Binance and Kraken were also targets of social engineering attacks targeting Coinbase customer service representatives.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Analysts downplayed the incidents as isolated and non-material to Coinbase's long-term outlook.
FTX Recovery Trust will begin distributing over $5 billion to creditors on May 30 as part of the company’s Chapter 11 Plan of Reorganization, according to a May 15 statement issued by the Trust. Holders of allowed claims in both Convenience and Non-Convenience Classes who have completed the required pre-distribution steps will receive the funds. […]
The post FTX creditors poised to receive $5B by May 30 in latest distribution round appeared first on CryptoSlate.
The US Securities and Exchange Commission (SEC) is investigating Coinbase to determine whether it misrepresented the number of users on its platform. Coinbase confirmed the news on May 15 after a New York Times article revealed the probe and reported that it had been ongoing since the Biden administration. The report, combined with the exchange […]
The post Coinbase confirms Biden-era SEC probe over ‘verified users’ is still ongoing appeared first on CryptoSlate.
Alliance DAO contributor Qiao Wang has detailed a sophisticated social engineering scam targeting Coinbase users amid the firm’s insider-led data breach incident. In a May 15 post on social media, Wang revealed how attackers impersonate exchange staff using personal data obtained through a recent internal breach. Individuals contacted him, claiming to represent Coinbase and warning […]
The post How an insider-led breach sparked a costly scam at Coinbase appeared first on CryptoSlate.
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Coinbase revealed that it suffered a data breach that affected less than 1% of its active monthly users, according to the May 15 statement. Following the hack, the exchange CEO Brian Armstrong said the perpetrators tried to extort it of $20 million in Bitcoin. How Coinbase was breached According to the exchange, the threat actors […]
The post Coinbase resists $20 million Bitcoin ransom demand after insider-led data breach appeared first on CryptoSlate.
In a 2023 securities filing, Coinbase said it would begin disclosing “monthly transacting users” rather than the “verified users” statistic.
Bankrupt crypto exchange FTX will disburse more than $5 billion to creditors beginning May 30 via distribution partners BitGo and Kraken.
Digital asset service providers in the UK must submit customer data to His Majesty’s Revenue and Customs (HMRC) beginning Jan. 1, 2026. According to a May 14 update on the financial authority’s website, this move follows the adoption of the OECD’s Cryptoasset Reporting Framework (CARF), which mandates global tax transparency standards for digital assets. Under […]
The post UK HMRC mandates crypto exchanges must share user data starting 2026 appeared first on CryptoSlate.
"I think nobody doubts that crypto is here to stay," eToro CEO Yoni Assia said Thursday on CNBC.
Coinbase confirmed that cyber criminals bribed some of its offshore customer service representatives to obtain user data.
Data thieves demanded $20 million from Coinbase to not publish stolen customer data. The company has now offered the same amount bountry on the extorters.
Ark also bought $7.6 million of 3IQ's Solana staking ETF and sold shares in Jack Dorsey's Block as it rebalanced its fund weightings.
Coinbase CEO Brian Armstrong extended a public invitation to employees of the US Department of Government Efficiency (DOGE), encouraging them to apply for roles at the crypto exchange after they leave their current roles. Armstrong announced the move in a social media post on May 14, where he described the opportunity as a new mission […]
The post Coinbase CEO wants to hire DOGE staff to help improve the global financial system appeared first on CryptoSlate.
Robinhood generated $141 billion in crypto trading volumes in 2024, while WonderFi generated trading volume of around $2.5 billion.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Coinbase is expanding its footprint in the wrapped token space by preparing to release wrapped versions of XRP, Cardano (ADA), Dogecoin (DOGE), and Litecoin (LTC) on its Ethereum Layer 2 network, Base. In a post published on May 13 via its Coinbase Assets X account, the exchange confirmed the upcoming availability of cbXRP, cbADA, cbDOGE, […]
The post Coinbase to launch wrapped XRP, ADA, DOGE, and LTC on Base network appeared first on CryptoSlate.
Ethereum has generally underperformed this cycle, but has suddenly jumped 65% over the past 30 days and nearly 100% since its April lows.
The crypto and equities trading platform had previously targeted an initial public offering price range of $46 to $50 per share.
Liquidity in crypto markets continues to lag behind traditional finance due to fragmentation, technical design differences, and exposure to external shocks, according to a new report from S&P Global. The study analyzed key liquidity metrics, volume, bid-ask spreads, market depth, and slippage, across centralized and decentralized trading venues for Bitcoin (BTC), Ethereum (ETH), and major […]
The post Crypto liquidity lags behind traditional finance despite market efficiency gains – S&P Global appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Dubai is tapping Crypto.com to realize its cash strategy by allowing residents and businesses pay government fees in cryptocurrency.
Coinbase is set to join the S&P 500 — a move that could see billions of dollars allocated to COIN, according to analysts at Bernstein.
Coinbase has become the first and only crypto company to be added to the S&P 500, marking a historic milestone for both the digital asset sector and traditional financial markets. Coinbase CEO Brian Armstrong confirmed the announcement on social media, declaring the company’s inclusion a validation of the industry’s staying power. Armstrong wrote: “Crypto is […]
The post Coinbase makes history with S&P 500 induction, reinforcing crypto’s arrival in mainstream finance appeared first on CryptoSlate.
Backpack has officially opened the withdrawal window for former FTX EU customers, marking a major step in returning lost funds to the defunct exchange users across Europe. The claims process went live on May 12, following Backpack’s earlier acquisition of FTX’s European arm in January 2025. According to a notice on its website, the exchange […]
The post FTX EU victims can now withdraw trapped Euros via Backpack but crypto withdrawals remain blocked appeared first on CryptoSlate.
Democratic senators have requested that the US Treasury and Justice Department investigate President Donald Trump’s crypto ties to Binance, Bloomberg News reported on May 9. According to the report, the lawmakers made the request in a letter sent to Treasury Secretary Scott Bessent and Attorney General Pam Bondi. Details about oversight actions The letter, which […]
The post Democrat Senators urge Treasury, DOJ to probe Trump’s crypto ties to Binance appeared first on CryptoSlate.
US-based Gemini has received a Markets in Financial Instruments Directive (MiFID) II license from the Malta Financial Services Authority (MFSA), according to a May 9 statement shared with CryptoSlate. This allows the exchange to offer regulated crypto derivatives across the European Union (EU) and European Economic Area (EEA). With the license, the exchange can begin […]
The post Gemini secures license to expand EU crypto derivatives offerings appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.