Coinbase acquires crypto wallet provider BRD’s team as utility token price surges 500%

Crypto wallet provider BRD said “nothing will change” for users following an acquisition from major U.S. crypto exchange Coinbase. In a Wednesday letter to BRD users, CEO Adam Traidman and co-founder Aaron Voisine said some of the company’s team members would be moving to Coinbase to continue working on crypto wallets. Coinbase Wallet said on Twitter that the addition of the BRD team would “help accelerate web3 adoption” as well as provide “deep expertise in self-custody.” “Nothing will change in the BRD wallet app and as always, your funds are…

Coinbase reportedly down for some users after fixing connectivity issue

Nasdaq-listed cryptocurrency exchange Coinbase reportedly continues to face some system difficulties after experiencing a major connectivity problem. Both Coinbase brokerage and its trading platform Coinbase Pro were unavailable on Nov. 23 due to connectivity issues on both platforms, Coinbase Support officially reported. “This may cause failed trades, delayed transactions, and unexpected behavior on the webpage and mobile apps,” Coinbase said. The exchange said it resolved the issue as of 2:00 a.m. UTC on Nov. 24 as the problem was no longer affecting Coinbase products and services. According to Coinbase’s incident…

Users panic after Coinbase mistakenly sends 2FA reset notices to customers

Customers of leading U.S. crypto exchange Coinbase have spent the weekend panicking after the exchange mistakenly sent emails to users stating their two-factor authentication (2FA) settings had been changed. On Aug. 27, Coinbase accidentally sent the email to 125,000 of its customers, resulting in widespread public backlash. Coinbase took to Twitter on Aug. 29 to apologize for the mishap, stating: “We’re laser-focused on building trust and security into the crypto community so that the open financial system we all want is a reality. We recognize that issues like this can…

Bitstamp and Ledger execs weigh customer service debate after Coinbase saga

Popular cryptocurrency exchange Coinbase recently amassed a panoply of customer service complaints regarding account locking, hacking and even lost funds. A recent tweet by crypto analyst Kaleo garnered hundreds of comments from users all sharing stories of their unfavorable experiences with the exchange. This isn’t the first time the firm has received public backlash over it’s customer service practices. Back in March, the New York Times told the story of a customer who lost over $100,000 on the platform and went onto sue the company. Coinbase users have reportedly filed…

Coinbase stock is cheap, put 5% of your portfolio in crypto

Jim Cramer, the host of CNBC’s “Mad Money” has recommended buying Coinbase stock, and suggested that 5% of investment portfolios should be allocated to cryptocurrency. Cramer made the comments in the Lightning Round on Aug. 25 in response to a caller who asked whether buying Coinbase stock was a good way to get crypto exposure. The 66-year-old finance personality stated that while Coinbase’s listing went “very poorly” he views it as a big player in crypto: “I think Coinbase is inexpensive. I don’t really care for management because I think…

Coinbase hires former Facebook exec as chief marketing officer

Kate Rouch will be joining major cryptocurrency exchange Coinbase after more than 11 years in various positions at Facebook.  In a Thursday blog post, Coinbase chief operating officer Emilie Choi said the company had hired Rouch as its new chief marketing officer, responsible for overseeing the exchange’s global brand, as well as product and performance marketing. Until recently, she was the global head of brand and product marketing at social media giant Facebook, but now aims “to bring millions more people into the cryptoeconomy.” “I am so inspired by what…

Coinbase users angry with customer support after funds disappear from accounts

Coinbase is under fire for terrible customer service following reports of users accounts being hacked and drained of funds.  According to an Aug. 24 investigation by CNBC, thousands of customers across the country have lodged complaints against the company. The outlet stated that it had interviewed numerous Coinbase customers who claimed hackers had drained their accounts, with the issue exacerbated by the exchange not responding to support requests: Interviews with Coinbase customers around the country and a review of thousands of complaints reveal a pattern of account takeovers, where users…

Coinbase warns infrastructure bill’s crypto provisions could impact 20% of US population

Coinbase’s Global VP of tax, Lawrence Zlatkin, has taken aim at the rushed cryptocurrency provisions added to Congress’ bipartisan infrastructure bill “at the last minute,” slamming lawmakers for hastily inserting amendments that could impact “60 million Americans.” In an Aug. 21 blog post taking aim at an Aug. 19 editorial article from Bloomberg that praised the infrastructure bill’s crypto provisions, Zlatkin criticized the lack of opportunity for public discourse regarding the legislation, estimating that 20% of the U.S. population are invested in digital assets: “Today, around 60 million Americans own…

Walmart is seeking a crypto product lead, the Dogecoin Foundation is active again after a long break, Coinbase has amassed a $4 billion cash-backed war chest: Holder’s Digest, Aug. 15-21

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week   Infrastructure bill passes US Senate — without clarification on crypto On Tuesday, the controversial infrastructure bill passed in the U.S. senate In a 69-30 vote. The bipartisan bill proposes roughly $1 trillion of funding into transportation and electricity infrastructure projects. The bill also puts…

Coinbase will buy $500M in crypto and invest 10% of all future profits in digital assets

Leading U.S. exchange by trade volume, Coinbase, has revealed plans to add half a billion dollars worth of crypto to its balance sheet. Coinbase CEO, Brian Armstrong, announced that the company’s board had approved the crypto spending spree in an August 20 tweet, adding that Coinbase also plans to invest 10% of all profits generated into digital assets moving forward. Armstrong also indicated the company hopes to increase the percentage of profit it allocates to cryptocurrency purchases over time. We recently received board approval to purchase over $500M of crypto…