Tag: Coinbase

Coinbase reveals reasons behind recent bridge hacks in crypto

Coinbase’s Institutional research team notes many bridge hacks occurred due to the complexities around source chain commit and cross-chain relay. Cyber incidents related to cross-chain bridges are likely to decrease in the foreseeable future as many protocols continue adopting rollup solutions alongside increased scrutiny on secure designs. According to Coinbase Institutional’s recent research report, most of the largest bridge hacks over the past few years happened due to the complexities around the signing and validation of messages by the relayers. These third-party services facilitate the transaction of data between different…

Coinbase ‘confident’ a U.S. bitcoin ETF will be approved

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Coinbase is confident that a U.S. bitcoin exchange-traded fund will be approved by the U.S. Securities and Exchange Commission, the company’s chief legal officer, Paul Grewal, told CNBC. “I’m quite hopeful that these [ETF] applications will be granted, if only because they should be granted under the law,” Grewal said in an interview with CNBC’s Arjun Kharpal. The SEC was recently dealt a major court setback when a judge ruled that the regulator had no basis to deny digital asset management Grayscale’s bid to turn its huge GBTC bitcoin fund…

Coinbase open sources code for layer-2 network Base

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Coinbase layer-2 network Base has announced it has open-sourced its code repositories and smart contracts to increase transparency and accountability while simultaneously allowing public contributions to the project.  In an Oct. 19 blog post, Base announced that as of today, developers would be granted full access to the network’s codebase. One of Base’s core values is building in the open We believe this is foundational to building an onchain ecosystem, creating accountability, and enabling collaboration In this spirit, we’ve open sourced our smart contract and GitHub reposhttps://t.co/UOgGpNXyFL — Base ️…

Coinbase Picks Ireland as Its Main Regulatory Hub in EU

Coinbase is looking to expand its footprint in Europe amid more crypto-friendly MiCA laws that will allow it to operate in all 27 EU states under a single license. In a major move, crypto exchange Coinbase Glonal Inc (NASDAQ: COIN) has decided that it will select Ireland as its regulatory hub in the entire EU region. Currently, Coinbase already has its presence in Ireland holding an office in Dublin since 2018. As of now, Ireland employs nearly 100 people in Ireland. Coinbase has applied for a license under the EU’s…

Coinbase selects Ireland as its European crypto hub

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The United States-based cryptocurrency exchange Coinbase is strengthening its presence in Europe and has officially announced Ireland as its chosen main European crypto hub. Coinbase has selected Ireland as its EU entity location of compliance with Europe’s major cryptocurrency regulatory framework known as Markets in Crypto-Assets Regulation (MiCA), the firm announced to Cointelegraph on Oct. 19. With MiCA, which is expected to be enforced in late 2024, Coinbase can serve one of the largest economies in the world 450 million people, across 27 countries, under one regulatory framework and with…

Coinbase Picks Ireland for EU Hub As U.S. Regulatory Offensive Builds Up

“Ireland has a supportive political environment for FinTech companies, as well as a globally respected regulator,” said a statement by Coinbase’s Vice President and Regional Managing Director for Europe, the Middle East and Africa, of the EU country that already plays host to tech giants like Apple and Google. “We look forward to working with regulators in Ireland, Germany and beyond, to bring this industry to its full potential with the advent of MiCA.” Source

Coinbase Expands Derivatives Offerings for Non-US Retail Traders

Coinbase now offers crypto derivatives trading to eligible customers outside of the United States, for BTC, LTC, XRP and ETH. Coinbase has taken a significant step to cater to the growing demand for crypto derivatives trading by launching perpetual trading for eligible non-US retail customers. These users can trade perpetual futures through the Coinbase Advanced platform. According to an official announcement, eligible retail customers outside the United States can now access perpetual trading for four cryptocurrencies: Bitcoin (BTC), Litecoin (LTC), Ether (ETH), and XRP. Coinbase also intends to introduce perpetual contracts…

Coinbase Advanced introduces perpetual futures trading

Coinbase Advanced has expanded its offerings to include perpetual futures trading for its non-U.S. retail traders. Coinbase Advanced has unveiled its new feature allowing users to engage in perpetual futures trading, but there’s a catch—it’s exclusive to customers in certain jurisdictions, and the U.S. is not one of them. Users can employ USDC, a stablecoin pegged to the U.S. dollar, to position their bids on four distinct contracts: Bitcoin, Ether, Litecoin, and XRP. Most of these contracts come with the attraction of up to 5x leverage. XRP is the outlier,…

Coinbase Amplifies Anti-Terrorism Financing Measures Through Blockchain Analytics

In an era where digital currencies are gaining traction, ensuring the prevention of their misuse is paramount. On October 17, 2023, Coinbase, a prestigious cryptocurrency exchange, delineated its strategies to combat illicit financial activities, particularly focusing on thwarting terrorism financing, through an official blog post. The essential takeaway is the unwavering stance that no currency – be it fiat, gold, or cryptocurrency – should be utilized in supporting Hamas or any other terrorist entities. This is anchored on the principle of keeping the crypto realm clean from nefarious activities which…

Coinbase lobbying efforts face setback from Hamas’ crypto use: Berenberg analysts

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The use of cryptocurrency by Hamas militants to fund recent attacks on Israel may have set back Coinbase’s crypto lobbying efforts in the United States, says a new investment report from Berenberg Capital Markets.  In an Oct. 18 research note, Berenberg lead analyst Mark Palmer said the primary driver of his “cautious stance” towards Coinbase comes from the various regulatory actions being levied against it in the U.S., along with political headwinds emanating from the Israel-Hamas conflict. Berenberg analysts listed a number of concerns with Coinbases’ future performance. Source: Berenberg…