Coinbase | ForkLog

ForkLog 17 15.05.2025

Coinbase Discloses Data Breach and Declines $20 Million Ransom

Coinbase has revealed a breach of user data due to the bribery of overseas support staff. The platform’s team refused to pay a $20 million ransom and took countermeasures. Cyber criminals bribed and recruited rogue overseas support agents to pull personal data on

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ForkLog 22 14.05.2025

Brian Armstrong Offers Former DOGE Employees Fast-Track Hiring at Coinbase

Coinbase CEO Brian Armstrong has extended an offer to former employees of DOGE to join the exchange through an expedited hiring process. https://t.co/dLuc9s65F5 — Brian Armstrong (@brian_armstrong) May 13, 2025 The initiative was prompted by a viral Fox News video featuring 22-year-old Ethan Shaotran, a former DOGE employee who dropped out of Harvard. In the […]

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ForkLog 14 13.05.2025

Bitcoin Exodus from Coinbase Surpasses $1 Billion in a Day

The American cryptocurrency exchange Coinbase has recorded its largest outflow of the leading cryptocurrency since the beginning of the year. On May 9, investors withdrew 9,739 BTC.

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ForkLog 12 13.05.2025

Bernstein Estimates $9 Billion Demand for Coinbase Shares Following S&P 500 Inclusion

Index funds may generate approximately $9 billion in demand for Coinbase shares following their inclusion in the S&P 500, according to calculations by Bernstein, reports The Block. Investments from active funds tracking the popular benchmark are expected to reach around $7 billion. Matthew Sigel, head of digital asset research at VanEck, estimated the total purchase […]

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ForkLog 8 13.05.2025

Coinbase to Join S&P 500 as First Crypto Company

Starting May 19, Coinbase shares will be included in the S&P 500 index, replacing Discover Financial Services. Following this announcement, the market capitalization of the bitcoin exchange rose by 7.9% to $52.78 billion at the close of the trading session. Coinbase shares increased to $207.22, remaining below the December peak of $343. Since the beginning […]

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ForkLog 11 10.05.2025

Coinbase Abandons Strategy Approach Due to Risks

Over the years, Coinbase considered investing a significant portion of its reserves in Bitcoin, following the example of Strategy. However, the idea was abandoned due to risks, reports Bloomberg, citing the co-founder and head of the firm, Brian Armstrong. “Over the last 12 years, there were definitely moments when we thought: ‘Should we invest 80% […]

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ForkLog 32 09.05.2025

Fraudsters Steal $45 Million from Coinbase Clients in a Week

In the past week, fraudsters have stolen $45 million from Coinbase users through social engineering tactics, reported on-chain investigator ZachXBT. “Over several months, I have documented thefts amounting to hundreds of millions of dollars. No other major crypto exchange has similar vulnerabilities,” stated the expert. According to ZachXBT on February 3, this is part of […]

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ForkLog 18 08.05.2025

Coinbase Strikes $2.9 Billion Deal to Acquire Deribit

Cryptocurrency exchange Coinbase has agreed to acquire Deribit, the largest platform for trading Bitcoin options. The deal is valued at $2.9 billion, sources confirmed to WSJ. This acquisition will strengthen the position of the largest American crypto company in the derivatives market, where it has so far lagged behind Binance and OKX. Deribit accounts for […]

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ForkLog 61 07.05.2025

Coinbase Unveils Payment Technology for AI Agents

Coinbase has introduced the x402 tool for online payments. It is designed for transferring stablecoins via standard internet protocols, enabling AI agents to conduct autonomous transactions. x402 is fixing the internet’s first mistake. Onchain payments are now easy and frictionless, opening new use cases for agentic commerce for API providers, context retrieval protocols, content creators, […]

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ForkLog 11 23.04.2025

Coinbase to Establish Office in North Carolina, Hiring Over 130 Staff

Coinbase plans to hire more than 130 specialists for a new office in Charlotte, North Carolina. A representative of the cryptocurrency exchange confirmed the plans in a comment to Cointelegraph. The company aims to recruit locals for roles in regulatory compliance and customer support, with the hiring process to be completed within six months. A […]

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ForkLog 9 22.04.2025

Coinbase Explores US Federal Banking License

Coinbase is contemplating applying for a US federal banking license. A representative of the exchange confirmed these plans in a comment to Cointelegraph. However, the spokesperson noted that no official decision has been made by the company yet. According to WSJ, several major crypto firms, such as stablecoin issuer Circle, custodian BitGo, and blockchain infrastructure […]

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ForkLog 9 19.04.2025

Oregon Follows Gensler’s Lead with Lawsuit Against Coinbase

Oregon’s Attorney General, Dan Rayfield, has filed a lawsuit against the cryptocurrency exchange Coinbase, alleging violations of securities laws. Today the Oregon Attorney General is resurrecting the dead by bringing a copycat case of @SECGov‘s enforcement action against Coinbase. As a reminder, the SEC dismissed that case with prejudice. This type of political jockeying is […]

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