Hackers exploit MFA flaw to steal from 6,000 Coinbase customers — report
Malicious actors reportedly took advantage of Coinbase’s SMS account recovery process to gain access to user funds. Go to Source Powered by WPeMatico
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Coinbase to Add Direct Deposit Feature — US Paychecks Can Soon Be Converted to Crypto
On September 27, the digital currency firm Coinbase announced that U.S. customers will soon be able to directly deposit their paycheck into their Coinbase accounts. With the new direct deposit feature, Coinbase customers can leverage their funds to make investments, generate yield, or add value to their Coinbase prepaid debit card. US Coinbase Customers Will … Read more
China’s Great Firewall Censors Crypto Websites Coingecko, Coinmarketcap, Tradingview
On September 28, reports stemming from social media and crypto-focused forums detailed that China has been blocking a number of cryptocurrency websites. The Twitter handle for 8btc News tweeted that the web portals coinmarketcap.com and coingecko.com have been blocked from mainland China. The ‘Great Firewall,’ as it is often called, has also blocked a number … Read more
Coinbase users can choose to deposit paychecks directly to accounts
Customers will have the option to deposit “as much or as little” of their paychecks as they want in the feature rolling out in the next few weeks. Go to Source Powered by WPeMatico
Former Ethereum Dev Virgil Griffith Pleads Guilty to North Korea Charge, Enters Plea Deal for 6.5 Years: Report
On September 27, 2021, at the Southern District of New York courthouse, the trial against former Ethereum developer Virgil Griffith started at 9:30 a.m. (EST). Griffith was facing 20 years behind bars for discussing blockchain technology in North Korea. Around 10:30 a.m., Griffith pleaded guilty and accepted a plea deal with up to six and … Read more
Derivatives DEX dYdX beats out Coinbase by volume amid China FUD
Chinese traders appear to be flocking to derivatives DEX dYdX amid concerns over a renewed crypto crackdown in China. Go to Source Powered by WPeMatico
USDC Market Capitalization Hits $30 Billion — Stablecoin Adds $10 Billion in 4 Months
As of September 25, 2021, there’s $129.3 billion worth of stablecoin assets in existence which represents 6.54% of the crypto economy. The second-largest stablecoin by market valuation, USDC, has seen its capitalization increase a great deal, rising more than $10 billion in 125 days. Since May, USDC’s Market Cap Increased by 54% In recent times, … Read more
U.S. government goes to court seeking to forfeit almost $10 million in USDT purportedly stolen by fake Coinbase representative
In April, sharing their Coinbase account credentials with a fraudster had cost a California resident more than $11 million. Now, there might be recourse. Go to Source Powered by WPeMatico
SEC is ‘open to discussion’ when it comes to crypto: Kraken chief lawyer
Kraken’s Marco Santori points to the adversarial stance taken by some crypto firms towards regulators. Go to Source Powered by WPeMatico
SEC was the only regulator not willing to meet with Coinbase: Brian Armstrong:
Coinbase CEO Brian Armstrong has stated that SEC won’t meet with the firm, while asserting the 50% of Washington officials are concerned over the risks of crypto. Go to Source Powered by WPeMatico