coimbase

#coimbase Data breach at Coinbase: the crypto platform offers $20 million to stop the wrongdoers

Victim of a leak involving significant customer data, Coinbase has been the target of an extortion attempt. In response, the cryptocurrency platform is offering $20 million in rewards to help track down the culprits.

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Coinbase launches Verified Pools: Goodbye to lack of liquidity and uncertainty
Today, Coinbase introduces Verified Pools, a risky and ambitious project that aims to connect the DeFi sector with institutional investors. The project operates under the Uniswap v4 protocol and seeks to eliminate low-credibility liquidity sources. This will be possible thanks to the implementation of KYC verification for all users, through Coinbase Verifications.

Only users who have been verified will be able to provide liquidity to the pools, putting an end to one of the riskiest practices in the DeFi sector.

Thanks to liquidity pools, the DeFi sector has become one of the major proposals in the crypto world. Moreover, it represents a mixed bet between on-chain trading and institutional investors that positions Coinbase. To achieve this development, Coinbase Verified Pools will work with the Uniswap V4 protocol and Base, a layer 2 blockchain solution based on Ethereum developed by Coinbase.

#coimbase Ark Invest bets big on Coinbase: the details of a trend-setting investment
According to The Block, Ark Invest incorporated shares of Coinbase in two of its exchange-traded funds (ETFs):

$9.4 million in its Ark Innovation ETF (ARKK).
11,605 shares, equivalent to $2.1 million, in its Ark Fintech Innovation ETF (ARKF).
Ark Invest's strategy follows a key guideline: diversification. To ensure this, no individual holding can exceed 10% of a fund's portfolio. This policy implies that, despite the recent investment of $11.5 million in Coinbase, Ark Invest could rebalance its positions in the future.

This dynamic approach reflects Ark Invest's philosophy of adapting to market fluctuations and maximizing long-term growth potential while maintaining a strategic balance in its funds.

#coimbase In a high-risk trading session, Ark Invest, the investment firm of Cathie Wood, made significant adjustments involving key players such as Tesla, Coinbase, and Robinhood. These transactions took place in a volatile market environment, where economic uncertainty continues to influence investor sentiment.

On Monday, Ark purchased 64,358 shares of Coinbase (COIN) for a value of 11.5 million dollars. It also acquired shares of Robinhood for 9.6 million dollars and sold shares of Block for a total of 20.6 million dollars.

Additionally, a week ago, Ark added 38,865 shares of Coinbase for a value of 8 million dollars for its Next Generation Internet ETF (ARKW), in addition to making a purchase of 8.7 million dollars in the previous week. Meanwhile, it sold 8.2 million dollars of its own Bitcoin spot ETF (ARKB).

#coimbase Coinbase plans to return to India by registering with the FIU
The US cryptocurrency exchange seems ready to re-enter the Indian market three years after its first attempt.
The cryptocurrency exchange Coinbase is one step closer to relaunching its services in India after obtaining a license from the country's Financial Intelligence Unit (FIU).

On March 11, the cryptocurrency exchange revealed on social media that "we are approved to launch in India," prompting a follow-up from Coinbase's legal chief, Paul Grewal.

"Coinbase is now registered with the FIU," said Grewal. "It's a great step towards empowering Indian entrepreneurs to build, innovate, and scale global on-chain businesses, all from home."

A blog post from Coinbase confirmed that the exchange plans to offer cryptocurrency trading services in the country, but did not specify a timeline for the rollout of the service.

In addition to cryptocurrency traders, India's developer community could benefit from the availability of Coinbase and its related tools, including its Base network, according to the company's regional managing director for APAC, John O'Loghlen.

Cointelegraph reached out to Coinbase for more information about its launch plans in India, but did not receive an immediate response.

Coinbase's first foray into India in 2022 lasted only a few days after it encountered issues with the country's central bank.