Coinbase, one of the top crypto exchanges, has drawn a lot of attention in the recent weeks mainly due to various circumstances. Risk integration of
Dogecoin and
XRP into its Ethereum Network Base has been one major move. In addition, there have been involvement in various lawsuits, including a $400,000,000 hacking case tied to an employee in India and a wBTC-related legal dispute with BiT Global which has since ended. The platform also experienced a large whale move of $59M XRP ahead of the SEC case deadline stirring up speculation.
Cathie Wood sold her Coinbase shares, raising eyebrows in the investment community. Furthermore, a privacy class action has been slapped on Coinbase over biometric scans. Alongside these events, Coinbase’s CEO shared his view on Bitcoin taking over as reserve currency. Importantly, there were reports of a
data breach at Coinbase that has been connected with a potential $400M loss, with security breaches becoming a serious concern for users.
BlackRock was also reported to purchase $500M Ethereum on the platform. Finally, the company is alleged to shift its securities case to federal court as well, and preparing to acquire Deribit to become a comprehensive global crypto derivative platform.
Coinbase News Analytics from Tue, 28 Jan 2025 08:00:00 GMT to Sun, 08 Jun 2025 00:00:00 GMT -
Rating -4
- Innovation 3
- Information -2
- Rumor -1
