Coinbase

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  Coinbase Launches Stablecoin Payments Service for E-Commerce

  Coinbase is launching a platform designed to make stablecoins a go-to payment method for online transactions. The payments initiative could help add new sources of revenue, according to Mark Palmer, analyst at Benchmark.

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  Coinbase Seeking US SEC Approval to Offer Blockchain-Based Stocks

  Coinbase has asked for US SEC's approval to offer "tokenised equities" to its customers. If granted, the move would allow Coinbase to effectively offer stock trading via blockchain technology, placing it in direct competition with retail brokerages such as Robinhood and Charles Schwab.

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  Coinbase Announces American Express-Backed Crypto Credit Card That Offers Bitcoin Rewards

  Coinbase has introduced a crypto credit card in partnership with American Express. A blog post by Coinbase claimed that the card would waive trading fees on the first $500 (roughly Rs. 43,000) earned in trades. Meanwhile, USDC stablecoin holders will be able to gain additional rewards.

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  Stablecoin Giant Circle's Shares Surge in Blowout NYSE Debut

  Circle Internet's shares more than doubled in their debut on the New York Stock Exchange on Thursday. The New York-based company's stock opened for trading at $69 (roughly Rs. 5,920) apiece, valuing the stablecoin issuer at nearly $18 billion (roughly Rs. 1,54,356 crore), on a fully-diluted basis.

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  Coinbase Breach Said to Be Linked to Customer Data Leak in India

  Coinbase said in the May SEC filing that it knew contractors accessed employee data "without business need" in "previous months." A May 14 SEC filing revealed that part of the breach involved an India-based employee of the US outsourcing firm TaskUs photographing her work computer with a personal phone.

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  US DoJ Said to Open Probe Into Coinbase Data Breach, Firm Claims Involvement of Indian Employees

  Coinbase has reportedly claimed that the contractors and employees who were bribed to leak its user data to the cyberattackers were from India. The US Department of Justice (DoJ) has now joined the US Securities and Exchange Commission (SEC) in the ongoing investigation.

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  Coinbase Faces Multiple Lawsuits After User Data Breach: Report 

  At least six lawsuits have been filed against Coinbase following a cybersecurity incident that led to a breach of user account data, a report by CoinTelegraph claimed on Monday. The plaintiffs have said that Coinbase failed to train its employees adequately that led to the incident.

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  Coinbase Faces Up to $400 Million Reimbursement Cost After Recent Cyberattack

  Coinbase has estimated that it could see expenses between $180 million (roughly Rs. 1,541 crore) - $400 million (roughly Rs. 3,426 crore) as it sets to manage the situation after a recent data breach incident. As part of the attack, cybercriminals managed to lure in funds from the exposed users under false claims and Coinbase plans to voluntarily r...

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  Coinbase Says Cybercriminals Breached User Data, Demanded $20 Million Ransom

  In a video message posted on X, Coinbase CEO Brian Armstrong said that cyber attackers had written to the exchange, claiming to have obtained personal data of a portion of Coinbase users. In exchange for not leaking the data, the attackers demanded a ransom of $20 million (roughly Rs. 171 crore). 

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  Coinbase Becomes First Crypto Firm to Enter S&P 500 Index in the US 

  Coinbase is set to enter the S&P 500 index in the US on May 19. Its entry into this elite group makes for a significant moment in Web3 history as it is the first crypto firm to become part of the index. Coinbase posted a message of gratitude, announcing the development on X. 

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  Bharat Web3 Association to Host Web3 Cybersecurity Workshop in Bengaluru on May 8

  The Bharat Web3 Association has announced a cybersecurity workshop to be hosted in Bengaluru on May 8. Sridhar Govardhan, the chief information security officer (CISO) of CoinDCX has been invited to discuss the lessons that can be taken from recent breaches that dented the Web3 space. Other senior members from companies like CoinSwitch and Mudrex a...

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  Coinbase, Animoca Brands Announce Web3 Accelerator Initiative in the UK

  Coinbase, Animoca Brands, Fabric Ventures, and Founders Factory have announced an accelerator initiative in the UK, focused on Web3 projects. Alongside the cash reward, the initiative also offers 16 weeks of industry experience from Founders Factory, a startup accelerator firm based in London, UK.

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  Polygon to Shift Focus to Stablecoins Amid Rising Institutional Interest

  Polygon plans to shift its focus to stablecoins as part of its roadmap for 2025. The crypto firm's founder Sandeep Nailwal said that the institutional interest in stablecoins has risen significantly, and industry players have started to prepare to cater to the demands around stablecoin custody and services. He stated that stablecoins make the bridg...

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  Binance Partners Worldpay to Bring Fiat-to-Crypto Payments via Apple Pay and Google Pay

  Binance has partnered with Worldpay to make digital assets more accessible via widely used payment platforms. Through this collaboration, Binance users will be able to purchase cryptocurrencies using their Apple Pay and Google Pay accounts.

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  Coinbase, Uniswap Officials to Join Crypto Task Force's Roundtable on Trading Regulations

  SEC's Crypto Task Force has scheduled its second roundtable meeting for April 11. The meeting aims to establish rules for safer crypto trading and protect national financial security. A total of nine panelists have been listed to be part of this session, including senior officials from Coinbase and Uniswap.