Category: Coinbase

Decentralized protocol Kyber launches new framework to facilitate on-chain market making

Decentralized protocol Kyber launches new framework to facilitate on-chain market making

Decentralized liquidity protocol Kyber Network has launched a new framework that it says will enable on-chain market making, the company announced Thursday.  According to the announcement, the KyberPRO end-to-end framework is the first of its kind will allow market makers, crypto token teams, and developers to more seamlessly enter the decentralized finance (DeFi) space by […]

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Working group of U.S. crypto firms unveil their data-sharing solution to FATF ‘travel rule’ compliance

Working group of U.S. crypto firms unveil their data-sharing solution to FATF ‘travel rule’ compliance

Twenty-five U.S.-based virtual asset service providers (VASPs) have come together to publish a white paper on an industry-wide solution to travel rule compliance. In essence, the U.S. Travel Rule Working Group (USTRWG) is proposing a kind of hub through which they can identify customer information and use point-to-point communication channels to transmit that data. The […]

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Solana becomes fourth blockchain to support USDC

Solana becomes fourth blockchain to support USDC

Solana — the blockchain behind decentralized exchange Serum — will now support stablecoin USDC, according to an announcement by Circle.  Launched by Centre, a consortium made up of Circle and Coinbase, USDC is the second-largest stablecoin by total supply behind Tether’s USDT. In total, USDC’s supply stands at $2.7 billion, according to data from The […]

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Privacy at Stake: 96% Of Information Requests to Coinbase Came From US Federal Agencies

Privacy at Stake: 96% Of Information Requests to Coinbase Came From US Federal Agencies

Coinbase has released its recent Transparency Report, and the results are not at all encouraging for privacy advocates and believers in an “anti-establishment” philosophy of cryptocurrencies. According to the company, out of 1914 requests for information it received, 1848 of them corresponded to subpoenas and interactions made by criminal investigation agencies, and only 66 came […]

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Coinbase Received 1,900 Requests for Client Info From Law Enforcement During First Half of 2020

Coinbase Received 1,900 Requests for Client Info From Law Enforcement During First Half of 2020

Coinbase has revealed that it received a total of 1,914 requests for customer data from global law enforcement agencies during the first six months of 2020. It is, however, not clear how many of the requests were fulfilled. In its first so-called“transparency report” published Friday, the U.S. crypto exchange – which boasts a user base […]

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187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

187,000 BTC Drained: Over $2 Billion in Bitcoin Leave the Top Exchanges Since June

Cryptocurrency reserves held on digital asset exchanges have been dropping to new lows, as some of the top exchanges have seen significant bitcoin reserve balance drops. A few months ago trading platforms had a lot more bitcoin reserves on hand and onchain data shows a few exchanges have seen customers steadily drain 187,000 bitcoins ($2.1B) […]

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Coinbase received nearly 2,000 customer data requests from governments in the first half of 2020

Coinbase received nearly 2,000 customer data requests from governments in the first half of 2020

Crypto exchange Coinbase has published its first-ever “transparency report” quantifying the information requests it receives from global law enforcement agencies. The report comes a month after the exchange was called out by a digital rights organization for failing to publish this information. The report, published Friday, revealed that Coinbase received a total of 1,914 such […]

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Coinbase’s chief compliance officer is set to leave the firm

Coinbase’s chief compliance officer is set to leave the firm

Coinbase’s chief compliance officer Jeff Horowitz is set to exit the cryptocurrency exchange, according to several people familiar with the personnel move.  Horowitz, whose career in financial services compliance spanned firms like Lehman Brothers and Citigroup, joined Coinbase in 2018. As the firm’s first CCO, he played a role in shaping Coinbase’s anti-money laundering policies […]

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Coinbase Wallet will support Optimism’s Layer 2 testnet

Coinbase Wallet will support Optimism’s Layer 2 testnet

Coinbase’s non-custodial wallet service will today begin offering support for Ethereum scaling project Optimistic Ethereum’s testnet, according to an announcement by Optimism, the startup behind the project. It’s the first tie-up between a popular wallet service and an Ethereum “Layer 2” project based on a technology called Optimistic Rollup.  Optimistic Rollup is a scaling approach […]

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