Improvements being made to the crypto exchange will make onboarding easier Coinbase has made great leaps in solving one of its most berated customer support issues: unjustified account freezes. CEO Brian Armstrong stated in a tweet on June 6 that the cryptocurrency exchange has reduced such incidents by 82%, crediting recent improvements in its technology
The lawsuit arrives as more details surface about the recent attack Coinbase is facing fresh legal trouble following a recently disclosed data breach and a past regulatory violation in the UK. A new proposed class-action lawsuit, filed by investor Brady Nessler on May 22 in a Pennsylvania federal court, alleges the crypto exchange failed to
New research shows that almost 70,000 user accounts may have been compromised New details have surfaced about a recent data breach at Coinbase, revealing that the impact may be far more serious than initially believed. According to a filing submitted to the Maine attorney general’s office, nearly 70,000 user accounts were compromised in the cyberattack,
The lawsuit accuses the crypto exchange of violating the Illinois Biometric Information Privacy Act Coinbase is now facing a class-action lawsuit in Illinois over claims it mishandled users’ biometric data. The case, filed on May 13 in federal court, accuses the cryptocurrency exchange of violating the Illinois Biometric Information Privacy Act (BIPA), a state law
The cryptocurrency exchange may be looking to become more mainstream Coinbase is exploring the possibility of applying for a US federal bank charter, according to a spokesperson for the company. While no official decision has been made, the crypto exchange confirmed to Cointelegraph that the idea is under active consideration. The potential move aligns with
The decision is another example of how the US is changing its stance on cryptocurrency Kentucky has officially dropped its case against Coinbase, making it the third state to do so in recent weeks. The state’s Department of Financial Institutions filed the motion to dismiss yesterday, following similar moves by Vermont and South Carolina. This
The move is the latest of several made as the agency rethinks its cryptocurrency approach The US Securities and Exchange Commission (SEC) has officially closed its investigation into Coinbase. The news marks a significant shift in the regulatory landscape for the cryptocurrency industry. The SEC’s investigation into https://t.co/pFc4Pz9nFR has been closed with no action being
Many reports are surfacing of fraudulent emails that trick users into creating new wallets Scammers are ramping up efforts to deceive cryptocurrency users by impersonating major exchanges like Coinbase and Gemini. Reports of fraudulent emails have surfaced, tricking users into setting up wallets with pre-generated recovery phrases that allow attackers to take full control of
The battle that began almost two years ago was dropped voluntarily The US Securities and Exchange Commission (SEC) has officially dropped its lawsuit against Coinbase, marking the end of a legal battle that began in June 2023. According to court filings from February 27, the SEC voluntarily dismissed all litigation against the cryptocurrency exchange and
The CFTC has issued a subpoena to the cryptocurrency company to obtain sensitive information Coinbase may be compelled to provide user data in connection with a Commodity Futures Trading Commission (CFTC) investigation into Polymarket, a blockchain-based prediction platform. The CFTC has reportedly issued a subpoena to Coinbase requesting general customer information linked to Polymarket. This
A change in European cryptocurrency oversight is forcing exchanges to take action Cryptocurrency exchanges in Europe are taking significant steps to comply with the upcoming enforcement of the Markets in Crypto-Assets Regulation (MiCA). As the regulatory framework nears full implementation on December 30, 2023, major platforms, including Coinbase Europe, Coinbase Germany, and Coinbase Custody International,
The move will make it even easier for crypto fans to use their funds Coinbase has announced the integration of Apple Pay into its Onramp app services, marking a significant step in simplifying cryptocurrency transactions for users. Starting yesterday, apps utilizing Coinbase’s Onramp services will allow users to log in and make payments directly via
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