Coinbase - Optimisus

Coinbase to Delist Five Cryptos Worth Over $60 Million

6 months ago 1 min read

This Crypto Exchange to Remove Five Digital Assets Valued at Over $60 Million

Coinbase crypto exchange, is making a move by delisting five cryptocurrencies with a combined market valuation of over $60 million. The exchange said that the decision, affecting Crypterium (CRPT), MXC (MXC), Quantstamp (QSP), Ren (REN), and TE-FOOD (TONE), follows a thorough review of the assets and their failure to meet Coinbase’s listing standards. In addition, the team noted that delisting is scheduled for November 3, 2023, but investors can rest assured that their investments will be recoverable post-delisting. Coinbase maintains strict listing criteria and periodically evaluates assets on its platform to ensure they meet these standards. This commitment to quality

Coinbase's Layer-2 Network, Unveils Open-Source Code to Fuel Collaboration

6 months ago 1 min read

Coinbase’s Layer-2 Solution Base Shares Open-Source Code for Developer Engagement

Coinbase’s Base network made a big move on October 19 by open-sourcing its code and smart contracts for developers. The company said that the motivation behind the decision is to provide more transparency and insight into the Base project’s development. All the smart contracts and scripts that make Base work are now available for everyone to see on GitHub. This open-source development empowers developers to dig into the code that governs how deposits and withdrawals work on the Base network. It’s a bit like letting people peek under the hood of a car to see how the engine works. This

Coinbase crypto exchange has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS).

7 months ago 1 min read

Coinbase Secures Payment License in Singapore

Coinbase crypto exchange has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This means that Coinbase will now be able to offer its digital payment token services to individuals and institutions in Singapore. The MPI license is a highly regulated license that allows financial institutions to provide a wide range of payment services, including money transfers, payment processing, and foreign exchange. To obtain an MPI license, financial institutions must meet strict requirements set by the MAS, including having a strong track record of compliance and financial stability. Coinbase’s CEO, Brian Armstrong, said that

Base network achieved an unprecedented milestone

7 months ago 1 min read

Coinbase’s Base Network Hits Milestone: 1.88 Million Daily Transactions

Coinbase’s Layer 2 network, Base, is rewriting the rules of crypto with its remarkable achievements. On September 14th, the network achieved an unprecedented milestone, processing a staggering 1.88 million daily transactions. This impressive feat propels Base ahead of well-established competitors like Arbitrum and Optimism. Base’s rapid rise to prominence, which began less than two months ago, can be attributed to several factors, including Coinbase’s significant influence and the growing enthusiasm for decentralized applications (dApps) such as Friend.Tech. While the record-breaking transaction count on September 14th grabs headlines, other key metrics underscore the network’s robust health. The base boasts an average

SEC Orders Coinbase to Drop All Crypto Assets Except Bitcoin, CEO Speaks Out

9 months ago 2 mins read

SEC Orders Coinbase to Delist All Crypto Assets, Except Bitcoin, Says CEO

Coinbase faced a critical situation when the U.S. Securities and Exchange Commission (SEC) instructed them to delist all cryptocurrencies on their platform, except for Bitcoin. The revelation comes from Coinbase CEO Brian Armstrong, who disclosed the regulatory pressure in a recent interview. The SEC’s stance on considering most assets as securities, excluding Bitcoin, has raised significant concerns within the crypto industry. In a July 31 interview with the Financial Times, Brian Armstrong disclosed the SEC’s surprising demand to delist nearly 250 tokens listed on the Coinbase platform. The SEC, believing that “every asset other than Bitcoin is a security,” reportedly

leading exchange Coinbase has announced that it will relist XRP.

10 months ago 1 min read

Coinbase Relists XRP Following Favorable Ruling in SEC Lawsuit

In a significant development for the cryptocurrency market, leading exchange Coinbase has announced that it will relist XRP. The decision comes after a favorable ruling from U.S. District Judge Sarah Netburn, who found that the sale of XRP on exchanges does not fall under the category of security. Coinbase delisted XRP in January 2021, citing the ongoing legal battle between Ripple and the SEC. The SEC lawsuit alleges that Ripple sold XRP as an unregistered security, while Ripple argues that XRP is a currency. The ruling from Judge Netburn is a major victory for Ripple and could have implications for

A Coinbase executive has found and returned lost crypto valued at $322,873

10 months ago 2 mins read

Coinbase Discovers Lost Crypto Valued at $322K and Returns it to Unaware User

In a remarkable act of goodwill, a Coinbase executive has found and returned lost crypto valued at $322,873 to an unsuspecting user who was unaware of its existence. Conor Grogan, Coinbase’s head of product, made the surprising discovery and successfully located the owner of the assets. Grogan shared the news in a tweet, explaining that he had found the substantial sum for a stranger who had previously lost their life savings in a hack. He attached a screenshot displaying the address details and the impressive balance of Ethereum Classic (ETC). The Coinbase exec shed light on how this lost crypto

Coinbase Faces SEC in Court on July 13 After Delivering 'Creative' Response to Allegations

10 months ago 1 min read

SEC vs Coinbase Case to Begin on July 13

The U.S. Securities and Exchange Commission (SEC) is scheduled to respond to Coinbase’s initial legal defense on July 13, following the exchange’s unconventional tactic of filing its response well ahead of schedule. This development has expedited the court proceedings, moving the pre-motion conference to the same date. Coinbase’s Early Response Coinbase filed its response on May 17, 40 days before the August 7 deadline. This prompted the SEC to request a three-day extension due to the July 4 holiday weekend, which was granted by the court. As a result, the SEC’s response was due by July 3. Coinbase’s Defense In

Coinbase has filed a motion to dismiss the recent lawsuit brought against it by the U.S. SEC.

10 months ago 1 min read

Coinbase Files Motion to Dismiss SEC Lawsuit

Cryptocurrency exchange Coinbase has filed a motion to dismiss the recent lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC). The lawsuit accused Coinbase of facilitating unregistered trading in 12 digital tokens classified as securities. However, Coinbase vehemently disputes these claims and argues that the SEC’s interpretation of securities laws is fundamentally flawed. Coinbase’s Chief Legal Officer, Paul Grewal, stated that the SEC’s allegations “go far beyond existing law” and should be dismissed. The company filed the motion with the U.S. District Court for the Southern District of New York, raising concerns about the SEC’s overreach and

A crypto trader experienced a sophisticated phishing scam targeting his Coinbase account

11 months ago 2 mins read

Coinbase Users Warned of Sophisticated Phishing Scam, Password Change Recommended

A well-known crypto trader recently experienced a sophisticated phishing scam targeting his Coinbase account, which he described as one of the most complex scams he has encountered in the crypto world. Jacob Canfield took to Twitter to warn Coinbase users about the incident, highlighting the tactics used by the scammers and urging others to be cautious. The Intricate Phishing Scam Canfield initially received a text message notifying him of a change in his Coinbase two-factor authentication (2FA). Subsequently, he received multiple phone calls from a fake Coinbase customer support line, which appeared to originate from a San Francisco number. The

Coinbase Receives Official Response from SEC Regarding Regulatory Issues

11 months ago 1 min read

Coinbase Receives Response from SEC on Regulatory Matters

The U.S. Securities and Exchange Commission (SEC) has issued its formal response to the Third Circuit’s request regarding the ongoing legal dispute with Coinbase, a prominent cryptocurrency exchange. The SEC’s extensive response reveals a continued reluctance to provide clarity on cryptocurrency regulation or commit to a specific timeline for rulemaking, despite the court’s explicit orders. In its response, the SEC argues that Coinbase’s demand for immediate action is an “extraordinary request” and that it has not yet determined the appropriate course of action due to the extensive scope of Coinbase’s rulemaking petition. The SEC also disregards explicit statements made by

The failure of the FTX exchange in November 2022 sent shockwaves through the crypto industry, leading to increased scrutiny from the US SEC.

11 months ago 2 mins read

SEC Intensifies Crackdown on Crypto After FTX Crash

The failure of the FTX exchange in November 2022 sent shockwaves through the cryptocurrency industry, leading to increased scrutiny from the US Securities and Exchange Commission (SEC). The regulatory agency, aiming to salvage its reputation after the $8 billion fraud incident, has intensified its efforts to control the crypto sector. Recent lawsuits against major players like Coinbase and Binance are part of the SEC’s broader initiative to restore order in the market. However, concerns have been raised about the SEC’s motives, with some suggesting that its actions may be driven more by reputation management than a genuine need to protect