A total of 100,000 Bitcoin (<a href="https://cryptoslate.com/coins/bitcoin/">BTC</a>) were withdrawn from <a href="https://cryptoslate.com/companies/coinbase/">Coinbase</a> in the past two days, marking the third-largest BTC withdrawal in Coinbase’s history.

After the FTX collapse, there should be constant chatter concerning proof-of-reserves and financial audits of the crypto trading platforms.

Coinbase, the largest US-based crypto exchange, has been <a href="https://twitter.com/Bitboy_Crypto/status/1595600627563958272">questioned</a> by some users like Ben Armstrong over the failure to distribute the Songbird airdrop tokens (SGB) to eligible <a href="https://timestabloid.com/tag/xrp-holders/" target="_blank">XRP holders</a>. Equally, a petition against the exchange has been launched for signing, regarding the Flare <a href="https://timestabloid.com/tag/songbird/">Songbird</a> airdrop.

Coinbase CEO Brian Armstrong quelled concerns about the state of his company’s Bitcoin holdings on Tuesday, following doubtful suggestions from rival exchange owner Changpeng Zhao (CZ).&nbsp;Twitter’s crypto community considered CZ's suggestive tweet to be both ignorant and uncalled for. For example, Messari founder Ryan Selkis <a href="https://twitter.com/twobitidiot/status/1595121452222906368" target="_blank">pointed out</a> that Coinbase already had audited financials proving it held roughly 2 million Bitcoin.&nbsp;

Coinbase has partnered with WooCommerce, enabling merchants to accept payments in BTC, DOGE, and other cryptos.

As per recent reports, crypto giant <a href="https://coingape.com/glossary/binance/">Binance</a> has now become the largest Bitcoin reserve holder for the first time ever. An “<a rel="nofollow" href="https://studio.glassnode.com/dashboards/btc-exchanges">exchange reserve</a>” is an indicator that indicates the total quantity of Bitcoin that is currently stored in the wallets of a centralized exchange.

A transaction preview feature lets users see how their assets balance will change before they sign.

In a recent Twitter thread pondering the need for transparency in the industry after the collapse of FTX, Grayscale attempted to calm its investors’ fears, assuring them that the regulations that apply to its various entities make an FTX-like scenario nearly impossible.

According to <a href="https://twitter.com/whale_alert/status/1594050267594756096">Whale Alert</a>, 34,999 ETH (42,319,112 USD) transferred from Coinbase to unknown wallet.

Brian Armstrong, the chief executive of the largest U.S. bitcoin, ethereum and crypto exchange Coinbase, has predicted looming crypto regulation will help the largest crypto companies over smaller rivals—calling the company "undervalued" after its brutal 80% stock price collapse.