The digital currency exchange is expanding its Coinbase Rewards platform, which allows users to collect interest on digital currency deposits.
Coinbase, along with Gemini, Kraken, and Binance, blacklisted the alleged hacker’s address, preventing their users from sending BTC.
The IRS signed a one-year US$124,950 contract with Coinbase that gives them access to Coinbase Analytics.
This week in digital currency and blockchain, we see the winds of greater regulation start to blow across the sector.
Researcher Jim Harper received a letter stating the IRS “had reason to believe” he had not paid full tax on his digital currency dealings.
The Secret Service paid $183,750 for a four-year contract with digital currency exchange that allows them to use Coinbase Analytics.
There is no Fourth Amendment expectation of privacy in the user information stored either on exchanges like Coinbase or the blockchain.
Coinbase is expected to pursue its listing on a U.S. stock exchange as early as late 2020 or early 2021.
Coinbase users removed over $200 million worth of BTC after reports surfaced that the platform offered its analytics to federal authorities.
Coinbase recently published an article stating it was "continuing to explore the addition of new assets for customers around the world."
Coinbase has offered to license out its analytics platform to the U.S. Internal Revenue Service and the Drug Enforcement Administration.