Over 900,000 individuals signed up for Coinbase’s NFT platform waitlist, and it’s just the first day
The site crashed because so many individuals attempted to join the waiting list for Coinbase’s new NFT platform. Sanchen Saxena, Coinbase’s Vice President of Product, said on Twitter, “We are getting a LOT of signups — so grateful for all your interest.” “Our servers are experiencing abnormally high loads, and our team is working tirelessly […]
Coinbase announes the launch of an NFT marketplace
Coinbase, cryptocurrency exchange, has announced that a waitlist will be opened for a nonfungible marketplace it hopes to launch later this year, this could provide competition for established marketplaces like OpenSea. Coinbase vice president of product and ecosystem Sanchan Saxena stated in a blog post on Oct. 12 that the nonfungible token, or NFT, marketplace […]
Hackers steal cryptocurrency from 6,000 Coinbase customers
Coinbase has suffered from another security compromise as hackers reportedly took advantage of Coinbase’s SMS account recovery process to gain access to user funds. According to a report from Bleeping Computer , the attackers stole cryptocurrency from 6,000 accounts, albeit the monetary worth of the loss was not reported. Coinbase apparently told affected customers earlier […]
Concerns about a fresh China crypto crackdown fuels a boom in trade activity on the derivatives DEX dYdX
Decentralized Derivatives DEX dydx out surges Coinbase by volume in the wake of the China FUD. As fears of a further Chinese crypto crackdow n have circulated this year, the decentralized derivatives exchange dYdX has seen a jump in trading volume, processing more volume than Coinbase for the first time. According to CoinGecko, dYdX has […]
Coinbase CEO says the SEC was the only agency not willing to meet with the firm
The US Securities and Exchange Commission (SEC), according to Coinbase CEO Brian Armstrong, is the only government agency that refuses to meet with the company after it went public in April. Armstrong noted on Anthony Pompliano’s Best Business Show on Sept. 24 that the SEC was the “only regulator” who declined to meet with him […]