George Osborne joins Coinbase in advisory role

Former UK chancellor of the exchequer George Osborne has joined US crypto provider Coinbase as part of the firm’s global advisory council.

The advisory council is aimed at informing Coinbase’s global strategy. Recent licenses have been secured in France, Singapore, Spain, and Bermuda, as well as expanding access to Coinbase products across 20 African countries.

Closer to home however, Coinbase is facing scrutiny from US regulators. The Securities and Exchange...

Blockchain Expo Europe: Unearthing the catalysts for institutional crypto adoption

In a fireside chat at Blockchain Expo Europe, James Morek, Co-Head of Institutional Sales EMEA & APAC at Coinbase, and Nick Philpott, CEO of Zodia Markets, shared their insights on what is needed for institutional crypto adoption.

The conversation delved into critical topics such as regulatory collaboration, the role of decentralised technology, and the impact of blockchain and stablecoins on financial transactions.

Regulatory collaboration and frameworks

The...

Coinbase’s CEO shares his top 10 most exciting Web3 ideas

Coinbase co-founder and CEO Brian Armstrong is basking in the glow of a successful week as the value of his company's stocks soared, riding on the rising hopes for a Bitcoin spot Exchange-Traded Fund (ETF).

Armstrong kept the good vibes going by sharing the 10 ideas he’s “most excited about” in the Web3 space.

"We're actively developing numerous projects at Coinbase, but considering the vast landscape, it's not possible to tackle everything. Therefore, I thought...

Coinbase wants inflation-pegged flatcoins on layer-2 ‘Base’ network

Inflation

US crypto exchange Coinbase wants inflation-pegged “flatcoins” to be one of four “critical” innovations it hopes to see on its newly launched layer-2 network, Base.

The company also wants developers to explore an on-chain reputation system, an on-chain limit order book (LOB) exchange, and tools to improve safety in decentralised finance (DeFi).

Coinbase announced the four areas in a ‘Request for Builders’ post, published a month after launching Base – a...

Coinbase is launching its own layer-2 network, called ‘Base’

Ethereum

US crypto exchange Coinbase is launching its own Ethereum layer-2 network, called Base.

The NASDAQ-listed company says the new network will provide a low-cost and developer-friendly environment for creating decentralised apps (DApps).

Base has been designed as a bridge to onboard users into the crypto economy, providing access to other layer-1 blockchains like Solana and making it interoperable with other...

Coinbase cuts 60 more jobs as web3 layoffs continue

Layoffs

Major crypto exchange Coinbase is cutting 60 jobs as layoffs continue to plague the bearish cryptocurrency market.

The employees from Coinbase’s recruitment and onboarding teams will lose their jobs as the crypto industry continues to suffer from the dramatic downfall of a major Coinbase competitor, FTX.

This marks the second round of job cuts Coinbase has had to make this year, albeit far smaller than the 1,100 employees who were laid off in June.

The...

Former Coinbase manager charged with insider trading

A former manager for popular cryptocurrency exchange Coinbase has been charged with insider trading.

32-year-old Ishan Wahi was a product manager at Coinbase Global. The Seattle resident was arrested alongside his 26-year-old brother Nikhil Wahi on Thursday morning.

The Wahi brothers allegedly used insider information about which cryptocurrencies were due to be listed by Coinbase – which historically has substantially increased their value – to purchase them in...

Coinbase launches NFT marketplace with a focus on community

Coinbase NFT

Coinbase, the largest US crypto exchange, has finally launched the beta version of its NFT marketplace six months after announcing its impending arrival.

The creatively named ‘Coinbase NFT’ will have to compete with more established marketplaces, most notably OpenSea and LooksRare, and thus the company has sought out ways to differentiate its offering.

"We're building a marketplace where you can buy and sell NFTs, of course, but more importantly, you can engage,"...

Coinbase smashes expectations with Q4 2021 results

Earnings Report

Crypto trading giant Coinbase saw its shares climb by 12.5% on February 24 following the company’s fourth quarter results smashing expectations.

Despite the positive results, the company expects its monthly transacting users and total trading volume to decline in the first quarter of 2022 following recent volatility in the crypto asset space.

In 2021’s final three months, Coinbase pulled in $2.5 billion (£1.87bn) in total revenue, up 327% from the year-ago quarter...

Phishing attack leaves at least 6,000 Coinbase accounts breached

Phishing

A suspected phishing attack has led to at least 6,000 of Coinbase’s users having cryptocurrency stolen from their accounts.

The Nasdaq-listed crypto exchange sent a breach notification letter to affected customers notifying them of the hack, which is believed who have taken place between March and 20 May this year.

The hackers gained access to users’ email addresses, passwords, and phone numbers, but Coinbase has said they cannot confirm how exactly this data was...