Coinbase faces legal setback as judge allows shareholder lawsuit to proceed
Judge allows parts of Coinbase’s shareholder lawsuit to proceed on negligence claims. Plaintiffs allege Coinbase misled about regulatory risks; some claims dismissed. Coinbase remains confident and committed to defending against…
Devs demonstrate AI to AI crypto transactions on Coinbase Developer Platform
Coinbase saw its first AI-to-AI crypto transaction using AI tokens on its developer platform. The AI agents used crypto wallets to transact with AI tokens, bypassing traditional finance. This marks…
US government transfers $590M worth of Silk Road seized Bitcoin to Coinbase
The US has reportedly moved 10,000 BTC seized from Silk Road to Coinbase. The government still holds 203,200 BTC, valued at around $12B. Future sales by the US could impact…
Coinbase expands crypto services to Hawaii following a regulatory shift
Coinbase expands services to Hawaii after regulatory changes ease restrictions. Hawaii residents can now buy, sell, and stake crypto with up to 12% APY on Coinbase. Coinbase still faces legal…
Coinbase and MicroStrategy climb as Bitcoin reclaims $59k
Coinbase and MicroStrategy stocks rose 6% and 7% respectively as Bitcoin surged to above $59,000. Analysts say crypto markets may be choppy amid potential bearish catalysts. Coinbase and MicroStrategy stocks…
Coinbase, Google veterans secure $5M to build ‘blockchain’s LinkedIn’
Icebreaker, an open professional network co-founded by Coinbase and Google veterans, has raised $5 million in a seed round to build the blockchain’s version of LinkedIn. Dan Stone and Jack…
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…