Seems that Coinbase has backtracked on what they said and had apologized via a tweet to all their customers on what was stated in their latest newsletter:
"We screwed up and we are sorry. Yesterday we shared an overview of the $pepe meme coin to provide a fact-based picture of a trending topic. This did not provide the whole picture of the history of the meme and we apologize to the community."
10:51 AM · May 11, 2023 2M Views
One of the responses from a customer that is pretty spot on of why they redacted their stance:
"Translation: We’ve secured our position on the dip and are ready to list it shortly"
11:56 AM · May 11, 2023 759 Views
The gamble hadn't paid off for those who invested in pepe since it has receeded back down to levels before the huge pump last week.
Topic: Coinbase on the defensive about these bitcoin ordinal centralized meme coins - page 8. (Read 1863 times)
May 13, 2023, 05:45:36 AM
May 11, 2023, 11:28:56 AM
Very interesting how these tokens which have no utility or intrinsic value except to the one's holding it, has up ended the king of all crypto and has caused a flurry of problems for the over 14 year cryptocurrency.
It basically means that people are here just to make a quick profit and are ready to throw their money at anything to get a short profit.
They are just gambling with their money by investing in meme coins and don't care if the coin is having any utility or any intrinsic value.
May 11, 2023, 10:50:43 AM
Ofcourse, it's important to let them know that they are being used to power up the price of something that is considered a hate symbol. That should discourage the victims from patronizing things like pepe, which will consequently ruin the value. Being a hate symbol makes it an evil product. Evil product should be worthless rather than worth more.
Things like that are basically Nazi things and the nazis operate in both the left and right but tend to be more open in the right. They typically adopt dual/multiple meanings for their hate symbols/terms to make them hard to catch. There is even the Ape NFT. The pureblood is probably another recent nonsense with dual meaning which they use for the unvacinated & inbreeders(pure race).
It's also important to let the community know that blockchain should be mostly for light data rather than for storing pictures, videos, songs or other heavy files.
Things like that are basically Nazi things and the nazis operate in both the left and right but tend to be more open in the right. They typically adopt dual/multiple meanings for their hate symbols/terms to make them hard to catch. There is even the Ape NFT. The pureblood is probably another recent nonsense with dual meaning which they use for the unvacinated & inbreeders(pure race).
It's also important to let the community know that blockchain should be mostly for light data rather than for storing pictures, videos, songs or other heavy files.
May 11, 2023, 06:17:36 AM
With the BRC-20 tokens taking up the majority of the block size on transactions sent to the bitcoin blockchain in the past three weeks causing chaos and having users of bitcoin paying enormous fees, one of the first exchanges in the US have had enough.
They sent their customer base newsletter out in an email late yesterday about a certain token known as pepe.
The email entails and describing the Pepe meme as a hate symbol co-opted by alt-right groups has drawn significant ire from the PEPE memecoin community.
source: https://cointelegraph.com/news/coinbase-calls-pepe-a-hate-symbol-prompting-calls-to-boycott-the-exchange
Only 24 hours ago the pepecoin backers with the community on twitter were asking Coinbase to list the BRC-20 token on their exchange with screen captures of the symbol on their own webpage, either real or photoshopped on several of crypto influencers twitter feeds.
But now they are all up in arms against the American exchange with these mass emails being sent out with no hope in sight for their beloved green frogfaced meme which was created back in 2005 and made the rounds on huge online media sites such as reddit and 4chan.
https://www.coindesk.com/business/2023/05/11/coinbase-newsletter-flags-rise-of-pepecoin-and-brc-20-tokens-irks-crypto-twitter
Since then, there was some news about pepe & memecoins topping Coinbase in trading volume just today.
Uniswap Volume Leapfrogs Coinbase Thanks to Pepe and Meme Coins
https://decrypt.co/139594/uniswap-volume-leapfrogs-coinbase-pepe-meme-coins
"Uniswap still looks to be slightly ahead of Coinbase, with $1.2 billion volume compared to the San Francisco-based exchange’s $948 million."
Very interesting how these tokens which have no utility or intrinsic value except to the one's holding it, has up ended the king of all crypto and has caused a flurry of problems for the over 14 year cryptocurrency.
They sent their customer base newsletter out in an email late yesterday about a certain token known as pepe.
The email entails and describing the Pepe meme as a hate symbol co-opted by alt-right groups has drawn significant ire from the PEPE memecoin community.
source: https://cointelegraph.com/news/coinbase-calls-pepe-a-hate-symbol-prompting-calls-to-boycott-the-exchange
Only 24 hours ago the pepecoin backers with the community on twitter were asking Coinbase to list the BRC-20 token on their exchange with screen captures of the symbol on their own webpage, either real or photoshopped on several of crypto influencers twitter feeds.
But now they are all up in arms against the American exchange with these mass emails being sent out with no hope in sight for their beloved green frogfaced meme which was created back in 2005 and made the rounds on huge online media sites such as reddit and 4chan.
https://www.coindesk.com/business/2023/05/11/coinbase-newsletter-flags-rise-of-pepecoin-and-brc-20-tokens-irks-crypto-twitter
Since then, there was some news about pepe & memecoins topping Coinbase in trading volume just today.
Uniswap Volume Leapfrogs Coinbase Thanks to Pepe and Meme Coins
https://decrypt.co/139594/uniswap-volume-leapfrogs-coinbase-pepe-meme-coins
"Uniswap still looks to be slightly ahead of Coinbase, with $1.2 billion volume compared to the San Francisco-based exchange’s $948 million."
Very interesting how these tokens which have no utility or intrinsic value except to the one's holding it, has up ended the king of all crypto and has caused a flurry of problems for the over 14 year cryptocurrency.
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