Exchanges
Blockchain investigator ZachXBT revealed that Coinbase users lost another $45 million over the past week due to coordinated social engineering scams. The update, shared on his Telegram channel, identifies multiple wallet addresses connected to the theft and links the latest activity to a broader pattern of crypto heists that has persisted for months. The report […]
Movement Labs has removed co-founder Rushi Manche and restructured under a new name, Move Industries. The company announced Manche’s termination on May 7, saying: “Movement Labs has terminated Rushi Manche. Movement will continue under different leadership. Details on leadership changes and a revamped governance structure will be coming soon.” The decision follows a high-profile investigation
Coinbase unveiled an open-source protocol for on-chain payments via HTTP called x402. Announced on May 6, the system repurposes the previously unused HTTP 402 “Payment Required” status code to support direct machine-native payments using stablecoins. The protocol enables autonomous agents and applications to pay for API access, data, and services without relying on human intervention,
Coinbase reveals x402 protocol to enable on-chain payments via HTTP Read More »
KuCoin has pushed back against claims suggesting it lost over 77% of its Bitcoin reserves since 2023. The crypto exchange labeled the circulating figures misleading and inaccurate, emphasizing its commitment to transparency and responsible reporting. KuCoin’s falling Bitcoin reserves? The controversy stems from a report by Onchain School, a data-focused platform citing data from CryptoQuant.
The following is a guest post and opinion from Przemysław Kral, CEO of zondacrypto. Since the enforcement of the Markets in Crypto-Assets (MiCA) regulations, the European crypto landscape has been fundamentally reshaped—and for the better. Crypto has now entered an era in which exchanges are required to prioritize regulatory compliance, centering user safety in hopes of
Regulated exchanges hold the key to unlocking the altcoin season Read More »
Kraken started 2025 on a high note, reporting a 19% increase in revenue year-over-year to $472 million for the first quarter. The May 1 earnings statement also highlighted a 1% quarter-over-quarter rise in adjusted EBITDA, reaching $187 million. Meanwhile, the company’s performance indicators showed similar momentum. The firm noted that its total trading volume rose
Kraken achieves revenue boost in Q1 2025 but faces North Korean hacking scare Read More »
The native token of the Ethereum-based Movement Network, MOVE, plunged to a historic low following Coinbase’s delisting amid the ongoing controversy tied to questionable market-making activities. The US crypto exchange announced on May 1 that it would suspend MOVE trading across its platforms by May 15, citing the token’s failure to meet its listing standards.
Coinbase is revolutionizing crypto lending with a nationwide rollout of bitcoin-backed loans up to $1 million, unlocking instant liquidity without triggering taxable events. Borrow up to $1M Without Selling—Coinbase Expands Bitcoin-Backed Loans Nationwide Crypto exchange Coinbase (Nasdaq: COIN) announced on social media platform X on April 30 that its bitcoin-backed loan service is now fully
Coinbase Expands $1M Bitcoin-Backed Loans Nationwide—Global Launch Next Read More »
Coinbase has filed an amicus brief with the US Supreme Court supporting a constitutional challenge to the Internal Revenue Service’s (IRS) broad collection of cryptocurrency user data, arguing it violates Fourth Amendment protections. The filing, submitted on April 30, outlines the company’s opposition to an IRS John Doe summons that compelled the disclosure of detailed
Coinbase Asset Management is launching a new investment product for institutional investors to earn passive income on their bitcoin. The Coinbase Bitcoin Yield Fund (CBYF) goes live on May 1, 2025 and will pay 4% to 8% annual net returns in bitcoin. This product is available to non-U.S. institutional investors only. Investors will subscribe and
Coinbase Launches Bitcoin Yield Fund for Institutions Read More »
