In the world of cryptocurrency, trust is both fragile and foundational. The recent social engineering scam targeting Coinbase users exposed just how quickly this delicate trust can crumble. Contributor Qiao Wang shed light on a sophisticated scam involving impersonation and insider data breaches that resulted in substantial financial loss for unsuspecting users. Coinbase had previously
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On May 14, in a striking move that buzzed across social media, Coinbase CEO Brian Armstrong publicly invited employees from the U.S. Department of Government Efficiency (DOGE) to seek a future at his thriving cryptocurrency exchange. This call to action is not only intriguing, but it also raises questions about the potential for innovation when
As the cryptocurrency market evolves, the glaring disparities between its liquidity and that of traditional financial markets become increasingly concerning. Recent insights from a report by S&P Global paint a sobering picture of liquidity metrics across various trading platforms, particularly centralized exchanges (CEXs) versus decentralized exchanges (DEXs). The reality is that, despite burgeoning interest and
In an ambitious move, Backpack has reopened the withdrawal window for former users of the FTX EU exchange, a beacon of hope for those who suffered losses in the aftermath of FTX’s dramatic collapse. As of May 12, 2025, the claims process is now active, allowing distraught European customers a pathway to reclaim their frozen
The intertwining of politics and cryptocurrency continues to make headlines, not the least of which is the recent scrutiny of President Donald Trump’s rumored associations with Binance, one of the largest cryptocurrency exchanges in the world. A bipartisan group of Democratic senators, including prominent figures like Elizabeth Warren and Chris Van Hollen, has demanded that
In a landmark decision, Coinbase has agreed to acquire Deribit, a prominent crypto derivatives platform, for a staggering $2.9 billion. This acquisition isn’t merely a financial transaction; it’s a strategic maneuver that reflects the growing urgency for Coinbase to solidify its position in the burgeoning crypto derivatives market. As the backbone of cryptocurrency trading, derivatives
In a disheartening development for the cryptocurrency community, recent revelations by blockchain investigator ZachXBT indicate that Coinbase users have suffered yet another staggering loss of $45 million due to meticulous social engineering scams. This brings the total losses attributed to such scams to over $300 million annually. The situation is dire and illuminates a pattern
In an era where technology is inescapably intertwined with the way we conduct financial transactions, Coinbase has taken a bold leap forward with the introduction of the x402 protocol. This innovative open-source framework, which reimagines the HTTP 402 “Payment Required” status code, presents a transformative shift in how on-chain payments can be executed seamlessly. Launched
The European Union is currently experiencing a seismic shift in its cryptocurrency landscape following the enforcement of the Markets in Crypto-Assets (MiCA) regulations. This transition is not merely a bureaucratic formality; it represents a fundamental restructuring that prioritizes regulatory compliance and user safety. The aim here is clear: to advance cryptocurrency toward mainstream acceptance, a
The shocking decline of MOVE, the native token of the Ethereum-centric Movement Network, has sent ripples through the crypto community, serving as a sobering reminder of how fragile digital assets can be. Following Coinbase’s abrupt decision to delist MOVE, the token encountered a catastrophic 23% drop, tumbling to a staggering low of $0.18. This decline
