Coinbase Faces Biometric Data Lawsuit
@Coinbase faces a lawsuit in Illinois for allegedly violating BIPA by scanning users’ facial data without consent, risking significant fines. #Breaking #Legal (-8) ↘
Crypto Exchanges
Focuses on platforms where cryptocurrencies are bought, sold, or traded, including features, security measures, and exchange rates.
Crypto Market Soars Coinbase eToro IPO
Bitcoin surged to over $105,000 following a China-USA trade agreement; @Coinbase joins S&P 500, replacing Discover Financial Services. #Update #Crypto $BTC (+7) ↗
Crypto Milestone Bitstamp Secures EU License
@Bitstamp secures a CASP license under EU’s MiCA from Luxembourg’s Commission de Surveillance du Secteur Financier, enabling operations across the European Economic Area. #Update #Legal (+4) ↗
Crypto Milestones Nasdaq Launches eToro Galaxy
@coinbase faced a $400M data breach due to contractor bribery, affecting under 1% of users; SEC probe continues amid S&P 500 inclusion #Breaking #Security (+9) ↗
Crypto: Kraken’s Strategic Bunq Investment
@krakenfx integrated its service into neobank @bunq’s platform within weeks, potentially expanding its user base as it eyes an IPO. #Update #Crypto (+4) ↗
Crypto Partnership: Webull Pay Joins Coinbase
@WebullPay partners with @Coinbase to enhance crypto services using Coinbase’s Crypto-as-a-Service platform, launching in June 2025. #Update #Crypto (+3) ↗
Bitcoin Accumulation Surges on Coinbase Binance
New data from @glassnode indicates a strong $BTC accumulation phase on Coinbase and Binance, with significant net buying pressure and key support between $93K-$95K. #Update #Crypto $BTC (+4) ↗
Coinbase Stock Surges Despite Hack Concerns
Coinbase shares surged 9% after S&P 500 inclusion and Benchmark’s target raise to $301, despite a data breach and ongoing SEC investigation. #Update #Crypto $COIN (+7) ↗
eToro Nasdaq Debut Sees 29% Surge
@eToro debuted on Nasdaq with a 29% stock increase, driven by institutional interest from ARK Invest, supported by Goldman Sachs and Citigroup. #Update #Crypto (+7) ↗
Crypto Exchange Cointree Fined for Delays
AUSTRAC fined @Cointree $75,120 for delayed suspicious activity reports, highlighting regulatory pressure on Australia’s crypto sector. #Breaking #Legal (+8) ↘
FTX Bankruptcy: $5 Billion Repayments Begin
@FTX_Official to distribute over $5B to creditors, with payouts ranging from 54% to 120% of claims starting May 30 #Update #Crypto $FTT (+6) ↗
SEC Investigates Coinbase Verified User Claims
The New York Times reports the SEC is investigating @Coinbase for potentially misrepresenting its “verified user” metric in past filings. #Update #Legal (+3) →
Coinbase Breach: $400 Million Loss Looms
@Coinbase reported a data breach affecting less than 1% of users, with potential losses up to $400 million due to compromised KYC and personal information. #Breaking #Crypto (-8) ↘
FTX Distributes $5B to Creditors
@FTX_Official will distribute over $5 billion to creditors starting May 30, 2025, via BitGo or Kraken, as part of its ongoing bankruptcy resolution. #Update #Crypto (+3) ↗