Coinbase Archives

Coinbase and $20,000,000,000 Hedge Fund Backing New Decentralized Crypto Exchange

March 9, 2023 boss

Top US-based crypto exchange Coinbase is teaming up with a privacy-focused crypto firm to launch a new decentralized exchange (DEX) platform. In a new press release, decentralized finance (DeFi) firm Violet says it plans to launch Mauve, a DEX built with features of both DeFi and traditional finance (TradFi). The company will be collaborating with several prominent investors, such as Coinbase Ventures, venture capital firm FinTech Collective, and $20 billion hedge fund Brevan Howard. According to Violet co-founder Markus Maier, the creation of Mauve was sparked by last year’s high-profile…

Coinbase Launches Wallet-as-a-Service to Bring Millions to Web3 – Bitcoin News

March 9, 2023 boss

On March 8, Coinbase announced the launch of its Wallet-as-a-Service (WaaS) product. The WaaS product aims to “bring the next hundred million consumers into Web3 through a seamless wallet-onboarding experience.” The Coinbase WaaS offers wallet infrastructure application programming interfaces (APIs) to companies, enabling them to build their own custom Web3 crypto wallets. Coinbase’s Wallet-as-a-Service Aims to Simplify Onboarding Coinbase Global (Nasdaq: COIN) has revealed a new addition to its suite of offerings and services: Wallet-as-a-Service (WaaS). In a Twitter thread, Coinbase stated that the WaaS “is a scalable and secure…

Stargate Finance Token Down 8% on Coinbase Delisting

March 8, 2023

In an email to clients, Coinbase said all trading will be suspended on March 14 at 12pm ET. For now, said the email, STG trading has been moved to limit-only mode, which means that users can’t market buy or market sell – they can only add orders to the book. Source

Coinbase Starts ‘Wallet as a Service’ That Companies Can Build Into Their Own Apps

March 8, 2023

The service could be used by gaming apps where tokens or NFTs are part of the game, or by companies that might want to incorporate a wallet into an app and make that “almost invisible to the end user,” Patrick McGregor, Coinbase’s head of product for Web3 developer platforms, said in an interview. Source AppsBuildCoinbasecompaniesServiceStartsWallet CryptoX Portal

Coinbase launches wallet-as-a-service for businesses

March 8, 2023 boss

Crypto exchange Coinbase has launched a new business solution for enterprises looking to offer Web3 wallets to their customers — a move it says will help streamline the adoption of Web3 products and services. Coinbase’s wallet-as-a-service, or WaaS, provides enterprises with the technical infrastructure to create and launch customizable on-chain wallets, the exchange announced on March 8. Specifically, WaaS provides a wallet application programming interface (API) that allows businesses to create wallets for simple customer onboarding, loyalty programs or in-game purchases. According to Coinbase, Web3 wallets have struggled to gain…

Coinbase Starts ‘Wallet as a Service’ Companies Can Build Into Their Own Apps

March 8, 2023

The service could be used by gaming apps where tokens or non-fungible tokens (NFT) are part of the game, or by companies that might want to incorporate a wallet into an app and make that “almost invisible to the end user,” Patrick McGregor, Coinbase’s head of product for Web3 developer platforms, said in an interview. Source

Cathie Wood’s Ark Invest Purchases More Robinhood & Coinbase Shares

March 8, 2023

Investment management powerhouse Ark Invest has added more Robinhood and Coinbase stock to its holdings amid tame tech developments. According to reports, Ark Invest recently shored up on more Robinhood (NASDAQ: HOOD) and Coinbase (NASDAQ: COIN) stock. The Florida-based investment management firm purchased $9.97 million worth of HOOD stock and $3.44 million in COIN yesterday. The purchase also translated to 1.06 million Robinhood shares acquired, with 47,568 Coinbase shares added to the flagship Ark Innovation ETF. In addition, Ark’s COIN purchase saw another 8,031 shares added to its Ark Next Generation Internet ETF. Coinbase’s shares closed…

Cathie Wood’s ARK ignores Silvergate, buys Coinbase stock for 6th straight month

March 8, 2023 boss

Bitcoin (BTC) exchange Coinbase has remained a firm “buy” for ARK Invest throughout its recent price drop. The latest data shows ARK continuing to buy COIN shares despite bankruptcy concerns over Silvergate bank, a major Coinbase partner. ARK ETF keeps topping up on Coinbase stock In the latest demonstration of its fearless approach to the crypto space, ARK purchased another 47,568 shares of Coinbase on March 7. These join the around 6 million shares already held in ARK’s ARKK exchange-traded fund (ETF) at the start of the month, and are…

Debate over 2FA using SMS after sim-swapping victim sues Coinbase

March 8, 2023 boss

The crypto community is debating whether SMS two-factor authentication (2FA) should ever be used for account security following news that a Coinbase customer is suing the cryptocurrency exchange for $96,000. On Mar. 6 Jared Ferguson filed a lawsuit against Coinbase in the United States District Court for the Northern District of California, claiming he lost “90% of his life savings” after funds were withdrawn from his account by identity thieves and Coinbase had refused to reimburse him. Ferguson is said to have fallen prey to a type of identity theft…

Coinbase Sued by Customer Who Says Exchange Refused to Reimburse Him for $96K Lost in Hack

March 7, 2023

“Customers … are responsible for any activity that occurs when those devices or passwords are compromised,” Coinbase told Ferguson in an email, according to the court filing. It added, “Please note you are solely responsible for the security of your email, your passwords, your 2FA codes and your devices.” Source