Coinbase’s troubles after a recent user data breach have intensified on the legal front over the weekend. At least six lawsuits have been filed against the US-based exchange following the cybersecurity incident, a report by CoinTelegraph claimed on Monday. The exchange, in these legal filings, has been accused of failing to protect user security and … Read more
Coinbase recently disclosed a cyberattack on its network. As part of the attack, cybercriminals managed to steal funds from exposed users under false claims. The crypto exchange said it will voluntarily reimburse users affected by the data breach. In a filing with the US Securities and Exchange Commission (SEC), the exchange preliminarily estimated that these … Read more
Coinbase and Animoca Brands have joined a group of institutional investors to announce an accelerator initiative in the UK, focused on Web3 projects. Fabric Ventures and Founders Factory are also part of the programme, that will allow promising Web3 startups to gain financial aid of up to GBP 250,000 (roughly Rs. 2.85 crore). The firms … Read more
Coinbase has received approval to operate as a regulated crypto exchange in the UK. The country’s Financial Conduct Authority (FCA) has granted the firm a Virtual Asset Service Provider (VASP) licence. The US-based exchange announced the development on Monday, stating that it would be able to offer additional services in the UK. As the country … Read more
Coinbase CEO Brian Armstrong has raised concerns about the rising number of crypto tokens flooding the market. In a post on X Sunday, Armstrong claimed one million crypto tokens were being created on a weekly basis. With the massive influx of new tokens, he said, evaluating each token was no longer feasible. As per CoinMarketCap, … Read more