August 10: Coinbase's $1 billion loss, Tether and USDC back merge, Tornado trolling, Robinhood pays $10m to users

Update: 2022-08-10

Description

On today's CoinMarketRecap with Connor Sephton, Coinbase suffers a $1.1 billion loss — but says things are never as bad as they seem. Ethereum's move to a Proof-of-Stake blockchain gets a big boost as Tether and USD Coin announce they're supporting the merge. A Tornado Cash user trolls the U.S. government by sending small amounts of Ether to A-list celebrities. And Robinhood agrees to pay $9.9 million to users who are suing the company over repeated outages. You can follow us on Twitter — @ConnorSephton and @CoinMarketCap.

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Nov 19: XRP rallies, amateur rapper jailed — and a BIG memecoin warning

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Nov 18: CoinMarketRecap is back… with a new name!

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August 13 & 14: The merge, Celsius chaos, crypto hitmen, Mark Cuban, Andrew Tate — weekly news roundup

2022-08-1346:55

August 12: Vitalik's vision for Ethereum, merge date revealed, Binance recovers Curve funds

2022-08-1209:44

August 11: Bitcoin rallies, big Ethereum milestone, Celsius criticized, Mark Cuban sued, hitmen paid with crypto

2022-08-1112:32

August 10: Coinbase's $1 billion loss, Tether and USDC back merge, Tornado trolling, Robinhood pays $10m to users

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August 9: Tornado Cash sanctions, Zipmex withdrawals resume, celebs under pressure over NFTs

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August 8: Celsius and Voyager anger users, Hodlnaut freezes withdrawals, Andrew Tate criticized, NFTiffs sell out

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August 6 & 7: Michael Saylor, Craig Wright, Kim K, Nomad, Muse, landfills and CryptoPunks — weekly news roundup

2022-08-0638:00

August 5: BlackRock and Coinbase, Nomad bounty, Meta rolls out NFTs to 100 countries, Block BTC revenues plunge

2022-08-0505:13

August 4: Solana update, Nomad battles to recover stolen funds, Tinder dumps metaverse

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August 3: Big changes at MicroStrategy, two huge hacks, double blow for Robinhood, Kim K fights back

2022-08-0308:48

August 1 & 2: Craig Wright libel trial, Bitcoin in landfill, murder for hire, CryptoPunk jewelry… and will NFT top album chart?

2022-08-0210:36

July 30 & 31: Kraken allegations, Saylor attacks Ether, U.S. crypto taxes — weekly news roundup

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July 29: How does this bear market compare with past downturns… and is the worst over?

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July 28: Bitcoin rallies as Fed hikes rates, Saylor attacks Ethereum, Harmony backlash, Unstoppable unicorn

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July 27: Kraken feels the heat, Cathie Wood dumps Coinbase stock, cryptojacking on the rise

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00:00

August 10: Coinbase's $1 billion loss, Tether and USDC back merge, Tornado trolling, Robinhood pays $10m to users

#box-pro-ellipsis-173228529466283{-webkit-line-clamp:2;}August 10: Coinbase's $1 billion loss, Tether and USDC back merge, Tornado trolling, Robinhood pays $10m to users

August 10: Coinbase's $1 billion loss, Tether and USDC back merge, Tornado trolling, Robinhood pays $10m to users

August 10: Coinbase's $1 billion loss, Tether and USDC back merge, Tornado trolling, Robinhood pays $10m to users