# coinbase

Crypto billionaires increased their wealth after Donald Trump’s victory

According to Forbes journalists, after Donald Trump won the US presidential election, there was a sharp jump in the stock and cryptocurrency markets, which significantly increased the wealth of a number of famous billionaires. For example, Coinbase CEO Brian Armstrong increased his wealth by $ 2.6 billion, bringing his total capital to $ 11 billion. This was made possible by a 31% increase in the stock […]

Crypto exchange Coinbase has launched its own version of wrapped bitcoin

The cryptocurrency exchange Coinbase has announced the launch of its own version of the wrapped bitcoin called cbBTC. This is an ERC-20-based token backed by bitcoins on the company’s balance sheet in a one-to-one ratio. At the initial stage, cbBTC will be available on the Base and Ethereum networks, but in the future, it is planned to expand to other blockchains. Coinbase notes that cbBTC solves one of the key problems of bitcoin […]

The number of cryptocurrency millionaires grew by a record 95% during the year

Over the past year, the number of cryptocurrency millionaires in the world has increased by 95%. This is due to the growth in the value of bitcoin and other crypto assets, as well as the emergence of bitcoin ETFs, Forbes writes. According to a new report by New World Wealth and Henley & Partners, there are currently 172,300 people in the world who own crypto assets worth more than […]

US authorities move $ 600 million worth of confiscated bitcoins

The US government recently made a significant transfer of its confiscated digital assets. According to CoinDesk, about 10,000 bitcoins related to the Silk Road case were transferred to Coinbase Prime, the institutional arm of the cryptocurrency exchange. The value of the transaction is approximately $ 600 million. While such large deposits on exchanges often indicate an intention to sell assets, CoinDesk speculates that this particular transfer may have […]

Cryptocurrency exchange Coinbase unknowingly helped hackers steal $ 1.7 million in digital tokens

Fraudsters posing as representatives of the cryptocurrency exchange Coinbase have deceived at least three users of the platform over the past week. One of the victims lost $ 1.7 million in digital tokens. Cointelegraph writes about it. Tegan Kline, co-founder of Edge & Node, shared on the X platform the story of her friend who lost $ 1.7 million after a scammer convinced him to share part of his seed […]

Users of one of the most famous cryptocurrency exchanges lost $ 37 million due to a fraudulent scheme

Cryptocurrency fraudster Chirag Tomar has pleaded guilty to charges of stealing more than $ 37 million from hundreds of victims. The hacker created a website that imitated the Coinbase service. The exact number of victims is not specified, but it is noted that the scheme affected users around the world, including the United States. Tomar was arrested upon entering the country on December 20, 2023, […]

Analysts name events that will affect the significant growth of Ethereum

Experts of the largest American cryptocurrency exchange Coinbase have revealed the prospects of the cryptocurrency market. According to experts, ethereum will remain in the leading positions among DeFi projects in the next few months, and the approval of spot exchange-traded funds on ETH will lead to a significant growth of the asset. According to Coinbase analysts, there are no pressure factors on the price of ethereum, such as the unlocking […]

CryptoQuant: an anonymous crypto kite withdrew 16,021 BTC from Coinbase exchange

Analysts from CryptoQuant have recorded a significant outflow of funds from one of the world’s major centralized cryptocurrency exchanges, Coinbase. An anonymous user has withdrawn 16,021 bitcoins worth almost $ 1 billion from the crypto platform. According to analysts, this is the 7th time in 2024 that more than 15,000 bitcoin coins have been withdrawn from this trading platform. Experts said that the […]