News

Coinbase Sued Over Unclaimed Email-Sent Bitcoins

The US-based wallet provider is facing a class-action lawsuit over the destiny and use of unclaimed cryptocurrency sent via email. The news was known this afternoon.
The suitors, Timothy G. Faasse and Jeffrey Hansen, supposedly received some bitcoin via email in 2013, when cryptocurrencies were not so popular like they are today. Those emails were dismissed and treated as spam, and the bitcoin supposedly returned to the giver’s hands. The suit is based on the premise that Coinbase never returned the amount of bitcoin given to them.
They declare that this could have happened to thousands of donors since 2013. They are demanding not only the reimburse of the bitcoin, but also the reimburse of all the bitcoin lost over hard forks across the time that this happened.
This mode of receiving crypto via email was implemented by Coinbase at the time to increase its userbase, because the only way of receiving the funds was getting a Coinbase wallet. We will see if the funds truly were reimbursed or just taken by Coinbase as the suit claims. The claim can be found here.

Related posts
cryptocurrencyCryptocurrency NewsNewsPayPalstablecoins

PayPal Is Reportedly Exploring Issuing A Stablecoin

Last fall, the world’s largest payments processor PayPal partnered with Paxos to allow users to buy, hold and sell bitcoin, ethereum, litecoin, and bitcoin cash — and the demand for its crypto service has so far exceeded the company’s expectations. …
BitcoinBitcoin NewsbtcusdBTCUSDCBTCUSDTCoinbaseEthereum NewsETHUSDethusdtNewsxbtusd

World’s Leading Auction House Sotheby Now Accepts Bitcoin And Ethereum For Payments Via Partnership With Coinbase

One of the world’s most respected auction houses, Sotheby, is now accepting two leading cryptocurrencies as a form of payment. Sotheby Will Let You Pay For Artwork Using Bitcoin, Ethereum An increasing number of companies have started to accept digital…
cryptocurrencyDOGEdogecoinDOGEUSDMarketsNews

Dogecoin Soaring Demand Earns eToro Listing As Price Skyrockets To New All-Time High

The price of Dogecoin has clocked a new all-time high after news that Israeli multi-asset brokerage firm eToro has added DOGE to the list of tokens it offers retail investors via its trading platform. Announced on Monday, the move marks…