Former US President Trump’s ETH Wallet Shows Sale of NFT Royalties Totaling $2.4M
The wallet, which Arkham Intelligence previously associated with Trump in August, has transferred $2.4M generated from his NFT royalties to
Coinbase is one of the veteran cryptocurrency exchanges. It was founded in June 2012 and since then allows its users to transact between FIAT and digital currencies. The company is based in San Francisco, USA.
Coinbase was established by Fred Ehrsam and Brian Armstrong, who’s also the current CEO. It has grown substantially since its launch, and it is currently the leading regulated US-based cryptocurrency exchange.
Apart from providing a platform for individuals, Coinbase also offers a solution for institutional investors. It’s called Coinbase Prime. The Prime platform offers more robust and complex trading tools, geared toward larger investors.
Besides, the company launched in 2018 a custody service, which provides its clients with an institutional-grade offline storage solution. It is also regulated by the New York Department of Financial Services (NYDFS) and operates as an independently capitalized entity.
It’s safe to say that Coinbase is working towards the establishment of an entire ecosystem where traders can purchase, store, and sell cryptocurrencies in a secure and regulated manner.
The wallet, which Arkham Intelligence previously associated with Trump in August, has transferred $2.4M generated from his NFT royalties to
Coinbase co-founder Fred Ehrsam III sold over 450,000 shares, including the largest transaction of 114,142 shares valued at $14.9 million.
According to Armstrong, crypto empowers economic freedom, providing access to funds and fair participation without gatekeepers.
Armstrong outlined the upsides of the crypto industry, including just 9% of Americans being satisfied with the traditional financial system.
Bitcoin's 150% surge pales in comparison to the staggering 266% return of listed mining companies and crypto firms like Coinbase.
Dwindling Coinbase Premium Index is signaling a diminishing optimism among professional traders in the Bitcoin market.
After over one year of Coinbase filing for rulemaking petition for the crypto industry, the SEC has responded with a
Coinbase foresees Ethereum's continued dominance in smart contracts in 2024, defying Solana's allure.
BONK's market capitalization surpassed the $2 billion milestone, positioning the asset as the 44th largest in the entire market.
BONK's market cap briefly surpassed an all-time high of $900 million.