2024-04-12 15:25:00
Bankrupt crypto lender BlockFi announces plans to shut down its web platform by May and partners with Coinbase to allow clients to access and withdraw funds (Amaka Nwaokocha/Cointelegraph)
https://cointelegraph.com/news/blockfi-coinbase-fund-distribution…
Block starts shipping Bitkey, its $150 bitcoin wallet debuted in 2022, with a hardware device, mobile app, recovery tools, and Cash App and Coinbase integration (Emma Roth/The Verge)
https://www.theverge.com/2024/3/13/24099583/block-crypto…
Coinbase stock crosses the exchange's 2021 direct listing price of $250 after growing over 300% in the last 12 months, as bitcoin hovers around record highs (Carmen Reinicke/Bloomberg)
https://www.bloomberg.com/news/articles/20
As bitcoin rallies past $67K and nears its all-time high, Coinbase's stock, which hit $46.43 last year, soars to $229.15, nearly doubling in the past month (Niamh Rowe/Fortune)
https://fortune.com/crypto/2024/03/04/coinbase-shares-double-crypto…
"On November 10, 2021, bitcoin peaked at $68,990. The price tipped over that for two minutes, from 15:04 to 15:05 UTC yesterday, March 5, 2024.
The price promptly dropped $2,000 straight away, and then another $8,000 by 20:00 UTC, as the bagholders tried desperately to cash out — while they could, as Coinbase had yet another inexplicable outage, coincidentally with all the other exchanges."
Come one kids, we know this by know. Bitcoin price is pumped with stable coins …
"We're implementing 5 new measures to increase talent density at Coinbase"
Oh boy, this is going to be some spicy steaming goose turds. Let's unpack this a bit, but please wear a gas mask
https://www.coinbase.com/th/blog/talent-density-at-coinbase
Be me.
Realize "hmm, I think I have some ETH in a wallet that's probably worth something"
Log into Metamask over Mac Screen Sharing. Yep, I still remember my passphrase.
Copy wallet via recovery phrase to current machine.
Send all ETH to Coinbase using the "low cost, slow txn" gas setting.
Start Coinbase One trial for free trading.
Sell all ETH to USD.
Relink bank acct via Plaid.
Withdraw all the $$$.
Cancel Coinba…
Coinbase adds support for the Bitcoin Lightning Network via payments startup Lightspark, letting customers transfer bitcoin faster and at a lower cost (Derek Andersen/Cointelegraph)
https://cointelegraph.com/news/coinbase-integrates-lightn…
Coinbase reports Q1 net revenue up 116% YoY to $1.59B, vs. $1.32B est., net income of $1.18B, consumer transaction revenue of $935M, up 99% QoQ (Olga Kharif/Bloomberg)
https://www.bloomberg.com/news/articles/2024-05-02/coinb…
Coinbase says it was granted a restricted dealer license in Canada, meeting the country's strict crypto demands as it pushes to expand abroad amid SEC crackdown (Ryan Browne/CNBC)
https://www.cnbc.com/2024/04/04/coinbase-secures-restri…
A US judge rules an SEC lawsuit against Coinbase can proceed, but dismisses one claim over Coinbase Wallet, a partial win for Coinbase in a lengthy court battle (Reuters)
https://www.reuters.com/technology/coinbase-must-face-us-se…
I am beating myself for not saving an article that I read a few months back where the authors predicted the collapse of #Coinbase and in a very specific terms, and painted it as an event that's soon happening.
I love these type of things not to dunk on the authors, but more to appreciate how complicated the world is and how easily someone offers such a forecast and how silly it is.
OpenSecrets: crypto sector-backed super PACs have raised $102M so far, the third-most of 2024 election PACs, including $54M from companies like Coinbase (Rick Claypool/Public Citizen)
https://www.citizen.org/article/cryptobros-united-fairshak…
Coinbase says all services on its website have been restored after an issue on February 28 caused some users to see a zero balance in their accounts (Reuters)
https://www.reuters.com/technology/coinbase-says-its-in…
"1. Enhanced structured assessments with cognitive testing"
This is basically "racism with a side of logic puzzles"
"Over the past 12 months, we have tested structured assessments for cultural alignment and technical skills, and validated these were predictive of performance at Coinbase"
Measuring performance is itself a can of worms and racism magnet. In order words: garbage in, garbage out. They're validating that they get what they measure, but if both are biased in the same way, well, probably they aren't learning what they think they are.
"We believe having a minimum bar on these assessments will drive consistency in evaluation, reduce bias, and foster a meritocracy."
Consistency? Probably. Consistency of goose turds.
Reduce bias? Certainly the opposite. They're literally creating bias via cultural alignment. That's the whole fucking point of cultural alignment: it's intentional bias.
Oh, did they mean reducing discrimination against protected classes? LOL. also no. Probably they never learned that IQ tests are racist, and what they're doing is probably worse.
"Foster a meritocracy" what is this, a parody of 2005 libertarian tech start-ups? … … oh right, griftocurrency.
Apparently they were sick the day that their grade school teacher presented why meritocracy is a myth
https://en.m.wikipedia.org/wiki/Myth_of_meritocracy
Coinbase says all services on its website have been restored after an issue on February 28 caused some users to see a zero balance in their accounts (Reuters)
https://www.reuters.com/technology/coinbase-says-its-in…
Sources: Nigeria ordered telecoms to restrict access to the websites of some of the world's largest crypto exchanges, including Binance, Coinbase, and Kraken (Financial Times)
https://t.co/UCL5khCyoU