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March 28, 2024

On the wires

August 25, 2023

On the web

August 17, 2023

On the wires

January 4, 2023

On the wires

Coinbase to Pay $50 Million to Settle NY State Investigation, Invest $50 Million in Compliance


“U.S.-based cryptocurrency exchange Coinbase Inc has reached a $100 million settlement with New York’s Department of Financial Services (DFS), the exchange and the regulator said in statements on Wednesday. The settlement, which includes a $50 million penalty, caps the regulator’s investigation into the firm’s compliance with requirements to prevent money laundering. The department found Coinbase treated its onboarding requirements for customers as a “simple check-the-box” and had not done sufficient background checks, the regulator said.”

June 14, 2022

On the web

Coinbase Announces 1,100 Layoffs as CEO Warns of ‘Recession’ and ‘Crypto Winter’


“Coinbase, the largest U.S. based crypto exchange, said it would be reducing its workforce by 18%, laying off approximately 1,100 employees after volatile crypto markets have lost more than $2 trillion in value since 2021. In a Tuesday morning blog post, Coinbase CEO Brian Armstrong announced the decision and warned of a recession and a looming crypto winter. “We appear to be entering a recession after a 10+ year economic boom. A recession could lead to another crypto winter, and could last for an extended period,” Armstrong wrote. “In past crypto winters, trading revenue (our largest revenue source) has declined significantly. While it’s hard to predict the economy or the markets, we always plan for the worst so we can operate the business through any environment.” Armstrong also appeared to take responsibility for business mistakes that led to such massive layoffs at his company.”

July 1, 2021

On the wires

Embracing decentralization at Coinbase

“The cryptoeconomy is still in its early stages, but it is clear that every year more and more economic activity will take place on crypto rails. Coinbase is the trusted bridge to the cryptoeconomy today, but we need to become the place people also go to actually participate in the cryptoeconomy. We’re seeing crypto quickly mature from its initial use case of trading bitcoin to the trading of thousands of new assets, and the adoption of new use cases like Decentralized Finance (DeFi), NFTs, smart contracts, Decentralized Autonomous Organizations (DAOs), and more. Much of this is relatively new and there are challenges to using it, but I see it as the future of where this industry is going. In the same way we helped people access Bitcoin for the first time in a trusted, easy way — we need to do the same for the decentralized cryptoeconomy.”

June 23, 2021

On the web

Coinbase Verified Users Projected to Grow by 30% in 2021 to Hit Over 70 Million


Coinbase has established a grip in the cryptocurrency space, remaining one of the attractive destinations for investors intending to take part in the digital currency space. Consequently, the exchange is expected to continue recording an influx of more users.   According to data analyzed by Finbold , Coinbase verified users are projected to hit 72.8 million by the end of 2021. The projection is based on an analysis of the exchange’s verified user growth rate over the last three years and several fundamental factors that will be mentioned later in our article.”

June 1, 2021

On the wires

October 28, 2020

On the web

February 19, 2020

On the web

Coinbase becomes a Visa Principal Member to double down on debit card

Tech Crunch

“Cryptocurrency company Coinbase has been working with Paysafe to issue the Coinbase Card , a Visa debit card that works with your Coinbase account balance. The company is now a Visa Principal Member, which should help Coinbase rely less on Paysafe and control a bigger chunk of the card payment stack. Coinbase says it is the only cryptocurrency company that has reached that level of certification. The company will offer the Coinbase Card in more markets in the future. The new status could open up more possibilities and features as well.”

November 26, 2018

On the web

October 23, 2018

On the web

August 16, 2018

On the wires

Goodbye Toshi, hello Coinbase Wallet — the easiest and most secure crypto wallet and browser

“Today, we’re proud to announce that Toshi is becoming Coinbase Wallet. This is not just a new name, but part of a larger effort to invest in products that will define the future of the decentralized web and make that future accessible to anyone. At Coinbase, we believe that the applications of the future will be built on a decentralized internet (the blockchain). Everyone will own a crypto wallet that allows them to access decentralized applications (dapps) and that wallet will be their gateway to the open financial system.”

July 25, 2018

On the web

Coinbase Lets You Convert Your Tokens Into Gift Cards


“It’s still quite hard to buy physical goods using bitcoins or ethers. Coinbase plans to (partially) solve that issue with a new partnership with WeGift. Coinbase customers in Europe and Australia can now convert their tokens on their Coinbase account into digital gift cards for popular stores. For instance, you’ll be able to buy gift cards for Uber, Tesco, Google Play, Marks and Spencer and more. The feature is now live in the U.K., Spain, France, Italy, Netherlands and Australia.”

July 17, 2018

On the web

Coinbase Reportedly Gets Approval From U.S. Regulators To Start Listing Tokenized Securities


“Today’s news opens up the scope of Coinbase’s ambitions to the billions of dollars that have been raised in initial coin offerings over the past several months. With permission to trade tokenized securities, Coinbase users could soon have the ability to move beyond the limited cryptocurrency options currently available to be traded on the site’s central exchange which currently just lists Bitcoin, Bitcoin Cash, Ethereum and Litecoin.”

March 19, 2018

On the web

Cryptocurrency exchange Coinbase to allow Faster Payments


“UK-based Coinbase users had been complaining that withdrawing money from the exchange was nearly “impossible”, because it involved using a Single Euro Payments Area (SEPA) transfer which is basically a bank transfer that crosses international borders. But Coinbase has now announced that the Faster Payments Service (FPS) – the usual way you send money between UK bank accounts – will replace SEPA transfers.”

March 14, 2018

Top Post

Coinbase Gets a U.K. Money License and Reportedly a Bank Account


Coinbase Inc., one of the largest cryptocurrency exchanges, said it obtained an e-money license in the U.K. as it expands services in Europe. A local subsidiary also opened an account at Barclays Plc, easing deposits and withdrawal for clients, the Financial Times said. The license will let Coinbase provide payment services and issue e-money in the country, enabling it to strike more partnerships with other companies, the venture said Wednesday in a statement. The rights, granted by the nation’s Financial Conduct Authority, will extend to more than 20 other European Union countries, it said.”

March 5, 2018

On the web

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