Coinbase faces a new proposed class-action lawsuit after a stock drop linked to a recent data breach and UK regulatory issue. The suit, filed in a Pennsylvania federal court, claims Coinbase’s stock declined after it disclosed the breach and a violation of a UK agreement. The legal action seeks damages for shareholders who purchased Coinbase […]
Coinbase
Coinbase Hacker Resurfaces with $42M BTC Transfer and Troll Comment to ZachXBT
The Coinbase hacker has resurfaced in the crypto space again after transferring $42 million worth of Bitcoin while openly trolling the popular blockchain investigator ZachXBT. The hacker sent a message mocking ZachXBT through the Ethereum blockchain input data on Wednesday. This happened ten days after Coinbase publicly revealed that they had a security issue that […]
Kraken Expands Regulated Crypto Derivatives Across Europe
Kraken, a top cryptocurrency exchange, has expanded its derivatives trading services across Europe. The company now offers regulated futures contracts to retail and institutional customers in the European Economic Area (EEA). This development comes after the exchange acquired a Cypriot investment firm earlier this year, which allowed the exchange to secure a license under the […]
Circle Eyes $5B IPO Amid Ripple’s Rejected Bid and Coinbase Talks
Key Takeaways Circle Internet Financial, the firm behind the $32 billion stablecoin USDC, is navigating a pivotal moment. It has been quietly considering buying either Ripple Labs or Coinbase, according to several insiders from banks, as it readies to go public by proceeding on two tracks concurrently, demonstrating as much ambition as pragmatism in an […]
Retired Artist Scammed of $2M by Fake Coinbase Agent
A retired artist was recently scammed out of $2 million in a devastating crypto scheme orchestrated by a fake Coinbase representative. Retired artist Ed Suman lost more than $2 million in crypto earlier this year after being tricked by someone pretending to be a Coinbase helper. The artist, who had spent time building his career […]
Coinbase Launches $20M Bounty Countering Previous Ransom Threat
Coinbase has taken their bold stand against cyber extortion by refusing to pay a $20 million ransom to unknown blackmailers. Recently, Coinbase faced a platform breach, and some attackers sent a message claiming that they had confidential information about the platform. The attack started on the 15th of May, when the CEO of Coinbase, Brian […]
Coinbase Makes History, Joins S&P 500 as First Crypto Company
Coinbase has become the first cryptocurrency firm to become a member of the S&P 500 index. Coinbase’s COIN stock soared after the announcement of its inclusion on the index to replace Discover Financial, which has been purchased by Capital One. This marks an important moment for both Coinbase and the global cryptocurrency industry. Coinbase will […]
Coinbase Rejects Risky Bitcoin Maximalism for Long Term Stability
Coinbase’s long-term crypto strategy: CEO Brian Armstrong recently confirmed that the company has considered and ultimately rejected the idea of adopting a Bitcoin-heavy investment approach similar to that of MicroStrategy founder Michael Saylor. “There were definitely moments over the last 12 years where we thought, man, should we put 80% of our balance sheet into […]
Coinbase Makes a Bold Bet on Derivatives with $2.9B Acquisition of Deribit
Coinbase has announced its intent to acquire Deribit, one of the leading global platforms for crypto options trading, in a landmark $2.9 billion transaction. The acquisition includes $700 million in cash and approximately 11 million shares of Coinbase stock, making it one of the largest crypto deals of the year and a clear signal that […]
Coinbase Misses Q1 2025 Revenue Amid Bitcoin Surge
Coinbase, the largest publicly traded cryptocurrency exchange in the United States, reported a disappointing set of first-quarter earnings on Thursday, with revenue falling short of Wall Street expectations despite a surging crypto market. The company also revealed an aggressive expansion into the derivatives space with a multibillion-dollar acquisition. Coinbase posted $2.03 billion in revenue for […]