UK’s Coinbase subsidiary fined $4.5 Million for high-risk customer breaches
CB Payments Limited (CBPL) a subsidiary the Coinbase Group fined $4.5 million by FCA for onboarding high-risk customers. Breaches occurred despite a 2020 agreement to halt onboarding high-risk customers. This…
Genesis Trading has moved 12.6k BTC to Coinbase, signaling start of asset liquidations
Genesis Trading has transferred 12,600 BTC ($719.9M) to Coinbase, possibly for asset liquidations. Resent settlement with NY requires $2B repayment, impacting Genesis’ financial strategy. The BTC transfer suggests Genesis aims…
Coinbase files for LINK, SHIB, AVAX, XLM, and DOT futures
Coinbase files with CFTC to list futures for five altcoins. The five altcoins futures include DOT, SHIB, XLM, AVAX, and LINK. Trading for these futures to begin on or after…
Bitcoin wobbles on sell fears as US moves $240M worth of Bitcoin to Coinbase address
The US government seized 3,940 Bitcoin (worth $240 million) from a Silk Road vendor after a trial in January 2024. The wallet tagged to the US government just moved all…
US government transfers 3,940 BTC worth $241 million to Coinbase
US government moved 3,940 Bitcoin (BTC), which was worth over $241 million at the time, to Coinbase. This comes amid another sell-off by the German government, which has sold BTC…
New Coinbase Smart Contract Wallet eliminates gas fees and recovery phrases
Coinbase has launched a Smart Contract Wallet with simpler onboarding and no gas fees. The smart contract wallet supports Ethereum, BNB, Polygon, and others for seamless transactions. Developers using the…
Coinbase relists XRP trading in New York
Coinbase chief legal officer Paul Grewal announced on Thursday that the exchange now allows for XRP trading in New York. XRP price rose slightly immediately after the news. Coinbase now…
Coinbase partners with Lightspark for Bitcoin Lightning Network integration
Coinbase’s partnership with Lightspark for Bitcoin Lightning Network integration enhances transaction efficiency. Lightspark’s advanced technology streamlines Lightning Network access, offering low-cost BTC transfers. The collaboration empowers Coinbase with reliable, scalable…
Judge rules SEC can proceed with case against Coinbase
Judge rules SEC vs. Coinbase case to proceed. US District Judge Kathrine Failla however granted Coinbase’s motion on its wallet. A federal judge has ruled that the US Securities and…
Coinbase stock rises as Bitcoin goes back above $70k mark
Coinbase stock surges 9% to $280.79. Bitcoin has soared by 8.60% in 24 hours to trade at $70,555.18 at press time. Decreasing Bitcoin supply and bullish projections, like $150k by…