“The risk of recession is low,” according to Coinbase

Key facts: US interest rate cut marks turning point for volatile assets. Bitcoin soared above $63,000 after rate cut The US Federal Reserve (Fed) has decided to cut interest rates by 0.5 points, bringing them to 5%. Markets reacted with high volatility after the announcement, although doubts remain as to what direction the economy of … Read more

Coinbase launches its wrapped bitcoin token

Key facts: CbBTC is backed 1:1 by the bitcoin held by Coinbase. The wrapped BTC token will be available for trading on DEX with Coinbase Wallet. Coinbase, the largest cryptocurrency exchange in the United States, announced on Thursday, September 12, the launch of its wrapped bitcoin (BTC) token, called cbBTC, expanding the ways to use … Read more