Cointime

Cointime

Download App
iOS & Android
Home / Tech

Coinbase Custody replaces CEO to prepare for spot Bitcoin ETF

A spokesperson confirmed that Aaron Schnarch, the CEO of Coinbase Custody, has resigned in recent weeks. Rick Schonberg will take over his position. Schonberg has been working at Coinbase since 2021 and previously worked at Goldman Sachs, Deutsche Bank, and Tagomi. A Coinbase spokesperson stated in a statement, "We are well-prepared for the approval of ETFs."

According to Bloomberg Intelligence, Coinbase is the most popular custody choice among Bitcoin ETF applicants, including BlackRock, Franklin Templeton, and Grayscale Investments.

Coinbase
Comments

All Comments

Recommended for you

  • Slurpycoin on BSC was attacked by flash loans, and the attacker used the repurchase mechanism to manipulate the token price for profit

    According to CertiK Alert monitoring, Slurpycoin on BSC has suffered a flash loan attack. The attacker manipulated the token price using a buyback mechanism and made a profit of about $3,000 from sandwich arbitrage. This attack is also responsible for the $10,000 loss of MRP tokens on July 2.

  • Europol seizes over $26 million in crypto from nine drug traffickers

    On December 19th, the European police organization collaborated with law enforcement agencies from six countries to dismantle an international drug trafficking group that used cryptocurrency. The operation resulted in the arrest of 9 suspects. During the operation, valuable items including gold and luxury goods, €35,000 in cash, and €25 million in cryptocurrency (equivalent to $26.23 million) were seized. The total value of assets seized was €27 million, equivalent to $28.33 million.

  • Phishers forge Ledger emails, send fake security breach notifications to trick users into sharing seed phrases

    scammers are forging support emails from hardware wallet manufacturer Ledger, in order to trick users into sharing their seed phrases under the guise of checking for security vulnerabilities. Ledger users have reported that phishing scammers are forging support emails from the cryptocurrency hardware wallet provider in order to trick users into revealing their wallet keys.

  • Anthropic X account was hacked, it has been restored and confirmed that no system was damaged

    official X account of the artificial intelligence startup company Anthropic was hacked this morning and an unknown token contract address was posted. The tweet has since been deleted. Anthropic stated that the root cause of the unauthorized post on the account has been identified and confirmed that no Anthropic system or service was compromised or involved in this incident.

  • Nigeria raids crypto fraud den, nearly 800 suspects arrested, including citizens of many countries

    the Economic and Financial Crimes Commission (EFCC) of Nigeria raided a cryptocurrency scam center in Lagos on December 10th, arresting 792 suspects, including 148 Chinese citizens and 40 Filipino citizens. The organization primarily targeted North American and European users for Ponzi schemes, forcing victims to transfer funds for false cryptocurrency plans and other non-existent projects.

  • ZachXBT: LastPass attackers stole approximately $5.36 million in crypto assets from more than 40 addresses

    On December 17th, Chain analyst ZachXBT revealed that LastPass attackers launched attacks on more than 40 victim addresses, stealing approximately $5.36 million in encrypted assets. The attacker then exchanged the stolen funds for ETH and transferred the assets from the Ethereum network to the Bitcoin network through multiple instant exchanges, attempting to conceal the flow of funds.

  • On-chain trading tool SolTradingBot suspected of being attacked

    On December 17th, according to community reports, the on-chain trading tool SolTradingBot was suspected to have been attacked, and some users reported that their funds were stolen. Please be aware of the risks.

  • Arizona man allegedly impersonated Uber driver to steal $300,000 in cryptocurrency

    According to a report by Cointelegraph, a man in Arizona, USA is suspected of impersonating an Uber driver and stealing $300,000 worth of cryptocurrency. The Scottsdale Police Department has charged Nuruhussein Hussein with pretending to be an Uber driver twice in March and October of this year, and specifically talking to passengers by name to lure them into waiting outside the W Hotel in Scottsdale. Once in the car, Nuruhussein Hussein asked to borrow the passengers' phones, then used them to access their Coinbase accounts and transfer cryptocurrency. Nuruhussein Hussein will appear in court again on December 18th.
  • Cointime精选 ·

    Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules

    Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization
    Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules

  • Coinbase Chief Legal Officer: US SEC blocks Coinbase’s request to disclose Gary Gensler’s communication documents

    Paul Grewal.eth, the Chief Legal Officer of Coinbase, wrote on the X platform that the issues of Chevron and Binance's secondary sales have been clarified, but in Coinbase's lawsuit, the U.S. Securities and Exchange Commission (SEC) has prevented Coinbase from requesting the disclosure of Gary Gensler's communication documents. In March 2021, Gary Gensler told the U.S. Congress that the SEC lacked regulatory authority over digital asset exchanges, confirming the long-held belief among market participants that digital asset trading on these exchanges is not within the jurisdiction of securities law. Coinbase has requested that Gary Gensler provide documents related to these communications because they are related to how the SEC's enforcement actions violate the due process requirements of the Constitution, but the SEC and Gary Gensler are trying to prevent the disclosure of these documents.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company