intensifying competition from Crypto.com. Insider selling also notably increased during the quarter, raising potential concerns. (Characters: 599)
read moreCoinbase: A Leading Crypto Exchange and Its Key Features
Coinbase is a leading US-based cryptocurrency exchange valued at over $100 billion. It offers a wide range of crypto assets, intuitive user interface, and high security measures. However, it is known for charging high fees but provides a secure and easy-to-use platform for both beginners and advanced traders.
read moreComparison of Coinbase, Bybit, and Binance: Features, Fees, and Security
Coinbase, Bybit, and Binance are prominent cryptocurrency exchange platforms with distinct features. Coinbase offers secure wallets, e-commerce integration, and investment in early-stage crypto startups. Bybit focuses on leveraged trading, advanced security measures, and global customer support. Binance provides extensive charting options, supports numerous cryptocurrencies, and offers various trading options for global users. Each platform has its unique strengths and limitations, catering to diverse trading preferences and needs.
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