Coinbase reveals customer assets are not safe as collapse starts
Coinbase reported a loss of US$430 million in Q1 2022 as revenue slipped 27% compared to a year ago, and the stock ($COIN) has now lost 70% of its value since March.
Latest Coinbase News
Coinbase loses $430 million, blames ‘irrationally pessimistic’ customers
Cryptocurrency exchange Coinbase lost close to half-a-billion dollars in the first quarter of 2022, which helped push its stock price down to less than one-fifth of the all-time high set a little over one year ago.
Jerry Chan on CoinGeek Weekly Livestream: Coinbase, Kraken defending themselves in Craig Wright’s passing-off fake Bitcoin claim
Jerry Chan, former Wall Street technologist at Goldman Sachs, shares his own analysis on the case filed by Dr. Craig Wright against Coinbase and Kraken.
Joshua Henslee on Craig Wright suing Coinbase and Kraken: ‘From a logical standpoint, this case is open and shut’
Coinbase can't simply dismiss or ignore Dr. Craig Wright’s claim, that they'll have to acknowledge the suit and inform their investors about the potential risks, Joshua Henslee noted in his latest video.
Coinbase faces (w)reckoning for ‘passing off’ BTC as fake Bitcoin
Coinbase’s refusal to respect Dr. Craig Wright’s intellectual property rights could result in the digital currency exchange facing liabilities that vastly exceed any profits derived from its ill-conceived strategy.
‘Passing-off’ fake Bitcoin: How screwed are Kraken and Coinbase?
With the launch of Dr. Craig Wright’s colossal lawsuit accusing exchanges Coinbase and Kraken of passing-off digital assets (such as BTC) as Bitcoin, the term is likely to become a popular topic of discussion among digital asset circles.
The CoinGeek Pulse Episode 87: Bitcoin creator sues Coinbase and Kraken, SPV LiteClient Toolbox launches
Satoshi Nakamoto, the inventor of Bitcoin, is legally going after digital currency exchanges Coinbase and Kraken over their misrepresentation of BTC as Bitcoin.
About Coinbase
Coinbase doesn’t care about anything other than making money. For them, the law is secondary and they intentionally chose to overlook it.
Craig Wright accuses Coinbase, Kraken of ‘passing off’ fake Bitcoin in lawsuit worth hundreds of billions of pounds
Bitcoin creator Dr. Craig Wright is suing Coinbase and Kraken over their use of the name Bitcoin in relation to assets that do not conform to the system described in the white paper.
PayPal CEO Dan Schulman: ‘We need to double down on the digital wallet’
Dan Schulman announced the plan during the company's Q1 2022 earnings call on April 27, saying that this feature is the future of PayPal and the payments industry.
Can source of funds crash digital currency market? Here’s how
Source of funds is a set of rules that order banks and other financial institutions to know where and how their clients obtained funds before accepting them into their bank accounts.
The socially modest but technologically ambitious Bitcoin
The real Bitcoin (BSV) has a socially modest but technologically ambitious goal: to provide a more efficient tool to a world in which basic social order based on an operative government exists.