In recent weeks, Coinbase has come under fire from the cryptocurrency community after announcements regarding restrictions on accessing user accounts via Virtual Private Networks (VPNs). As the largest cryptocurrency exchange in the United States, Coinbase’s policies can significantly affect user behavior and market direction. Understanding the implications of these restrictions is crucial for both the
Exchanges
In a significant declaration that echoes the escalating discord between the cryptocurrency industry and regulatory bodies, Coinbase CEO Brian Armstrong has taken a definitive stand against legal firms aligned with former regulators he deems unethical. His recent statement on social media, which centered on the termination of relationships with law firms employing ex-regulatory officials, indicates
Japan’s cryptocurrency market has recently witnessed significant transformations, with key players taking bold steps to redefine the ecosystem. At the forefront is SBI VC Trade, a subsidiary of the prominent Japanese financial organization SBI Holdings. This firm has made headlines for its strategic collaborations with DMM Bitcoin and the investment powerhouse Metaplanet. These partnerships signify
In a significant move to simplify cryptocurrency transactions, Coinbase has announced the integration of Apple Pay into its Coinbase Onramp service as of December 2, 2023. This development aims at enhancing the user experience for those looking to convert fiat currency into cryptocurrencies. The combination of a leading digital payment platform like Apple Pay, with
The recent uproar within the Solana blockchain community stems from notable transaction delays experienced on Coinbase. Users of the platform took to social media, particularly X, sharing disheartening screenshots that indicated a staggering wait time of up to 45 minutes for transactions to be processed. This starkly contrasts with the performance metrics of other blockchain
In a troubling development within the cryptocurrency sector, Amrita Srivastava, a former high-ranking executive at Binance, has leveled serious accusations against the company regarding her termination. According to a report from Bloomberg News on November 28, Srivastava claims that her dismissal was a retaliatory action following her efforts to highlight alleged unethical conduct by a
Celo, a significant player in the blockchain arena, has recently made headlines due to its planned transition from a Layer-1 network to an Ethereum Layer-2 solution within the innovative Optimism Superchain ecosystem. This landmark shift, while promising in terms of scaling and interoperability, has sparked considerable debate within the cryptocurrency community. Following an announcement from
In a significant development, FTX and its associated debtors have outlined plans to implement their Chapter 11 Plan of Reorganization by January 2025. This initiative aims to provide a structured framework for distributing funds to creditors and affected customers. The announcement clarified that December will be a pivotal month, during which FTX intends to finalize
In the realm of cryptocurrency, cyberattacks have become alarmingly prevalent, with hacks growing in scale and sophistication. Among these incidents, the 2019 hack of South Korea’s Upbit exchange stands out as one of the most audacious. It was revealed that North Korean hackers orchestrated a massive theft, resulting in the loss of 342,000 Ethereum (ETH),
In a significant move, Coinbase has declared that it will terminate trading pairs for Wrapped Bitcoin (WBTC) across its exchange and Prime platforms, effective December 19. This announcement, made on November 19, highlights the platform’s commitment to maintaining its stringent listing standards, which WBTC apparently failed to meet. The decision comes as part of a
