Tag: Coinbase

‘We screwed up’ — Coinbase CLO responds to outrage after exchange associated Pepe with hate groups

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Coinbase chief legal officer Paul Grewal has issued an apology after the crypto exchange sent out an email labeling the Pepe the Frog meme as a “hate symbol” — a move that prompted many users to call for a boycott. In a May 11 tweet, Grewal said Coinbase had “screwed up” in sharing information about the Pepe meme, which included that it had been co-opted by many alt-right groups as a hate symbol. According to the Coinbase CLO, the exchange was attempting “to provide a fact-based picture of a trending…

Coinbase Newsletter Irks Crypto Twitter by Pointing Out Pepe Meme’s Connection to ‘Alt-Right’

CryptoX – Cryptocurrency Analysis and News Portal “The token is based on the Pepe the Frog meme, which first surfaced on the internet nearly 20 years ago as a comic-strip character,” the Coinbase newsletter said. “Over time it has been co-opted as a hate symbol by alt-right groups, according to the Anti-Defamation League.” Source The post Coinbase Newsletter Irks Crypto Twitter by Pointing Out Pepe Meme’s Connection to ‘Alt-Right’ appeared first on CryptoX. CryptoX Portal

Coinbase calls PEPE a ‘hate symbol,’ prompting calls to boycott the exchange

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An email sent out to Coinbase customers describing memecoin Pepe (PEPE) as a “hate symbol” co-opted by alt-right groups has drawn significant ire from the memecoin community.  Prominent crypto influencer Borovik.eth shared a screenshot of the email newsletter from May 10 to his 96,000 followers, which cites a 2016 decision from the Anti-Defamation League to place the frog-themed character in its database of online hate symbols. Why is @coinbase sending out emails telling people that $pepe is an alt-right hate symbol?? pic.twitter.com/UNzClQlwwv — borovik.eth (@3orovik) May 11, 2023 Fans and…

Coinbase Says UAE Is Important Strategic Hub for Crypto Exchange’s Global Operations

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US crypto exchange giant Coinbase is calling the United Arab Emirates (UAE) a possible key location for its planned expansion of global operations. According to a new blog post, Coinbase CEO Brian Armstrong and other executives are meeting with UAE policymakers in Dubai as they consider expanding to the crypto-friendly region. Says Coinbase, “Crypto and Web3 serve as enormous opportunities for economic and technological diversification for the UAE, and the region has the potential to be a strategic hub for Coinbase, amplifying our efforts across the world.” The visit comes…

OKX takes a subtle jab at Coinbase in new ad campaign

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It comes after Coinbase launched a campaign on March 9 called “It’s time to update the system.” OKX’s message came at the end of a 60-second video campaign launched May 9 that takes aim at the so-called “broken ways” of the centralized financial system. Crypto exchange OKX has seemingly called out rival exchange Coinbase in a new global ad campaign that argues “the system doesn’t need an update, it needs a rewrite.”  While the video doesn’t reference Coinbase directly, it does appear to take a subtle dig at the exchange…

Former Coinbase product manager behind insider trading case sentenced to 2 years in prison

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A federal judge has sentenced Ishan Wahi, the former product manager at Coinbase Global accused of insider trading, to 24 months in prison. In a May 9 hearing in United States District Court for the Southern District of New York, Judge Loretta Preska sentenced Wahi to 2 years in prison for his role in using confidential information he obtained during his time working at Coinbase to profit off new listings of tokens, totaling up to $1.5 million. Preska ordered Wahi to surrender by June 21 at 2:00 PM ET to…