💰 Riot Platforms Repays $200M Debt to Coinbase
Bitcoin mining giant Riot Platforms has fully repaid a $200 million credit facility from Coinbase Credit. The repayment, completed this Monday, was officially confirmed in a recent SEC filing.
By settling the remaining principal and interest, Riot has successfully released its collateral. This collateral previously consisted of a mix of Bitcoin, USDC, and cash held under the custody of Coinbase Custody Trust Company.
The company reported that no early termination fees or penalties were incurred during the prepayment process. This move significantly strengthens the miner's balance sheet and frees up its digital asset reserves.
#RiotPlatforms #BitcoinMining #Coinbase #CryptoNews
Bitcoin mining giant Riot Platforms has fully repaid a $200 million credit facility from Coinbase Credit. The repayment, completed this Monday, was officially confirmed in a recent SEC filing.
By settling the remaining principal and interest, Riot has successfully released its collateral. This collateral previously consisted of a mix of Bitcoin, USDC, and cash held under the custody of Coinbase Custody Trust Company.
The company reported that no early termination fees or penalties were incurred during the prepayment process. This move significantly strengthens the miner's balance sheet and frees up its digital asset reserves.
#RiotPlatforms #BitcoinMining #Coinbase #CryptoNews
🚨 Coinbase Vendor Breach Exposes Customer Contact Data
Major crypto exchange Coinbase confirmed that a security incident at its analytics vendor, Amplitude, has exposed the contact information of a small group of users. The exchange clarified that its internal systems remain secure and were not breached during this event.
The exposure reportedly affected a "small subset" of Coinbase customers alongside other clients of Amplitude. Coinbase Support stated on X that customer funds are completely safe and unaffected by the data leak.
This incident follows reports of other cyberattacks in the industry, including investigations into a potential breach at South Korean exchange Bithumb. Coinbase has not yet disclosed the exact number of users impacted by this specific vendor leak.
#Coinbase #Security #CryptoNews #DataBreach
Major crypto exchange Coinbase confirmed that a security incident at its analytics vendor, Amplitude, has exposed the contact information of a small group of users. The exchange clarified that its internal systems remain secure and were not breached during this event.
The exposure reportedly affected a "small subset" of Coinbase customers alongside other clients of Amplitude. Coinbase Support stated on X that customer funds are completely safe and unaffected by the data leak.
This incident follows reports of other cyberattacks in the industry, including investigations into a potential breach at South Korean exchange Bithumb. Coinbase has not yet disclosed the exact number of users impacted by this specific vendor leak.
#Coinbase #Security #CryptoNews #DataBreach
💰 Coinbase Returns to Profit with $719 Million Q3 Net Income
Coinbase has ended a two-quarter losing streak, reporting a net income of $719 million for the third quarter. While total revenue hit $1.22 billion, the profit was largely driven by $715 million in gains from crypto assets held on the company's own balance sheet.
Transaction revenue reached $590 million, beating analyst expectations despite low market volatility. A major highlight was Prediction Markets, which became one of the fastest-growing products in the exchange's history, reaching $200 million in annualized revenue.
The exchange also saw record growth in its USDC holdings, which hit $22 billion. Subscription and services revenue, led by stablecoins, now accounts for nearly half of the company's net revenue at $570 million.
#Coinbase #CryptoNews #Earnings #USDC
Coinbase has ended a two-quarter losing streak, reporting a net income of $719 million for the third quarter. While total revenue hit $1.22 billion, the profit was largely driven by $715 million in gains from crypto assets held on the company's own balance sheet.
Transaction revenue reached $590 million, beating analyst expectations despite low market volatility. A major highlight was Prediction Markets, which became one of the fastest-growing products in the exchange's history, reaching $200 million in annualized revenue.
The exchange also saw record growth in its USDC holdings, which hit $22 billion. Subscription and services revenue, led by stablecoins, now accounts for nearly half of the company's net revenue at $570 million.
#Coinbase #CryptoNews #Earnings #USDC