Coinbase’s Base protocol has reportedly pulled the rug out from under users who had invested in its lending service, says a new report. Investors are filing complaints of frozen funds and other issues after the platform’s sudden shutdown.
Coinbase, the largest U.S. cryptocurrency exchange, is now a public company operating on a controversial but fast-growing sector of the tech industry: blockchain. The company has pledged neutrality, vowing to treat all digital assets equally despite potential conflicts.
Despite a significant surge in BTC trading prices and transactions, Ethereum’s Ether has remained relatively flat while its founder Vitalik Buterin transfered $1M to Coinbase. This transfer has been seen as yet another indication of the booming cryptocurrency market.
As crypto speculation fades away, Canadians are choosing to focus on investing in cryptocurrencies for the long-term, according to Coinbase Canada Country Head, Veerbhan Kheterpal. He believes the market is now becoming more mature.
Coinbase’s Layer-2 base, one of the world’s second-largest decentralized exchanges, has eliminated major security vulnerabilities following reports of an exploit found by independent security researchers.
Coinbase, one of the leading cryptocurrency trading platforms, has launched a political initiative featuring a U.S. lawmaker previously cited for ethics violations. The lawmaker, who has acknowledged the violations, is part of the initiative that aims to promote further legislation in the cryptocurrency space.
Coinbase, once seen as the face of crypto, has recently downplayed its enthusiasm, leading some to wonder if it has lost faith in digital currencies. Is this the beginning of the end for crypto?
Coinbase announced a new transfer feature with Voyager, prompting a sell-off of popular crypto assets as the community questioned its impact. Many feared that Voyager’s access to directly buy and sell crypto could cause price manipulation.
U.S. Senator Cynthia Lummis has issued a statement in support of cryptocurrency exchange Coinbase’s legal battle with the Securities and Exchange Commission (SEC). In the statement, Sen. Lummis argued that the SEC’s enforcement action against Coinbase could stifle the development of the burgeoning cryptocurrency industry.
Coinbase’s highly anticipated new blockchain, Base, launched on Wednesday amidst underwhelming demand, attracting only $10 million of inflows. Analysts had predicted a much higher uptake of the product.