• Coinbase Pro gas fees
    Ethereum

    Enough is enough: Coinbase Pro to stop absorbing gas fees and pass costs on to ETH users

    The announcement comes as expenditure on transaction fees reaches a record high, with close to $1 million spent in a single hour

    In a series of tweets on Sep. 17, the exchange said decentralized finance’s explosion in popularity, alongside wider levels of crypto adoption, were key factors in its decision. With networks getting more congested because of higher numbers of transactions (and gas fees going up as a result,) it seemed inevitable this policy wouldn’t be sustainable forever.

  • Binance anti-crypto crime alliance
    Cryptocurrencies

    Fed up with scams and hacks, Binance launches industry-wide alliance against crypto crime

    Binance, one of the world’s biggest exchanges, believes closer collaboration between exchanges, analytics firms, and cybersecurity experts can help reduce thefts and abuses

    In time, it is hoped that members of the alliance will be able to share and access real-time intelligence on hacks, scams and other malicious activity in private—meaning sensitive information concerning users and businesses doesn’t need to be shared with rivals. It’s hoped that there will be a better chance of safeguarding funds as a result.

  • Coinbase IRS contract
    Cryptocurrencies,  Regulation

    First the feds, now the taxman: Coinbase inks $125K deal with IRS

    The latest contract has the potential to alienate Coinbase’s exchange users—as some are concerned data about their transactions could be passed on to government agencies

    Fresh from infuriating some customers after offering blockchain analytics software to the U.S. Secret Service, Coinbase has inked an even more lucrative deal… with the taxman. Records uploaded to a government website show the crypto company signed a contract with the Internal Revenue Service on July 14 that’s worth at least $125,000.

  • Bitcoin,  Technology

    Coinbase defends $183K contract with the U.S. Secret Service

    ‘I don’t think it’s particularly newsworthy,’ tweets a dismissive Brian Armstrong

    Some of the exchange’s users have expressed concerns about how their data is being used, but Armstrong has shrugged off this criticism, writing: “Whether Coinbase sells blockchain analytics software or not, transactions on public blockchains are still traceable by any number of people out there.”

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