Features Crypto News by Thebittimes.Com

Multi-million dollar losses aren’t uncommon amongst crypto users. Whatever the cause — hacks, phishing, rug pulls, liquidations, or simply HODLing cursed coins — crypto can be lost in the blink of an eye. A less discussed but surprisingly common source of losses, however, is the vast sums that lie forgotten in dormant blockchain wallets and set aside as unclaimed airdrops throughout the cryptosphere. While some are well aware of what they’ve lost — and are even willing to wade through landfill to get it back — many others are unaware of their overlooked addresses or what long-forgotten assets may be worth today.   Coinbase’s Conor Grogan recently took to X to share his years-long side project of tracking down wallets that appear to have been abandoned, hoping to increase visibility so that wallet owners might eventually reach out. Over the past few years, I’ve recovered over $10M in unclaimed airdrops, lost ETH, and other forgotten assets for ...

Pi Network exchange listing initiatives have catalyzed various major developments following Gate.io and also OKX launches, and right now, major crypto exchange listing speculation has accelerated around numerous significant platforms including Binance and Coinbase. Since February 20, 2025, when Pi Network’s Open Network strategically went live, Pi Coin trading volume has leveraged multiple essential market factors to reach around $118.5 million daily across several key platforms. Current Binance Pi listing speculation has spearheaded community voting initiatives, while Coinbase Pi listing update discussions have revolutionized engagement among the 60 million Pioneers. Also Read: Pi Network Drops $100M Bombshell to Push PI Into Real Economy Pi Network Exchange Listing Outlook With Binance, Coinbase, and Trading Volume Insights Source: The Network Journal Current Pi Network Exchange Listing Status Shows Strong Performance Multiple major crypto exchange listing platforms have now eng...

Coinbase asked a US appeals court to rule on whether crypto transactions are investment contracts, arguing that the issue is of ”immense importance to the crypto industry.” The case comes hard on the heels of the departure from the Securities and Exchange Commission of former Chair Gary Gensler, who had waged war against the crypto industry, bringing multiple cases that crypto transactions are investment contracts. “This case presents an ideal vehicle to address that question and provide clear rules for this multi-trillion-dollar industry,” said lawyers for Coinbase, the biggest crypto exchange in the US. ”Without it, market participants face different rules before different courts, and neither the Commission nor Congress can be certain who is responsible for the regulation of digital-asset trading.” Now that Donald Trump has retaken the White House and Gensler is to be replaced by the pro-crypto Paul Atkins, it’s also considered likely that ...

Top US crypto exchange Coinbase has added a red-hot memecoin to its roster of potential upcoming listings. In an announcement, Coinbase says that it has added MOG Coin (MOG) to its listing roadmap, which the exchange uses for transparency and to prevent insider trading on coins prior to them being listed. The announcement means the firm has determined the asset will likely be available for trading in the near future. MOG is trading for $0.000002414 at time of writing, up more than 8,776% in the last year. With a market cap of $944.5 million, Mog Coin is the 138th largest crypto project. MOG, which is available on both the Ethereum (ETH) and Base blockchains, is already listed on crypto exchanges such as Kraken, Gate, Bybit and Bitstamp. The project calls the digital asset “the internet’s first culture coin.” The name of the memecoin is derived from AMOG, which means the “alpha male of the group,” and its symbol is a “joycat....

In early August, a little over two months ago, BitGo announced that it was entering a new joint venture with Justin Sun and BiT Global, a Hong Kong-based custodian, to manage custody for Wrapped Bitcoin (WBTC). Sun’s involvement was controversial, leading some DeFi projects to briefly consider whether WBTC would remain safe going forward. The most high-profile of these, MakerDAO, did eventually decide it was still safe to include WBTC. This period of time even included a less than fully viable proposal for competitor Threshold Network to acquire WBTC.  Additionally, both Coinbase and Kraken have launched competitors to WBTC following BitGo’s announcement. Coinbase Wrapped Bitcoin has seen the most rapid growth among WBTC’s competitors. Read more: How involved is Justin Sun with WBTC’s new custodian BiT Global? Since then, Coinbase’s version, Coinbase Wrapped Bitcoin (cbBTC), has seen the most rapid growth among the four charted competito...

A former Coinbase employee has been accused of stealing code and using ChatGPT to illegally change the licensing of another open-source AI coding firm to create PearAI. Matthew Duke Pan, known as “Frying Pan,” claims to have made $270,000 a year working for the crypto exchange before quitting to make PearAI. Last Friday Pan announced the AI firm had secured $500,000 in funding from the startup accelerator program YCombinator (YC). However, after Pan promoted PearAI at the YC event on X (formerly Twitter), users criticized the firm for “stealing” the code of fellow open-source AI code editor Continue.dev and passing it off as its own. I just quit my 270 000$ job at Coinbase to join the first YCombinator fall batch with my cofounder @not_nang. We're building PearAI, an open source AI code editor. Think a better Copilot, or open source Cursor. But you've heard this spiel already… ️ pic.twitter.com/nYeycRKRHm — FRYING PAN (@CodeFryingPan) September 29, 2...

The native token of a privacy-focused zero-knowledge layer-1 blockchain is on the rise after being listed on the top US crypto exchange by trading volume. Less than 24 hours ago, Coinbase listed Aleo (ALEO) under the experimental label. “Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” The experimental label indicates a high-volatility asset that is new to the platform. These assets typically have a low trading volume compared to more established cryptocurrencies. According to its website, Aleo’s protocol prioritizes privacy and scalability by leveraging zero-knowledge proofs to help ensure user privacy. Zero-knowledge proofs enable one party (the prover) to prove to another party (the verifier) that it possesses a certain value without revealing its actual value. According to Aleo, its network utilizes zero-knowledge proofs so that users can prove that they have the necessary funds to complete a transac...

The Fed has recently flagged serious issues with a Texas bank’s crypto operations. At this point in time, this move highlights ongoing problems in cryptocurrency risk management. These developments are now affecting major players like Coinbase and ETF issuers. As of now, regulatory scrutiny in the crypto space is intensifying. Also Read: Local Currencies Strengthen Against the US Dollar Fed’s Scrutiny on Texas Bank’s Crypto Issues: Impact on Coinbase and ETF Issuers Federal Reserve’s Action Against United Texas Bank The Federal Reserve has ordered United Texas Bank to cease and desist. This is due to major flaws in the bank’s cryptocurrency risk management. As per the Fed’s investigation, the bank failed to follow anti-money laundering (AML) rules when dealing with crypto firms. Implications for FED Crypto Custody Services This crackdown shows a bigger trend, and investors are right to be worried. The regulatory pressure put on banks is increasing, an...

One low-cap layer-1 altcoin that recently rebranded itself is rising after abruptly gaining support from top US-based crypto exchange platform Coinbase. In a new announcement, Coinbase Assets says that it will be adding support for Gravity (G), formerly known as Galxe, an interoperable Ethereum (ETH)-based smart contract platform. “Trading will begin on 13 August 2024 at or around 12PM ET if liquidity conditions are met. Once sufficient supply of this asset is established trading on our G-USD trading pair will launch in phases.” News of the listing sent the digital asset soaring, as G went from a low of $0.0378 earlier in the day to a peak of $0.0411, a gain of about 8%. G has since stabilized and is trading for $0.0398 at time of writing. Earlier this month, Coinbase added G to its listing roadmap, which was created in 2022 as a means of increasing transparency and stifling the front-running of assets. G, which had just rebranded itself in July with...

Coinbase stock surges 9% to $280.79. Bitcoin has soared by 8.60% in 24 hours to trade at $70,555.18 at press time. Decreasing Bitcoin supply and bullish projections, like $150k by 2024, fuel investor optimism. Coinbase Global Inc (NASDAQ: COIN) experienced a significant surge in its stock price, climbing by over 9% to reach $280.79 per share. This rally in Coinbase shares correlates with Bitcoin’s resurgence, which briefly surpassed the $70,000 mark, after a substantial gain of 8.60% over the past 24 hours. The uptick in Coinbase ’s stock price demonstrates investors’ confidence in the cryptocurrency exchange platform, particularly as Bitcoin, the leading digital asset, continues to exhibit resilience and upward momentum. The positive sentiment also reflects broader optimism in the cryptocurrency sector and its potential for further growth and adoption. Bitcoin price soars above $70k again  March has been such a great month for B...

Coinbase’s chief legal officer, Paul Grewal, has criticized the U.S. Securities and Exchange Commission (SEC) for its minimalistic legal response regarding the exchange’s request for clearer cryptocurrency regulations. In a Jan. 30 X post, Grewal highlighted the inadequacy of the SEC’s documentation, which formed the basis of its decision to reject Coinbase’s petition for digital asset rulemaking. Below is the administrative record of @SECGov's decision rejecting our petition for digital assets rules. See for yourself whether it's even close to complete or sufficient to justify their decision. Our brief is due 3/11; the SEC brief is due 4/10, and our reply is due 5/1. 1/3 — paulgrewal.eth (@iampaulgrewal) January 30, 2024 The saga began in June 2022 when Coinbase submitted a petition urging the SEC to establish more transparent rules for the burgeoning crypto industry. However, the SEC dismissed this request in December 2023, maintaining that...

Coinbase, Consensys, and Paradigm are urging the U.S. Treasury to reconsider its proposed reporting requirements for crypto mixer transactions, citing a lack of specificity and concerns over resource allocation. In a comment to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) on Jan. 22, Coinbase stated that regulated platforms already comply with existing rules for recordkeeping and reporting of suspicious activities and illicit crypto mixing. The firm is particularly critical of the proposal’s requirement for crypto platforms to report all crypto mixing activities, including those serving legitimate purposes. Coinbase contends that this broad approach would lead to inefficient use of resources and unnecessary bulk reporting of non-suspicious transactions. Paul Grewal, chief legal officer of Coinbase, shared his thoughts in a Jan. 22 thread on X, emphasizing the need for more targeted measures. He believes a data dump without a monetary threshold ...

In a surprising twist of events, Coinbase (COIN) shares have surged to their highest point in 18 months, reaching $119.77 on Nov. 27. This sudden increase closely follows the legal troubles of Binance, a significant competitor, and its founder Changpeng Zhao (CZ), who pleaded guilty to money laundering and sanctions violations in the United States. This marks a pivotal moment for Coinbase, as the crypto currency exchange giant witnesses a remarkable 256.5% year-to-date increase in its shares. Remarkable Performance of Coinbase As of the closing date on Nov. 27, Coinbase’s share value has reached its peak since May 5, 2022, when it closed at $119.77. This surge positions Coinbase as a standout performer in the crypto currency market, demonstrating resilience and growth amidst industry challenges. Source Despite this impressive rebound, Coinbase shares remain 65% below their previous all-time high of nearly $343, recorded on Nov. 12, 2021. The recent surge indicates a positive ...

Coinbase’s executive responsible for inter national expansion , Nana Murugesan, will leave the firm in 2024 amid EU expansion . Coinbase’s Vice President of Inter national and Business Development, Nana Murugesan, is leaving the crypto exchange as the company seeks to expand services in Europe under the new Markets in Crypto-Assets (MiCA) regulation. 1/3 Really enjoyed my two incredible years at Coinbase. Thank you @brian_armstrong, @emiliemc and team for this amazing journey 🫡 It was a privilege to criss-cross the globe to build the foundation for growth. Sharing some reflections on my time here: https://t.co/4h0pwKmtUu — Nana Murugesan ️ (@NanaMurugesan) November 13, 2023 Although Murugesan did not elaborate on the reason for the move, he said in an X post on Nov. 13 that he will leave the company in Q1 2024. However, he will stay at the firm as an advisor until July 2024. As of press time, it is unclear who will replace him. You might also like: Co...

Coin Base , a leading cryptocurrency exchange, introduced its layer-2 network called Base earlier this year. This network quickly gained widespread recognition and adoption. To further enhance its offerings and foster transparency, the Base network has recently made its code repositories and smart contracts open source. Through this, it emphasized its commitment to developing in a transparent and collaborative manner. In a recent blog post, Base announced its decision to grant developers complete access to the network’s code Base . The primary motivation behind this open-sourcing initiative is to offer developers greater visibility into the project’s development process. Base has disclosed that all of its smart contracts and scripts are now accessible to the public on GitHub. The blog post further read, “By sharing our work openly, we enable the community to track our progress and ensure that we’re living up to our commitments. Open source is a win-win f...

The Republican candidate also pledged to rescind all federal regulations that fail the Supreme Court’s major questions doctrine test in the West Virginia vs. EPA case — a potentially positive for crypto. United States presidential candidate Vivek Ramaswamy has lauded Grayscale’s recent victory over the federal securities regulator, arguing the decision will help keep Bitcoin and blockchain innovation from going overseas. In an Aug. 30 post on X (formerly Twitter) the pro-Bitcoin Republican candidate took shot at a “shadow” U.S. government, pointing the blame towards the “unlawful rogue behaviors of “3-letter government agencies” — presumably the Securities and Exchange Commission. Ramaswamy said this has led to the U.S. courts to serve as a last line of defense to help keep cryptocurrency innovators in the country, adding that it shouldn’t have reached the courts in the first place. “This decision is strong and clears a path to keep Bitcoin & blockchain innovation in the U.S. ...

Most crypto industry heavyweights have been bullish about the new decentralized social media app friend.tech, but some critics warn it's getting too hot too quickly. Friend.tech, a new decentralized social media (DeSo) app has rapidly become one of the hottest new things in crypto, with over 64,000 new users and more than 24,000 ETH in trading volume since its beta version launch of Aug. 11.  While many crypto industry heavyweights have praised the app for bringing thousands of people on-chain and inspiring sign-ups from even non-crypto figures — such as gaming YouTuber Faze Banks and Russian protest group Pussy Riot — some have warned it's at risk of burning out. Built on Coinbase’s layer-2 network Base, friend.tech is a platform that allows users to purchase shares of their friends and influencers, which in turn grants them access to a private chat with that user. Speaking to Cointelegraph, crypto commentator Yazan pointed out a number of troubling factors that led him to b...