Article written by Emma Davis

Users are upset with Coinbase because many have faced long account restrictions. Some say their accounts have been frozen for months or even years. Complaints appeared on social media platform X, where users questioned Coinbase's claim that the rise in restricted accounts was just because of inactivity and outside worries about the crypto market. On December 9, Coinbase Support noted a big increase in platform activity after the recent elections, linking it to a 2-3x rise in fraud attempts. This increase led to the use of automated fraud prevention measures, resulting in more account restrictions and slower customer support responses. Even though Coinbase is trying to fix these problems, many users are unhappy and expressing their concerns. Users are upset and have gone online to share their complaints, claiming that Coinbase has communicated misleading information. Some accounts have been locked due to VPN use, and users have not received enough support even after trying many times to get help. Key people in the crypto community, such as investor Glauber Contessoto, have suggested having a customer service line available 24/7 to improve user support. Even with these challenges, Coinbase has done well financially in 2024, showing a 97% increase in stock value so far and reaching important goals for its layer-2 network, Base. The ongoing backlash about account restrictions highlights the need for Coinbase to improve its customer service and communication as more users join.

Coinbase faces backlash as users report prolonged account freezes

1 min read

Users are upset with Coinbase because many have faced long account restrictions. Some say their accounts have been frozen for months or even years. Complaints appeared on social media platform X, where users questioned Coinbase’s claim that the rise in restricted accounts was just because of inactivity and outside worries about the crypto market. On December 9, Coinbase Support noted a big increase in platform activity after the recent elections,

Gold advocate Peter Schiff labels Bitcoin a "national security threat"

Gold advocate Peter Schiff labels Bitcoin a “national security threat”

1 min read

Peter Schiff, a well-known supporter of gold and a critic of Bitcoin, has sparked new conversations about cryptocurrency by calling Bitcoin a “national security threat.” In a recent post on X (formerly Twitter), Schiff said that Bitcoin’s misuse and increasing popularity hurt economic efficiency and waste resources. He said that Bitcoin supporters are corrupting government officials. He believes that private investments in Bitcoin are fine, but using public money for

Russian President Vladimir Putin calls Bitcoin "unstoppable"

Russian President Vladimir Putin calls Bitcoin “unstoppable”

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Russian President Vladimir Putin has recently recognized the strength of Bitcoin, stating that it cannot be banned. This is an important acknowledgment of cryptocurrency’s potential, especially with the ongoing economic sanctions against Russia. At a forum in Moscow, he pointed out that Bitcoin is decentralized, meaning it can’t be controlled from the outside. He also talked about how it can serve as a model for future payment systems. Putin spoke

Bitcoin (BTC) shows strong buying pressure after surging above $103K

Bitcoin (BTC) shows strong buying pressure after surging above $103K

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Bitcoin has recently crossed the important $100,000 level, reaching a peak of about $103,670 before stabilizing at around $102,000. Bitcoin’s market capitalization has surpassed $2 trillion for the first time, thanks to a 7.2% increase in just 24 hours. The crypto has performed well over the past month, gaining 50%. This is due to increased interest from institutions, more money flowing into exchange-traded funds (ETFs), and a positive outlook in

Brazil’s central bank proposes banning foreign-backed stablecoin transfers to private wallets

Brazil’s central bank proposes banning foreign-backed stablecoin transfers to private wallets

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Brazil’s central bank has introduced a draft proposal for strict regulations on stablecoins, aiming to align crypto operations with traditional financial rules. Announced on November 29, the proposal includes a ban on transferring foreign-backed stablecoins to self-custody wallets. If approved, crypto exchanges would prohibit users from moving these tokens to private wallets, treating them similarly to other financial assets like foreign investments. The central bank justifies the move as a

A U.S. court nullifies Tornado Cash sanctions

A U.S. court nullifies Tornado Cash sanctions

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A U.S. federal appeals court has invalidated sanctions against Tornado Cash, a crypto-mixing service, ruling that its immutable smart contracts cannot be classified as property. The Fifth Circuit Court of Appeals’ decision is a significant win for decentralization and privacy advocates, but it has reignited discussions on regulating blockchain tools often linked to illegal activities. The Treasury’s OFAC imposed sanctions on Tornado Cash in 2022, accusing it of facilitating money laundering

Michael Saylor, MicroStrategy’s Chairman and a staunch Bitcoin advocate, plans to pitch the idea of Bitcoin investment to Microsoft’s board of directors. Saylor has been allotted just three minutes to present his case, arguing that integrating Bitcoin into Microsoft's portfolio could stabilize its stock and mitigate risks. The initiative stems from the National Center for Public Policy Research (NCPPR), which praised MicroStrategy’s Bitcoin strategy, noting its stock has outperformed Microsoft’s this year. Saylor previously sought a private discussion with Microsoft CEO Satya Nadella, but his request was declined, prompting him to address the board directly. Saylor contends that tech giants like Microsoft, Apple, and Google are missing opportunities to enhance shareholder value by not diversifying into Bitcoin. He believes allocating a portion of their enterprise value to Bitcoin could improve stock stability by anchoring it to tangible assets. Microsoft’s board has recommended rejecting the proposal, citing its existing investment evaluation process. However, a vote on the initiative is scheduled for December 10, requiring Microsoft to justify its stance publicly. Saylor emphasizes that 98.5% of Microsoft’s valuation is tied to earnings, with just 1.5% linked to physical assets. Incorporating Bitcoin, he argues, would provide a stronger financial foundation and boost shareholder confidence. While the proposal faces resistance, it has ignited discussions about corporate cash management. If successful, Saylor’s pitch could influence other major corporations to consider Bitcoin, potentially transforming corporate investment strategies.

Michael Saylor pitches Microsoft’s board on Bitcoin

1 min read

Michael Saylor, MicroStrategy’s Chairman and a staunch Bitcoin advocate, plans to pitch the idea of Bitcoin investment to Microsoft’s board of directors. Saylor has been allotted just three minutes to present his case, arguing that integrating Bitcoin into Microsoft’s portfolio could stabilize its stock and mitigate risks. The initiative stems from the National Center for Public Policy Research (NCPPR), which praised MicroStrategy’s Bitcoin strategy, noting its stock has outperformed Microsoft’s

Base, Coinbase's Layer-2 network, celebrates 1 billion transactions

Base, Coinbase’s Layer-2 network, celebrates 1 billion transactions

1 min read

Base, Coinbase‘s Ethereum (ETH) Layer-2 network, has reached an impressive milestone of 1 billion transactions just over a year after its launch in August 2023. This achievement highlights Base’s rapid growth, surpassing networks like Bitcoin, which took over 15 years to hit similar transaction numbers. Base now ranks as the second most popular blockchain of 2024, outperforming competitors such as Optimism and Arbitrum, and has seen interest surge ninefold compared

Bankrupt crypto exchange FTX sues ex-Binance CEO CZ for nearly $2 billion

Bankrupt crypto exchange FTX sues ex-Binance CEO CZ for nearly $2 billion

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The bankrupt cryptocurrency exchange FTX has initiated legal proceedings against its competitor Binance and its former CEO, Changpeng “CZ” Zhao. This action stems from allegations that FTX’s former CEO, Sam Bankman-Fried, engaged in a fraudulent buyout of Binance’s shares in FTX back in July 2021. Bankman-Fried’s plan involved using FTX’s own token, FTT, along with Binance’s coins, BSB and BUSD, to fund a purchase valued at approximately $1.76 billion. However,

Alchemy Pay has made strides in expanding its operations in the United States by securing four new money transmitter licenses (MTLs)

Crypto payment gateway Alchemy Pay increases its US compliance with four additional licenses

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Alchemy Pay, a cryptocurrency payment gateway, has made significant strides in expanding its operations in the United States by securing four new money transmitter licenses (MTLs) in Wyoming, Oregon, Oklahoma, and Minnesota as of November 8th. This brings the total number of licenses held by Alchemy Pay in the U.S. to eight, following earlier approvals in states like Arkansas, Iowa, New Hampshire, and New Mexico. These licenses enable Alchemy Pay

Nearly $4.6 billion in Bitcoin and Ethereum options expire today

Nearly $4.6 billion in Bitcoin and Ethereum options expire today

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Today marks a significant moment in the cryptocurrency world, with nearly $4.6 billion worth of Bitcoin (BTC) and Ethereum (ETH) options set to expire. This event comes on the heels of the recent US elections and updates from the Federal Open Market Committee (FOMC), which could lead to increased market volatility. Analysts are predicting a flurry of activity as traders make strategic adjustments as the year comes to a close.

Cronos Labs announces an expansion of its strategic partnership with Google Cloud

Cronos Labs announces an expansion of its strategic partnership with Google Cloud

2 mins read

Cronos Labs, a startup accelerator dedicated to expanding the Cronos blockchain ecosystem, has announced an exciting enhancement to its partnership with Google Cloud. This collaboration positions Google Cloud as the main cloud provider for Cronos, focusing on four key areas: onboarding Google Cloud as a validator, driving technical innovation, boosting developer engagement at the intersection of AI and blockchain, and creating value for startups in the Cronos Accelerator program. Ken

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