Coinbase introduces wrapped staked ETH asset ahead of the Merge
“Our hope is that cbETH will achieve robust adoption for trade, transfer, and use in DeFi applications,” said the crypto exchange. Go to Source Powered by WPeMatico
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Plaintiff in Coinbase lawsuit raises issues of account lockouts, crypto as a security
A Coinbase user claimed the crypto exchange “boldly flouts federal and state laws” by not completing the proper registration as a securities exchange in the United States. Go to Source Powered by WPeMatico
Paypal adds to list of crypto heavy hitters on the TRUST network
Paypal has stepped up its regulatory compliance by joining TRUST to streamline its reporting requirements relating to the digital assets “travel rule.” Go to Source Powered by WPeMatico
Celsius Network coin report shows a balance gap of $2.85 billion: Finance Redefined
Majority of the DeFi tokens traded in red with several registering double digit losses over the past week. Go to Source Powered by WPeMatico
Coinbase Could Be a Material ‘Beneficiary’ of Ethereum’s Merge Transition, JPMorgan Analyst Says
JPMorgan analyst Kenneth Worthington says digital currency exchanges like Coinbase will end up being a meaningful “beneficiary” of Ethereum’s long-awaited transition from proof-of-work (PoW) to proof-of-stake (PoW). Based on $2K ethereum prices and a 5% ethereum yield, Worthington explained that The Merge could boost Coinbase’s annual income by $80 to $100 million from staking services. … Read more
Bitcoin Price Rejects $25K, as Cryptocurrency Markets Continue to Lose Momentum
After peaking at $25k on Sunday, continuing to trade sideways in the $24k range, and now falling to the $23k level, Bitcoin is struggling to hold current support as trading volume continues to decline. While the cryptocurrency market remains above the $1 trillion market cap range, BTC and ETH are seeing single-digit-percent losses this week … Read more
Study: Insider trading occurs in 10% to 25% of cryptocurrency listings
The study found abnormal levels of return in a sample of tokens just before their listing announcement on Coinbase. Go to Source Powered by WPeMatico
Coinbase will ‘briefly pause’ ETH and ERC-20 token deposits and withdrawals during Ethereum merge
The crypto exchange also warned users against scammers offering ETH2 tokens, saying users did not need to take additional action to receive staked ETH prior to the Merge. Go to Source Powered by WPeMatico
Bitcoin Price Struggles to Hold Support as Trading Volume Rises
After a bullish rally last week and a weekend of sideways trading, Bitcoin price is struggling to hold the $24k support level this Monday as trading volume shows a substantial increase. Bitcoin is trading at $24,090, with a 24-hour trading volume increase of 50%. Ethereum’s price dipped below $1,900 this Monday, with its market cap … Read more
Netskope Discovers Hackers Are Using Google Sites and Microsoft Azure to Steal Crypto
Attackers are taking advantage of certain SEO techniques to direct users to phishing sites for wallet apps like Metamask and exchanges such as Coinbase and Kraken. These sites, created in Google Sites and Microsoft Azure, fool users into introducing their personal information, allowing malevolent entities to siphon their funds from these services, according to Netskope. … Read more