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According to research from Coinbase, the worst of the crypto market's macro capitulation is over, with a bullish second half of 2022 arriving. The exchange published a report which outlined several factors for its findings. Specifically, Ethereum's shift to proof-of-stake (PoS), which would reduce ETH supply and, ideally, make it a deflationary asset, is something bulls can anticipate, according to the report. Another factor might be the "commoditisation of Ethereum layer-2 networks," which would result in new L2 tokens and possibly a new crypto investment category. The report also highlighted that incoming regulatory clarity in the US will ground confidence for investors. https://www.coinbureau.com/news/coinbase-report-says-capitulation-mostly-over-bitcoin-supply-shock-in-play/

According to Coinbase CEO, Brian Armstrong: “Coinbase’s role here is going to be in a very long-term game. We’re making a long-term investment… We know it’s not going to be a straight shot to bring this technology (in the region). We don’t know exactly how it’s going to evolve but we’re committed to working with bank partners, regulators, most importantly, the Indian people because they showed a real spark of interest in cryptocurrency and there’s a real desire to get access to some of these services and products.” The news comes shortly after Armstrong announced a massive Coinbase hiring spree that will see the exchange’s workforce quadruple with a new 1,000 workers. It has also been revealed that Coinbase Ventures has already deployed $150 million into Indian cryptocurrency start-ups. “constantly identifying new opportunities to help Indian founders scale.” The news comes amidst growing concern from the blockchain community about stringent tax obligations being imposed on crypto users and investors in the Asian country. New tax regulations are imposing a 30% income tax on crypto and other, perhaps more, frightening taxes could be on the way. That said, Coinbase global chief of product, Surojit Chatterjee, is not deterred: “We are very happy that the Indian government has been looking at digital assets very closely and they have clarified a few things that virtually digital assets are not tenders, they’re not competing with digital rupee.” https://www.coinbureau.com/news/british-banking-giant-hsbc-offers-wealthiest-clients-new-metaverse-fund/

Coinbase announced that its registration statement on Form S-1, as filed with the Securities and Exchange Commission (SEC), relating to a proposed public direct listing of its Class A common stock was declared effective by the SEC on April 1, 2021. The company anticipates that its stock will begin trading on the Nasdaq Global Select Market under the ticker symbol “COIN” on April 14.

They have been improving throughput, but transaction volume has outpaced their improvements. Coinbase specifically cited record breaking exchange volumes on Jan. 7 that were “easily 6x what had already been an elevated steady-state request rate.” https://www.coindesk.com/coinbase-redoing-infrastructure-to-prevent-outages-during-peak-times

Is it legal to setup my own currency and then allow people to trade it on my own platform? If i just call it a commodity? Shouldn’t regulators be protecting the common man instead of implicitly encouraging it by saying “we are watching this”? Is the SEC going to allow banks to trade these futures and lend credibility to this virtual game? When the bubble bursts will we be able to investigate and prosecute who knew what when and where? Just because something is profitable doesn’t make it beneficial or legal.