Coinbase shuts down operations in Japan
In the face of extreme market situations, Coinbase crypto exchange has officially halted its operations in Japan. The exchange urges customers to withdraw their crypto and cash assets by February 16. On January 18, Coinbase took the tough choice to thoroughly assess its operations in Japan and to stop all transactions with current clients, according […]
Coinbase sets to carry out second phase of staff layoffs
As part of its restructuring plan to cut operational costs amid the bear market, Coinbase crypto exchange is set to carry out a second phase of layoffs which will target about 20% of its entire workforce. On January 10, Coinbase CEO Brian Armstrong formally stated that the business will eliminate 950 positions as part of […]
Ark Invest buys Coinbase, Tesla Shares
Following price dips of Coinbase and Tesla shares, Cathie Wood’s Ark Invest has taken the opportunity to purchase 158,116 shares and 22,514 shares of Coinbase and Tesla respectively. On December 29, 158,116 shares of Coinbase (COIN) and 22,514 shares of Tesla (TSLA) were acquired by Cathie Wood’s asset management company Ark Invest. While Ark Invest […]
Coinbase Secures Regulatory Approval In Ireland
Coinbase was granted approval by the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). Bitcoin exchange According to a statement made on December 21 by the Central Bank of Ireland, Coinbase has been given authorization to function as a Virtual Asset Service Provider (VASP). Cormac Dinan, a former employee of […]
Coinbase Introduces Recovery Tool For Lost ERC-20 Tokens
Coinbase has introduced a feature that will help customers recover more than 4,000 as-yet unsupported ERC-20 tokens sent to its ledger. Major cryptocurrency platform Coinbase has offered an asset recovery tool for users who “mistakenly send unsupported tokens” to exchange addresses.In a Dec. 15 announcement, Coinbase said users who sent any of roughly 4,000 ERC-20 […]