On Dec. 8, top executives from six major crypto companies faced the United States House of Representatives’ Financial Services Committee during a special hearing on digital assets. While the tone of the conversation was largely proclaimatory, the industry reacted with an optimistic buzz — it seems that crypto is bound to become a hot topic on the Hill for years to come. The meeting that took place in Congress also garnered much attention from mainstream media. What’s notable is the fact that this hearing is the first time that the industry’s senior leaders (aka “crypto moguls”) directly expressed the fears …

Crypto traders experienced a moment of gush, followed by confusion, when a glitch caused several data aggregators to briefly display enormous gains for Bitcoin (BTC), Ether (ETH) and other cryptocurrencies. CoinMarketCap and several other price indexes showed the Bitcoin price closing to $900 billion as ETH has shown over $81 billion. The momentary glitch also impacted Cointelegraph’s price indexes. Hey @CoinMarketCap, you doing ok there buddy? pic.twitter.com/WfXwpSmURU — Cointelegraph (@Cointelegraph) December 14, 2021 Displayed numbers didn’t affect the trading prices on exchanges, and the platforms quickly solved the issue. CoinMarketCap explained on Twitter that the data provider is rebooting its …

United States crypto exchange Coinbase has made new upgrades to its self-custody wallet, including adding support for nonfungible tokens, or NFTs, in a move that could drive further adoption of the browser extension. The company announced Tuesday that Coinbase Wallet will soon be able to support NFTs, giving users the ability to view their collections and access leading NFT marketplaces like OpenSea. Coinbase didn’t specify an exact date for the rollout but said users will need to have the latest version of the browser extension installed to access the features. Looking ahead into 2022, Coinbase said it plans to expand …

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. Although the markets may be down and technical indicators built upon AWS malfunctioning, fear not young degens, fundamental news and the spirit of Wagmi is abundant as ever. So, read on and discover all you need to know about the most important events of this week. What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments over the last week, subscribe below. AWS outage highlights the need for truly decentralized exchanges. An Amazon Web Service outage this week produced …

Coinbase has come under fire recently following a technology snafu that reportedly resulted in the company closing many of its customer's accounts. When users attempted to purchase Japanese stablecoin GYEN and Powerledger (POWR), they suffered from technical difficulties. This was then followed by an error in the system response. Now, deeply frustrated customers have launched an online campaign demanding refunds. #Coinbase only gave me $50 worth of $BTC ‍♀️ I need all my money back that I invest in $GYEN #GYEN and plus you guys gave me a hard time and everything and you guys only game $50 dollars you …

Major exchange Coinbase has announced it will begin to supporting crypto hardware wallets, starting with Ledger. The two companies made the announcement at the Ledger Open conference, which is taking place in Paris on Dec 9 and 10. Ledger is a major supplier of cold hardware wallets, which store users’ private keys more securely than hot online wallets. Users of the Coinbase Wallet browser extension will be able to connect their Ledger hardware wallets, maintaining self-custody and full controlover their assets. The partnership will be rolled out in phases, starting in the first quarter of 2022. Further down the track, …

The cryptocurrency market is back in high spirits today after the wider market bounced back from the Dec. 3 downturn in Bitcoin (BTC) price. Currently, bulls are aiming to send BTC price above the $52,000 support/resistance level and Ether (ETH) is trying to reclaim $4,400 but both assets are encountering push back at overhead resistance. Even with BTC and ETH consolidating, traders' change of sentiment has been a boon for altcoins and many have seen gains in excess of 50% within the past 24-hours. Data from Cointelegraph Markets Pro and TradingView shows that a few of the biggest gainers over …

On Monday, Coinbase, the fourth-largest cryptocurrency exchange globally by trading volume, announced the creation of a novel cryptographic library, Kryptology, as a compendium of tools for blockchain developers. These include secure, audited, and easy-to-use APIs, as well as a repository of common issues and lessons learned throughout the history of crypto. Without cryptography, cryptocurrencies such as Bitcoin would be digital lines of code that anyone can copy/paste. It would be easily replicable and falsifiable, leading to significant issues such as currency double-spending. Recent advancements include Boneh–Lynn–Shacham, or BLS, signatures that senders cannot deny the validity of their transactions while ensuring …

With Amazon Web Services (AWS) being one of the most popular cloud service providers on the planet, it's no surprise that Coinbase, a cryptocurrency exchange based in the United States, is attempting to capitalize on its success by developing its own cloud infrastructure solution, Coinbase Cloud. "We want to be the AWS of crypto," said Coinbase chief product officer Surojit Chatterjee in an exclusive interview with Forbes. "We are building this whole Coinbase Cloud suite of products that you can think of as crypto computing services to help developers build their applications faster." Before becoming Coinbase Cloud, the service was …

Maxine Waters, the chair of the House Committee on Financial Services, has announced several chief executive officers at major crypto firms in the United States will speak at a hearing to discuss digital assets and the future of finance. According to a Wednesday announcement, Waters said Circle CEO Jeremy Allaire, FTX CEO Sam Bankman-Fried, Bitfury CEO Brian Brooks, Paxos CEO Chad Cascarilla, Stellar Development Foundation CEO Denelle Dixon, and Alesia Haas, the CEO of Coinbase Inc. and the CFO of Coinbase Global, will be witnesses at a full House committee hearing held on Dec. 8. The hearing, named Digital Assets …

Cryptocurrency exchange Coinbase will acquire cryptographic security company Unbound Security in a move that will also have the U.S. company launch a research facility in Israel. In a Tuesday blog post, Coinbase said it would be purchasing Unbound to gain access to its cryptographic security experts as well as establish a presence in Israel. The exchange cited Unbound’s work in multi-party computation to provide users with the “virtually impenetrable nature of cold, offline storage, with the frictionless convenience of hot, online wallets.” “We’ve long recognized Israel as a hot bed of strong technology and cryptography talent, and are excited to …

Crypto wallet provider BRD said “nothing will change” for users following an acquisition from major U.S. crypto exchange Coinbase. In a Nov. 24 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 safe and secure,” said the BRD execs. “In the …