Coinbase has introduced a new product: "Coinbase Wrapped Bitcoin" (cbBTC), an ERC-20 token is fully backed by Bitcoin at a 1:1 ratio. The exchange claims that the new product is targeted at enhancing Bitcoin's utility within the DeFi ecosystem. "As the oldest and most widely held crypto asset, Bitcoin plays ...
Coinbase may be preparing to launch a new product, specifically a wrapped Bitcoin token. Two cryptic posts from the US-based cryptocurrency exchange's official X account containing the words "cbBTC," followed by a "coming soon," have prompted this speculation. Coming soon. — Coinbase 🛡️ (@coinbase) August 14, 2024 cbBTC. — Coinbase ...
Coinbase's U.K. subsidiary, C.B. Payments Limited (CBPL), has been fined £3.5 million by the Financial Conduct Authority (FCA) for “repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers.” According to the FCA, despite a voluntary agreement with it to limit the onboarding of high-risk customers, ...
According to Coinbase CEO Brian Armstrong, cryptocurrency would usher in a future where the global financial system is more efficient, fair, and accessible. In an interview with the Wall Street Journal earlier this week, Armstrong shared his optimistic vision for the future of cryptocurrency, a future where a significant portion ...
In the past week, at least three Coinbase users have fallen victim to scammers impersonating Coinbase representatives, with one person reportedly losing over $1 million. On July 7, Tegan Kline, co-founder of Edge & Node, shared an incident involving a “good friend.” According to Kline, the scam began with a ...
Cryptocurrency exchange Coinbase has filed a lawsuit against two U.S. federal agencies, the Securities and Exchange Commission (SEC) and Federal Deposit Insurance Corporation (FDIC), for allegedly failing to comply with its Freedom of Information Act (FOIA) requests. The complaint, which was filed today, June 27, 2024, at the U.S. District ...
Michael Novogratz's digital bank Galaxy Digital is on track to become the leading validator in the Solana network, overtaking Coinbase as the largest validator. This development, first highlighted by Helius CEO Mert Mumtazin in a recent social media post, represents a significant shift in the blockchain validation landscape. According to ...
Cryptocurrency trading platform HTX, previously known as Huobi, has surpassed US-based exchange Coinbase in spot trading volumes. Tron founder Justin Sun, an adviser to HTX and a significant asset holder on the platform announced the milestone on X on May 27. "For the first time, @HTX_Global has more spot ...
The price of Friend. tech's token took a significant hit today, dropping over 29%, after the platform's co-founder, known pseudonymously as Racer, hinted at leaving the Ethereum Layer-2 network Base. This sudden decline follows Racer's social media posts, now a deactivated account, expressing dissatisfaction with their relationship with Base, a ...
Following a significant system outage and recovery earlier today, Coinbase users have expressed their ongoing frustration as they continue to encounter difficulties withdrawing their funds on the platform. The outage, which left users unable to access the platform from any device in the early hours of the day, was swiftly ...
