The crypto world is often perceived as a frontier of innovation and opportunity, yet it’s equally fraught with deception and exploitation. The recent insider-led data breach at Coinbase stands as a grim testimony to this duality. Contributor Qiao Wang’s revelations on social media unveil a sophisticated social engineering scam directly derived from vulnerabilities within Coinbase’s
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In an audacious and strategic move, Coinbase CEO Brian Armstrong recently extended an invitation to employees of the Department of Government Efficiency (DOGE) to consider joining his cryptocurrency exchange. This outreach reflects not only a perspective on employee talent but also a monumental shift in how traditional structures can be reimagined in the fast-evolving financial
The cryptocurrency domain, often hailed as the future of finance, continues to grapple with significant liquidity issues when juxtaposed against the robust frameworks of traditional finance. A recent report from S&P Global sheds light on the ongoing fragmentation within crypto markets, pinpointing technical hurdles and external vulnerabilities that weigh heavily on liquidity metrics. While the
The recent development where Backpack opened the withdrawal window for former FTX EU customers is not just a moment of relief; it brings to light the stark realities of failures that plagued the crypto landscape, emphasizing a chaotic aftermath that could have been mitigated. The glimmer of hope for those who had their funds immobilized
Recent developments have pulled the veil back on the complex entanglements between former President Donald Trump and the controversial cryptocurrency exchange, Binance. Democratic senators, led by the likes of Elizabeth Warren and Chris Van Hollen, have voiced their concerns regarding the implications of Trump’s crypto affiliations. Their insistence on an investigation by the US Treasury
In a bold move, Coinbase has set the cryptocurrency world abuzz by agreeing to acquire the derivatives trading platform Deribit for a staggering $2.9 billion. This acquisition, which stands as the largest in Coinbase’s history, is not merely a financial transaction but a strategic leap forward that underscores a potential redirection in the crypto landscape.
In the ever-evolving landscape of cryptocurrency, where innovation promises to reshape financial systems, the rise of social engineering scams surfaces as an unsettling undercurrent. Just last week, blockchain investigator ZachXBT revealed that Coinbase users were collectively defrauded of $45 million due to these meticulously executed schemes. This update, disseminated through his Telegram channel, isn’t an
In an age dominated by technological advancements, the launch of the x402 protocol by Coinbase marks a seismic shift in online payments. As much as this innovation promises the dawn of efficient machine-based transactions, it also raises critical concerns about our reliance on centralized entities that orchestrate these revolutionary changes. x402 utilizes the long-neglected HTTP
The cryptocurrency realm has long been characterized by rapid innovation and an air of uncertainty. With the introduction of the Markets in Crypto-Assets (MiCA) regulations, this volatile sector has entered what could be described as a renaissance. Contrary to the frenetic and oftentimes anarchic nature of earlier years, MiCA is steering the market toward a
In the ever-evolving world of cryptocurrency, few narratives are as heartbreaking as that of MOVE, the native token of the Ethereum-based Movement Network. Once a promising player in the digital asset ecosystem, MOVE has experienced a catastrophic decline, plummeting 84% from its December 2024 peak of $1.21. The shocking turn of events unfolded significantly after
The recent first-quarter earnings report from Robinhood has sent shockwaves through the financial world, revealing a fascinating revival in retail crypto trading. The numbers are staggering—crypto revenue skyrocketed to $252 million, a remarkable doubling from the previous year. This surge contributed significantly to a striking 77% rise in transaction-based revenue, positioning Robinhood as a linchpin
In an age where digital privacy hangs by a thread, the battle initiated by Coinbase against the Internal Revenue Service (IRS) lifts the curtain on a lingering debate: how far can government agencies go in their quest for information? By filing an amicus brief with the U.S. Supreme Court, Coinbase has taken a definitive stance
In a shocking turn of events, a wallet associated with the official Trump memecoin project has recently transferred an astounding $20 million worth of TRUMP tokens to centralized exchanges. This significant movement, reported by on-chain analyst EmberCN, included a staggering 1.346 million tokens that were dispersed among major exchanges like Binance, OKX, and Bybit. It
In the frenetic world of cryptocurrency trading, success is often built on a precarious house of cards, where market glitches can yield million-dollar profits in the blink of an eye. Recently, Bitget, a leading crypto exchange, has taken a strong stand against what it deems as unethical practices surrounding its VOXEL token. A staggering $20
In recent months, the cryptocurrency landscape has witnessed a seismic shift, one that many analysts claim to be unprecedented in the Bitcoin market. As of April 2025, centralized exchanges hold a mere 2.5 million BTC, marking the lowest level since 2019. The 500,000 BTC reduction since the conclusion of 2024 is more than just a
The ongoing legal saga between Coinbase and five U.S. states underscores a frightening tension between innovation in the cryptocurrency space and outdated regulatory frameworks. Collectively, California, New Jersey, Maryland, Washington, and Wisconsin have pursued lawsuits against Coinbase’s staking program, which they allege is akin to unregistered securities offerings. On the surface, this seems to be
In an audacious maneuver, Bitcoin miner Riot Platforms has secured a staggering $100 million credit line with Coinbase, leveraging its substantial Bitcoin holdings as collateral. This decision encapsulates a pivotal shift in how blockchain companies can utilize their digital assets.Notorious for its highly volatile nature, the cryptocurrency market is rife with both opportunity and peril,
The withdrawal of the Alabama Securities Commission’s legal action against Coinbase marks a significant moment in the ever-shifting landscape of cryptocurrency regulation. With just five active state-level lawsuits remaining, there’s an undercurrent of urgency in the air, a churning anticipation for what comes next. This partial retreat by Alabama is not merely a procedural shift;
In the ever-evolving landscape of cryptocurrency, Coinbase has made a striking advancement by introducing a self-service asset recovery tool that now extends its reach to lost tokens on the Solana network. This latest development, announced on April 21, marks a significant stride towards user empowerment within the volatile realm of digital assets. Traditionally, the crypto
The Bybit hack exemplifies the chaotic landscape of the cryptocurrency era, showcasing that a staggering $400 million of stolen funds are now untraceable. This incident is a wake-up call for those who refuse to acknowledge that without regulatory oversight, our financial systems are at the mercy of criminals. Bybit’s CEO, Ben Zhou, reported a sobering
Vietnam is stepping onto the global stage of cryptocurrency with an audacious plan that could redefine how digital currencies operate within a nation. The country’s Ministry of Finance is spearheading this initiative, led by Finance Minister Ho Duc Phoc, which aims to develop a pilot crypto trading platform in partnership with the world-renowned exchange, Bybit.
In the murky waters of cryptocurrency, the recent scandal surrounding the OM token serves as a cautionary tale that underscores the vulnerabilities present in current market structures. Reports emerging from “The Chopping Block” podcast reveal a scheme where Mantra and affiliated market makers manipulated liquidity metrics by exploiting weaknesses in self-reporting systems of data aggregators.
Bybit’s recent announcement regarding the discontinuation of its Web3 products and services by the end of May marks a pivotal moment for the cryptocurrency exchange. Ostensibly, this move is couched in the language of progress and innovation, yet it raises significant concerns for users who have relied on these services. The decision to phase out
It is astounding that a mere 15-minute outage during the early hours of April 15 can send shockwaves through the entire crypto ecosystem. The recent Amazon Web Services (AWS) disruption not only affected Binance—one of the largest cryptocurrency exchanges in the world—but also paralyzed multiple platforms like KuCoin and Rabby. This incident is not merely
On April 13, the crypto world was thrust into disarray as the OM token, a once-celebrated asset of the Mantra blockchain, experienced a jaw-dropping collapse. From a value of approximately $6.30, OM plummeted to a meager $0.50 in a single day, resulting in an astronomical loss of more than $5 billion from its market capitalization.
In a contentious showdown that highlights the strained relationship between cryptocurrency firms and regulatory bodies, Coinbase has boldly challenged the Federal Deposit Insurance Corporation (FDIC) over its attempts to delay vital disclosures regarding the debanking of digital asset companies. This confrontation is not merely about timelines; it represents a critical juncture in the ongoing struggle
In a rapidly evolving financial landscape, the rigidity of South Korea’s current crypto policy is becoming increasingly untenable. Major South Korean banks are advocating for amendments that would allow multiple banking partners for individual crypto exchanges, a shift that could significantly enhance consumer choice and invigorate competition. This plea echoes a broader sentiment: the existing