In an age where technology promises both convenience and security, the ongoing saga of Coinbase’s recent data breach presents a dismal reminder of the dark undercurrents lurking in the cryptocurrency world. Contributor Qiao Wang’s harrowing account reveals a sophisticated social engineering scam that targets average users, employing tactics that are disturbingly manipulative. The scammers, using
Exchanges
In a surprising but strategically astute public outreach, Coinbase CEO Brian Armstrong has invited employees from the US Department of Government Efficiency (DOGE) to consider transitioning their careers to the cryptocurrency exchange. This unprecedented move signals a significant shift in how traditional industries are rethinking collaboration with government personnel who are eager to drive innovation
The liquidity crisis in cryptocurrency markets stands as a glaring testament to their inefficiency compared to traditional financial systems. Despite the emerging technologies and clever innovation inherent to crypto trading, the reality remains that fragmentation across numerous exchanges serves as a significant barrier to achieving uniform liquidity. According to analysis by S&P Global, the disparate
The recent announcement from Backpack regarding the opening of the withdrawal window for former FTX EU customers is certainly a beacon of hope amidst a tempest of financial uncertainty. This step, initiated on May 12, 2025, signifies a commitment to restoring not only financial assets but also trust within a community that has suffered tremendously
Recent revelations regarding former President Donald Trump’s connections to the cryptocurrency exchange Binance have ignited an increasingly heated debate amongst lawmakers. A group of Democratic senators, including the fierce Elizabeth Warren and the outspoken Chris Van Hollen, has formally requested investigations from the US Treasury and Justice Department. This request stems not only from a
In a move that has the crypto world abuzz, Coinbase has announced its acquisition of Deribit, a leading crypto derivatives platform, for an astonishing $2.9 billion. This marks Coinbase’s largest acquisition to date, showcasing its intent to dominate an increasingly competitive landscape. While the decision to pursue such an aggressive strategy may appear savvy from
In the world of cryptocurrency, few issues are as pressing and dire as the ongoing threat of social engineering scams. Recently, blockchain investigator ZachXBT revealed a staggering loss of $45 million suffered by users of Coinbase over the past week due to these coordinated scams. The grim reality of this situation not only reflects poorly
The introduction of Coinbase’s x402 protocol marks a significant pivot in the domain of digital transactions, redefining how online payments can operate in an increasingly decentralized environment. Utilizing the previously underwhelming HTTP 402 “Payment Required” status code, this innovative protocol is set to revolutionize not just payment methods but the entire technological ecosystem in which
Since the introduction of the Markets in Crypto-Assets (MiCA) framework, the European Union has made a significant leap forward in regulating the cryptocurrency market. This isn’t just another regulatory update—it’s a transformative step that institutionalizes safety, compliance, and ultimately, mainstream adoption. For too long, the crypto landscape was marred by the volatility and reckless behavior
Recent shifts in the world of cryptocurrency have made it painfully clear: even the most promising projects can crash catastrophically. The case of MOVE, the native token of the Ethereum-based Movement Network, epitomizes this volatility. Following a bombshell announcement from Coinbase on May 1, informing users of the token’s imminent delisting, MOVE spiraled into a
