Coinbase’s first-quarter earnings, released on May 8, revealed a 10% dip in total revenue to $2 billion, falling short of industry expectations by 4.1% amid sluggish trading activity and a broader market cooldown. Net income took a major hit, plunging 95% quarter-over-quarter to $66 million, down from $1.29 billion in ...
Crypto detective says social engineering attacks are uniquely plaguing Coinbase, with annual losses now pegged at $330 million. Onchain investigator and well-known security analyst ZachXBT has uncovered an additional $45 million siphoned from Coinbase users in just the past week, spotlighting an escalating wave of social engineering scams that continues ...
Coinbase has unveiled a bold new payments protocol called x402, designed to facilitate instant stablecoin transactions directly over the internet via HTTP, setting the stage for an autonomous, AI-driven digital economy. According to the May 6 announcement, reviving the long-dormant HTTP 402 status code, originally labelled “Payment Required,” the x402 ...
Coinbase CEO Brian Armstrong urges Congress to fast-track legislation on stablecoins and market structure to pass both bills before the August recess. In a recent statement, Armstrong stressed the urgency of leveraging the momentum created by the ongoing FIT21 discussions in the House, believing it could propel both pieces of ...
Movement Labs has suspended its co-founder, Rushi Manche, amid an ongoing investigation into a market manipulation scandal involving one of its former market makers. This announcement came on May 2, 2025, as the company works with Groom Lake, a third-party firm, to thoroughly investigate the incident. The controversy centres on ...
Coinbase Asset Management has announced the launch of its new Bitcoin Yield Fund (CBYF), a product aimed at institutional investors seeking long-term exposure to Bitcoin (BTC) with the added benefit of annual yields between 4% and 8%. The fund is set to launch officially on Thursday, May 1, 2025, and ...
Leading crypto and Web3 companies, including Coinbase, Fabric Ventures, Animoca Brands, and Founders Factory, have launched a Web3 accelerator program to enhance blockchain and AI innovation in the U.K. Selected founders of Web3 start-ups can receive up to £250,000 in funding and 16 weeks of operational support. The program is ...
Coinbase analysts are taking a cautious stance on the short-term crypto market, indicating that a bottom may not be reached until late in the second quarter. A report with Glassnode highlights that while long-term Bitcoin holders are still accumulating, they anticipate additional market weakness before a significant recovery occurs. According ...
In a shift highlighting the diverging behaviour between major investors and retail traders, sovereign wealth funds and institutional players significantly ramped up their Bitcoin (BTC) accumulation in April 2025, even as retail interest appeared to wane, according to John D’Agostino, head of the strategy at Coinbase Institutional. In a recent ...
In a notable shift for the crypto industry, Alabama has officially dropped its enforcement action against Coinbase, reducing the number of states challenging the exchange’s staking program to five. The development, confirmed by Coinbase’s Chief Legal Officer Paul Grewal on April 23, marks a small but significant victory for the ...
