Coinbase counters WSJ claim its Risk Solutions group engaged in $100M proprie...
In a blog post, Coinbase said the WSJ seemed to confuse the nature of a transaction earlier this year made using money raised through a structured note that was later sold. The Wall Street Journal and Coinbase are having a difference in definitions. The newspaper published an alleged account of the digital asset exchange’s trading activities earlier this year that it claims amount to proprietary trading. Coinbase responded in a blog post that it had done no such thing.Relying on information supplied by “people at the company,” the WSJ wrote on Thursday that Coinbase made a $100-million....
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Two weeks ago, managing partner of Berns Weiss LLP Jeffrey K. Burns filed a motion to set aside the “John Doe” summons against any and all American Coinbase customers. Today, the IRS had an interesting response for Mr. Berns. IRS Counters: Berns’ ‘Motion is Moot’. The Bitcoin community has been somewhat justified in their disturbance over the recent “John Doe” summons against any and all American Coinbase customers a little over one month ago. Thusly, Coinbase is subject to this legislative tool used for retrieving bulk data from companies, rather than details of specific known customers,....
Crypto exchange Coinbase replied to a report from The Wall Street Journal about an alleged new trading venture. Since its debut as a publicly traded company in the United States, the company’s stock has moved in tandem with the crypto market recording a 75% loss on its equity. Related Reading: TALKING HEADS: What Does The […]
USAA's recent entrance into the bitcoin space may have been driven, in part, by interest in the technology among its own membership. The Fortune 500 financial services company, based in Texas, was among a diverse group of investors that took part in Coinbase's $75 million Series C funding round, which was announced earlier this month. USAA, founded in 1922, focuses primarily on the US military and veteran market. The financial group's head of corporate development, Vic Pascucci, said that USAA envisions digital currencies playing a possible role in future services, and cited internal data....
Popular Bitcoin (BTC) exchange platform Coinbase has filed to go public this week. Within the company’s filing with the US Securities and Exchange Commission, it has been revealed that the San Francisco-based giant considers a comeback from the coin’s creator Satoshi Nakamoto a serious risk to its business. Here’s why the crypto exchange is so fearful of the mysterious individual or group behind the pseudonym. Coinbase Fears A Comeback By Satoshi Nakamoto Coinbase has long […]
Mango Markets was victim to the latest exploit this week, as crypto cannot seem to escape an absolutely abhorrent Tuesday. Two exploits less than one day apart – and less than a week after the BNB Chain exploit that utilized a bridge to create millions of new BNB. Another nine-figure exploit has rocked the crypto sphere, this time with Solana-based Mango Markets. The protocol faced a massive drain of funds, over $100M worth, after a hacker drained the project through price manipulation and high-dollar leverage. Let’s look at this latest exploit and what we know in the early....