In a modern age driven by technological advancement, five states—California, New Jersey, Maryland, Washington, and Wisconsin—are engaged in conflicts with Coinbase over its staking program. These states have taken a confrontational stance against the crypto giant, operating under the assumption that staking services constitute unregistered securities. This approach not only undermines technological innovation but also
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Riot Platforms has recently secured a credit agreement worth $100 million with Coinbase, a strategic move that positions the company to bolster its expansion efforts in a tumultuous market. By using its substantial Bitcoin holdings—approximately 19,233 BTC valued around $1.8 billion—as collateral, Riot stands out as a prominent player among corporate Bitcoin holders. This approach
In an unexpected yet calculated move, the Alabama Securities Commission has chosen to withdraw its legal actions against Coinbase concerning the contentious staking program. This decision surfaces amid an intricate web of federal changes and evolving regulatory standards, highlighting the precarious nature of legislative frameworks surrounding cryptocurrencies. With the number of active state-level lawsuits dwindling
In an environment where digital currency mishaps can lead to irreversible losses, Coinbase’s recent announcement about extending its self-service asset recovery tool to the Solana network has ignited hope among crypto users. This innovative feature allows users to reclaim certain unsupported SPL tokens mistakenly sent to their Coinbase addresses without the tedious process of submitting
In the aftermath of the Bybit hack, the situation has taken a dreadful turn as the amount of stolen funds disappearing into the black hole of the blockchain has skyrocketed. The most alarming revelation from Bybit CEO Ben Zhou is that about $400 million—an astonishing 27.6% of the total $1.4 billion in stolen Ethereum—is now
Vietnam is on the brink of a transformative change in its financial landscape, as the Ministry of Finance gears up to unveil a pilot crypto trading platform with assistance from Bybit. This initiative, announced on April 18, underscores a critical recognition: the necessity for regulation in a market ripe with risks. By taking proactive steps
The cryptocurrency landscape is rife with innovation and opportunity, but it also harbors a darker side. Recent discussions from the podcast “The Chopping Block” unveiled a disturbing scandal involving the OM token, connected to the Mantra team and certain market makers. What transpired is a sobering reminder of how easily deception can be woven into
Bybit’s recent announcement to phase out its Web3 products by May 2025 marks a pivotal moment in the cryptocurrency landscape. While the move may be framed as a strategic shift towards efficiency and user-centered products, the reality is far more complex. The discontinuation of services like Bybit’s Cloud Wallet and Keyless Wallet raises serious questions
On April 15, a significant disruption occurred within Amazon Web Services (AWS) that unleashed a wave of skepticism about the resilience of centralized architectures within the cryptocurrency sector. This sudden outage served as a stark reminder of the vulnerabilities that accompany relying on centralized platforms, especially those purporting to offer a decentralized digital ecosystem. In
On April 13, the cryptocurrency landscape witnessed a shocking downturn when OM, the native token of the Mantra blockchain, saw its value plummet from a respectable $6.30 to a staggering low of below $0.50. This catastrophic drop not only erased a heartbreaking $5 billion from its market capitalization but also left investors reeling as numbers