Coinbase Deal Backs US Govt’s $2B BTC Transfer-Analyst
According to Bloomberg analyst, the US government’s $2B BTC transfer has sparked discussions, saying a potential Coinbase deal is the reason. James Seyffart, a senior ETF analyst at Bloomberg, has sparked speculation that the US government’s recent Bitcoin transfer may have resulted from a prospective Coinbase deal. Arkham Intelligence reported that the United States government […]
Coinbase Layer 2 Base Sets Ecosystem Upgrade For More Devs
Coinbase Layer 2 Base has plans to increase its gas target for users from 9.375Mgas/second to 10Mgas/second at double digits. Base , an Ethereum layer 2 network, has disclosed its intention to augment its gas target in light of its prior accomplishments. The exodus enhancement will encourage developers to construct the network and foster innovation. […]
Hacker Sentenced to 3.5 Years for $900K Coinbase Scam: Report
UK hacker faces prison for his Coinbase dummy website scam, an El Paso man’s crypto “Ponzi” fueled his lavish lifestyle, and Washington DFI flags the latest crypto fraud. A computer hacker from the United Kingdom has been sentenced to three and a half years in prison for his involvement in the scheme, which involved the compromise […]
Coinbase Adds New Directors To Its Board
While one of the new Coinbase directors has a wealth of experience in the management consulting industry, the other two have previously served under US presidents. Coinbase has expanded its board of directors with three new members, including a top OpenAI executive who once served as a political strategist for US President Bill Clinton in […]
Coinbase UK Hit with $4.5M Fine for High-Risk Customer Onboarding
Coinbase’s UK subsidiary, CBPL, has been fined $4.5 million for violating the FCA agreement, which prohibits the platform from onboarding high-risk customers. The United Kingdom regulators have levied a $4.5 million (£3.5 million) fine on Coinbase’s UK subsidiary, CB Payments Limited (CBPL). A penalty is imposed for violating a voluntary agreement that is intended to […]