#brian armstrong of coinbase twitter

[newstownusa]

Coinbase CEO Brian Armstrong said he was "embarrassed" by the fact that FTX's Sam Bankman-Fried has still not been apprehended

Coinbase CEO Brian Armstrong said he was “embarrassed” by the fact that FTX’s Sam Bankman-Fried has still not been apprehended

According to Brian Armstrong, FTX founder Sam Bankman-Freed has been arrested. “Why he wasn’t arrested remains a mystery. The fraud case is closed,” Armstrong said this week at the a16z cryptocurrency founders’ summit on Tuesday. He added: “I’m not an expert on this, but the people I’ve spoken to seem to agree.”Armstrong also questioned why the media has refrained from calling Bankman-Fried a…

[samdrews]

Brian Armstrong, the founder and CEO of Coinbase, recently called for improved usability and scalability in the cryptocurrency space on Twitter. He highlighted NFTs as a prime example of cryptocurrencies' potential, describing them as unique digital items akin to concert or travel tickets.

Armstrong’s comments were in response to a tweet arguing that cryptocurrency critics overlook the potential of digital assets to disrupt monopoly rent-seeking in various sectors.

Recently, Coinbase faced a $3.6 million fine from the Dutch Central Bank for non-compliance with local financial regulations. The bank stated that from November 15, 2020, to August 24, 2022, Coinbase operated without the necessary registration, gaining a competitive advantage by not paying supervisory costs. Coinbase eventually obtained the required registration on September 22, 2022.

In another development, Armstrong suggested that Brazil and Argentina should consider adopting Bitcoin as a joint currency. This proposal came as the two countries began exploring the creation of a shared currency to operate alongside the Argentine peso and Brazilian real. Armstrong posited that Bitcoin could be a perfect long-term investment, sparking debate about the feasibility of BTC as a national currency.

[36crypto]

Ripple CTO Elaborates on the Scams on Social Media Affecting Coinbase Users

David Schwartz, Ripple’s Chief Technology Officer, recently took to social media to expose a wave of scams targeting Coinbase users on X, formerly known as Twitter. This alert was triggered after a conversation about Coinbase’s taker fees featuring the Ripple CTO and the Coinbase CEO Brian Armstrong. I first saw it mainly in the discussion about clarifying misunderstandings resulting from the…

[coinmystique]

Coinbase CEO helps unregulated AI, highlighting its crucial function in nationwide safety and improvement.He argues that overregulation can have unintended penalties, stifling innovation and competitors throughout the AI sector.In a latest assertion on the social media platform X (formally often called Twitter), Brian Armstrong, the CEO of the famend cryptocurrency change Coinbase, voiced his robust opposition to the regulation of synthetic intelligence (AI). Armstrong’s perspective on AI regulation has stirred important dialogue throughout the tech and cryptocurrency communities.Rely me as somebody who believes AI shouldn't be regulatedWe have to make progress on it as quick as potential for a lot of causes (together with nationwide safety). And the monitor report on regulation is that it has unintended penalties and kills competitors/innovation, regardless of finest…— Brian Armstrong 🛡️ (@brian_armstrong) September 22, 2023Armstrong’s stance on the matter is evident: he firmly believes that AI ought to stay unregulated to foster speedy improvement. Notably, he emphasizes the significance of AI within the context of nationwide safety. The Coinbase CEO argues that the AI sector must evolve and innovate as rapidly as potential to remain forward of potential threats and challenges.One in every of Armstrong’s key arguments is that well-intentioned rules can typically result in unintended penalties. He means that overregulation may stifle innovation and competitors within the AI area. Additionally, in the end hindering its potential to drive progress in varied industries, together with cryptocurrency.Ought to AI be Regulated?The cryptocurrency business has seen important developments in AI purposes over time. AI-powered algorithms are more and more being utilized for buying and selling, fraud detection, and market evaluation on varied cryptocurrency platforms, together with Coinbase. These AI techniques assist customers make knowledgeable selections and enhance the general safety of transactions.Armstrong’s assertion comes at a time when the worldwide debate over AI regulation is intensifying. Governments and regulatory our bodies around the globe are grappling with the problem of making a framework that balances the necessity for innovation with issues about potential dangers related to unchecked AI improvement.Whereas some specialists argue that AI ought to be topic to sure regulatory measures to make sure moral use and accountability, others, like Armstrong, assert that a heavy-handed strategy to regulation may impede progress and compromise nationwide safety.The way forward for AI regulation stays unsure, and Armstrong’s perspective provides a outstanding voice to the continuing dialog. Because the CEO of one of many main cryptocurrency exchanges, his views could carry weight throughout the crypto neighborhood and the broader tech business. Supply: https://thenewscrypto.com/coinbase-ceo-says-ai-should-not-be-regulated/

[thenewsart]

Coinbase CEO Disputes US Senators' Stance On Cryptocurrency

Brian Armstrong, the Chief Executive Officer (CEO) of the San Francisco-based crypto exchange Coinbase has challenged the United States Senators’ approach toward the cryptocurrency sector in the country. Coinbase CEO Says Anti-Crypto Strategy Looks Bad Brain Armstrong recently took to X (formerly Twitter) to express his displeasure with some US senators’ stance on crypto. According to him,…

[shadowseekernews]

Coinbase CEO Disputes US Senators' Stance On Cryptocurrency

Brian Armstrong, the Chief Executive Officer (CEO) of the San Francisco-based crypto exchange Coinbase has challenged the United States Senators’ approach toward the cryptocurrency sector in the country. Coinbase CEO Says Anti-Crypto Strategy Looks Bad Brain Armstrong recently took to X (formerly Twitter) to express his displeasure with some US senators’ stance on crypto. According to him,…

[cointahmin]

Investing.com – Düzenleyicilerin Tron kurucusu Justin Sun ve destekçisi olan birkaç ünlüye dava açması ve tıpkı şeyi Coinbase'e (NASDAQ:COIN) de yapmakla tehdit etmesiyle ABD, Çarşamba günü kripto sanayisinin ateşini yükseltti. Menkul Değerler ve Borsalar Kurulu (SEC), kripto borsalarının iş modellerine ait uzun müddettir devam eden uyuşmazlığı doruğa çıkaran ataklarına devam ediyor. SEC, resmen Sun'ı Tronix ve BitTorrent üzere token’ları yasa dışı dağıtmakla ve istikrar ve likidite görünümü vermek için piyasayı manipüle etmekle suçladı. SEC ayrıyeten ortalarında aktris Lindsey Lohan ve rapçi Soulja Boy'un da bulunduğu, Sun tarafından toplumsal medyada varlıklarını tanıtmaları için para ödediği bir küme ünlüye de suçlama yöneltti. Soulja Uzunluk suçlamaları kabul etmeyen iki ünlüden biriydi. Buna ek olarak SEC, ABD merkezli en büyük kripto borsası olan Coinbase'e, Wells Bildirimi olarak isimlendirilen bir bildirim göndererek kayıt dışı menkul değerleri yasa dışı biçimde dağıttığı gerekçesiyle, ona karşı da bir yaptırım davası başlatma niyetinde olduğunu belirtti. 2021'de halka açıldığından bu yana %70 bedel kaybeden Coinbase payları, piyasa sonrası süreçlerde %10 daha düştü. Bitcoin ve başka dijital varlıklar %3'ten fazla paha kaybetmediğinden daha sağlam durdu. Bu, büyük ölçüde, Fed’in Çarşamba günü faizleri tekrar yükseltmesiyle, ana akım finansal sistemin çöküşüne bahis yapan kripto meraklılarının dayanağından kaynaklanıyordu. Coinbase'den yapılan açıklamada, "Personel ile yapılan görüşmelere dayanarak şirket, bu potansiyel yaptırım hareketlerinin, şirketin spot piyasası, stake hizmeti Coinbase Earn, Coinbase Prime ve Coinbase Wallet ile ilgili olacağına inanıyor." denildi. Özellikle staking hizmetleri, sıklıkla yüksek getirileri ve bedel yaratmak için yatırımcılardan fazla oburlarının teşebbüslerine güvenmeleri nedeniyle yıllardır SEC'in amacındaydı fakat FTX'in çöküşünden bu yana geçen devirde inceleme bariz bir formda arttı. Rakip borsa Kraken, Şubat ayında stake hizmetini kapattı ve SEC'e kayıt yaptırmadığı için 30 milyon dolar ödemeyi kabul etti. Ancak Coinbase idaresi bu gelişmeden etkilenmedi. Coinbase CEO'su Brian Armstrong, Twitter üzerinden yaptığı açıklamada şu sözlere yer verdi: Coinbase ve bu alandaki öbürleri, on yılı aşkın bir müddettir SEC ve Emtia Vadeli Süreçler Ticaret Komitesi ortasında, bunları düzenleme yetkisine kimin sahip olduğu konusunda yaşanan saha savaşından faydalanmayı başardı. CFTC, kripto varlıklarını emtia olarak görürken SEC bunları menkul değerler olarak görüyor; bu görüş, stake hizmetlerinin popülaritesinin artmasıyla birlikte ilgi görmeye başladı. Bununla birlikte Wells Bildirimi, her vakit suçlamalara yol açmaz yahut alıcının maddeleri çiğnediğine işaret etmez. Yazar: Geoffrey Smith

[ailtrahq]

TYRION, an innovative decentralized advertising startup, has announced that it is set to build its advertising platform on Coinbase’s Base Chain. The development aims to disrupt the global digital marketing stronghold currently dominated by Meta and Google. The move reflects TYRION’s commitment to harness cutting-edge technology to provide advertising solutions characterized by transparency, efficiency, community incentivization, and innovation. This strategic partnership between TYRION and Base Chain signifies a new era where their synergies will bring unprecedented value to users, partners, and stakeholders. Base Chain’s adaptability and resilience complement TYRION’s innovative approach to decentralized advertising, foreshadowing a future where digital advertising is visible, responsive, engaged, and trusted. Impressively, the cryptocurrency community has taken note of the launch of $TYRION, the platform’s native token. TYRION has garnered substantial attention, even being featured as a guest on Twitter’s most significant crypto space, The Roundtable. During this appearance, TYRION discussed its vision with Mario Nawfal, a prominent figure in the crypto and finance world, who expressed interest in using the Tyrion platform when the MVP Beta is launched, marking a significant step towards global adoption. Base Chain, renowned for its robust scalability, security, and efficiency, aligns seamlessly with TYRION’s mission to disrupt the $377 billion digital advertising landscape by decentralizing it. By choosing Base Chain as its foundation, TYRION bolsters its technical capabilities and extends its influence into a dynamic ecosystem filled with builders, innovators, and users. Brian Armstrong, CEO of Coinbase and Base Chain, recently expressed his belief that decentralized advertising ranks among the top 10 significant developments in the blockchain industry. He emphasized the potential for Web 3.0 advertising models to transcend traditional methods, ultimately evolving into Cost Per Action (CPA), where advertisers only pay when users make on-chain transactions. Notably, this strategic move promises to offer advertisers and ad publishers on TYRION enhanced performance, swift transactions, and a globally scalable ecosystem while preserving user experience and security.

[thesecrettimes]

Coinbase Looking to Add Lightning Network Support

Coinbase Mulls Adding Support for Lightning Network Coinbase, the U.S.-based cryptocurrency exchange, has given an update about the possible integration of Lightning Network operations on its platforms. The Lightning Network is a second-layer scaling protocol for Bitcoin, with the aim of allowing users to benefit from almost real-time transaction times and low fees. Answering a post where former Twitter CEO Jack Dorsey criticized him for ignoring Bitcoin and the Lightning Network in the payments arena, Coinbase CEO Brian Armstrong stated: We’re looking into how to best add Lightning. It’s non-trivial, but I think worth doing. I’m all for payments taking off in Bitcoin. Furthermore, Armstrong stated that Coinbase had “onboarded more people to Bitcoin than probably any company in the world,” inviting Dorsey to collaborate on this task. However, in the exchange, Dorsey called for putting more resources behind Coinbase’s “original focus on Bitcoin and layer two technologies.” He concluded: We want an open protocol for money transmission for the internet that’s not controlled by a single individual, company, or government. While Armstrong did not give any dates regarding the implementation of Lightning, Victor Bunin, a protocol specialist at the exchange, reported he was at the helm of this task while asking for “insights on lift to add support, UX flows, open source tooling, service providers, and edge cases.” A Non-Trivial Task Armstrong referred to bringing Lightning Network support to Coinbase’s platform as a “non-trivial task,” indicating the process implied some degree of complication. Other cryptocurrency builders have recently voiced their own challenges regarding building on Lightning, criticizing the difficulty behind it. Changpeng “CZ” Zhao, CEO of Binance, an exchange that added support for Lightning Network deposits and withdrawals recently, stated that integrating tech to support the layer 2 (L2) was “more complicated” than it might appear due to the use of on-demand invoices. Also, Lightspark CEO David Marcus referred to the issue, stating that building on top of Lightning Network was “likely at least 5x harder than building with other protocols,” referring to the experience as “incredibly complex and hard.” What do you think about Coinbase looking to implement Lightning Network? Tell us in the comments section below. Read the full article

[coinguitar]

Coinbase CEO Brian Armstrong Urges Backing Legislation for Clear Crypto Regulations

Coinbase CEO Brian Armstrong Advocates Clear Crypto Regulations in New Announcement In a bid to provide much-needed regulatory clarity for the digital asset industry, Brian Armstrong, the CEO of Coinbase, has recently taken to Twitter to rally support for important legislation. He encourages his followers to contact their legislators and express their support for the Financial Innovation and…

[noisynutcrusade]

Coinbase CEO sells shares prior to SEC warning

Coinbase CEO Brian Armstrong sold Coinbase shares prior to receiving a warning from the Securities and Exchange Commission (SEC), according to data shared on Twitter by crypto sleuth, @theirish_man. Armstong has been selling his shares since November 2022, but the three sales transactions recorded days before the SEC warning caused Coinbase shares to drop by 10% have raised concerns within the…

[all-about-news24x7]

Coinbase CEO’s stock sale was probably not planned to occur a day ahead of SEC suit

Coinbase CEO and co-founder Brian Armstrong sold company shares the day before the United States Securities and Exchange Commission (SEC) filed a complaint against the exchange for securities law violations. The transaction caused a minor stir in the Twitter cryptoverse, as Armstrong avoided a sharp loss by doing so.  SEC records show that Armstrong sold 29,730 shares of the company on June 5,…

[coinmystique]

Coinbase has introduced a big transfer that might revolutionize Bitcoin transactions. CEO Brian Armstrong took to Twitter to disclose that Coinbase plans to include the Lightning Community (LN), a secondary cost layer geared toward boosting Bitcoin’s transaction effectivity and cost-effectiveness. This determination highlights Coinbase’s dedication to consumer expertise and emphasizes the vital position of the Lightning Community inside the cryptocurrency sphere.Coinbase CEO Brian Armstrong’s AnnouncementIn a tweet, Armstrong expressed, The workforce did a fantastic job digging into this, and we’ve made the choice to combine Lightning. Bitcoin is crucial asset in crypto and we’re excited to do our half to allow sooner/cheaper Bitcoin transactions. Will take a while to combine so please be affected person.Viktor Bunin, who's spearheading the combination at Coinbase, echoed Armstrong’s sentiments, stating, Associates, I’m blissful to say that I’m main up this effort. DM me in the event you’d wish to seize a while to talk Lightning help at @Coinbase.Delving into the Lightning CommunityThe Essence of Lightning CommunityThe Lightning Community operates as a “layer-2” cost protocol atop the Bitcoin blockchain. Its main goal is to facilitate speedy transactions between nodes, positioning itself as a treatment to Bitcoin’s scalability points.The Significance of Lightning CommunityScalability Resolution: Bitcoin’s pioneering standing within the crypto world got here with scalability challenges. LN addresses these by enabling off-chain transactions, that are later consolidated on-chain.Price and Pace Effectivity: With the primary Bitcoin blockchain usually incurring excessive transaction charges, particularly throughout peak occasions, LN supplies an economical different. Moreover, its skill to course of transactions virtually instantaneously presents a stark distinction to the generally extended affirmation occasions on the primary blockchain.The Mechanics of LNThe inspiration of the Lightning Community is “payment channels.” In essence:Two entities set up a cost channel, committing a specified Bitcoin quantity.They will then execute a limiteless variety of off-chain transactions.Upon completion, the ultimate steadiness is up to date on the primary Bitcoin blockchain, permitting for the channel’s closure.Implications for the Crypto WorldCoinbase’s determination to combine the Lightning Community is indicative of LN’s escalating significance. As its adoption proliferates:Bitcoin would possibly turn into a most well-liked alternative for microtransactions.The principle Bitcoin blockchain may witness lowered congestion, translating to swifter and extra economical on-chain transactions.The attract of diminished transaction charges and expedited processing would possibly incentivize extra companies to embrace Bitcoin as a cost avenue.In summation, the Lightning Community isn’t merely a technological innovation; it’s a strategic instrument poised to affect Bitcoin’s future and its integration into every day transactions. With business giants like Coinbase acknowledging its potential, LN is ready to play a vital position in propelling cryptocurrencies into mainstream acceptance.Disclaimer & Copyright Discover: The content material of this text is for informational functions solely and isn't meant as monetary recommendation. At all times seek the advice of with knowledgeable earlier than making any monetary selections. This materials is the unique property of Blockchain.Information. Unauthorized use, duplication, or distribution with out specific permission is prohibited. Correct credit score and course to the unique content material are required for any permitted use.Picture supply: ShutterstockSupply: https://blockchain.information/information/coinbase-to-integrate-bitcoins-lightning-network-a-deep-dive

[todaynowreport]

Coinbase CEO’s stock sale was probably not planned to occur a day ahead of SEC suit

Coinbase CEO and co-founder Brian Armstrong sold company shares the day before the United States Securities and Exchange Commission (SEC) filed a complaint against the exchange for securities law violations. The transaction caused a minor stir in the Twitter cryptoverse, as Armstrong avoided a sharp loss by doing so.  SEC records show that Armstrong sold 29,730 shares of the company on June 5,…

[nsebullcom]

'Maybe you are the one at fault': Amid SEC barrage, crypto founders defiant.

The Securities and Exchange Commission’s case against Coinbase is built around a refrain common in its efforts to regulate the industry: while crypto companies operate like any other financial institution they aren’t following the decades-old rules that guide them. But crypto founders have sounded an increasingly defiant response — that those antiquated rules shouldn’t apply to them in the first place and that it is the regulators who are the problem.

Binance’s Changpeng Zhao, also known as CZ. Eric Piermont/Agence France-Presse/Getty ”If you have to pick a fight with everyone, maybe you are the one at fault,” Binance’s billionaire chief, Changpeng Zhao, wrote on Twitter on Tuesday in response to the SEC’s case against Coinbase, just a day after he was sued by the agency on similar grounds when it comes to what is or is not a security. Coinbase has said it has asked the SEC to provide “reasonable crypto rules for Americans,” but that agency has replied with lawsuits and enforcement actions.  “The SEC’s reliance on an enforcement-only approach in the absence of clear rules for the digital asset industry is hurting America’s economic competitiveness and companies like Coinbase that have a demonstrated commitment to compliance,” Paul Grewal, Coinbase’s chief legal officer, said in a statement in response to the SEC suit. Coinbase has echoed statements from other crypto companies that the push to regulate the industry will undermine the U.S.’ position as a hub for financial innovation. 

Brian Armstrong, CEO of Coinbase Patrick t. Fallon/Agence France-Presse/Getty “By enforcing restrictive policies, the U.S. is inadvertently driving crypto-innovation offshore. That shift will compromise America’s legacy of pioneering technological advancements, and weaken our national security posture,” Coinbase’s chief executive, Brian Armstrong, wrote in an opinion piece for MarketWatch just last week. On Tuesday, Armstrong added: “Instead of publishing a clear rule book, the SEC has taken a regulation by enforcement approach that is harming America. So if we need to avail ourselves of the courts to get clarity, so be it.” The SEC says that it has been clear to the crypto industry about the rules they need to follow, but that they have simply ignored them, leading to the need for legal action. “You simply can’t ignore the rules because you don’t like them or because you’d prefer different ones: the consequences for the investing public are far too great,” said Gurbir Grewal, head of the SEC’s enforcement division. “Coinbase was fully aware of the applicability of the federal securities laws to its business activities, but deliberately refused to follow them.” The suit filed Tuesday alleges that Coinbase had operated as an exchange, broker, and clearing agency for cryptocurrencies since 2019 but had never registered with the SEC as required of all financial institutions by law. It also alleged that Coinbase failed to register the sale of securities related to certain products it offered.    “While Coinbase’s calculated decisions may have allowed it to earn billions, it’s done so at the expense of investors by depriving them of the protections to which they are entitled,” Grewal  added. On Monday, the SEC filed a suit alleging that Binance and Zhao had similarly engaged in the sale of unregistered securities and had also illegally commingled customer deposits and used them to manipulate crypto prices as well as creating a sham U.S. trading arm to side-step SEC rules. The company denied the charges and argued that the agency was overreaching. “The Commission has determined to regulate with the blunt weapons of enforcement and litigation rather than the thoughtful, nuanced approach demanded by this dynamic and complex technology,” the company said in a blog post.  Some in the industry say that being sued by the SEC is becoming a kind of badge of honor.

Cameron Winklevoss, co-founder Gemini Marco Bello/Agence France-Presse/Getty “Being sued by the SEC used to mean you probably did something wrong. Now it means you’re probably doing something right,” said Cameron Winklevoss, whose crypto company Gemini was sued by the SEC in January for the unregistered sale of securities. Gemini has moved to dismiss the SEC’s complaint. Source link Read the full article

[etiennekissborlase]

Ripple CEO Weighs In On Company Expansion To Dubai

Ripple CEO Weighs In On Company Expansion To Dubai https://bitcoinist.com/just-in-ripple-ceo-weighs-company-expansion-dubai/ The first day of the 2023 Dubai Fintech Summit kicked off on May 8th and featured Ripple CEO Brad Garlinghouse as a keynote speaker. Garlinghouse made a major announcement during his presentation that caught everyone’s attention. The CEO, who was present at the Dubai summit to share insights on crypto utilities and stance on regulators, had also taken the opportunity and platform to announce the company’s expansion plans. Ripple has been in a heated legal battle with the US Securities and Exchange Commission (SEC), having been accused of selling the XRP cryptocurrency in an unregistered security offering. While there have been numerous speculations on the ruling outcome between both parties lately, Brad Garlinghouse has made an expansion announcement which could be a positive development for the company. Ripple CEO Affirms Company Expansion In Dubai A few hours ago, Brad Garlinghouse took to his official Twitter handle to reiterate his announcement regarding the Ripple – Dubai expansion while speaking at the Fintech Summit. The official tweet shows that the CEO clearly stated that the company “is expanding in Dubai.” As I just shared on stage at #DubaiFintechSummit, @Ripple is expanding in Dubai. With 20% of our customers based in MENA and clear regulatory regimes being developed, it’s no surprise that Dubai is emerging as a key global financial hub for crypto innovation to thrive. pic.twitter.com/9lWEtYECq7 — Brad Garlinghouse (@bgarlinghouse) May 8, 2023 Garlinghouse had hinted partly at the reasons for expansion to the Middle East as Dubai offers a clearer regulatory regime. He added that with “20% of our customers based in MENA, it is no surprise that Dubai is emerging as a key global financial hub for crypto innovation to thrive”. The 20% in MENA that Garlinghouse touched on refers to Ripple users and customers in countries in and around the Middle East and North Africa. Ripple is expanding its operations by opening a new Dubai International Financial Centre (DFIC) office. Additionally, preparations are underway to host the seventh annual customer conference in the capital of the United Arab Emirates (UAE) on November 8th and 9th this year. Dubai- A Growing Tech Hub For Innovative Crypto Companies With clear-cut and defined crypto regulations and guidelines, Dubai is on its way to becoming a global hub for tech and crypto companies worldwide. While the news of crackdowns and crypto companies asking for regulation clarity has been a significant headliner, especially from countries such as the US, Dubai has taken the opposite step by creating reasonable guidelines and set rules for crypto operations. The Dubai government has effectively established the Dubai Virtual Assets Regulatory Authority (VARA), providing regulatory clarity for crypto companies to operate and oversee digital asset trading activities. VARA, based in Dubai, prioritizes the safety of users who utilize digital asset services provided by cryptocurrency companies. They collaborate with financial regulatory authorities and global experts to effectively mitigate exposure risks and enforce relevant laws. Per Bloomberg, crypto companies such as CoinBase are also warming up to the idea of an expansion to Dubai and the UAE, as hinted by the CEO of Coinbase, Brian Armstrong, who was present at the panel of the Fintech summit. At press time, XRP trades at $0.4298 and has experienced a 5.6% decline in today’s trading session. via Bitcoinist.com https://bitcoinist.com May 08, 2023 at 11:00PM