Jesse Pollak has been tapped by Coinbase to develop its wallet program Jesse Pollak, the creator of the Ethereum Layer 2 blockchain Base, has officially taken on a leadership role at Coinbase. Pollak will now oversee Coinbase Wallet while continuing to lead the Base team. This move is seen as a step toward improving the
The cryptocurrency exchange is facing an uphill battle against the protected agency History Associates has united with cryptocurrency exchange Coinbase in a lawsuit against the US Federal Deposit Insurance Corporation (FDIC). They hope their combined efforts can force the agency to comply with a Freedom of Information Act (FOIA) request and release certain financial records.
The wallet will reportedly make it easier for crypto users to manage their funds Coinbase recently announced it is launching a smart wallet. The Coinbase Wallet will benefit customers through onboarding, removing gas fees and eliminating the need for recovery phrases. The crypto exchange’s new smart wallet will allow users to open a new wallet
The cryptocurrency exchange hasn’t yet explained why the platform suddenly went down The Coinbase cryptocurrency exchange suffered a major outage on May 14. No reason has been given for the system-wide shutdown that lasted over three hours, and many users are still unable to transfer funds on the exchange. Coinbase said it’s continuing its investigation into the incident. Coinbase announced
BlockFi will completely shut down, but users could be able to make claims through Coinbase BlockFi recently announced a new partnership with Coinbase to allow customers to make withdrawals from their accounts. The bankrupt crypto lender is in the process of shutting down its online platform, which will be completed in May. BlockFi was forced to file for bankruptcy
The cryptocurrency exchange reports it earned as much in Q1 as it did for all of 2023 Coinbase is reporting a significant resurgence in the first quarter of 2024. An upswing in market activity and the highly-anticipated launch of Bitcoin exchange-traded funds (ETFs) largely fueled the crypto exchange’s recent performance. In the first quarter, Coinbase
The cryptocurrency exchange isn’t violating the Securities Exchange Act as the SEC asserted Coinbase has gained a significant win in its ongoing lawsuit after the US Court of Appeals for the Second Circuit ruled in its favor, confirming that Coinbase’s secondary cryptocurrency sales are not in violation of the Securities Exchange Act. The recent ruling
Bitcoin’s next halving is coming soon, and over $1 billion has been moved off the exchange Coinbase’s Bitcoin holdings have been reduced to their lowest level in nine years after users transferred a large portion of their holdings from the exchange. A report from CryptoQuant indicates that 18,000 Bitcoin worth nearly $1 billion were moved
Coinbase launches an ad campaign to drum up support for a digital penny Coinbase’s new crypto ad campaign declares that moving the US dollar to a “well-designed blockchain” could turn billions of “clunky” pennies into something valuable again. The ad was introduced as part of National Lost Penny Day on February 12, which began in
The cryptocurrency exchange has failed in its attempt to have the SEC develop guidance On December 15, the US Securities and Exchange Commission (SEC) denied cryptocurrency exchange Coinbase Global’s petition to issue rules handling digital assets. Chairman Gary Gensler repeated his stance that “no further regulation is needed to oversee the crypto market.” “The current
The cryptocurrency exchange continues to test new ways to facilitate transactions more easily A new feature offered by Coinbase Wallet allows users to transfer crypto via a link they can send through some of the most widespread social media and messaging apps as the exchange examines making its service available to a broader market. Recipients
Bybit is under investigation for allegedly offering its exchange services in the US without a license Coinbase is informing customers that it has been subpoenaed by the United States Commodity Futures Trading Commission (CFTC), according to X (formerly Twitter) users who posted a copy of the notice. The CFTC is pursuing information regarding the Bybit
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