Tag: Coinbase

Coinbase, Binance seek Anthropic Mythos access as crypto firms brace for AI security threats

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Coinbase and Binance are seeking access to Anthropic’s Mythos model as crypto exchanges and custodians move to prepare for a new wave of AI driven cyber threats, according to a report from The Information. The report said Coinbase is in close communication with Anthropic about Mythos, with Coinbase CSO Philip Martin saying the model will accelerate digital threats as well as defense, while Binance and Fireblocks are also taking steps to understand how far it could reshape cyber offense and defense tools. The push comes just one week after Anthropic…

Coinbase CEO Backs US Treasury Secretary‘s Push to pass CLARITY Act

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Brian Armstrong, the Coinbase CEO who withdrew the crypto exchange’s support for the Digital Asset Market Clarity Act in January, said “it’s time” for the legislation to pass after months of delays. In a Thursday X post, Armstrong said that Coinbase agreed with comments from US Treasury Secretary Scott Bessent in a recent Wall Street Journal op-ed, in which he urged Congress to act on the crypto bill soon. According to the CEO, the current version of the legislation, after months of negotiations between lawmakers and representatives from the crypto…

Coinbase Announces Upgrade for x402 Protocol Enabling Usage-Based Pricing

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Coinbase has announced an upgrade for the x402 protocol, enabling usage-based pricing for agentic AI compute requests, which replaces the former flat fee model. In a post on X on Thursday, Coinbase Developer Platform announced the “Upto” scheme has gone live, adding it will help open up “variable-cost services” for agentic AI such as large language model inference, compute and data queries. “Until now, x402 only supported exact, fixed-price payments. That works great for deterministic APIs. But it blocked an entire category of services where the cost depends on usage,…

Ex-SEC, Coinbase Staffer Becomes Securitize President

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Newly appointed company president Brett Redfearn briefly worked as Coinbase’s head of capital markets and served for more than three years at the SEC. Tokenization platform Securitize has named Brett Redfearn as president, with the former official at the US Securities and Exchange Commission (SEC) also joining its board of directors. Securitize’s Thursday notice said Redfearn previously served as the SEC’s director of its division of trading and markets, worked as Coinbase’s head of capital markets and held various roles over a decade spent at JPMorgan. He most recently has…

MarketVector, Coinbase Launch Bitcoin–Gold Index Amid Store-of-Value Debate

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MarketVector Indexes and Coinbase Asset Management have launched a new index tracking Bitcoin and tokenized gold, offering investors exposure to assets commonly associated with wealth preservation. The companies unveiled the Coinbase Store of Value Index on Thursday, which tracks Bitcoin (BTC) and Pax Gold (PAXG) — one of the largest gold-backed tokens. The index is designed as a benchmark combining digital assets with traditional store-of-value instruments. Bitcoin and gold are weighted using an inverse volatility model, meaning lower-volatility assets receive a higher allocation. The benchmark is rebalanced quarterly and calculated…

Visa and Coinbase team with Nevermined on AI agent commerce

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Visa Intelligent Commerce is powering a new Nevermined integration that lets AI agents buy digital goods and services autonomously using existing card rails, in a move aimed at turning agent activity into actual merchant revenue. The system combines Visa’s agent payment framework with Coinbase’s x402, an internet native payments protocol, to let agents request and pay for individual digital assets such as articles, dataset queries, API responses, and other services. Nevermined said the launch allows users and businesses to enroll their own Visa cards, delegate spending authority to AI agents,…

Coinbase gains AFSL licence to bring ‘Everything Exchange’ to Australia

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Coinbase Australia has received an Australian Financial Services Licence (AFSL) with retail derivatives authorisation from the Australian Securities and Investments Commission (ASIC), becoming the first crypto exchange to achieve this milestone. An AFSL authorizes businesses to provide regulated financial services in Australia. It covers activities like giving financial advice, trading financial products, operating investment schemes, and other specified services. AFSL holders must meet their disclosure and compliance obligations, maintain adequate resources, and uphold the standards of Australia’s financial regulatory framework. The approval reflects years of investment in the market and…

US Community Banks Push Back on Coinbase Trust Charter Approval

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The Independent Community Bankers of America has opposed the Office of the Comptroller of the Currency’s (OCC) conditional approval of Coinbase’s national trust bank charter, warning the application falls short of regulatory standards and could pose risks to consumers and the financial system. On Thursday, ICBA said Coinbase’s application shows deficiencies in risk controls, profitability and resolution planning, and argued the OCC lacks statutory authority to expand trust powers for crypto-related activities without applying the full set of banking regulations. The group said the decision reflects a broader trend of…

Coinbase Receives Conditional Approval for US Trust Charter

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Chief legal officer Paul Grewal announced the approval on Thursday, thanking OCC head Jonathan Gould, who took office less than a year ago. The US Office of the Comptroller of the Currency (OCC) has approved cryptocurrency exchange Coinbase’s application for a national bank trust charter after six months of consideration. In a Thursday X post, Coinbase chief legal officer Paul Grewal said the company received conditional approval for the OCC application, following December approvals for Ripple Labs, BitGo, Circle, Fidelity Digital Assets and Paxos. Although the company said it had…

Detroit Set to Enter Michigan‘s Battle against Coinbase Prediction Markets

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Lawyers representing the US city of Detroit plan to file an amicus brief in Coinbase’s lawsuit against Michigan, which argues that federal regulators should have authority in overseeing prediction markets and not states.  In a Thursday filing in the US District Court for the Eastern District of Michigan related to state officials’ motion for a preliminary injunction, District Judge Shalina Kumar approved an order which will allow Detroit to file a brief supporting state authorities in their lawsuit against Coinbase. Kumar gave Detroit’s lawyers until April 3 to make the…