Coinbase | ForkLog

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 18 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 20 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 10 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 17 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 42 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 16 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 84 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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ForkLog 17 17.11.2024

Coinbase CEO Advocates for U.S. Government Efficiency and Reduction

Brian Armstrong, the head of cryptocurrency exchange Coinbase, has endorsed the creation of the U.S. Department of Government Efficiency (DOGE) and called for a reduction in the size of the government. . @DOGE is a once in a lifetime opportunity to increase economic freedom in the U.S. and cut the size of government back to […]

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ForkLog 13 12.11.2024

MicroStrategy Shares Hit Record High, Coinbase Reaches Peak Since November 2021

On November 11, MicroStrategy’s stock price reached a new all-time high of $351.73, marking a year-to-date growth of 438.3%. The surge was driven by a cryptocurrency market rally following Donald Trump’s victory in the U.S. presidential election. Daily chart of MSTR. Data: Finviz. MicroStrategy’s market capitalization jumped by 25.7% to $68.9 billion. According to Bloomberg […]

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ForkLog 23 08.11.2024

Coinbase Introduces cbBTC on Solana Network

The American exchange Coinbase has launched the tokenized bitcoin cbBTC on the Solana network. The bitcoin premium on the exchange turned positive for the first time in weeks, indicating growing demand among American investors. The increase in demand is also evidenced by the rise in open interest in the futures and options markets. Coinbase has […]

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ForkLog 54 04.11.2024

Justin Sun Reveals Coinbase’s Listing Fees

The cryptocurrency exchange Coinbase requested 500 million TRX (~$80 million) and a $250 million bitcoin deposit from Tron founder Justin Sun for a listing. The businessman disclosed this on X. Binance charged us $0. Coinbase required us to pay 500 million TRX (worth $80 million) and demanded a $250 million BTC deposit in Coinbase Custody […]

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