The version (v)3 concentrated liquidity pools will become available on popular chains, including Ethereum, Arbitrum and Polygon, BSC and Avalanche. The launch aims to expose liquidity providers to larger trading volumes and liquidity while reducing exposure to financial risks. The pools are designed to offer greater flexibility to traders, SushiSwap business development lead Alex Shefrin told CoinDesk. Source
On May 3 at 18:40, the OKX exchange opened the spot selling of the SUI/USDT pair. Unfortunately, traders experienced a technical issue with canceling orders to buy SUI. This was announced on Twitter by the founder of OKX, Star Xu. The platform could not rectify the problem immediately, causing inconvenience to traders who were affected. Following the technical issue with the SUI token trading on the OKX exchange, customers who had placed orders to buy SUI tokens at a price exceeding 1.3 USDT could not cancel their trades. In response,…
“We regularly evaluate our products to ensure we’re prioritizing the offerings that our customers care about most,” the spokesperson said. “Effective May 10, we will stop issuing new loans through Coinbase Borrow. There is no impact on customers’ outstanding loans, and no action is required from them at this time.” Source
The Nasdaq-listed cryptocurrency exchange Coinbase has been accused of “wrongfully” profiting from its users’ facial and fingerprint scans. “Coinbase collects, stores, possesses, otherwise obtains, uses, and disseminates its users’ biometric data to, amongst other things, further enhance Coinbase and its online ‘app-based’ Platform,” a proposed class action lawsuit details. Coinbase ‘Wrongfully Profits’ From Users’ Facial and Fingerprint Scans A proposed class action lawsuit, filed Monday in the Northern District of California, alleges that the Nasdaq-listed cryptocurrency exchange Coinbase (Nasdaq: COIN) illegally collects face templates and fingerprints of its customers in…
According to Wednesday’s filing, Alameda repaid $1.8 billion in loans to Genesis and pledged $273 million to Genesis in the 90 days before the various FTX companies filed for bankruptcy. Genesis also withdrew another $1.6 billion from FTX, while Genesis Global Capital International withdrew another $213 million in that same period. Source
Cathie Wood’s ARK Invest is ramping up its acquisition of Coinbase (COIN) stock as the crypto exchange platform expands outside of the US. New data from Cathie’s Ark, a platform that tracks the investment of ARK Invest, reveals that the firm made three separate purchases of COIN on May 2nd that amounted to $7.35 million. The day before, data shows ARK making three purchases worth about $8.4 million. The accumulation spree coincides with Coinbases’s recent announcement that it will be expanding its services to the world due to regulatory uncertainty…
Traders of U.S.-based crypto exchange Coinbase (COIN) will likely get some relief when the company reports first quarter earnings for 2023 on Thursday. Source
Enclave Spot is secured by independent attestors, including Blockdaemon, Ava Labs, Republic Crypto and Enclave.. Source
The Coinbase International Exchange will provide institutional clients outside of the US with BTC and ETH contracts and up to 5x in leverage. Crypto exchange Coinbase has launched an international exchange to offer its teeming institutional clients an expanded portfolio of crypto services. According to the company, the new Coinbase International Exchange lists contracts for Bitcoin (BTC) and Ether (ETH) perpetual futures. In an official announcement, Coinbase said it received a regulatory license from the Bermuda Monetary Authority (BMA). The company said Coinbase International Exchange’s perpetual futures trading is available in eligible…
A newly filed class action lawsuit against Coinbase alleges that the top US crypto exchange illegally stored platform users’ fingerprint and facial scans. The lawsuit, which was filed in California District Court by plaintiff Michael Massel, an Illinois resident who opened a Coinbase account five years ago, alleges that the platform violated the state’s Biometric Information Privacy Act (BIPA). According to the lawsuit, Coinbase requires customers to provide fingerprint and facial scans along with a state-issued ID as part of its authentication process to use its services But the lawsuit…