Stars cannot align more positively for crypto in the U.S., the world's largest economy, if the latest media reports are anything to go by. Still,
If you're a Coinbase user, you may be able to use the bitcoin you own as collateral to get a loan thanks to a new service launched Thursday. But the offering has its risks.
Bitcoin had a wild week, dipping below $90,000 before surging above $105,000 just days ahead of Donald Trump's White House return.
The nation's largest crypto exchange, Coinbase, endorsed the idea of a U.S. bitcoin strategic reserve Friday, part of a wide-ranging blog post on "economic freedom" from CEO Brian Armstrong, shared in advance exclusively with Axios.
XRP, the third-largest cryptocurrency by market value, has replaced bitcoin (BTC) as the most-traded digital asset on Coinbase (COIN), the
Coinbase, in partnership with Morpho Labs, has launched a Bitcoin-backed loan service, allowing U.S. users to borrow up to $100,000 in USD Coin (USDC) using their Bitcoin as collateral.
Did President-elect Trump just ignite a Bitcoin firestorm? Many crypto-related stocks posted big gains on Friday, just ahead of next week's inauguration.
Brian Armstrong, CEO of US-based cryptocurrency exchange Coinbase, has endorsed plans for global leaders to create Bitcoin strategic reserves. In a Jan. 17 blog post on “economic freedom,” Armstrong said cryptocurrencies were ”the next chapter capitalism,
Furthermore, instead of issuing these loans on a blockchain even remotely related to Bitcoin (such as Bitcoin sidechains or Bitcoin L2s), Coinbase is issuing them through Morpho Labs, a DeFi platform best described as an AAVE competitor. While Morpho is a well-established platform—and I don’t doubt its security—it has no connection to Bitcoin.
Coinbase's setup caps each borrow at $100,000 in USDC. To borrow that much money customers will need to post more than that amount of bitcoin. Morpho will start liquidating the collateral if the loan-to-value ratio flies too close to the sun.
Coinbase has launched Bitcoin-backed loans for U.S. users, allowing them to borrow up to $100,000 in USDC using Bitcoin as collateral.
Cryptocurrency industry leaders, which donated heavily into the 2024 elections, have contributed millions to President-elect Donald Trump’s inauguration fund, and threw a star-studded gala to celebrate his second administration.