Popular crypto exchange, Coinbase, faced a series of significant events. Cyberattacks resulted in the attempted extortion of $20 million ransom, with potentially up to $400 million in costs for Coinbase. However, the company is also expanding its offerings, adding 24/7 trading for XRP and Solana futures and launching 'full control' CDP wallets. Controversially, Coinbase is to delist four cryptocurrencies including RNDR, RBN, MOBILE, and SYN. Legal action is brewing with multiple class action lawsuits over stock drop linked to data breaches and accusations of inflating user numbers. Positive news includes the launch of the Coinbase Bitcoin Yield Fund, Coinbase's return to San Francisco, and achieving a significant milestone by joining the S&P 500. A potentially game-changing event is Coinbase’s acquisition of Deribit, solidifying its position as a major global crypto derivatives platform.
Coinbase News Analytics from Tue, 17 Dec 2024 08:00:00 GMT to Sun, 01 Jun 2025 01:06:05 GMT - Rating -7 - Innovation 7 - Information 10 - Rumor -8
