Tag Archives: coinbase

In the final days leading up to Ethereum’s historic “Merge,” the largest American cryptocurrency exchange has provided some insight into the risks associated with the upgrade.  Coinbase’s Senior Protocol Specialist Ben Rodriguez explained that the Merge may come with technical and operational risks, alongside risks for miners and dapp users. Risks of the Merge Per Rodriguez’s latest post, the merge will be “the most technically complex upgrade to have ever happened in...

The U.S. Department of Justice released a statement on September 12 reporting that Nikhil Wahi, brother of ex-Coinbase product manager Ishan Wahi, pleaded guilty to committing cryptocurrency wire fraud using insider information sourced from his brother. Per the release, Nikhil Wahi faces up to 20 years of possible jail time. In addition, he will have to forfeit all unlawfully obtained monetary gains. Ishan Wahi, on the other hand, pleaded not guilty in early August to the...

America’s largest cryptocurrency exchange is supporting a legal challenge against the U.S. Treasury Department following its sanctions against the privacy protocol Tornado Cash. The lawsuit’s plaintiffs include 6 individuals who have personally used the mixer, some of which include Coinbase employees. Defending Tornado’s Use Cases As reported by CNBC, Coinbase’s senior security risk analyst said he used Tornado Cash to anonymize his cryptocurrency donations to Ukraine, for...

Coinbase – one of the largest and most popular digital currency exchanges in the world – is teaming up with investing giant BlackRock to give its customers the opportunity to trade digital assets. Coinbase and BlackRock Join Hands Joseph Chalom – global head of strategic ecosystem partnerships at BlackRock – explained in a recent interview: Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to...

Binance.US – the American division of Binance, arguably the largest and most popular digital currency exchange in the world – has removed the Amp token given that the Securities and Exchange Commission (SEC) views the asset as a potential security. Binance does not want to get in the middle of what could be a huge legal fight and is apparently removing the token from its listings altogether. Binance Says “No” To Amp Listing There is growing concern as of late about the...

Coinbase – one of the world’s largest and most powerful digital currency exchanges – is not happy with the Securities and Exchange Commission (SEC), claiming the agency has not implemented efficient crypto regulations. The company has now filed a petition criticizing the organization and calling for fair regulation within America’s legal spectrum. Coinbase Isn’t too Happy with the SEC Faryar Shirzad – chief policy officer at Coinbase – explained in a recent statement...

Brian Armstrong – Chief Executive Officer of Coinbase – expects the ongoing crypto winter to last around 12 to 18 months. However, he admitted that his company is prepared for a prolonged bear market because it coincides with a broader macroeconomic crisis. Armstrong believes Coinbase will not have problems enduring the negative conditions since it has passed through similar market declines four times in its ten-year-old existence. It Should be Over by the end of 2023 In a...

Coinbase is one of the world’s largest and most powerful cryptocurrency exchanges, but lately, it’s having a hard time. Coinbase Is Being Looked at by the SEC Things started out rough a few months ago when the company announced it was going to be enforcing a hiring freeze due to the ongoing crypto winter. Initially, 2022 was going to be the year in which the exchange rose to new heights and practically tripled its workforce, but crashing prices ultimately brought an end...

Coinbase is being sued by one of its users for failing to keep its customers’ accounts accessible in periods of high market volatility. Acting on behalf of all Coinbase wallet and account holders, plaintiff George Kattula alleges that the exchange “does not properly employ standard practices to keep consumers’ accounts secure”. Unkept Promises at Coinbase? According to the plaintiff’s filing, Coinbase “improperly and unreasonably locks out its consumers from accessing their...

A former Coinbase employee and two of his comrades have been arrested by the Department of Justice (DOJ) following reports that the employee had conducted insider trading and passed along confidential information to his cohorts about which coins would be listed on the exchange in the future. A Man Who Worked with Coinbase Has Been Arrested The former employee – a man named Ishan Wahi – was part of the team at Coinbase that listed assets on the trading platform. The data...