Coinbase | ForkLog

ForkLog 11 18.12.2024

Coinbase Cites Justin Sun Concerns in WBTC Delisting Decision

The delisting of WBTC was deemed a necessary measure to protect Coinbase and its users from risks associated with the project’s ties to Tron founder Justin Sun. This was stated by the exchange’s lawyers on December 17, as per their announcement. According to the platform’s latest arguments, the issue lies in the token’s connection to […]

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ForkLog 60 13.12.2024

From Programmer to Crypto Billionaire: Who Is Brian Armstrong?

Who Brian Armstrong is, and his path from programmer to crypto billionaire.

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ForkLog 64 11.12.2024

Hacker Steals $15.97 Million from Coinbase Commerce

In April 2024, an account belonging to an unnamed merchant on Coinbase Commerce executed a series of suspicious USDC transactions totaling $15.97 million. According to online sleuth ZachXBT, the funds were stolen by a hacker. 1/ Earlier this year in April 2024 a Coinbase Commerce contract saw $15.9M of suspicious outflows indicating a merchant had […]

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ForkLog 20 10.12.2024

Stablecoin Market Capitalization Surpasses $200 Billion

The combined market capitalization of stablecoins has reached $204 billion, marking a 3% increase over the past seven days. Coinbase attributed this trend to a sharp rise in on-chain lending rates. USDT ($138.45 billion) accounts for 67.8% of the total token supply. The share of USDC is 19.9% ($40.69 billion). Data: CoinGecko. “[The increase in […]

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ForkLog 8 09.12.2024

Coinbase Dismisses Account Ban Concerns as FUD

Coinbase representatives have urged clients to disregard social media reports about sudden account bans. 1/ There’s a lot of FUD/misinformation out there about Coinbase restricting accounts. — Coinbase Support (@CoinbaseSupport) December 8, 2024 The support team assured that there is only a “slight increase in the number of restricted accounts” following a surge in users. […]

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ForkLog 15 07.12.2024

FDIC Pressured Banks to Halt Crypto Activities, Coinbase Reveals

Coinbase disclosed FDIC letters urging banks to suspend cryptocurrency operations. The largest US crypto exchange accuses regulators of attempting to restrict the industry’s access to banking services, seeking details through the courts. Documents obtained by Coinbase indicate that in March 2022, the FDIC urged financial institutions to temporarily halt activities related to crypto assets. This […]

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ForkLog 12 03.12.2024

Coinbase Severs Ties with Law Firms Employing Former SEC Officials

The American company Coinbase will cease working with law firms that have hired former SEC employees who opposed cryptocurrencies, according to CEO Brian Armstrong. We’ve let all the law firms we work with know, that if they hire anyone who committed these bad deeds in the (soon to be) prior administration, we will no longer […]

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ForkLog 9 02.12.2024

Coinbase Foresees Swift Adoption of Cryptocurrency Legislation

Following Donald Trump’s victory, the swift approval of cryptocurrency legislation is anticipated. This was stated by Coinbase’s policy chief, Faryar Shirzad, in an interview with CNBC. “We have the most pro-crypto Congress in history. We have an extremely pro-crypto elected president. This combination should finally allow 50 million Americans who own digital assets to have […]

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ForkLog 13 29.11.2024

Coinbase Faces Monopoly Allegations After Refusing to Support Celo’s Migration to Layer 2

The cryptocurrency exchange Coinbase will not support the transition of the Celo L1 blockchain to the Ethereum ecosystem as a Layer 2 solution, scheduled for January 16, 2025. The Celo L1 blockchain (Coinbase ticker: CGLD) is migrating to Celo L2 on January 16, 2025. Coinbase will not support the migration. Due to migration by hard […]

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ForkLog 32 29.11.2024

Coinbase to Halt USDC Rewards in EU Due to MiCA Regulations

On December 1, 2024, Coinbase will cease its rewards program for USDC holders in the EU, as announced in a client letter dated November 28. MICA is kicking in -> Sunsetting USDC Rewards in the EU Due to MiCA @coinbase @circle pic.twitter.com/8GCGlpt8Xd — Marina Markezic (@MarinaMarkezic) November 28, 2024 Under this program, Coinbase clients earn […]

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ForkLog 12 20.11.2024

Coinbase to Delist WBTC Amid Launch of Its Own Wrapped Bitcoin

The cryptocurrency exchange Coinbase has announced the cessation of trading in Wrapped Bitcoin (WBTC) on December 19. We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent review, Coinbase will suspend trading for wBTC (wBTC) on December 19, 2024, on or around 12pm ET. — […]

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ForkLog 68 20.11.2024

ZachXBT Traces Portion of $6.5 Million Stolen from Coinbase Client

In October, a client of the cryptocurrency exchange Coinbase in the United States fell victim to a scammer who used social engineering to steal $6.5 million. On-chain detective ZachXBT assisted the victim in tracing part of the assets. 1/ An investigation into the social engineering scammer Ronaldd (Ronald Spektor) who allegedly helped steal $6.5M last […]

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