Posts about Coinbase
Coinbase CLO just tweeted they are going to re-list XRP after carefully reviewing the Judges decision that XRP to retail investors does not meet the HOWEY definition of a security. After lawyers combed through the details, apparently the SEC would have to prove in court otherwise one by one which appears to be almost impossible, so a very clear bonus for XRP retail holders. I wonder what will happen tonight when the Asian crypto markets wake up to all this news? XRP has such a massive following in Asia and Australia and is the favorite coin amongst many there.
I remember recently reading about the excitement in Korea and Australia recently about XRP so it's going to be something to behold come tomorrow.
" https://twitter.com/iampaulgrewal/status/1679576508036259840 "
"Coinbase will re-enable trading for XRP (XRP) on the XRP network. Do not send this asset over other networks or your funds may be lost. Transfers for this asset remain available on u/Coinbase & u/CoinbaseExch in the regions where trading is supported"
" We've read Judge Torres' thoughtful decision. We've carefully reviewed our analysis. It's time to relist"
"Update:" Had to modify the first two sentences from my OP as the lawyers have more facts now and apparently it is a big win for XRP retail as after they scrutinized the Judge's documents, it would be up to the SEC in court to prove on a case by case basic that retail investors purchased a security and as the way it stands now, retail XRP does not meet all the prongs of the Howey Test.
Coinbase and Gemini said today they are going to re-list xrp after carefully reviewing all the documents as well, so quite a big day in crypto!
Earlier today Coinbase made a “transparency post” naming about 50 assets that they are planning to list on their exchange. Most of them are illiquid shitcoins that no one can figure out why they are even listing in the first place.
A bunch of people on Twitter went digging on-chain and found out that there is an insider that has been buying massive positions in these tokens, which have all obviously skyrocketed after the announcement.
This is blatant corruption and insider trading. Yet the SEC won’t do shit about this and instead prevents a Bitcoin ETF from existing or bans US residents airdrops. This is why we can’t have nice things.
Hey everyone,
I want to share a milestone of my jurney in the world of crypto curriencies.
After having the issues of freezed funds etc. I am finally my own bank.
I moved all my funds from exchanges into my harware wallet to keep them safe!
It was very simple & easy to set-up the wallet, it also has a perfect interface to follow-up your assets. I recommend everybody to buy their own wallets for their own safety!
I wish you all a great weekend fellow crypto enthusiasts!
What else do you suggest me as a next milestone? Mining, staking? Waiting for your comments! 😀
https://i.redd.it/zctjdyq43ge81.jpgIn the nick of time, a gigantic crisis for the major US crypto exchange Coinbase was recently prevented. A "white hat hacker", a hacker with good intentions, came across a major vulnerability and instead of exploiting it, he notified the team at Coinbase. Coinbase was able to fix the vulnerability in no time and publicly thanked the hacker.
Coinbase white hat hacker
The hacker in question is known on social media as "Tree of Alpha. On Twitter a few days ago, he let it be known that he wanted to get in touch with Coinbase's dev team urgently. As it turns out, he was on to something important.
Just a few hours later, Coinbase announced that they had temporarily suspended all trading on the Advanced Trading platform under the guise of "technical problems. Moments later, the problems had been resolved, Tree of Alpha itself confirmed.
According to Tree of Alpha, the problems could have potentially caused a real catastrophe for Coinbase and the rest of the crypto industry. Indeed, the vulnerability allowed malicious parties to manipulate all Coinbase order books with fake prices. Of course, the consequences of such an exploit would have been huge, not only for the crypto exchange, but for the overall crypto industry.
Coinbase CEO Brian Armstong
Brian Armstrong, CEO of Coinbase, has since publicly thanked Tree of Alpha. According to him, the hacker's willingness to warn Coinbase instead of exploiting the vulnerability himself once again shows what the crypto community really stands for. It is unknown if Tree of Alpha received a reward for his achievements. This is often the case within the crypto industry.
At least Coinbase can count itself lucky that it ended with a bang.