Coinbase has announced that it will discontinue its Borrow program effective from next week. The program allowed users to obtain cash loans by using Bitcoin as collateral. In a message emailed to users on Wednesday, the firm stated: “As of May 10, 2023, new loans will not be offered on Coinbase Borrow.” The company added:…
Author Details: Dan K
Dan is a seasoned blockchain reporter and cryptocurrency enthusiast with a passion for making complex topics easily digestible for a broad audience. With years of experience covering the dynamic world of blockchain technology and digital assets, Dan has established himself as a respected voice in the CoinNews community.
Recent Articles
Crypto Regulation
AI Musk token TruthGPT targeted by five US states
By Dan K May 4, 2023 09:15 at 09:15 UTCFive states in the US are ordering the people behind TruthGPT Coin to cease and desist using images of Elon Musk to promote what they label as a scam. According to the order, the Texas State Securities Board along with the Alabama Securities Commission, Montana State Auditor, Kentucky Department of Financial Institutions, and the New…
After much anticipation, the SUI mainnet has officially gone live, marking a significant milestone for the platform and its community. At the time of writing (3pm BST), the SUI price is trading at $1.2659 – a big leap from the pre-sale price of $0.03 and the public sale price of $0.10. The current CoinMarketCap ranking…
The creator of Litecoin, Charlie Lee, has made a bold prediction that the LTC price could experience a staggering 700% gain against Bitcoin.
Crypto Regulation
FTX crypto YouTuber legally served via Twitter
By Dan K May 3, 2023 09:34 at 09:34 UTCAn alleged FTX crypto YouTuber has been served legal papers through Twitter after a Florida court gave lawyers permission. The Moskowitz Law Firm was given the green light by a Southern District of Florida court judge to serve legal notice to YouTuber Tom Nash, a Georgia resident, via Twitter, after they successfully claimed he couldn’t…
MicroStrategy holds approximately 140,000 bitcoin, with a carrying value of $2.000 billion. This value reflects cumulative impairment losses of $2.172 billion.
The much anticipated SUI token will finally be issued after the mainnet launches on 3 May, following sales on the OKX, KuCoin and Bybit crypto exchanges. SUI is the native token of Layer-1 blockchain Sui. CoinList will be listing the token on 3 May, the first day of its launch, and will offer 48 hours…
The upcoming Chiliz (CHZ) Sports Blockchain launch date is set for 10 May. But what is it exactly? Chiliz, founded in 2018, is the popular sports fan token blockchain provider. Its native token is CHZ, which currently powers Socios.com, ChilizX, and the soon-to-be-launched Chiliz Chain 2.0. According to the Chiliz website: “Chiliz Chain 2.0 is…
Shiba Inu (SHIB) has just announced new project called Rocket Pond on its official Twitter, which will bring new features to its growing ecosystem.
blockchain, Cryptocurrency
Polygon and Google Cloud form Web3 collaboration
By Dan K April 28, 2023 09:41 at 09:41 UTCPolygon Labs and Google Cloud yesterday announced a multi-year Web3 alliance to accelerate the adoption of Polygon protocols