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Don’t miss our Twitter Spaces tomorrow at 5pm GMT / 12pm ET on crypto reg developments in Europe. Moderated by our European Policy lead @KatieFHarries, we will be joined by @kerstpe from the @EU_Commission and @ijtaylor75, from @CryptoUKAssoc.
Tune in 👇
twitter.com/i/spaces/1ZkKz…
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USDC:USD conversions have been reinstated and are now operating as normal via API and UI. USDC will not be auto-converted to USD on Coinbase Exchange.
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As of close of business Friday March 10 Coinbase had an approximately $240m balance in corporate cash at Signature. As stated by the FDIC, we expect to fully recover these funds. federalreserve.gov/newsevents/pre…
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All client cash at banks continues to be protected by FDIC pass-through insurance. Due to FDIC's hold on Signature’s transactions, we’re currently facilitating all client cash transactions with other banking partners.
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Despite the turbulence we have seen in the traditional banking sector recently, Coinbase continues to operate as usual. At Coinbase all client funds continue to be safe and accessible including USDC conversions which will resume on Monday.
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Your assets remain safe & available for on-chain sends.
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We are temporarily pausing USDC:USD conversions over the weekend while banks are closed. During periods of heightened activity, conversions rely on USD transfers from the banks that clear during normal banking hours. When banks open on Monday, we plan to re-commence conversions.
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1/ What does Hollywood have to do with crypto?
Right now, 5 big studios control 80% of box office revenue. That is some serious centralized power. Come along for a quick story about how crypto is empowering filmmakers and audiences outside of the traditional studio system…🧵
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1/ Introducing our new web3 discovery surface, coinbase.com/web3. Explore the best dapps web3 has to offer, including:
🖼️ NFTs
🤑 Ways to earn more crypto
💬 Decentralized social networks
🎮 Web3 games and more!
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Update: We’re sorry to see Silvergate make the tough decision to wind down their operations. They were a partner & contributors to the growth of the cryptoeconomy. Coinbase has no client or corporate cash at Silvergate. Client funds continue to be safe, accessible & available. twitter.com/coinbase/statu…
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It’s time to update the system. If you’re wondering why, and you don’t have a copy of our ad in today’s @washingtonpost, read on.👇🧵
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1/ Today we introduce Wallet as a Service, making it easier for any company or brand to seamlessly onboard their users to web3 🛠️⛓️
...even if they have never used cryptocurrency before.
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Updating the financial system means building the most trusted products and services, including industry-leading tools to support KYC, AML, and consumer protections.
Learn how we’re making crypto safer through our continued commitments to compliance 👇
coinbase.com/blog/how-coinb…
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2/3 of America thinks the financial system is overdue for an overhaul.
It’s time to update the system 🔁
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When it comes to humanitarian aid, cutting out the middleman can change lives 🤝
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Thousands of people across the U.S. have already signed up to be crypto advocates and help shape the future of crypto policy.
So, what are you waiting for? Join #Crypto435 to get more information and make your voices heard in D.C. 👇
actnow.io/z31xN5P
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All Coinbase systems have been re-enabled. This concludes our scheduled maintenance.
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We have re-enabled transfers on Coinbase․com.
We will begin to progressively re-enable trading on Coinbase․com once our Exchange maintenance is complete.
Follow the opening of trading for assets on Coinbase․com here: 👇
status.coinbase.com/incidents/w329…
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As part of our scheduled maintenance period, transfers and trading (Simple & Advanced Trade) have been disabled on Coinbase․com.
We expect our maintenance period to last up to 8 hours. We will provide an update here when transfers & trading have been restored.
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🚧REMINDER🚧
Saturday, March 4, 2023, Coinbase Exchange will be temporarily offline due to a scheduled technical upgrade for up to 8 hours.
Trading & transfers will be unavailable across Coinbase․com (Simple & Advanced), Pro, and Exchange. 🧵
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Coinbase has made a strategic acquisition of One River Digital Asset Management.
This acquisition marks the formation of Coinbase Asset Management and will enable additional institutional access to the cryptoeconomy.
Read more 👇
coinbase.com/blog/coinbase-…
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1/ The last 12 months have shown the power and potential of crypto. We are proud to be part of this community and inspired to spotlight stories of hope from entrepreneurs around the world. So, for anyone wondering 'Why crypto?' read on.👇🧵
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At Coinbase all client funds continue to be safe, accessible & available.
In light of recent developments & out of an abundance of caution, Coinbase is no longer accepting or initiating payments to or from Silvergate.
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The U.S. financial system doesn't serve everyone equally—it's time for an update. @SquawkCNBC @andrewrsorkin twitter.com/CNBC/status/16…
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1/ It’s time to advance pro-crypto policy in all 435 Congressional Districts across the U.S.
Introducing #Crypto435, our campaign to grow the crypto advocacy community and share tools and resources to make your voice heard.
Become an advocate today 👇 actnow.io/z31xN5P
The most trusted crypto exchange.
For support ➡️ @CoinbaseSupport