Coinbase News
Coinbase To Start Issuing Wrapped ETH Staking Token cbETH
Coinbase introduces its wrapped ETH staking token cbETH. Coinbase Wrapped Staked ETH (cbETH) is a utility token that represents ETH2. ETH and cbETH are neither pegged nor designed to be...
Amid Foreseen Losses, Armstrong Sturdy in Coinbase’s Vision
Coinbase reported a lower-than-expected loss of $1.1 billion in its second-quarter report. Brain Armstrong has envisioned the firm’s innovation to drive Coinbase’s growth. Armstrong highlighted the firm’s risk management amid...
Paypal Joins Coinbase and Robinhood on the TRUST Network
Paypal has announced that it has joined the TRUST network. The announcement comes two months after Paypal rolled out its latest crypto updates. Other big players that have joined TRUST...
Coinbase Builds a New Decentralized Identity Feature for Its Users
The new decentralized identity feature has gone live in Coinbase Wallet, providing users with a free decentralized username. The Coinbase username is a decentralized form of ID that allows users...
Coinbase Wallet Now Supports Bridging Ethereum, Polygon in Browser
Coinbase Wallet now supports assets bridging between Ethereum and Polygon in the browser extension. At the moment, the new feature works only on browser extensions. Nonetheless, Coinbase pledged to make...
Coinbase CEO Puts Staking Service at Risk To Keep Ethereum’s Integrity
Brian Armstrong opts to shut down the staking service and preserve network integrity. JP Morgan Analysts predict Coinbase could go bullish. Armstrong’s view on sanctioning Tornado Cash by the US...
Coinbase Gets Sued Following Attack on Customer Bank, Crypto Accounts
Coinbase does not effectively protect customer assets from unlawful transactions, according to a submitted class action lawsuit. The lawsuit was filed by George Kattula to the US District Court for...
Coinbase Revenue Dips 64% in Q2, Reports $1.1B in Net Loss
Coinbase has posted a 64% decline in revenue during the second quarter of 2022. The cryptocurrency exchange tallied a loss of $4.98 per share. FTX CEO Sam Bankman-Fried shared his...
