Trusted by Art, Betrayed by Crypto Scam Ed Suman, a retired fabricator who spent nearly 20 years contributing to iconic art pieces like Jeff Koons’ Balloon Dog sculptures, found himself the victim of a devastating crypto scam this year. After retiring, Suman invested his savings into cryptocurrency, accumulating a substantial portfolio that included 17.5 Bitcoin…
SEC Probes Coinbase Over Historic User Data Reporting Cryptocurrency giant Coinbase has confirmed that the U.S. Securities and Exchange Commission (SEC) is investigating how the company previously reported its user metrics. The disclosure came Thursday, May 15, as the exchange also revealed it was addressing the aftermath of a significant customer data breach. According to…
Coinbase Hit by Major Cyber Attack Ahead of S&P 500 Entry Just days before its planned addition to the prestigious S&P 500 index, cryptocurrency giant Coinbase has been rocked by a cyberattack that could cost the company as much as $400 million. The attack, which targeted employees and contractors, enabled hackers to impersonate the firm…
A Landmark Moment for Crypto and Wall Street Coinbase Global Inc. saw its shares soar nearly 15% on Tuesday, following the announcement of its upcoming inclusion in the S&P 500 index—a move that marks a significant breakthrough for the cryptocurrency industry. The digital asset exchange will officially enter the benchmark index before trading begins on…
Coinbase, the largest U.S.-based cryptocurrency exchange, will officially join the S&P 500 index on May 19, making history as the first crypto-native company to earn a spot in the prestigious benchmark. The announcement, first reported by CNBC, marks a pivotal moment for the digital asset sector, reinforcing cryptocurrency’s growing influence in traditional financial markets. The…
OCC Opens Doors for Banks to Handle Crypto In a landmark decision, the US Office of the Comptroller of the Currency (OCC) has officially cleared the path for banks to engage in cryptocurrency-related activities on behalf of their customers. The agency confirmed in a letter dated 7 May 2025 that national banks and federal savings associations can buy and sell…
Coinbase, the cryptocurrency exchange, has asked the United States Securities and Exchange Commission (SEC) to lift its policy restricting staff ownership of cryptocurrencies. Coinbase published letters detailing their argument on April 25, 2025. In opposition to Coinbase’s actions, the SEC seems preoccupied with trying to come up with effective regulations, claiming that their efforts will…
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