Coinatory

Coinbase Hack Exposed Customer Data Since January In the wake of a $400 million security breach, cryptocurrency exchange Coinbase is under scrutiny after it was revealed that hackers had unauthorized access to sensitive customer data since January. A planned scam including the bribery of foreign customer service representatives was the cause of the breach, which was revealed on May 11. Insiders Made Unauthorized Access Possible Attackers targeted workers and contractors connected... Coinatory

Coinbase Faces $400M Loss After Insider Phishing Attack Coinbase, the world’s third-largest cryptocurrency exchange, is facing substantial financial exposure and heightened scrutiny following a coordinated phishing attack involving insider collusion. Disclosed on May 15, 2025, the breach was executed by cybercriminals who bribed overseas customer support contractors to gain unauthorized access to internal systems. This led to the theft of personal user data, including names, email addresses, phone... cryptonews today

Coinbase Revenue Falls 10% in Q1 Coinbase Global Inc. reported a 10% decline in total revenue for the first quarter of 2025, falling to $2 billion and missing Wall Street estimates by 4.1%, as slowing market conditions weighed on trading activity. Despite the revenue shortfall, the cryptocurrency exchange managed to surpass earnings expectations, posting earnings per share (EPS) of $1.94 versus the Zacks Consensus Estimate of $1.85. Revenue Pressures and Crypto-Linked Losses... Coinbase Revenue Falls 10% in Q1 Coinatory

Coinbase Acquires Deribit in $2.9B Crypto Derivatives Deal Coinbase Global Inc., the largest U.S.-based cryptocurrency exchange by trading volume, has announced its intention to acquire Deribit, a leading crypto derivatives platform, in a transaction valued at approximately $2.9 billion. The deal includes $700 million in cash and 11 million shares of Coinbase Class A common stock, subject to customary purchase price adjustments. Founded in 2016 and headquartered in Dubai, Deribit has established itse... cryptonews today

Coinbase Urges Five U.S. States to End Staking Lawsuits Coinbase is urging regulatory authorities in five U.S. states to abandon ongoing lawsuits over its cryptocurrency staking services, warning that the continued legal actions are harming consumers and exacerbating market uncertainty. In a recent blog post, the publicly traded crypto exchange asserted that cease-and-desist orders still active in California, New Jersey, Maryland, Washington, and Wisconsin have prevented residents from partic... crypto news today

Coinbase Denies Ties to Memecoin That Crashed After $15M Dump Exchange of cryptocurrency Coinbase is separating its Base blockchain network from a contentious memecoin that was widely criticized by the cryptocurrency industry for a spectacular crash that happened soon after it launched. Base promoted its marketing phrase, "Base is for everyone," on X on April 16. The post included a link to a similar token made on Zora, a social media site that tokenizes messages for speculation. According to statistics... crypto news

Coinbase to Launch XRP Futures in April Pending CFTC Approval Coinbase Derivatives LLC has formally filed with the U.S. Commodity Futures Trading Commission (CFTC) to launch futures contracts for Ripple’s XRP token. The self-certification, submitted on April 3 under CFTC Rule 40.2(a), outlines plans to introduce a new cash-settled monthly futures product scheduled to go live on April 21, pending regulatory clearance. Trading under the symbol XRL, each contract will represent 10,000 XRP—equivalent to app... cryptocurrency news Coinatory

Coinbase CEO Urges U.S. Regulators to Permit Interest on Stablecoins Coinbase CEO Brian Armstrong has publicly urged U.S. politicians to approve interest-bearing stablecoin products, claiming that doing so would greatly benefit domestic consumers, strengthen the value of the US dollar internationally, and promote more financial inclusion. Stablecoins, which are usually backed 1:1 by the US dollar and invested in low-risk assets like Treasury securities, provide yield from their underlying reserves, Armstrong s... cryptocurrency news

Coinbase to Expand U.S. Workforce by 1,000 Jobs in 2025 Amid Trump’s Crypto Advocacy In 2025, Coinbase CEO Brian Armstrong expects to hire over 1,000 more staff members in the US, citing President Donald Trump's ardent support of cryptocurrencies as the reason. The Biggest Hiring Drive in Coinbase's History In a video posted to X on March 7, Armstrong stated, “Coinbase is planning to hire about 1,000 people in the United States this year as a direct result of his actions already in the first 60 days or so.” ... cryptocurrency news Coinatory

Coinbase Poised for ‘Major Win’ as SEC Nears Lawsuit Dismissal Analysts at H.C. Wainwright & Co. characterize Coinbase's (NASDAQ: COIN) February 21 announcement that the U.S. Securities and Exchange Commission (SEC) is likely to drop its lawsuit against the cryptocurrency exchange as a "major win" for the company and the larger cryptocurrency market. According to a report by analyst Mike Colonnese, Coinbase's management expects a resolution as early as next week, even if the SEC commissioners' final ... cryptonews

Coinbase Should Expand Meme Coin Listings, Says Base Creator Coinbase's token listings should be significantly expanded, according to Jesse Pollak, Head of the Base Protocol, who is asking the exchange to offer a greater range of cryptocurrencies from Base and other blockchain networks. His suggestion, which covers meme currencies, DeFi tokens, and cultural initiatives, is in line with the increasing need for more varied assets. This drive coincides with continuing discussions on the regulation of... Coinbase Should Expand Meme Coin Listings, Says Base Creator

Coinbase Acquires Spindl to Boost Onchain Advertising As part of a larger effort to hasten the adoption of onchain applications, Coinbase has formally acquired Spindl, a onchain advertising and attribution platform. By incorporating Spindl into Base, Coinbase's Layer 2 blockchain, the acquisition supports the company's goal of enhancing the discovery and dissemination of decentralized apps (dApps). Spindl, which focuses on ad tech infrastructure for the onchain economy, was founded in 2022 by An... cryptocurrency news today

Coinbase to List Solana Futures Amid Growing Crypto Demand In order to list Solana (SOL) futures contracts on Coinbase Derivatives, its subsidiary trading platform, Coinbase has applied for self-certification. The action, which will provide traders access to cash-settled Solana futures beginning February 18, 2025, represents a major expansion in the cryptocurrency derivatives market. The Solana futures contracts will be offered in two sizes: normal contracts representing 100 SOL (currently priced at ... cryptonews today

Justin Sun Criticizes Coinbase Amid World Liberty Financial’s Move to wBTC Justin Sun Supports World Liberty Financial's Decision to Use wBTC Rather Than cbBTC Justin Sun, the founder of TRON, has been quite critical of World Liberty Financial's recent decision to use Wrapped Bitcoin (wBTC) rather than Coinbase's cbBTC, accusing Coinbase of having "unreliable custody practices." The action also demonstrates the growing competition between the vocal blockchain entrepreneur and the cryptocurrency exchange. In a Jan... crypto news today

Coinbase asks US appeals court to clarify crypto regulation To find out if bitcoin transactions on its platform are subject to federal securities laws, Coinbase, the biggest cryptocurrency exchange in the US, has petitioned the U.S. Court of Appeals for the Second Circuit. This legal move is the result of a well-known conflict with the Securities and Exchange Commission (SEC), who filed a complaint against Coinbase in 2023, alleging that the exchange was functioning as an unregistered securities platf... Coinatory cryptocurrency news

Coinbase May Delist Tether Amid U.S. Regulation Push If future U.S. legislation require it, Coinbase, the biggest cryptocurrency exchange in the country, has indicated that it is prepared to delist Tether (USDT), the stablecoin with a market value of $138 billion. Coinbase CEO Brian Armstrong stated in a Wall Street Journal article that possible laws under the Biden administration would mandate that stablecoins keep all of their deposits in U.S. Treasury bonds and submit to regular audits for incr... cryptonews

U.S. Court Grants Coinbase Rare Appeal in SEC Legal Battle The Securities and Exchange Commission (SEC) has given Coinbase, the biggest cryptocurrency exchange in the US, a crucial chance to refute allegations. The Southern District of New York's Judge Katherine Polk Failla granted the company's request for an interlocutory appeal, halting the current case to resolve important legal issues. Coinbase can contest whether the SEC's claims are consistent with current securities regulations through the in... cryptonews today

Coinbase Delists Tether and MiCA Noncompliant Stablecoins Amid Regulatory Push Coinbase has declared that, in accordance with the Markets in Crypto-Assets (MiCA) regulatory framework, it will delist a number of stablecoins for European users, including Tether (USDT). The modifications, which go into effect on December 13, represent a dramatic transformation in the European Union's bitcoin environment. The action targets stablecoins like as Tether, PAX, PYUSD, GUSD, GYEN, and Maker's DAI that are thought to be in violati... cryptocurrency news Coinatory

Coinbase Adds PNUT Meme Coin to Asset Roadmap The Meme Coin Inspired by Peanut the Squirrel Joins Coinbase's Roadmap PNUT, a meme coin inspired by the internet-famous squirrel Peanut, has been added to Coinbase's asset roadmap, signaling the possibility of a future listing. While a listing is not guaranteed, such inclusions often draw attention to new projects and boost their visibility. The Present Market Position of PNUT Since Coinbase's announcement, PNUT has seen a 25.3% price ... cryptonews

Coinbase Integrates Apple Pay for Seamless Crypto Purchases Coinbase's Onramp platform now supports Apple Pay, greatly simplifying the process of converting fiat money into cryptocurrency. By facilitating quicker, easier transactions using a reliable payment mechanism that millions of iPhone users are accustomed to, this integration seeks to address long-standing issues with crypto onboarding. Apple Pay is now supported by Onramp, a framework created for developers to incorporate cryptocurrency buyin... cryptocurrency news today