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Zcash founder criticizes Coinbase for pushing gambling-like features to vulnerable users

Market News
28 Jun 2026
UToday
View Source
Bearish
pluang ai news

Zcash founder Zooko Wilcox-O'Hearn publicly condemned Coinbase for promoting gambling-like features, such as betting on sports and Bitcoin prices, to vulnerable and unsophisticated users. Coinbase CEO Brian Armstrong defended the platform's approach on grounds of personal freedom but acknowledged the need to adjust promotional tactics to avoid aggressively targeting high-risk products to inexperienced users. Armstrong proposed improvements like AI-driven financial literacy tools and user preference settings to better protect users. The debate highlights ongoing ethical concerns about user protection in crypto platforms.

More News

TRON hits record 3.93M daily active addresses, surpassing Solana and Ethereum.

TRON hits record 3.93M daily active addresses, surpassing Solana and Ethereum.

TRON has reached a new milestone with 3.93 million daily active addresses, setting an all-time high. This surge indicates growing user engagement on the TRON network, outpacing competitors like Solana and Ethereum in daily activity. The increase high...

Market News
Neutral
4 hours ago
Ripple's stablecoin RLUSD increasingly replaces XRP as the cash leg in major institutional deals.

Ripple's stablecoin RLUSD increasingly replaces XRP as the cash leg in major institutional deals.

Ripple has achieved significant institutional milestones, including a five-second tokenized Treasury settlement with JPMorgan and Mastercard, and expanded stablecoin use across Latin America. However, these deals use RLUSD, Ripple's dollar-pegged sta...

Market News
Neutral
4 hours ago
Over $8M of stolen funds from Kelp DAO and Humanity Protocol hacks have been laundered together.

Over $8M of stolen funds from Kelp DAO and Humanity Protocol hacks have been laundered together.

Recent investigations reveal that stolen funds from the 2026 Kelp DAO and Humanity Protocol exploits were mixed through the same wallet, linking the attackers. The Humanity Protocol attacker moved 15,403 ETH (worth $23.6 million) to a new Ethereum ad...

Market News
Bearish
4 hours ago
Shibarium activity stalls as Shiba Inu awaits new catalyst amid market slowdown

Shibarium activity stalls as Shiba Inu awaits new catalyst amid market slowdown

Shibarium, the layer 2 network of Shiba Inu, has seen a sharp decline in daily transactions since peaking on June 17, indicating a slowdown in ecosystem activity. Despite this, the number of Shiba Inu holders is quietly increasing, suggesting sustain...

Protocol Fundamentals
Neutral
4 hours ago
Bitcoin's drop linked to MicroStrategy's financial stress and macro pressures, warns Galaxy Digital CEO.

Bitcoin's drop linked to MicroStrategy's financial stress and macro pressures, warns Galaxy Digital CEO.

Galaxy Digital CEO Mike Novogratz attributes Bitcoin's recent price decline to financial stress at MicroStrategy, the largest public corporate Bitcoin holder. Concerns over MicroStrategy's capital structure, especially its preferred stock (STRC) trad...

Market News
Bearish
4 hours ago
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