Nearly 3 hours ago, 2,751 BTC were deposited into Coinbase
WhaleAlert monitoring shows that 2,751 BTC were deposited into Coinbase from an unknown address nearly 3 hours ago.
IMX worth $9.22 million was deposited into Coinbase Prime 3 hours ago
On November 14th, according to @EmberCN monitoring, 8 million IMX (equivalent to approximately 9.22 million US dollars) was deposited into Coinbase Prime through the 0x8C4 Coinbase Prime deposit address 3 hours ago. Subsequently, 4 million IMX (equivalent to approximately 4.61 million US dollars) was transferred from Coinbase Prime to OKX.
Coinbase: Bitcoin spot ETF will introduce cryptocurrencies to a wider investor base
Coinbase (COIN) stated in a report on Monday that if a spot Bitcoin (BTC) exchange-traded fund (ETF) is approved in the United States, it will open up the cryptocurrency market to a new category of investors. Coinbase said this includes registered investment advisers (RIAs), retirement funds, and institutions that have historically been unable to access this asset class.<br>In addition, the report stated that having investment tools that meet "key regulatory and compliance requirements may also open the door for new products," which could increase the adoption of existing cryptocurrency products and expand their use among qualified investors. In the long run, this could increase the total market value of cryptocurrencies by billions of dollars, and the ETF is expected to lay the foundation for "a more standardized environment, greater inclusiveness, and substantial growth in demand."
Coinbase Vice President Nana Murugesan will leave the company in the first quarter of next year
Nana Murugesan, Vice President of Coinbase International and Business Development, posted on X today that he will leave the company in the first quarter of next year, but will continue to serve as an advisor until July.
Russian court fines Coinbase for refusing to localize Russian users' data
Coinbase, a crypto exchange, has been fined 1 million rubles ($11,000) by a Russian court for failing to localize Russian users' data within the country. This is part of a trend of Russia imposing fines on international technology companies for various violations, seen by some as an attempt to gain more control over the internet. Other companies that have been fined for similar reasons include Google, Apple, Spotify, WhatsApp, Airbnb, Zoom, and Telegram. Russia's internet and communications regulator, Roskomnadzor, had ordered foreign internet companies to localize Russian users' data by July 1, and around 600 companies had complied by that deadline.
Coinbase fined $11,000 in Russia for data localization violations
Coinbase has been fined 1 million rubles (nearly $11,000) by a Moscow court for failing to localize the data of Russian customers, on the grounds that it did not comply with regulations protecting the personal information of Russian users. It is reported that this violation is attributed to Coinbase's European subsidiary, Coinbase Ireland Ltd. In addition, Airbnb was fined 6 million rubles ($65,000) for the same violation, UPS was fined 3 million rubles, and Spotify was fined 6 million rubles. In response, Coinbase's Chief Legal Officer, Paul Grewal, stated that Coinbase still insists on not localizing customer data in Russia.
Coinbase launches Coinbase Verification service
Coinbase has launched Coinbase Verifications, a service that is built on the open and composable EAS standard. Users can prove their account and national/regional credentials on the blockchain, with the aim of simplifying the user experience without compromising security and compliance. Users can add anti-witch measures to airdrops, tasks, social or gaming applications.
POSA Alliance releases new staking principles, and 18 industry companies including Coinbase have signed
Proof of Stake Alliance (POSA), a blockchain advocacy group, has released new equity and pledge principles, stating that these standards will ensure consumer protection and promote responsible innovation. The new pledge principles have been signed by 18 industry participants, including well-known companies such as Ava Labs, Blockdaemon, Coinbase, Lido, Polychain, Paradigm, and Rocketpool. According to the press release, these standards aim to update a set of original principles released in 2020, calling on service providers to communicate more clearly, allowing users to have full control over their asset quantities, and requiring accurate descriptions of service provider responsibilities.
Coinbase Strengthens Advisory Team with National Security Experts Amid Regulatory Challenges
Coinbase has expanded its Global Advisory Council with the addition of four national security experts, including former U.S. Secretary of Defense Dr. Mark T. Esper. This move demonstrates the cryptocurrency exchange platform's commitment to navigating the complex regulatory environment in the United States. The council, which includes former political figures and national security specialists, will provide Coinbase with strategic counsel as it engages with policymakers and regulatory bodies to foster a more conducive regulatory framework for the growth of the cryptocurrency industry. However, Coinbase faces regulatory challenges internationally, as the Ministry of Culture and Information of the Republic of Kazakhstan has restricted the company's operations within its borders.
Coinbase adds four national security experts to its global advisory board
On November 7, Coinbase announced on Tuesday that it has added four national security experts to its global advisory board, including former US Secretary of Defense Dr. Mark T. Esper. Other new members include former Florida congresswoman and former national security expert for the Department of Defense, Stephanie Murphy; former counterterrorism and homeland security advisor to President George W. Bush, Frances Townsend; and lobbyist David Urban, who was also a senior advisor for Donald Trump's 2016 presidential campaign and is responsible for ByteDance's corporate affairs.
