Coinbase Faces $1 Billion Lawsuit Over Controversial wBTC Delisting
Cryptocurrency exchange Coinbase faces a massive lawsuit from BiT Global Digital Limited for allegedly delisting wrapped bitcoin to boost its own competing product. The $1 billion legal challenge highlights growing tensions in the tokenized Bitcoin market and raises concerns about exchange practices.
Critical 'DogeReaper' Exploit Crashes 69% of Dogecoin Network Nodes
A major security breach dubbed 'DogeReaper' struck the Dogecoin network, causing nearly 70% of active nodes to crash after an exploit by Andreas Kohl. Despite early warnings about the vulnerability, the flaw remained unpatched, though the network is now recovering with minimal price impact.
Bitcoin's $100K Milestone Sparks XRP Rally and Whale Activity Concerns
As Bitcoin surpasses $100,000, XRP experiences a 51% weekly gain amid increased whale accumulation on Coinbase. Market analysts maintain cautious optimism while monitoring potential profit-taking scenarios from large XRP holders.
Banking Documents Expose Federal Pressure to Cut Crypto Services, Coinbase Legal Chief Reveals
Coinbase CLO Paul Grewal unveils FOIA documents showing how U.S. regulators actively pressured banks to terminate services to crypto businesses, confirming 'Operation Chokepoint 2.0'. The revelations highlight systematic efforts to restrict banking access for crypto companies despite their legal compliance.
Social Media Star's Crypto Venture HAWK Faces Legal Scrutiny After $440M Crash
Law firms are investigating potential legal action against influencer Haliey Welch after her HAWK cryptocurrency lost 88% of its value within 24 hours of launch. The dramatic collapse from $500M to $60M market cap has sparked accusations of a 'pump and dump' scheme.
XRP Whales Drive $4 Billion Profit-Taking Spree Amid Price Surge
Ripple's XRP token experiences massive profit-taking exceeding $4 billion following a 418% price surge and unprecedented whale accumulation. The surge in institutional interest, coupled with speculation around regulatory approvals, has driven active wallets to record highs while raising sustainability concerns.
Ethereum Developer's Coinbase Account Frozen Over VPN-Based USDC Transfer
A prominent Ethereum developer faced a complete account lockout on Coinbase while attempting a $25,000 USDC transfer using a VPN. The incident sparked discussions about centralized exchanges' security measures and highlighted concerns over banking-style restrictions in cryptocurrency platforms.
Coinbase and Apple Pay Join Forces to Revolutionize Crypto Purchases
Coinbase integrates with Apple Pay to enable instant cryptocurrency purchases for 60 million U.S. users through Coinbase Onramp. The partnership streamlines fiat-to-crypto conversions while maintaining security standards, marking a significant step toward mainstream crypto adoption.
Coinbase CEO Takes Stand Against Law Firms Hiring Anti-Crypto Regulators
Brian Armstrong announces Coinbase will cut ties with law firms employing former government officials who opposed crypto during Biden administration. The move follows Milbank's hiring of ex-SEC enforcement chief Gurbir Grewal, who oversaw billions in crypto industry penalties.
US Government Transfers $2 Billion in Seized Bitcoin to Coinbase
The US government has moved nearly 20,000 Bitcoin worth $2 billion to Coinbase Prime, marking one of its largest crypto transfers from Silk Road seizures. The transfer sparked market speculation but prices remained stable, while the government still holds substantial cryptocurrency assets.