Coinbase CEO announces upcoming 'private transactions' feature for Base
Coinbase's Privacy Initiative: Coinbase CEO Brian Armstrong announced plans to enable private stablecoin transactions on the Ethereum layer-2, Base, following the acquisition of the privacy platform Iron Fish, aimed at enhancing privacy on public blockchains.
Privacy Concerns and Regulations: While there are inquiries about whether the privacy solution will require Know Your Client checks, Armstrong has not provided details, indicating that more information will be shared soon.
Iron Fish's Privacy Features: Iron Fish employs zero-knowledge proofs and "view keys" to maintain transaction privacy, allowing users to disclose information to authorities if necessary, though its privacy solution may not be fully private.
Existing Privacy Solutions: Iron Fish already supports privacy transactions across over 20 blockchains, including Base, where it facilitates a privacy version of wrapped USDC through its crosschain bridge, ChainPort.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
