A federal judge in California has denied BiT Global Digital Ltd.’s request for a temporary restraining order (TRO) to prevent crypto exchange Coinbase from delisting wrapped Bitcoin (wBTC) from its platform. US District Judge Araceli Martínez-Olguín ruled Wednesday that BiT Global failed to present sufficient evidence to demonstrate “imminent irreparable harm” if the delisting proceeds....Read More
Coinbase has issued a rebuttal to a lawsuit by BiT Global, a Justin Sun-affiliated entity, challenging the exchange’s decision to delist Wrapped Bitcoin (WBTC). Paul Grewal, the firm’s Chief Legal Officer, announced the filing on X, saying that his company had offered its response to BiT Global’s effort to stop the delisting of WBTC before...Read More
Bitcoin’s price decline, triggered by a selling spree in the crypto market, hasn’t dampened institutional interest. CryptoQuant’s latest insights show the Coinbase Premium climbing, reflecting robust US investor activity during this volatile phase. Coinbase Premium Jumps The Coinbase Premium, a metric that tracks the percentage difference between Bitcoin’s price on Coinbase Pro and Binance, has...Read More
Coinbase has responded to allegations of unjust account restrictions following weeks of heated discourse on X. The exchange’s support account, @CoinbaseSupport, posted a detailed thread addressing the situation. Support Clears Out the FUD The controversy began after several users on X shared screenshots showing notices from Coinbase indicating transaction restrictions. One user tagged Sean Clarke,...Read More
Tyler Winklevoss, co-founder of the Gemini crypto exchange, has declared that his company will adopt the same policy as Coinbase, cutting ties with any law firms or entities that hire former U.S. Security and Exchange Commission (SEC) officials associated with alleged overreach against the digital asset industry. His decision comes in the wake of Coinbase...Read More
For the first time, Bitcoin has crossed the $100,000 mark after struggling for two weeks due to significant profit-taking. Institutional demand has played a key role in driving the market’s momentum and subsequently helping the world’s largest cryptocurrency to hit the milestone. According to CryptoQuant, the Coinbase Premium Index spiked, depicting sustained buying pressure from...Read More
“Coinbase just locked my account after trying to send $25,000 USDC,” reported Ethereum developer Eric Connor on Dec. 3. “Wasn’t Brian Armstrong just talking about debanking? Very cool!” he quipped. He added that the notification was “completely useless” as both paths to unlock the account required him to sign in, which he couldn’t do. “Service...Read More
Coinbase CEO Brian Armstrong announced a bold stance against law firms hiring individuals associated with what he views as ethically questionable actions during the SEC’s “soon-to-be prior administration.” Armstrong revealed that the crypto exchange has already informed its legal partners that employing such individuals would result in the termination of their professional relationship with the...Read More
Base, the Coinbase-incubated Ethereum Layer 2, has experienced tremendous growth since it launched its mainnet on August 9, 2023. According to Delphi Digital’s latest report shared with CryptoPotato, in 2024 alone, daily transactions on Base have soared by 1,600%, climbing from 372,000 at the start of January to over 6.63 million in October. This makes...Read More
American crypto exchange Coinbase will stop offering rewards to holders of the USD Coin (USDC) stablecoin located in the European Economic Area (EAA) on November 1. In a note to clients, the exchange explained that the move had been triggered by “new requirements for e-money tokens” that are expected to come into effect with the...Read More
Coinbase’s decision not to support Celo’s migration from a Layer 1 blockchain to a Layer 2 solution on Ethereum has sparked significant debate within the crypto community. In a recent announcement, Coinbase urged users to withdraw their CGLD (Celo L1) tokens by January 13, 2025, to avoid losing access to their funds. The migration, planned...Read More
Ripple Labs has announced a $25 million contribution to the cryptocurrency-focused Fairshake political action committee (PAC). This latest injection increases Fairshake’s total war chest for the upcoming 2026 congressional elections to $103 million. Ripple’s Support The donation follows Fairshake’s influential role in the 2024 elections, where it emerged as the largest PAC of the cycle....Read More
Wrapped Bitcoin’s (wBTC) team has expressed surprise and disappointment at Coinbase’s decision to delist the token. In a statement shared on X, it urged the crypto exchange giant to reconsider this decision and continue supporting the trading of the token. The team said the token has positioned itself as a decentralized and transparent wrapped BTC...Read More
Coinbase CEO Brian Armstrong is reportedly set to hold a private meeting with President-elect Donald Trump to discuss key personnel appointments. According to the Wall Street Journal, Trump’s transition team facilitated the meeting. It could potentially shape decisions on critical roles that impact the crypto industry, including the Treasury Secretary and the chair of the...Read More
American crypto giant Coinbase has seen a resurgence in its stock price, climbing past the $300 mark for the first time since 2021. The rally was also witnessed in the stock of enterprise analytics firm and major Bitcoin (BTC) holder MicroStrategy, whose price hit a record high after surging to $344. Both developments followed a...Read More
The cryptocurrency sector has notched a notable milestone in the just-concluded U.S. election, with more than 90% of industry-backed candidates sweeping through Congressional races. The performance comes after crypto Political Action Committees (PACs) raised more than $238 million for the candidates through corporate contributions and personal donations from major players in the space. Impressive Wins,...Read More
Coinbase has announced the expansion of its wrapped Bitcoin product, cbBTC, to the Solana blockchain. Originally launched in September, cbBTC was initially available only on Ethereum and Coinbase’s native Layer 2 Base blockchain. Now on Solana, it will exist as a Solana Program Library (SPL) token, which can represent both fungible and non-fungible assets. Coinbase’s...Read More
Donald Trump’s win triggered massive gains for not just digital assets but also crypto-related stocks, and ETF flows on November 6 and 7 as stakeholders await potential regulatory clarity, legislative advancements, and expected shifts within the Securities and Exchange Commission. Following the results, data showed billions worth of ERC-20 stablecoins flowing into exchanges. This could...Read More
Bitcoin smashed its previous record to briefly surge past a new peak of $75,000 as Donald Trump is all set to become the 47th President of the United States. Amidst what is being considered a massive victory for the crypto industry, the Coinbase Premium Index experienced a positive spike, indicating a potential surge in demand...Read More
The FTX collapse of November 2022 continues to serve as a stark reminder of the necessity for rigorous asset monitoring. This event catalyzed a shift toward transparency, with crypto exchanges now disclosing more about their reserves and user fund management. As November 6th marks two years since the collapse, only Bitfinex and Binance witnessed their...Read More
Binance co-founder Yi He has spoken to recent speculation about listing fees on the platform, assuring the community that it operates with transparent policies. The address came in response to allegations by Moonrock Capital CEO Simon Dedic of costly listing fees on Binance. Binance Accused of Charging Exorbitant Fees for Crypto Listing On October 31,...Read More
On Oct. 30, the largest crypto exchange in the United States reported that its quarterly revenue for Q3 was $1.2 billion, down 17% from the previous quarter. In its shareholder letter, the firm reported $75 million in net income and a seventh consecutive quarter of positive Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization),...Read More
In an announcement on Oct. 29, international credit giant Visa unveiled the partnership enabling real-time money movement between traditional banking and crypto services using the Visa Direct network. “This partnership adds convenience and new services for Coinbase customers across the US and EU, including real-time, reliable, and secure money movement,” it stated. Visa’s head of...Read More
Ethereum is currently facing a short-squeeze risk as depicted by the rising Estimated Leverage Ratio (ELR) which acts as a crucial indicator of market sentiment. As the ELR has increased over the past few months, it reflects a growing number of traders adopting high-leverage short positions. Ethereum Faces Short-Squeeze Risk CryptoQuant data, as shared by...Read More
Chirag Tomar, a 31-year-old Indian citizen, was sentenced to five years in federal prison for orchestrating a cryptocurrency fraud scheme that defrauded hundreds of victims out of more than $20 million. U.S. District Judge Kenneth D. Bell handed down the sentence, which also included two years of supervised release. Scammers Imitate Coinbase to Steal Millions...Read More
Kraken announced the launch of its own wrapped Bitcoin token custodied by the crypto exchange. Dubbed ‘Kraken Bitcoin (kBTC),’ the new product is a fully backed, cross-network-compatible ERC-20 representation of Bitcoin. According to the official blog post, kBTC is held at the cryptocurrency exchange’s Wyoming-chartered Special Purpose Depository Institution (SPDI) – Kraken Financial. kBTC is...Read More
Coinbase has announced a significant update for its users, enabling them to send Bitcoin to Taproot addresses on October 8th. This integration expands Taproot’s accessibility, enhancing privacy, scalability, and security. With the latest support, Coinbase has joined prominent crypto exchanges such as Binance, OKX, and Kraken. In its tweet, the crypto exchange stated, “We’re pleased...Read More
Base, the Ethereum layer-2 protocol developed by crypto exchange Coinbase, has recently witnessed a surge in its activities, resulting in a significant increase in its daily active addresses. According to data from the on-chain analytics platform IntoTheBlock, the increase in Base’s daily active addresses can be linked to the launch of Coinbase Wrapped Bitcoin (cbBTC)...Read More
A cryptocurrency trader has made headlines by securing a profit of $131.72 million through a strategic investment in Ether (ETH). This notable trade was made during the 2022 bear market, after which the individual held onto the assets through volatile market conditions. The Investors Strategy Blockchain analytics firm Lookonchain has identified an Ether address that...Read More
Paul Grewal has addressed recent concerns regarding the terms of service for Coinbase’s newly launched cbBTC, a wrapped Bitcoin product. The concerns arose after claims suggested that the exchange would not fully reimburse users for Bitcoin lost due to malicious activity or unforeseen events. Limited Liability Concerns The issue was first raised by an X...Read More
