Coinbase | ForkLog

ForkLog 24 27.08.2024

Coinbase Leverages AI for Scalability

Coinbase has developed and launched a machine learning model that predicts traffic surges and automatically scales databases to prevent downtime and enhance platform performance. The exchange announced this in a blog post. The company noted that user activity can spike suddenly and rapidly. While the exchange can scale and add resources, this is not an […]

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ForkLog 25 14.08.2024

Coinbase Hints at Launch of ‘Wrapped’ Bitcoin

Cryptocurrency exchange Coinbase has announced the potential launch of a product called cbBTC. Commentators speculated that this refers to its own version of ‘wrapped’ Bitcoin. Coming soon. — Coinbase ?️ (@coinbase) August 14, 2024 The platform added only the word “soon” to its very succinct message. Almost simultaneously, Jesse Pollak, head of the Coinbase-supported Ethereum […]

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ForkLog 9 03.08.2024

Coinbase Analysts Attribute Bitcoin’s Decline to Seasonal Trends

The cryptocurrency market has encountered a typical August downturn, according to analysts from the bitcoin exchange Coinbase, reports The Block. “In August, seasonality usually does not favour cryptocurrencies,” stated analysts David Duong and David Han in a note. They noted that historically, this month has seen a decline in market activity. In August 2023, the […]

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ForkLog 1 26.07.2024

Ethereum and L2 Address Growth Analyzed by Experts

In the first half of the year, the number of daily active addresses (DAU) for Ethereum and its primary L2 solutions increased by 127%. These figures are presented in a joint report by Coinbase and Glassnode. According to GrowthePie, Linea, Base, and Arbitrum are the three main rollups with a combined DAU of 1.8 million. […]

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ForkLog 12 24.07.2024

Coinbase Seeks Court Order for Gensler’s Correspondence

Coinbase has filed a motion to compel the SEC and its chairman, Gary Gensler, to produce emails and internal documents underlying its legal battle with the agency, according to The Block. The Commission sued the platform in June 2023, accusing it of violating securities laws and operating without registration. The SEC also targeted Coinbase’s staking […]

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ForkLog 24 18.07.2024

BlockFi to Begin Compensation Payments by Month’s End

The crypto lender BlockFi is set to return digital assets to clients via Coinbase by the end of July. The firm, which has undergone bankruptcy proceedings, announced this on X. As described in our previously announced Coinbase distribution partnership blog post (https://t.co/M0T56YiKAe), BlockFi will commence first interim crypto distributions through Coinbase in July 2024. — […]

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ForkLog 11 10.07.2024

Scammers Impersonating Coinbase Representatives Steal Over $1.7 Million

There has been an increase in scams where criminals impersonate Coinbase support to extract users’ seed phrases. One victim lost approximately $1.7 million. On July 8, Edge & Node co-founder Tegan Kline reported that scammers had emptied the wallet of a close friend. CT, a member of the community urgently needs your help. $1.7 Million […]

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ForkLog 7 04.07.2024

Coinbase Challenges SEC’s Attempt to Shield Gensler’s Correspondence

The cryptocurrency exchange Coinbase has responded to a motion by the SEC, in which the regulator seeks to block the disclosure of information from its chairman, Gary Gensler. We have responded to @SECGov ‘s effort to block reasonable discovery from Mr. Gensler in a case that it—not Coinbase—chose to file. Democracy, as well as due […]

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ForkLog 5 03.07.2024

SEC’s Case Against ConsenSys to Proceed on Expedited Schedule

The court has approved an expedited schedule for hearings in the SEC case against ConsenSys, set to take place from July 29 to November 26. This was announced by the company’s lawyer, Bill Hughes. Important News about about @Consensys v. Gensler. Judge O’Connor granted our request that he consider the merits of our case on […]

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ForkLog 18 02.07.2024

Coinbase to Serve as Custodian for Seized Bitcoins by U.S. Marshals

The U.S. Marshals Service (USMS) has selected Coinbase Prime to provide custody and liquidation services for high-capitalization cryptocurrencies. Just announced: the U.S. Marshals Service selects Coinbase Prime to provide custody and advanced trading services for its large cap digital assets portfolio. Read more about this partnership ↓https://t.co/6CCTz1EGQj pic.twitter.com/zM4R0giDrY — Coinbase Institutional ?️ (@CoinbaseInsto) July 1, […]

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ForkLog 41 27.06.2024

Coinbase Sues SEC and FDIC Over Lack of Transparency

The exchange accused regulators of failing to comply with the Freedom of Information Act. The company perceived the actions of the agencies as a targeted campaign against the digital asset industry. Coinbase has filed a lawsuit against the SEC and the FDIC over their attempts to “cut off” the crypto industry from the banking sector, […]

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ForkLog 15 24.06.2024

Study Reveals Coinbase as Top Target for Scammers Among US Crypto Brands

The cryptocurrency exchange Coinbase has been identified as one of the most impersonated American brands by scammers seeking to deceive their victims. This is according to a report by Mailsuite. Analysts report that from January 2020 to March 2024, the Coinbase brand was used in 416 scam schemes and phishing attacks. Number of times American […]

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