Coinbase has found itself in a storm of controversy as it grapples with increasing account restrictions, which the platform attributes to a notable rise in fraudulent activities. Following the conclusion of the recent US presidential election, the exchange observed a dramatic surge in user engagement—an event that notably correlated with a threefold increase in fraudulent
Exchanges
On December 5, a noteworthy development in the rapidly evolving realm of digital assets was announced: the introduction of TRUSThub, a pioneering platform initiated by Coinbase’s Travel Rule Universal Solution Technology (TRUST). This novel platform seeks to revolutionize data sharing practices among Virtual Asset Service Providers (VASPs), making compliance with regulations more efficient and secure.
Woori Technology, a venture capital firm based in South Korea, is at a significant crossroads as it considers divesting its stake in Dunamu, the parent organization behind Upbit, the nation’s preeminent cryptocurrency exchange. This development is particularly striking given the profound impact that Dunamu has had on the local digital asset market. Initial investments by
In a significant move that reflects the ongoing struggle between the cryptocurrency sector and regulatory bodies, Coinbase CEO Brian Armstrong has publicly declared the company’s intention to terminate partnerships with law firms that employ former officials involved in what he terms “unlawful” regulatory actions against the crypto industry. This decision, announced via social media on
The cryptocurrency landscape is ever-evolving, but issues surrounding user privacy and security remain at the forefront of discussions. A recent controversy surrounding Coinbase, the largest U.S.-based cryptocurrency exchange, has highlighted a critical divide between the need for robust security measures and the fundamental right to privacy online. This article analyzes Coinbase’s controversial stance on Virtual
In a significant move to enhance user experience in the cryptocurrency space, Coinbase has announced the integration of Apple Pay into its Coinbase Onramp service as of December 2, 2023. This development is set to simplify the process of converting fiat currency into cryptocurrency, thereby making it more accessible for everyday users. With over 60
In a notable development within Japan’s cryptocurrency market, SBI VC Trade, a subsidiary of the well-established SBI Holdings, has solidified its presence through new collaborations with DMM Bitcoin and Metaplanet. SBI Holdings stands as a titan in the financial sector, boasting a robust asset portfolio of over $190 billion as of March 2024. With a
The Solana blockchain community has recently expressed serious concerns regarding transaction delays experienced on the Coinbase platform. Users on social media platform X shared troubling screenshots that indicated transactions were taking as long as 45 minutes to process. This level of delay is not only frustrating for users but also starkly contrasts with the more
The cryptocurrency exchange Binance is facing serious allegations following the dismissal of Amrita Srivastava, a former senior executive who has publicly accused the company of retaliatory termination after she raised ethical concerns. Srivastava, who previously held a prominent role in fintech at Mastercard, claimed that she was fired only a month after reporting a colleague’s
Celo, a notable player in the Layer-1 blockchain space, is currently grappling with significant turbulence surrounding its planned shift to an Ethereum Layer-2 network within the Optimism Superchain ecosystem. This transition, originally seen as a strategic move toward scalability and enhanced usability, has become a contentious topic, leading to a 5% decline in the value