Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Coinbase CEO’s Blue Dot Video Raises Curiosity in Crypto Community

Published 02/23/2023, 12:43 PM
Updated 02/23/2023, 01:00 PM
© Reuters Coinbase CEO’s Blue Dot Video Raises Curiosity in Crypto Community

  • Coinbase (NASDAQ:COIN) CEO’s video arouses curiosity within the crypto community.
  • One Redditor predicted an announcement while another expected a layer 2 launch for security trading.
  • Optimism’s base jumper post and Coinbase video suspected to have some correlation states a netizen.

Co-Founder and CEO of Coinbase Brian Armstrong posted a brief video of a blue dot on a black background which faded into today’s date. This got the crypto community thinking from different angles.

The r/CryptoCurrency community on Reddit posted some of the people’s perspectives with regard to this video. In the post, one Reddit user stated, “Using our powers of deduction we can conclude that they will announce something tomorrow [which is Thursday], the question is what are they announcing?”.

Some believed it will be a launching of an L2 (Layer 2) to trade securities powered by optimism. In particular, one netizen who was of the same school of thought stated, “If L2, then the best guess is Coinbase launches a fully KYC’ed chain to trade securities with a traditional broker experience and on-chain settlement.”

Others believe that Coinbase was going to airdrop tokens that will track and report everything to the Internal Revenue Service (IRS) which requires taxpayers to declare all digital asset income.

Interestingly, one netizen tried to connect the dots between an Optimism post and Coinbase’s recently released video. The netizen mentioned the post had something to do with Coinbase’s blue dot video. This is because Optimism posted a picture of a base jumper with his parachute, which from above looks like a blue dot.

Another netizen who thought from a different angle stated that this whole scenario wouldn’t be complete without some [expletive] coins using the opportunity to try and grab some attention from the hype.

The post Coinbase CEO’s Blue Dot Video Raises Curiosity in Crypto Community appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.