Coinbase says it's working on 'flatcoins' that will keep pace with inflation
Inflation surged to four-decade highs last year amid supply-chain disruptions caused by COVID-19 and as Russia's invasion of Ukraine squeezed commodity markets.
The Federal Reserve responded by aggressively raising interest rates – which has cratered the value of stocks, bonds, and cryptocurrencies as well as fueling the collapse of high-profile companies like SVB and FTX.in the past – is one big name who's previously backed the idea of a flatcoin, which he's suggested as an alternative to bonds that pay out a yield in line with inflation.
As well as building flatcoins, Coinbase's priorities for its Base network are to develop blockchain-based reputation and limited order book systems and to build tools that make the decentralized finance space safer, the exchange said in its Friday blog post.A previous version of this story said Coinbase was developing flatcoins. It has been corrected to say that the company was instead encouraging builders to develop them.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Coinbase CEO Says Morale Soared After SEC Wells NoticeAs the crypto community responds with a mix of support and skepticism, the future of Coinbase hangs in the balance as it navigates the regulatory landscape amidst this ongoing investigation
Lire la suite »
Coinbase Insider-Trading Case Spearheads Crypto’s Latest Bid to Avoid SEC OversightThe crypto industry is hoping that a former manager at Coinbase who has pleaded guilty in a criminal case can beat the SEC by challenging the regulator’s view that the tokens he traded were securities.
Lire la suite »
Coinbase wants devs to build inflation-pegged 'flatcoins' on its new 'Base' networkCoinbase is calling on developers to work on four 'critical' areas of its on-chain ecosystem, including an inflation-pegged “flatcoin,” a reputation protocol, a limit order book exchange, and tools to secure the DeFi ecosystem.
Lire la suite »
ARK Invest Scoops Up Coinbase, Block Shares for Second Straight DayCathy Wood's fund bought COIN and SQ on Thursday and Friday last week after Coinbase tumbled on getting hit with a Wells Notice and Block took a hit following a short-seller's report.
Lire la suite »
Crypto-Related Stocks Drop Alongside Bitcoin on CFTC Binance SuitBitcoin and shares of crypto-linked companies slid after the CFTC sued Binance. sheldonreback reports.
Lire la suite »
Those awaiting trial, serving misdemeanor sentences need easier access to voting, advocates sayVoting rights advocates are trying to make it easier for people behind bars to vote. They say they want to make sure the tens of thousands of people being held until they stand trial have not lost their basic American right to cast a ballot.
Lire la suite »