Cryptocurrency Daily Thefoxposts.com

Coinbase CEO Brian Armstrong has faced a barrage of ridicule after posting on X that 40% of code written for his crypto exchange is “AI-generated,” and he wants this to rise to more than half by next month. The somewhat arbitrary metric has drawn criticism and derision from across an industry all-too-familiar with the risks that hastily put together code can bring. ~40% of daily code written at Coinbase is AI-generated. I want to get it to >50% by October. Obviously it needs to be reviewed and understood, and not all areas of the business can use AI-generated code. But we should be using it responsibly as much as we possibly can. pic.twitter.com/Nmnsdxgosp — Brian Armstrong (@brian_armstrong) September 3, 2025 Read more: Coinbase torched by crypto community for US army parade sponsorship Armstrong’s recognition that AI-generated code should be “reviewed and understood, and not all areas of the business can use [it]” seemed insufficient to calm suspicions that...

JPMorgan Chase has become the first major United States bank to give its retail customers a direct route into cryptocurrencies, unveiling a strategic tie‑up with exchange Coinbase that will let Chase credit‑card holders buy digital assets and convert reward points into the USD Coin (USDC) stablecoin. The phased roll‑out, announced on 30 July, will also introduce a secure bank‑to‑wallet link for the group’s 80 million account‑holders, signalling a decisive shift by the country’s biggest lender towards mainstream adoption of crypto. Under the agreement, customers will receive $1 of USDC for every 100 Ultimate Rewards points transferred and will be able to fund their Coinbase accounts with Chase cards before the end of the year. We're partnering with @Chase to accelerate crypto adoption. Coming soon: → Use Chase credit cards on Coinbase → Redeem rewards points for USDC → Directly link Chase accounts to Coinbase Bridging tradfi to crypto. pic.twitter.com/ObxIaMWI3J ...

Coinbase, the largest crypto exchange in the US, has announced the possibility of listing a gold-pegged stablecoin. In a new post on the social media platform X, Coinbase says it’s added PAX Gold (PAXG) to its listing roadmap. A placement on Coinbase’s roadmap doesn’t guarantee a future listing, but it announces the potential for it to be listed in order to promote transparency and prevent possible insider trading. PAX Gold is an Ethereum (ETH)-based token backed by physical gold and issued by blockchain infrastructure platform Paxos. Says the project, “PAXG offers investors a cost-effective way to own investment-grade physical gold with all the benefits of the blockchain. Each Pax Gold (PAXG) token is backed by one fine troy ounce of gold, stored in LBMA (London Bullion Market Association) vaults in London. If you own PAXG, you own the underlying physical gold, held in custody by Paxos Trust Company… The allocated gold that backs PAXG i...

Coinbase has rolled out trading support for the brand-new native token of a layer-1 blockchain focused on intellectual property (IP). The scalable intellectual property solution Story launched its public mainnet on Thursday and aims to serve as a blockchain where rights holders can upload IP, set the terms of use and monetize it throughout the protocol’s application ecosystem. Explains Story’s launch announcement, “AI (artificial intelligence) is undermining IP as we know it. The traditional IP system can no longer keep pace with the speed and scale of generative AI. Centralized intermediaries make exchanging, licensing, and monetizing IP prohibitively expensive. IP owners see their works used in AI models without attribution or compensation, and even AI companies themselves can’t possibly make millions of individual licensing agreements. AI and IP are locked in a zero-sum struggle, making the marketplace of ideas both illegible and illiquid. S...

A memecoin based on the name and likeness of a baby hippopotamus in a Thai zoo is stumbling at the gates following a new Coinbase listing. Yesterday, Coinbase announced the listing of Moo Deng (MOODENG), a Solana (SOL)-based memecoin. “Moo Deng (MOODENG) is now live on //coinbase.com & in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” Moo Deng is the name of a baby pygmy hippopotamus born in the Khao Kheow Open Zoo in Si Racha, Chonburi, Thailand, this past summer. The hippo has become an internet sensation, inspiring memes and memecoins alike. Moo Deng means “bouncy pork” in Thai. Our favorite bouncy pork a.k.a Moo Deng ??#moodeng @KhaokheowZoo @MooDengSOL pic.twitter.com/5cJl9oJD82 — Moo Deng (@moodengx) December 1, 2024 In November, Moo Deng went viral again by correctly “predicting” the outcome of the 2024 U.S. Presidential Election. D...

The crypto market is currently experiencing a bullish surge, especially within the meme coin sector. This trend is reflected in the top trending cryptos on Tron chain today, including PussFi, Cyber Dog, and FRED. Notably, the recent Coinbase and Robinhood listings of PEPE have sparked a wave of excitement. These major listings are not only boosting the meme coin market but also drawing more attention to other tokens on the TRON chain. As a result, the momentum is growing, creating new opportunities for investors.  Top Trending Cryptos on Tron Chain Today Apart from the current meme coin rally, PussFi, Cyber Dog, and FRED are gaining traction on Tron Chain with their unique offerings. PussFi stands out with its utility and deflationary mechanics, driving strong community engagement. Cyber Dog, with its playful branding, is rapidly growing thanks to its passionate community. Meanwhile, FRED offers stability for cautious investors, providing reliability amidst market volatility. Ea...

Crypto executives and advocate groups are reportedly looking to raise $100K for US Vice President Kamala Harris in an attempt to encourage a more relaxed stance towards the digital asset space should she win the November election. According to an Aug. 30 report by Reuters, the group is planning the fundraiser for Sept. 13 in Washington. Tickets for the event will be priced between $500 and $5,000. Crypto Advocates Support Kamala Harris To Try Bring An End To The SEC’s Attack Organizers of the fundraiser hope the event will lead to the Democratic nominee softening her stance towards the nascent crypto industry. This comes after several US companies operating in the sector were targeted by the Securities and Exchange Commission (SEC) for alleged securities violations under President Joe Biden. Among the fundraiser’s organizers is the Blockchain Foundation. Cleve Mesidor, an executive director at the Blockchain Foundation, hopes that the event will facilitate talks about...

Coinbase Global Inc (NASDAQ: COIN),a leader in cryptocurrency exchange, has recently stirred the market with hints of an upcoming product launch, a synthetic Bitcoin (BTC) token named “cbBTC.” This potential addition to Coinbase’s offerings could position the exchange as a formidable competitor in the synthetic Bitcoin market, which is currently dominated by BitGo’s Wrapped Bitcoin (WBTC).  The announcement of cbBTC is especially significant as it arrives amid growing concerns and controversy surrounding WBTC and its association with Tron (TRX) founder Justin Sun. Picks for you HyperCycle unveils RingOfRings project to enhance crypto security 3 hours ago Here's Bitcoin's new bullish target as key price level...

Coinbase and Circle each expanded their European presences following regulatory approval from the French AMF. Crypto exchange Coinbase secured a virtual asset service provider (VASP) license from France’s Financial Markets Authority (AMF) as it positions itself outside the U.S. and across European markets.  The AMF’s approval authorizes Coinbase to do business as a digital asset trading venue, offering cryptocurrency trading, crypto-fiat pairs, and crypto custodial services, according to a Dec. 21 CNBC report and a company spokesperson. Meanwhile, USD Coin (USDC) operator Circle announced conditional registration with the French AMF. CEO Jeremy Allaire said the company hopes to obtain a full Digital Asset Service Provider (DASP) from France’s financial watchdog.  .@circle receives conditional Digital Asset Service Provider (DASP) registration in France, home to Circle's EU HQ for our stablecoin platforms. We also announced that Coralie Billmann has joined to head French oper...

Brian Armstrong’s U.S. crypto exchange emailed some users about a court summons received from the CFTC regarding rival platform Bybit. Coinbase, America’s largest crypto exchange, sent emails to select customers concerning a subpoena the company received from the Commodity Futures Trading Commission (CFTC) in the regulator’s investigation into Bybit, a Dubai-headquartered digit asset trading venue.  The notice posted by Coinbase customers on social media explained that the exchange may submit information on certain accounts and their transaction histories by U.S. laws.   No action is required from you, but Coinbase may respond to the Subpoena unless served before November 30, 2023 with a motion to quash or other objection to the subpoena that has been filed with the Court – including by sending information concerning your Coinbase account to the Commodity Futures Trading Commission. Coinbase email on CFTC-Bybit subpeona CFTC Subpoena to Coinbase In The Matter O...

Coinbase plans to liquidate the remaining BSV holdings in its wallets by January 2024. Cryptocurrency exchange Coinbase is set to completely remove Bitcoin’s (BTC) hard fork, Bitcoin SV (BSV), from its platform following its delisting back in 2021. Coinbase finally saying goodbye to BSV pic.twitter.com/o1FxAqgy6J — Alex Gladstein (@gladstein) November 6, 2023 In an email letter to its customers, Coinbase said it will stop supporting BSV on Jan. 9, 2024, at or around 12 p.m. ET. The U.S.-based trading platform added those who fail to withdraw their BSV coins until the deadline will be liquidated. “Upon liquidation, your BSV will be converted to the then-equivalent market value of another support ed digital asset and credited back to your account, minus any transaction costs.” Coinbase You might also like: Bitcoin SV network degradation, mining empty blocks The company noted those who would not withdraw BSV from the platform might not get any...

Coinbase changed the Zcash confirmation requirement to 110 blocks, increasing deposit time from 40 minutes to 2.5 hours. Crypto exchange Coinbase has limited trading with Zcash (ZEC) after it found that a single mining pool now controls more than 50% of Zcash’s hash power. In a blog post on Sept. 15, Coinbase said it increased the number of network confirmations required for processing deposits and moved our ZEC trading markets into a limit-only mode to reduce the impact of any volatility. Now, Coinbase waits for 110 blocks to be confirmed by the network, which means users would have to wait about 2.5 hours to deposit ZEC into the exchange. Block distribution in Zcash | Source: MiningPoolStats According to data from MiningPoolStats, ViaBTC is now controlling 53% of the Zcash hashing power, while unknown entities control 18.3% and AntPool — 12.2%. Coinbase says it has reached out to Electric Coin Company (ECC), the team behind Zcash, and ViaBTC to reduce the risks of an a...

On-chain data indicates that FTX US – which filed for bankruptcy alongside FTX on Friday – has frozen customer withdrawals.  According to Etherscan – an Ethereum block explorer – the FTX US wallet hasn’t processed an outbound transaction since 05:20:11 PM UTC on Friday. Trading on the exchange is still live. However, a notice on the site states that trading may be “halted” within a few days, and that withdrawals “are and will remain open.” FTX, the world’s second-largest crypto exchange, froze withdrawals this week following the alleged mishandling of client assets. FTX US, however, is technically separate from FTX’s international exchange, subject to stringent US laws about handling customer funds. Until today, withdrawals were seemingly processed as normal. When former FTX CEO Sam Bankman-Fried tweeted about FTX’s situation on Tuesday, he framed it as distinct from FTX US. “FTX US’s withdrawals are and have been live, are fully backed 1:1, and operating normally,” he said...

A U.S. District Court has dismissed a class action lawsuit against Uniswap, one of the world’s top decentralized exchanges (DEXes), stating that the plaintiffs’ claims were “devoid of factual support”, highlighting ambiguities in current crypto regulations. On Aug. 29, a class action lawsuit against Uniswap was dismissed by Judge Katherine Polk Failla, who is also overseeing a case by the U.S. Securities and Exchange Commission against Coinbase. The judge found that some of the allegations against Uniswap lacked factual evidence, rendering them untenable in a court of law. The lawsuit, initiated last year, accused Uniswap, its founder Hayden Adams, and venture capital firms Andreessen Horowitz and Paradigm of contributing to “rampant fraud” on the exchange. Additionally, the suit contended that Uniswap should register with the Financial Industry Regulatory Authority (FINRA) and it was involved in the sale of unregistered securities. Judge over...

Research group Fireblocks has disclosed several vulnerabilities that could affect wallet s using multi-party computation (MPC) technology providers. The company explained that the BitForge vulnerabilities had affected some of the most important wallet providers, like Coinbase, Zengo, and Binance. 1/ The Fireblocks research team has uncovered BitForge, a set of vulnerabilities in some of the most widely adopted MPC protocols, that allow an attacker to retrieve a private key from a single device. Read on → https://t.co/xo2r9zgCvj pic.twitter.com/7q1nEeVBwO — Fireblocks (@FireblocksHQ) August 9, 2023 Fireblocks’s researchers added that the vulnerabilities could allow hackers and malicious insiders to take funds from the wallets of millions of retail and institutional users. “It is evident from our findings that not all MPC developers and teams are created equal. Companies leveraging web3 technology should work closely with security experts with the know-how an...

The US Securities and Exchange Commission (SEC) asked Coinbase to halt all crypto trading operations except for Bitcoin (BTC). Financial Times (FT) report cites the San Francisco-based crypto exchange Coinbase’s CEO Brian Armstrong. He claims that SEC’s request came prior to the regulator’s lawsuit against the exchange. On July 6, SEC sued Coinbase for allegedly operating in the US without having the necessary registrations.  Moreover, Armstrong believes that the agency’s demand to halt all digital asset trading activities — with Coinbase offering more than 200 tokens — would have brought “the end of the crypto industry in the US.” “They came back to us, and they said . . . we believe every asset other than Bitcoin is a security. And, we said, well how are you coming to that conclusion, because that’s not our interpretation of the law. And they said, we’re not going to explain it to you, you need to delist every asset other than Bitcoin.” Coinbase CEO Brian Armstrong to...

Coinbase Asserts No Rules Were Broken During the course of the 14-minute video, CEO Brian Armstrong emphasized that the company was ready to defend their position in court, however, they are open to a “true dialogue to a workable path forward” for the larger crypto sector. While speaking about the Wells Notice received last month, Armstrong was quoted as saying: advertisement A Wells Notice at this stage, when there is not a clear rulebook, is not constructive and it’s not good for America. Read More: Google & Polygon Join Forces To Boost Network Growth, MATIC Price Set To Rally? Chief Legal Officer Paul Grewal provided a list of a few pointers to demonstrate the company’s compliance with the securities law. These pointers highlight that the company does not list securities, follows a “robust process” as outlined by the SEC, and that it rejects over 90% of the crypto assets during an internal review prior to getting l...