NFT News by Thebittimes.Com

Coinbase CEO Reveals Coinbase App Issues Armstrong’s tweet emphasizes the need of acknowledging the platform’s UX issues to motivate improvement. To use the momentum of OnchainSummer to drive every employee to address the problems and make changes, he underlined how important it is to create NFTs, Dapps, and L2s first-class experiences. advertisement Although there is still work to be done, Coinbase Wallet, a subsidiary of Coinbase , was mentioned as having made progress in addressing these issues. According to Armstrong, the company’s strategy is to have its staff test and use these Features , providing first-hand knowledge of the user processes. Armstrong encouraged a collaborative effort in identifying areas that necessitate quick repair by inviting customers to give their input on UX pain spots and malfunctions. He gave the assurance that the organization would give resolving these difficulties top priority and promised quick updates in the...

Cathie Wood is taking profits from ARK Invest’s Coinbase holdings by selling a small portion of its stash. Pro-Bitcoin (BTC) Investment veteran Cathie Wood is taking some profits from ARK Invest’s large Coinbase holdings by selling a small portion of its stash. On July 11, Wood’s investment firm ARK offloaded 135,152 Coinbase shares ($12 million) from one of its major exchange-traded funds, the ARK Innovation ETF. According to the trade notification seen by Cointelegraph, the amount that was sold made up 0.14% of the fund’s total holdings. The sale comes as the Coinbase stock price has sharply increased. On July 11, the price briefly surpassed $90, surging from around $82 to as high as $90.9, according to data from TradingView. Following Wood’s sale, the stock closed at $89 on Tuesday. According to TradingView data, Coinbase stock is up more than 60% over the past month, while the year-to-date increase is more than 140%. Coinbase 7-day price chart. Source: TradingView The new sale b...

After the SEC’s crack-down on Kraken, Coinbase’s legal head outlined the differences between Kraken’s staking product and its own. The staking services offered by cryptocurrency exchange Coinbase are “fundamentally different” to what was offered by its peer exchange Kraken — which recently came under fire from the United States securities regulator — according to Coinbase's head lawyer. Paul Grewal, Coinbase’s chief legal officer, made the comments in his response to a shareholder question regarding its staking services during a Q&A session on the exchange’s fourth-quarter results, noting: “The staking products that we offer on Coinbase are fundamentally different from the yield products that were described in the reinforcement action against Kraken. The differences matter.” The first point of difference Grewal highlighted was that Coinbase users retain ownership of their cryptocurrencies at all times. In its user agreement last updated Dec. 15, 2022, Coinbase states that it m...