In an increasingly contentious relationship between the cryptocurrency industry and regulatory agencies, Coinbase’s CEO, Brian Armstrong, has taken a bold stance against law firms that engage former regulators linked to actions that he deems detrimental to the crypto landscape. On December 3, Armstrong made a significant announcement via social media, declaring that Coinbase would terminate
Exchanges
Coinbase, a pivotal player in the cryptocurrency exchange sector, has stirred controversy over its recent advisories regarding the use of Virtual Private Networks (VPNs) by its users. This move, perceived by many as an attack on privacy rights, has prompted a wave of backlash from the crypto community. The core of the issue lies in
In a significant move towards enhancing user accessibility, Coinbase has announced the integration of Apple Pay into its Coinbase Onramp service. This strategic update, disclosed on December 2, is poised to simplify the way users can convert their fiat currency into cryptocurrency, ultimately transforming a traditionally complex process into a more streamlined and user-friendly experience.
SBI VC Trade, a notable offshoot of the esteemed SBI Holdings from Japan, continues to assert its dominance in the realm of blockchain technology and cryptocurrency. With SBI Holdings claiming a staggering $190 billion in assets as of March 2024, the firm’s commitment to advancing financial innovation through strategic collaborations is evidently unwavering. The latest
Recently, the Solana blockchain community has been embroiled in concerns regarding transaction delays experienced on Coinbase, a prominent cryptocurrency exchange. Solana users took to the social media platform X to report that their transactions were taking an astonishing 45 minutes to process. This stark contrast was particularly alarming as it vastly exceeded processing times for
In a striking turn of events, a former high-ranking executive from Binance has purportedly faced retaliation for raising alarm bells about alleged unethical practices within the company. Amrita Srivastava, who worked remotely on Binance’s Link platform and was based in London, asserts she was unfairly dismissed following the revelation of a colleague’s purported bribery scheme.
Celo, recognized as a significant player among Layer-1 blockchains, is currently undergoing scrutiny as it plans to transition to the Ethereum Layer-2 network within the Optimism Superchain ecosystem. This strategic move, aimed at enhancing scalability and utility, has been met with skepticism, particularly after a notable 5% drop in its native token, CELO. The decline
The collapse of FTX in November 2022 sent shockwaves through the cryptocurrency community and broader financial markets. Once a leading platform for digital asset trading, FTX fell victim to serious mismanagement orchestrated by its founder, Sam Bankman-Fried, and his executive team. This mismanagement primarily involved the misuse of customer funds, leading to catastrophic losses for
In a remarkable turn of events, South Korean authorities have successfully retrieved 4.8 Bitcoin (BTC) originally linked to the notorious 2019 hack of Upbit, one of the largest cryptocurrency exchanges in South Korea. This incident was not merely a typical cyber theft; it involved a substantial amount of 342,000 Ethereum (ETH) being pilfered by suspected
In a significant move on November 19, Coinbase announced its intention to cease trading Wrapped Bitcoin (WBTC) pairs on its exchange and Prime platforms, effective December 19. This development raises critical questions about the underlying reasons for the decision, as Coinbase has not disclosed the specific criteria that WBTC failed to meet concerning its listing
