Binance, Coinbase, OKX say No Exposure to Collapsed Silvergate Bank
Crypto-focus bank Silvergate announced it is in the process of winding down its operations through voluntary liquidation.
Crypto Stakeholders Say No Exposure to Shuttered Silvergate
Binance CEO Changpeng Zhao tweeted that his exchange does not have assets at Silvergate, while Coinbase said that it does “not have client or corporate cash at Silvergate.” OKX President Hong Fang said the exchange’s “corporate and customer funds” are safe.
U.S. Government's $1B Bitcoin Transfer Spooks Investors, Bitcoin Dips
U.S. authorities transferred $1 billion worth of bitcoin recovered from a dark web hack to new wallet addresses, including one owned by Coinbase, on Wednesday, stoking investor fears that intense sell pressures could drive down the token's price. Authorities moved the bitcoin in three transactions, according to data from blockchain security firm PeckShield. Nearly 10,000 bitcoin were sent to Coinbase-controlled wallets, while roughly $41,000 tokens were directed to government-controlled wallets. (Coindesk)
Coinbase Launches Wallet-as-a-Service to Expand Web3 Business Solutions
WaaS is a secure and scalable suite of wallet infrastructure APIs that enables companies to develop and launch customized on-chain wallets for their customers.
Stargate Finance Token Down 8% on Coinbase Delisting
The token underlying cross-chain bridge protocol Stargate Finance (STG) will be delisted by Coinbase (COIN) ahead of the platform's migration to version 2 (v2).
Coinbase Announces Wallet-as-a-Service Product To Simplify web3 Onboarding
Coinbase introduced a product called Wallet-as-a-Service (WaaS), which allows companies to create fully customizable web3 wallets within their own apps with user onboarding as simple as in web2 applications.
Crypto Evening Briefing: Nearly 40,000 Bitcoins Belonging to US Government Are on the Move
On-chain data provider Glassnode recently reported that nearly 40,000 Bitcoins from wallets linked to the US Government law enforcement seizures are currently on the move.
Cathie Wood’s Ark Invest Buys More Coinbase and Robinhood
Ark Invest added to its stockpile of shares in exchanges Coinbase and Robinhood yesterday.
Cointime News Wrapup-Afternoon Version: Sotheby’s and UnicornDAO Host International Women’s Day Art Auction
We hereby compose this wrapup, especially for users who cannot check out what’s going on in a timely manner.
Coinbase-OFAC Bug Affected Fewer Than 100 People and Has Been Fixed
A technical issue on Coinbase’s side led to certain transfers of bitcoin from Binance being blocked. Users on Reddit and Twitter were reporting late Tuesday that attempts to transfer bitcoin from Binance to Coinbase were being met with an Office of Foreign Assets Control (OFAC) notice that said their transfer was being blocked because it was coming from an “OFAC sanctioned address.” A spokesperson for Coinbase acknowledged that this was a technical issue, which impacted fewer than 100 people, and has been fixed. Coinbase sent affected users an email saying the deposit will be credited to their account shortly. (Coindesk)
