Tech

El Salvador buys more bitcoin after ratings agency downgrades its debt

Enlarge / Nayib Bukele, president of El Salvador. (credit: Kellys Portillo/APHOTOGRAFIA/Getty Images) Bitcoin’s price has plunged in recent days, briefly falling below $30,000 on Monday evening and again on Wednesday morning. Nayib Bukele, the bitcoin-boosting president of El Salvador, sees bitcoin’s low price as a buying opportunity. He announced on Monday that El Salvador had […]

Tech

SEC threatens to sue Coinbase over lending product

Enlarge (credit: Chesnot / Getty Images) The US Securities and Exchange Commission has warned that it will sue Coinbase if it launches a new digital asset lending product, and also issued subpoenas to the cryptocurrency trading platform to provide it with more information, according to executives. Paul Grewal, Coinbase’s chief legal officer, said in a […]

Tech

Coinbase erroneously reported 2FA changes to 125,000 customers

Enlarge / On Friday afternoon, Coinbase sent email and SMS text messages to 125,000 customers, erroneously telling them that their 2FA settings had been changed. (credit: SOPA Images) Cryptocurrency exchange Coinbase sent an automated message to a large number of its customers on Friday, saying “your 2-step verification settings have been changed.” Unfortunately, the message […]