Coinbase

Coinbase secures a license to operate in Argentina

20 hours ago 2 mins read

Coinbase has obtained a Virtual Asset Services Provider license in Argentina. This allows the exchange to operate legally in the country’s growing crypto market. With this license, Coinbase can compete with Binance, which received the same license in October. Instead of expanding throughout Latin America, Coinbase is focusing on community engagement and building local business relationships. The company is dedicated to regulatory compliance globally. Recently, it delisted Tether in the

Coinbase CEO Brian Armstrong champions Bitcoin over gold

January 24, 2025 2 mins read

Coinbase CEO Brian Armstrong has stated that Bitcoin is a “better form of money” than gold. He highlights Bitcoin’s scarcity, portability, and divisibility as major benefits. Armstrong predicts that Bitcoin’s market cap, currently around $2 trillion, could exceed gold’s $18 trillion in 5 to 10 years. He encourages governments to invest part of their gold reserves in Bitcoin, viewing it as a more reliable store of value. Armstrong‘s comments followed

Coinbase users slam the exchange over 14-hour Solana transaction delays

January 23, 2025 2 mins read

Coinbase is facing criticism due to long delays in processing Solana (SOL) transactions, with some users waiting over 14 hours. This has raised concerns about the exchange’s liquidity and operational methods. Many users suspect that Coinbase may be staking their SOL without permission, leading to delays when large withdrawals require unstaking. Users have reported frustrating experiences, with some transactions pending for more than a day. An investigative journalist shared that

Coinbase wins court approval to appeal key legal questions in its SEC battle

January 9, 2025 2 mins read

Coinbase has achieved a major legal win against the SEC, receiving permission to appeal crucial legal questions to a higher court. On January 7, District Judge Katherine Polk Failla paused the case, allowing Coinbase to clarify whether certain digital assets on its platform are considered securities and if these transactions require an investment contract under the Howey test. The appeal centers on Coinbase’s claim that the tokens listed on its

Coinbase reveals FDIC letters urging banks to pause crypto services

January 5, 2025 1 min read

Coinbase has recently revealed that the Federal Deposit Insurance Corporation (FDIC) is advising banks to temporarily suspend cryptocurrency-related activities, igniting controversy reminiscent of “Operation Chokepoint.” Critics, including leaders from Coinbase and Ripple, argue that the FDIC’s actions overstep constitutional limits and aim to suppress the cryptocurrency sector. On January 3, Coinbase’s Chief Legal Officer, Paul Grewal, disclosed that the FDIC had sent letters instructing banks to limit services related to

Coinbase Ethereum layer 2 Base’s daily transaction volume surges 22 times

December 30, 2024 1 min read

Coinbase’s Ethereum Layer 2 network, Base, is becoming an important player in the cryptocurrency world as we near 2025. Base launched in 2023 and has grown significantly in many areas, becoming a platform that is easy to use and affordable for both users and developers. In 2024, Base experienced a significant rise in daily transaction volumes, going from about 415,000 transactions per day in December 2023 to around 9.4 million

A US federal judge allows Coinbase to delist WBTC

December 22, 2024 1 min read

A California federal judge has ruled in favor of crypto exchange Coinbase, permitting it to proceed with the delisting of Wrapped Bitcoin (WBTC). Judge Araceli Martínez-Olguín of the US District Court for the Northern District of California made the decision after a legal challenge from BiT Global, a digital asset custodian partly owned by Tron founder Justin Sun. The conflict started in November 2024 when Coinbase said it would remove

A hacker stole $15.9M from Coinbase Commerce, bypassing AML detection

December 13, 2024 1 min read

A major breach has happened with Coinbase Commerce. A hacker named “Excite” stole $15.9 million by taking advantage of the platform’s Anti-Money Laundering (AML) system. A crypto investigator named ZachXBT uncovered an incident involving more than 1,700 questionable USDC transactions. The stolen money was then cleaned through the Polygon and Ethereum networks. A hacker has been showing off expensive buys online, and social media metadata hints at a possible location

Coinbase uncovers FDIC letters urging banks to avoid crypto services

November 3, 2024 1 min read

Coinbase has recently brought to light that the U.S. Federal Deposit Insurance Corporation (FDIC) has been advising banks to avoid offering services related to cryptocurrency. Through a Freedom of Information Act (FOIA) request, Coinbase uncovered over 20 letters from the FDIC, dating back to March 2022, which express concerns about consumer protection, financial stability, and the security of institutions involved with crypto. This has raised alarms among crypto supporters, who

Coinbase launches “Based Agent,” a tool that lets developers create AI agents

October 28, 2024 1 min read

Coinbase, a leading player in the cryptocurrency exchange arena, has introduced an innovative AI tool named “Based Agent,” aimed at simplifying the process for developers to create AI agents. This launch comes in response to the increasing demand for AI functionalities in the crypto space. On October 26, Lincoln Murr, a developer at Coinbase, showcased the “Based Agent,” which allows users to set up AI agents in less than three

Coinbase and the SEC face off in court as the crypto exchange demands clearer regulations

September 24, 2024 1 min read

Coinbase and the SEC are engaged in a federal court fight on the formulation of new regulations for the digital asset sector. Coinbase asserts that the SEC has failed to furnish explicit rules for enterprises within the Bitcoin sector, notwithstanding its persistent counsel to “come in and register.” Paul Grewal, Coinbase’s chief legal officer, articulated his dissatisfaction with the SEC’s rejection and its vigorous enforcement of ambiguous regulations. The SEC

Coinbase is launching its wrapped Bitcoin product

September 22, 2024 1 min read

Coinbase intends to launch its wrapped Bitcoin product, cbBTC, on the Solana blockchain to enhance Bitcoin accessibility for customers. The declaration was issued by Hassan Ahmed, Coinbase’s Country Director for Singapore, during the Solana Breakpoint conference on September 21. cbBTC, collateralized 1:1 by Coinbase’s Bitcoin reserves, is intended for programmable blockchains such as Base and Ethereum. Notwithstanding its success, cbBTC remains subordinate to BitGo’s WBTC, which commands 96.6% of the