Coinbase | ForkLog

ForkLog 11 20.03.2024

Coinbase CEO Highlights Digital Asset Applications

Bitcoin serves as a reliable hedge against inflation and governmental manipulation, yet it has other applications as well. This was stated by Coinbase CEO Brian Armstrong in the company’s blog. “Experts often claim that cryptocurrency has no real utility beyond speculation and illegal activities. However, more than 50 million Americans and 400 million people worldwide […]

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ForkLog 15 20.03.2024

Coinbase Allies Urge SEC to Establish Cryptocurrency Regulations

The Crypto Council for Innovation (CCI), venture firm Paradigm, the U.S. Chamber of Commerce, and others have rallied behind Coinbase in its call for the SEC to formulate rules for the digital asset industry, reports The Block. In court filings as amicus curiae, these organizations argued that the Commission lacks a clear strategy for regulating […]

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ForkLog 16 13.03.2024

Coinbase Follows MicroStrategy with $1 Billion Convertible Bond Offering

Coinbase plans to raise $1 billion through a private placement of convertible debt. The cryptocurrency exchange intends to use the proceeds for debt repayment, general corporate purposes, and potential acquisitions. Investors will have an option to purchase an additional $150 million in securities. The offering includes a provision for “capped call transactions,” which aims to […]

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ForkLog 8 11.03.2024

Coinbase Highlights Potential Risks for Bitcoin’s Continued Growth

Despite Bitcoin reaching a new all-time high, the market may face challenges in maintaining its upward trajectory in the short term, according to Coinbase’s weekly report. “The unwinding of bearish positions, which initially fueled the rise, is likely exhausted. However, spot Bitcoin ETFs in the US remain a significant anchor for demand,” noted analysts David […]

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ForkLog 20 11.03.2024

Grayscale and Coinbase Discuss ETH-ETF Conversion with SEC

Coinbase presented arguments for converting Grayscale’s Ethereum Trust into a spot ETF. SEC representatives showed little enthusiasm during the discussion. Bloomberg and FOX Business see this as reducing the likelihood of product approval in May. Representatives from Grayscale and Coinbase discussed with the SEC the rule changes necessary to launch an ETF based on the […]

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ForkLog 9 05.03.2024

Coinbase Resolves Another Platform Glitch

The cryptocurrency exchange Coinbase has resolved an issue that caused delays on the platform and periodically reset user balances to zero. We have issued a fix which remediated the display issue impacting customer account balances and latency across https://t.co/ohqDivlp6Y. We appreciate your patience. https://t.co/7gsVeIvYMl — Coinbase Support (@CoinbaseSupport) March 4, 2024 On March 2, in […]

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ForkLog 58 29.02.2024

Coinbase Resolves ‘Zero Balance’ Glitch

Cryptocurrency exchange Coinbase has rectified a technical glitch that caused users’ account balances to disappear. Apps are now recovering. We had modeled a ~10x surge in traffic and load tested it. This exceeded that number. It’s expensive to keep services over-provisioned, but we’ll need to keep working on auto-scaling solutions, and killing any remaining bottlenecks. […]

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ForkLog 16 22.02.2024

Experts Warn of Risks in Spot Ethereum ETFs

Potential exchange-traded funds based on the second-largest cryptocurrency, which will lock assets in staking, pose risks to the Ethereum ecosystem, according to a report by S&P Global Ratings. Experts suggest that spot ETH-ETFs could become “large enough to alter the concentration of validators in the network for better or worse.” Analysts believe that potential issuers […]

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ForkLog 10 16.02.2024

Coinbase Reports $273 Million Quarterly Profit

In the fourth quarter of 2023, the cryptocurrency exchange Coinbase reported a net profit of $273 million. For the year, the figure amounted to $95 million with total revenue of $3.1 billion, the company announced in a letter to investors. Our Q4’23 and full-year 2023 update is in. Read the full shareholder letter and tune […]

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ForkLog 29 12.02.2024

Cryptocurrency Firms Skip Super Bowl Advertising

Leading cryptocurrency companies have opted not to apply for advertising slots during the Super Bowl, according to Fox Business. Notably, issuers of spot Bitcoin ETFs, BlackRock and Grayscale, did not promote their products, as there were no available slots following the approval by the SEC of these instruments. The main sporting and television event in […]

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ForkLog 38 05.02.2024

Data from Binance and Coinbase Offered for Sale on the Dark Web

A hacker using the alias Tamagami claims to have accessed an account on the Kodex Global platform, which allows law enforcement to request data from various bitcoin exchanges and social networks. This was highlighted by experts at Hudson Rock. New Blog Post: Hacking of Google, TikTok, and Meta Law Enforcement Systems as a Result of […]

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ForkLog 11 25.01.2024

Coinbase Declares Bitcoin ‘Mainstream’ Following ETF Launch

The introduction of spot Bitcoin ETFs in the United States has paved the way for the cryptocurrency to reach a broader audience, according to executives at Coinbase Institutional. This was reported by The Block. “The most exciting thing is that now cryptocurrency can become mainstream for the first time. […] This is the moment we […]

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