Coinbase | ForkLog

ForkLog 6 23.10.2024

Coinbase Users Suffer $100-150 Million Loss from Scams, Estimates ZachXBT

In the past year, users of the cryptocurrency exchange Coinbase have incurred losses ranging from $100 million to $150 million due to phishing and social engineering scams. This estimate was provided by on-chain researcher ZachXBT. Have not seen numbers publicly reported anywhere before but I estimate Coinbase support social engineering / phishing scams have resulted […]

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ForkLog 11 19.10.2024

Indian National Sentenced to Five Years for $20 Million Coinbase Fraud

Indian citizen Chirag Tomar has been sentenced to five years in prison for orchestrating a $20 million cryptocurrency fraud involving a fake website of the bitcoin exchange Coinbase. Court documents reveal that from at least June 2021 to December 2023, Tomar and his accomplices stole cryptocurrency from hundreds of victims through a counterfeit version of […]

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ForkLog 6 16.10.2024

Coinbase Observes Cryptocurrency Market Reaching ‘Maturity’

In 2024, the digital asset market has reached ‘significant maturity’ due to increased trading volumes and on-chain activity, alongside billions of dollars flowing into crypto ETFs. This is highlighted in a report by Coinbase and Glassnode. Experts noted the accelerated popularization of stablecoins and Layer 2 solutions for the second-largest cryptocurrency by market capitalization. In […]

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ForkLog 1 05.10.2024

Coinbase to Restrict Access to Certain Stablecoins in the EU

Coinbase users in the European Union will lose access to stablecoins that do not comply with the MiCA legislation. This was reported by The Block, citing a statement from the cryptocurrency exchange. “Given our compliance obligations, we intend to restrict services to users in the [EEA] for stablecoins that do not meet MiCA requirements by […]

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ForkLog 69 04.10.2024

Coinbase Premium Approaches ‘Golden Cross’, Indicating Potential Bitcoin Recovery

The conditions for the formation of a ‘golden cross’ in the Coinbase premium suggest a potential short-term recovery in Bitcoin prices, according to CryptoQuant. The Coinbase premium is often used as an index of retail investor demand in the United States—the higher the value, the greater the buying pressure. Experts analyzed the metric on an […]

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ForkLog 21 01.10.2024

Former Coinbase Employee Accused of Code Theft for AI Project

Users have accused former Coinbase employee Matthew Duke Pan of stealing code and unlawfully altering another company’s license to create the AI project PearAI, according to Protos. Pan claims he earned $270,000 annually at Coinbase. He left, started working on PearAI, and secured $500,000 in funding from the startup accelerator program YCombinator (YC). On September […]

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ForkLog 2 27.09.2024

Bitcoin Surpasses $66,000 as Coinbase Premium Signals Retail Demand

On September 26, the Coinbase premium reached a two-week high, indicating bullish sentiment. This was noted by CryptoQuant’s Head of Research, Julio Moreno. Higher demand in the US made Bitcoin rallied today towards $65K. The Coinbase premium increased to the highest level in two weeks. pic.twitter.com/YhJItIGNvY — Julio Moreno (@jjcmoreno) September 27, 2024 This metric […]

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ForkLog 36 22.09.2024

Coinbase to Introduce Wrapped Bitcoin cbBTC on Solana Network

Coinbase Singapore’s Director, Hassan Ahmed, has announced the cryptocurrency exchange’s plan to launch wrapped Bitcoin, cbBTC, on the Solana blockchain. Bitcoin ? Solana Just in from Breakpoint: @Hassan_NY announced that @coinbase plans to bring cbBTC to Solana! pic.twitter.com/e1UdoUDgbY — Solana (@solana) September 21, 2024 He did not specify an exact date or timeframe for the […]

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ForkLog 29 12.09.2024

Coinbase Introduces Wrapped Bitcoin Token

On September 12, the cryptocurrency exchange Coinbase launched Coinbase Wrapped BTC (cbBTC), a wrapped version of Bitcoin (1:1) in the form of an ERC20 token. This was announced in the platform’s blog. “With cbBTC, we continue to expand economic freedom by providing users with more ways to use their Bitcoin,” the company clarified. According to […]

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ForkLog 7 05.09.2024

Kamala Harris Embraces Cryptocurrency Donations via Coinbase

Coinbase’s Chief Financial Officer, Alesia Haas, announced that U.S. presidential candidate Kamala Harris is utilizing the exchange’s payment platform to accept digital asset donations for her campaign, as reported by Fortune. A representative from the exchange clarified to the publication that the political action committee (PAC) Future Forward USA has initiated collaboration with Coinbase Commerce. […]

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ForkLog 13 31.08.2024

Coinbase Facilitates First AI-to-AI Cryptocurrency Transaction

One AI agent purchased AI tokens from another using digital assets, according to Brian Armstrong, CEO of the cryptocurrency exchange Coinbase. https://t.co/0rn55uLf3n — Brian Armstrong (@brian_armstrong) August 30, 2024 “What did one AI buy from another? Tokens! Not crypto tokens, but AI tokens. They used tokens to buy tokens,” the publication states. Armstrong emphasized that […]

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ForkLog 14 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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