In the final days leading up to Ethereum’s historic “Merge,” the largest American cryptocurrency exchange has provided some insight into the risks associated with the upgrade. Coinbase’s Senior Protocol Specialist Ben Rodriguez explained that the Merge may come with technical and operational risks, alongside risks for miners and dapp users. Risks of the Merge Per...Read More
Blockchain company Amber Group will see a reduction of its workforce in the range of 5%-10% this year. The Singapore-headquartered firm has about 900 staff on its rolls, increasing from around 200 to 300 before the 2021 bull market. Reducing Headcount “We are currently reducing in roles that are lower in the priority given market...Read More
The U.S. Department of Justice released a statement on September 12 reporting that Nikhil Wahi, brother of ex-Coinbase product manager Ishan Wahi, pleaded guilty to committing cryptocurrency wire fraud using insider information sourced from his brother. Per the release, Nikhil Wahi faces up to 20 years of possible jail time. In addition, he will have...Read More
America’s largest cryptocurrency exchange is supporting a legal challenge against the U.S. Treasury Department following its sanctions against the privacy protocol Tornado Cash. The lawsuit’s plaintiffs include 6 individuals who have personally used the mixer, some of which include Coinbase employees. Defending Tornado’s Use Cases As reported by CNBC, Coinbase’s senior security risk analyst said...Read More
by Coinbase Cloud team Coinbase Cloud’s Solana Archival Nodes can examine historical address balances, run complex queries, and simulate the blockchain state at any given point in the chain’s history. Coinbase Cloud previously launched secure, dedicated Solana infrastructure nodes via Query & Transact, allowing builders to access and verify data and transaction information from the...Read More
On August 25, Coinbase, America’s leading cryptocurrency exchange, announced the launch of a crypto policy education initiative in the U.S. that will include a voter registration portal based on candidates’ positions on cryptocurrencies. According to Coinbase, the educational initiative will let users freely express themselves on the various political and regulatory issues in the U.S....Read More
By Faryar Shirzad, Chief Policy Officer Tl;dr: We’re launching our U.S. crypto policy education initiative today, which includes a voter registration portal, to respond to our community’s strong interest in learning more about where their representatives and candidates for public office stand on issues of importance to the crypto community, and in finding ways to...Read More
Coinbase has announced plans to add support for Coinbase Wrapped Staked ETH (cbETH) on the Ethereum network. The cryptocurrency exchange is allowing customers who stake ETH to receive a liquid representation of their staked-ETH – Coinbase Wrapped Staked ETH. cbETH is an ERC20 utility token that will be introduced right before the Ethereum blockchain’s Merge...Read More
Coinbase is being sued by one of its users for failing to keep its customers’ accounts accessible in periods of high market volatility. Acting on behalf of all Coinbase wallet and account holders, plaintiff George Kattula alleges that the exchange “does not properly employ standard practices to keep consumers’ accounts secure”. Unkept Promises at Coinbase?...Read More
Analysts of prominent investment bank JPMorgan believe that Coinbase will be meaningfully benefitted from the upcoming Merge. In a note to the clients on Wednesday, analyst Kenneth Worthington said that the San Francisco-based crypto exchange has taken concrete measures in a bid to maximize the value of ETH staking for its clients. This is expected to...Read More
Brian Armstrong – CEO of Coinbase – stated on Thursday that he would refuse to censor the Ethereum blockchain using his platform’s concentrated stake in the protocol. If compelled by the government to do so, he’d rather shut down the service. Armstrong made his intentions clear in response to an Ethereum developer’s question concerning the...Read More
Coinbase – the largest cryptocurrency exchange in the United States – will temporarily suspend Ethereum-based deposits and withdrawals during September’s “merge” upgrade. The exchange posted a blog post on Tuesday explaining what to expect from both Coinbase and Ethereum following the network’s long-awaited transformation. Ensuring a Smooth Transition Per Coinbase’s announcement, the suspension – which...Read More
TL;DR: Coinbase believes crypto will be part of the solution for creating an open financial system that is both more efficient and more equitable. We co-founded the Centre Consortium in 2018 to invest in the build of USDC, and since then it has become the second largest stablecoin by market capitalization. We firmly believe that...Read More
In June, Coinbase shared an earnings report that worried investors, citing market conditions as the primary reason behind the drop in figures. At the time, Coinbase representatives assured investors that the company faces no major issues and that it will focus on consolidation to ensure that future business prospects take a turn for the better....Read More
Leading American cryptocurrency exchange Coinbase has been hit with another lawsuit. This time, a group of investors claimed that the company made false and misleading statements, which caused its stock price (COIN) to plummet heavily between April 14, 2021, and July 2022 (Class Period). Coinbase went public on April 14, 2021, through a direct listing...Read More
Coinbase (COIN) shares are trading for $95.55 following the announcement of its partnership deal with Blackrock. That’s up 18% from Wednesday’s $80.81 close – adding to a mysterious momentum boost the stock has experienced since Wednesday. CryptoPotato reported on Thursday that BlackRock – the world’s largest asset manager – tapped Coinbase to help provide crypto...Read More
BlackRock, the world’s largest asset manager, is partnering with US crypto exchange giant Coinbase, to offer digital asset exposure to institutional clients. Coinbase announced the collaboration in a blog post on Thursday (August 4, 2022). According to the statement, institutional clients of BlackRock’s investment management platform Aladdin (Asset, Liability, Debt, and Derivative Investment Network) will...Read More
Coinbase former product manager Ishan Wahi who was accused of being involved in insider trading by U.S. authorities has pleaded not guilty to the charges. According to Reuters, Ishan Wahi pleaded not guilty in a Manhattan federal court on Wednesday (August 3, 2022). He is facing wire fraud charges following his involvement in an alleged...Read More
Tl;dr: Coinbase and BlackRock to create new access points for institutional crypto adoption by connecting Coinbase Prime and Aladdin By Brett Tejpaul, Head of Coinbase Institutional and Greg Tusar, Vice President, Institutional Product Over the past few years, Coinbase has played a central role in developing and strengthening crypto markets as the safest, most trusted...Read More
Leading cryptocurrency exchange Coinbase has launched Ether (ETH) staking service for institutional investors in the United States as the Ethereum network moves closer to the long-awaited Merge. This means that U.S. institutional investors can now join other institutional clients on Coinbase to stake ETH using Coinbase Prime accounts and claim their yield after the Merge,...Read More
Tl:dr: We’re launching Ethereum staking to US domestic institutional clients on Coinbase Prime. Using our industry-leading cold storage, clients can now generate yield by staking ETH. By Aaron Schnarch, Vice President of Product, Custody Fully-integrated staking on Coinbase Prime Coinbase Prime provides institutions with an end-to-end staking experience. Clients can create a wallet, decide how...Read More
Cathie Wood’s crypto investment firm ARK Invest has reportedly sold more than 1.4 million shares of Coinbase Global (COIN). As of Tuesday’s closing price, the shares amounted were worth around $75 million. Offloading Coinbase Shares According to a Bloomberg report, this is the first time that funds controlled by the investor had dumped COIN this...Read More
Coinbase (COIN) closed at $52.93 on Tuesday – 21% down from the day’s starting price of $61.74. It is now down 75% on the year, and 84% down from its all-time high. The decline is likely related to the Securities and Exchange Commission (SEC)’s newly revealed probe against the popular exchange. The regulator believes that...Read More
Coinbase Ventures’ Q2 report indicates that the overall deal activity declined along with the pessimistic sentiment taking reign in the broader market. The bearish market condition, however, did not change the firm’s investment thesis on infrastructural projects that demonstrate real utility as well as the burgeoning Web3 gaming sector. Deal Activity Dropped in Q2 Coinbase...Read More
by Brett Tejpaul, Head of Coinbase Institutional, and Elke Karskens, Head of EMEA Marketing We recently won the Best Prime Broker Award in Hedgeweek’s annual European Digital Assets Awards. This success not only underlines the strength of our platform and our integral role within the cryptoeconomy, particularly in terms of further enabling institutional engagement, but...Read More
On July 21, the U.S. Department of Justice filed an indictment against Ishan Wahi, a former Coinbase manager, and two other individuals for obtaining approximately $1.5 million through cryptocurrency insider trading on the Coinbase exchange. According to the Department of Justice, this is the first case of insider trading in the crypto industry. The defendants...Read More
By Paul Grewal, Chief Legal Officer Tl;dr: Coinbase does not list securities on its platform. Period. We have said it before, but given today’s events, it bears repeating. Earlier today, following a Department of Justice (DOJ) investigation into a former Coinbase employee’s misuse of confidential Coinbase information related to listing decisions, the Securities and Exchange...Read More
Third-largest Bitcoin whale has finally emptied its BTC holdings after demonstrating a long-term accumulation trend. As per BitInfoCharts, the whale bought a total of more than 207k BTC since 2019 before transferring all of it. The move coincided with Bitcoin posting gains for three straight days before topping $24,000, the highest level since mid-June. Over...Read More
Coinbase – the most popular crypto exchange in the US – says it held no exposure to now bankrupt crypto lending firms including Celsius, Voyager, and Three Arrows Capital. The company also detailed how it manages risk differently compared to these firms, arguing that its unlikely to mimic any similar liquidity crises. What Coinbase Does...Read More
Tl;dr: In recent weeks, some firms have struggled to remain solvent due to insufficient risk controls. See how Coinbase implements secure and comprehensive risk management practices that enable institutions to successfully navigate the cryptoeconomy. By Brett Tejpaul, Head of Coinbase Institutional, Matt Boyd, Head of Prime Finance, and Caroline Tarnok, Head of Credit and Market...Read More
