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Last week, while bitcoin ranged in place, Ethereum soared, Coinbase announced great and terrible news, and a Chinese firm released BTC acquisition plans. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Bitcoin Ranged as the Rest of … Read more
Coinbase Asset Management (CBAM) President Sebastian Pedro Bea discussed the launch of the Bitcoin Yield Fund, designed to offer institutional investors a conservative yield on long bitcoin positions with minimized risk. He also explores evolving institutional attitudes, the impact of bitcoin ETFs, and how macroeconomic trends are accelerating crypto adoption as a strategic store-of-value asset. … Read more
A filing with the Office of Maine’s Attorney General discloses that Coinbase identified 69,461 users impacted by a data breach exposing sensitive details, such as home addresses and phone numbers. 69,461 User Records Stolen in Coinbase Hack Last week, Coinbase revealed that hackers had infiltrated customer records by bribing overseas support staff. The assailants allegedly … Read more
Reporting by Fortune says the stablecoin issuer is currently in talks with Coinbase about a potential acquisition even as it gears up for an initial public offering (IPO). Could a Coinbase-Circle Deal Reshape Crypto’s Stablecoin Landscape? It’s no secret that Circle, the giant stablecoin issuer behind USDC, recently filed paperwork with regulators in April as … Read more
Michael Arrington, co-founder of Arrington Capital, a Web3 venture capital company that has invested in over 200 projects since 2017, has severely criticized the recent data leak involving Coinbase’s customers. Arrington, also a Coinbase investor, stated that the human cost of this mistake will be much higher than the $400 million said to be reimbursed … Read more
The U.S. Justice Department has reportedly initiated a criminal probe into a security incident at Coinbase Global Inc., the nation’s premier cryptocurrency exchange, as disclosed by a Bloomberg source with knowledge of the situation. Intruders corrupted customer support staff and third-party contractors in India, gaining illicit access to sensitive user information. Following the breach, the … Read more
Coinbase will provide cryptocurrency trading, custody, and staking services to Webull Pay through its Crypto-as-a-Service (CaaS) platform starting in June 2025, the two companies announced Friday. Coinbase to Provide Backend Crypto Services for Webull Pay Under the agreement, Webull Pay gains access to Coinbase’s institutional-grade infrastructure, including custody solutions, advanced trading systems, and support for … Read more
The New York Times (NYT) reported Thursday that the Securities and Exchange Commission is investigating whether Coinbase misrepresented its now-discontinued “verified user” metric in past disclosures, according to David Yaffe-Bellany and Matthew Goldstein. The probe, citing over 100 million users in filings until 2023, began under the Biden administration and continues under President Trump’s SEC, … Read more
Coinbase suffered a data breach after bribed overseas support agents enabled access to sensitive user data. A $20 million reward fund has been set up to aid the investigation. Hackers Bribe Support Staff to Steal Coinbase User Data in Stealth Attack Crypto exchange Coinbase (Nasdaq: COIN) disclosed on May 15 that a group of bribed … Read more
What is HTTP 402, and why does it matter? The web was not really built with payments in mind, especially not for autonomous agents or machines. But with the rise of AI and decentralized finance (DeFi), the need for seamless, native digital payments has never been more urgent. Coinbase x402 announced a new open protocol … Read more