Coinbase Partners with Multichoice’s Irdeto to Combat Cryptocurrency-Fueled Piracy

In a significant move to address the growing misuse of digital assets by cybercriminals, Irdeto, the cybersecurity division of African entertainment powerhouse Multichoice, has announced a partnership with leading cryptocurrency exchange Coinbase. Recent intelligence reports highlight a concerning trend, with cryptocurrency adoption among illicit service providers rising from 13% in 2022 to 19% in 2024. This collaboration aims to leverage Irdeto’s forensic expertise and Coinbase’s blockchain analytics to safeguard digital content ecosystems from piracy and fraud. The initiative underscores the increasing role of cryptocurrency in both legitimate and illicit activities, prompting industry leaders to take proactive measures. As of June 2025, this partnership marks a pivotal step in enhancing cybersecurity and ensuring the integrity of digital transactions in the entertainment sector.

Multichoice’s Irdeto and Coinbase Partner to Combat Cryptocurrency-Fueled Piracy

Irdeto, the cybersecurity arm of African entertainment giant Multichoice, has joined forces with Coinbase to tackle the rising misuse of digital assets by cybercriminals. Intelligence reports reveal cryptocurrency adoption among illicit service providers jumped from 13% to 19% between 2022 and 2024, signaling a growing threat to digital content ecosystems.

The collaboration leverages Irdeto’s forensic expertise in piracy investigations with Coinbase’s blockchain analytics capabilities. This marks another step in crypto exchanges’ efforts to legitimize the industry while addressing regulatory concerns about illicit flows.

312 Million Dogecoin Moved To Coinbase – What’s Going On?

Dogecoin’s price action over the past 48 hours has seen it breach the $0.20 support level, marking a significant downturn after a week of failed attempts to hold above $0.22. The breakdown triggered a cascade of sell-offs, exacerbating the bearish momentum.

On-chain data reveals a startling development: 312 million DOGE, valued at over $60 million, was transferred to Coinbase in three sequential transactions. Whale Alert tracked the movement of 104,125,016 Doge per transaction from unidentified wallets, sparking speculation about potential large-scale liquidation or strategic repositioning.

The timing of these transfers aligns with Dogecoin’s technical breakdown, suggesting institutional players or whales may be accelerating the sell pressure. Market sentiment now hinges on whether this inflow represents a distribution phase or preparatory moves for derivative market activity.