Coinbase warns customers about subpoena in apparent CFTC Bybit probe

Coinbase is warning that it has received a subpoena from the United States Commodity Futures Trading Commission (CFTC), according to X (formerly Twitter) users who have posted copies of the message. The CFTC is seeking information about the Bybit cryptocurrency exchange.Recipients have spe ...

Coinbase shares hit 18-month high after Binance charges

Crypto exchange Coinbase (COIN) shares have hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and sanctions violations in the United States.On Nov. 27, Coinbase closed at $119.77, its highest since May 5, 2022, when it cl ...

Coinbase cites SEC action against Kraken in push for crypto rulemaking

United States-based cryptocurrency exchange Coinbase has renewed its call to compel the Securities and Exchange Commission (SEC) to respond to the company’s petition to create rules on crypto, using the regulator’s recent enforcement action against Kraken to back up its claims. ...

Binance charges prove ‘following the rules’ was the right decision: Coinbase CEO

Brian Armstrong, CEO of crypto exchange Coinbase, thinks that his company made the right decision to comply with U.S. money transmitter licensing laws.In a Nov. 21 social media post, Armstrong weighed in on the news that rival exchange Binance is pleading guilty to criminal charges, statin ...

Blockchain Association files support in suit to lift Tornado Cash sanctions

The Blockchain Association has thrown fresh support behind six plaintiffs suing the United States Treasury Office of Foreign Assets Control (OFAC) over its sanctions on the crypto mixer Tornado Cash.In a Nov. 20 amicus curiae brief to a U.S. appellate court, the crypto advocacy group argue ...

Crypto lobby spending in U.S. set to beat 2022 record: Report

With more than a month left before the end of 2023, the United States crypto industry has already spent $20 million on lobbying efforts. In the last year, the total sum stood at $22.2 million. According to the CoinGecko report, published on Nov. 14, the U.S. crypto lobby has spent $20 ...

Proof of Stake Alliance updates recommendations for staking providers

The Proof of Stake Alliance (POSA), a non-profit organization that represents firms in the crypto staking industry, published an updated version of its “staking principles” on Nov. 9. The new principles are supported by Ava Labs, Alluvial, Coinbase, Lido Protocol, Paradigm, and ten other staking ...

Coinbase beefs up its global advisory council with four national security experts

Coinbase has expanded its Global Advisory Council with four national security experts, it announced on Nov. 7. The new members will help the cryptocurrency exchange assess the impact of regulatory uncertainty in the United States, it said.The Coinbase council will take on a decidedly more ...

Kazakhstan’s authorities confirm they blocked access to Coinbase: Report

The Ministry of Culture and Information of Kazakhstan has officially confirmed they have blocked the Coinbase website in the country. The authorities of Kazakhstan have been blocking local IPs' access to Coinbase since September at least.  According to a Nov. 7 report from a loca ...

Coinbase user agreement dispute reaches US Supreme Court

The United States Supreme Court has taken up a legal dispute concerning Coinbase and its users, specifically addressing a significant procedural matter on whether a judge or an arbitrator should decide which contract governs disputes.According to a report from Bloomberg, this issue stems f ...

Coinbase narrows loss while crypto trading volumes fall in Q3

Cryptocurrency exchange Coinbase narrowed its net loss to $2 million in the third quarter, as notched a year-on-year increase in revenue despite lower trading volumes. The firm’s net loss in Q3 was trimmed from a $545 million net loss in the prior year period, according to a Nov. 2 e ...

Coinbase launches regulated crypto futures services for US retail traders

Coinbase Advanced allows retail traders in the United States access to regulated crypto futures contracts four months after Coinbase Financial Markets (CFM) secured approval to operate a Futures Commission Merchant (FCM) entity.On Aug. 17, CFM secured regulatory approval from the National ...

FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight

The crypto wallets linked to now-defunct crypto exchange FTX and its sister trading firm Alameda Research have sent over $13 million in different altcoins to numerous crypto exchanges early on Nov. 1.According to data from on-chain analysis firm Spotonchain, the FTX wallet first transferre ...

GAO finds controversial SEC guidance is subject to congressional oversight

United States Senator Cynthia Lummis has scored another one for crypto with a Government Accountability Office (GAO) decision issued on Oct. 31. The GAO found that Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 should be subject to congressional review. That bulletin, issu ...

FTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hours

Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the ...

Coinbase disputes SEC’s crypto authority in final bid to toss regulator’s suit

The United States Securities and Exchange Commission overstepped its authority when it classified Coinbase-listed cryptocurrencies as securities, the exchange has argued in its final bid to dismiss a lawsuit by the securities regulator.In an Oct. 24 filing in a New York District Court, Coi ...

Base network launches 8-week training course for blockchain developers

On October 20, the team behind Ethereum layer-2 Base network announced that it's launching an eight-week training course to turn traditional software developers into blockchain developers. Called “Base Bootcamp,” the new program doesn't cost anything to attend. However, it's designed ...

Coinbase open sources code for layer-2 network Base

Coinbase layer-2 network Base has announced it has open-sourced its code repositories and smart contracts to increase transparency and accountability while simultaneously allowing public contributions to the project. In an Oct. 19 blog post, Base announced that as of today, developers ...

Coinbase lobbying efforts face setback from Hamas’ crypto use: Berenberg analysts

The use of cryptocurrency by Hamas militants to fund recent attacks on Israel may have set back Coinbase’s crypto lobbying efforts in the United States, says a new investment report from Berenberg Capital Markets. In an Oct. 18 research note, Berenberg lead analyst Mark Palmer said th ...

Coinbase suspends 80 non-USD trading pairs to improve liquidity

The United States-based cryptocurrency exchange Coinbase is removing dozens of trading pairs in order to improve liquidity on its platform.Coinbase has suspended 80 non-USD trading pairs, including those with cryptocurrencies like Bitcoin (BTC), stablecoins like Tether (USDT) and fiat curr ...

Ethereum co-founder Vitalik Buterin sends $15M of USDC to Gemini

Blockchain sleuths have zeroed in on a recent transaction from a wallet associated with Ethereum co-founder Vitalik Buterin, where he transferred $14.9 million worth of USD Coin (USDC) to the cryptocurrency exchange Gemini.According to an Oct. 17 post from blockchain analytics firm PeckShi ...

SBF and Caroline Ellison conspired to keep Bitcoin under $20K, but did it work?

On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX's co-founder and CEO, Sam "SBF" Bankman-Fried, to sell Bitcoin (BTC) if its price remained above $20,000. This admission came as a shock to ...

Coinbase’s Trading Volume Sinks to New Lows Amid ‘Crypto Winter

Coinbase (NASDAQ: COIN) has experienced a significant decline in trading volume year-to-date (YTD), primarily due to the ongoing "crypto winter" and regulatory pressures on cryptocurrency exchanges. In the third quarter of 2023, Coinbase recorded $76 billion in spot trading volume, a 47% decrease fr ...

NASAA Supports SEC in Coinbase Lawsuit, Defends Applying Securities Laws to Digital Assets Deaths Toll Rise

Bitcoin's price has been trending lower, currently trading below the $27,500 pivot level. The downward movement may be attributed to rising tensions in the Israel-Hamas conflict. The situation has escalated, with over 1,200 reported deaths on the Israeli side. Bitcoin is facing resistance near th ...

NASAA Supports SEC in Coinbase Lawsuit, Defends Applying Securities Laws to Digital Assets

The North American Securities Administrators Association (NASAA) has filed an amicus curiae in support of the U.S. Securities and Exchange Commission (SEC) in its lawsuit against Coinbase. The NASAA argued that digital assets should not be treated as "somehow special" and that the SEC's actions agai ...

Coinbase Secures Major Payment Institution License in Singapore for Crypto Services Expansion

Coinbase, the U.S.-based cryptocurrency exchange, has received a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This significant regulatory approval allows Coinbase to expand its digital payment token services to individuals and institutions in Singapore. The ...

Mixin Network Faces Largest Hack of 2023, Offers $20 Million Reward to Recover Stolen Funds

Coinbase International Exchange, holding a class F license from the Bermuda Monetary Authority (BMA), has announced that it has obtained additional regulatory approval to offer perpetual futures trading to non-US retail customers. Coinbase International had previously launched crypto derivatives ...

Cryptocurrency Job Opportunities Are Thriving Globally

Cryptocurrency-related job opportunities are on the rise, with significant roles available in various countries and industries. Prominent cryptocurrency exchanges like Coinbase and Binance host about half of all crypto jobs, with software engineers at these exchanges potentially earning up to $90 ...

Coinbase Receives AML Registration from Bank of Spain, Expands in Europe

Cryptocurrency exchange Coinbase has taken a significant step in its European expansion by securing Anti-Money Laundering (AML) compliance registration from Spain's central bank. This development, announced on September 22, enables users in Spain to have greater control over their crypto assets. The ...

Coinbase Explores ‘Flatcoins’ as the Future of Stablecoins, Says CEO Brian Armstrong

Coinbase, one of the leading cryptocurrency exchanges, is exploring the concept of "flatcoins," which its CEO, Brian Armstrong, believes could be the next evolution of stablecoins. In a recent interview with Yahoo Finance, Armstrong shared his thoughts on flatcoins, stating that they are "the next i ...

Coinbase Announces Exit from India: Urges Users to Secure Funds Before September 25 Deadline

Coinbase's Exit Strategy: Indian Users Urged to Secure Their Funds Before September 25! Coinbase, the USA's largest cryptocurrency exchange, known for its rigorous regulatory compliance, has dropped a bombshell on its international operations, specifically in India. The bombshell came in the f ...

Crypto Biz: Coinbase’s lending bet, a new ads policy at Google and Marathon’s mining performance

Crypto giant Coinbase seems to be strategically steering its ship amid constant crypto industry turbulence in 2023. The company recently unveiled its lending platform for institutional investors, aiming to fill the void left behind by major players during 2022’s crypto winter, when firms su ...

Coinbase Advanced’s Moheeth Alvi sees pro traders as next wave of crypto users

Moheeth Alvi, group product manager at Coinbase Advanced, joins Cointelegraph’s Hashing It Out podcast with host Elisha Owusu Akyaw for an in-depth discussion about pro traders in the cryptocurrency space. The podcast starts by highlighting Coinbase’s eventful year so far, from new pr ...

Coinbase Targets Global Expansion in Crypto-Friendly Markets

Coinbase has set its sights on several international markets outside the United States, citing their clearer cryptocurrency regulations as a driving factor. In a September 6 blog post, Coinbase's Vice President of International Business, Nana Murugesan, and Vice President of International Policy, To ...

Coinbase signals EU, Canada, Brazil, Singapore and Australia as priorities

Coinbase has flagged several countries outside the United States where it intends to focus its operations in the near term, citing their comparatively clearer crypto laws.In a Sep. 6 blog post, Coinbase’s international business VP, Nana Murugesan and international policy VP, Tom Duff ...

Base’s ‘Onchain Summer’ saw over 700K NFTs minted from 268K users in August

Base network’s “Onchain Summer” promotion in August resulted in over 700,000 non-fungible tokens (NFTs) minted by over 268,000 unique wallets, according to a Sept. 6 announcement from the team.Coinbase launched Base, its Ethereum layer-2, on Aug. 9. To spur adoption, the network’s team imp ...

Coinbase launches crypto lending platform for US institutions

Cryptocurrency exchange Coinbase has rolled out a crypto lending service for institutional investors in the United States, reportedly aiming to capitalize on massive failures in the crypto lending market.Coinbase has quietly launched an institutional-grade crypto lending platform, Coinbase ...

Base suffers first major outage since launch

Coinbase's Ethereum layer-2 network Base has suffer its first major outage since its public launch on Aug. 9. For approximately 45 minutes on Sept. 5, no new blocks were produced on the Base chain. Its developers first identified the "stalled" block production at 9:36 pm UTC, according to ...

Ethereum price risks losing the $1.6K support as multiple ETH price metrics decline

Ether (ETH) price surged by 31.3% from March 10 to March 18, coinciding with the U.S. Federal Reserve's injection of $300 billion to address the insolvency of Silicon Valley Bank.. Since then, Ether’s price consistently maintained a daily closing price above $1,600. However, investors ...

USD Coin officially expands to Base and Optimism networks

Circle’s USD Coin (USDC) has launched natively on both Base and Optimism networks, allowing Circle account holders to send USDC stablecoin from their accounts to Base or Optimism. Coinbase has also made USDC transfers to Base available, according to a Sept. 5 social media post. Circle claim ...

Coinbase to upsize debt repurchase by $30M

Cryptocurrency exchange has upsized its debt buyback offer from $150 million to $180 million.According to the Sept. 5 announcement, Coinbase will commit a total of $180 million to buying back its 3.625% Senior Notes due 2031. The offer will lapse on Sept. 18 at 11:59 pm Easten Time.  ...

Coinbase vs SEC: New attorney Patrick V. Kennedy joins fight

The crypto community, digital asset organizations and lawmakers have voiced their backing for the Coinbase vs. United States Securities Exchange Commission lawsuit's dismissal. In a recent update, a fresh attorney, Patrick V. Kennedy, has entered the fray, seeking court approval to represent the ...

Coinbase CEO reveals top 10 crypto ideas he’s urging devs to work on

Coinbase CEO Brian Armstrong has unveiled the ten ideas he is most excited about when it comes to crypto's future, sharing hopes that developers can use the bear market to take them to the next level.On Aug. 30, the Coinbase boss shared his vision of a crypto future in a company blog post& ...

Vivek Ramaswamy: Grayscale win ‘clears a path’ for Bitcoin innovation

United States presidential candidate Vivek Ramaswamy has lauded Grayscale’s recent victory over the federal securities regulator, arguing the decision will help keep Bitcoin and blockchain innovation from going overseas. In an Aug. 30 post on X (formerly Twitter) the pro-Bitcoin Repu ...

Coinbase stock surges after favorable federal ruling for Grayscale

Coinbase's stock experienced a significant surge on Aug. 29 after reports emerged that a federal judge had ruled in favor of Grayscale in their SEC legal dispute.In the final moments of the trading session on Tuesday, Aug.29, the value of COIN stood at $85.13 per share, marking an increase ...

USDC will launch natively on Base network ‘next week’ — Jeremy Allaire

Circle’s United States dollar stablecoin, USDC, will launch natively on the Base network “next week,” according to an Aug. 29 social media post from CEO Jeremy Allaire. The new version will replace the current US Dollar Base Coin (USDbC) that most users rely on as a substitute. ...

Analyzing Bitcoin’s Correlation with Various Asset Types

The financial media often points out Bitcoin’s (BTC) correlation to Big Tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC’s often acute inverse relationship with the United States dollar. But are these correlations set in stone, and can they help predict future pric ...

Circle and Coinbase Collaborate to Transform USDC Stablecoin Governance

Circle CEO Jeremy Allaire and Coinbase CEO Brian Armstrong have issued a joint statement to change the USDC stablecoin governance scheme. As part of the new agreement, Coinbase is acquiring a stake in Circle, which in turn will take over the issuance and management of USDC. The Center consorti ...

Friend.tech Disputes ‘Leaked’ Data Claims, Clarifies Source of Information

The team behind the viral decentralized social media platform Friend.tech has refuted a report that claimed that the personal information of more than 100,000 of its users was “leaked.” The now-amended report, first posted by The Block, suggested that data posted by Banteg, a pseudonymous develop ...

Cryptocurrency News: Coinbase’s Futures Approval, Ether ETFs, Ripple Case Appeal, Singapore’s Stablecoin Regulations, and AI Legislation

Cryptocurrency exchange Coinbase has received approval from the United States National Futures Association to offer investments in crypto futures to eligible customers. The approval enables Coinbase to introduce Bitcoin (BTC) and Ether (ETH) futures contracts through its Commodity Futures Trading ...

Coinbase Suspends Trading of USDT, DAI, and RAI in Canada

The exchange cited the regulatory climate as the reason. USDT and algorithmic stablecoins fall under a ban in Canada from 2021-2022. Cryptocurrency exchange Coinbase said it will suspend trading of USDT, DAI and RAI in Canada. This was reported by Cointelegraph, ...

RocketSwap Decentralized Exchange Hacked: Loss of 471 ETH and Emergence of LoveRCKT Token

The decentralized exchange RocketSwap, created on the basis of the Base layer network, was hacked and lost 471 ETH. The hacker who hacked into the exchange created a meme token called LoveRCKT. Cybersecurity experts PeckShieldAlert reported that the attacker managed to ...

Coinbase VP says Canada can be a ‘global leader’ in crypto

Cryptocurrency exchange Coinbase announced an expansion of its services offered to Canadian users on Aug. 14 through a partnership with local financial services company Peoples Trust Company. Coinbase integrated the option for 100% of its users to deposit and withdraw money from their ...

Nifty News: Coca-Cola gest Based, Reddit avatars reach 20M milestone and more

The world’s largest soft drinks brand is delving deeper into the realm of non-fungible tokens, launching its first collection on the Coinbase layer-2 network Base.On Aug. 13 Coinbase announced the new Coca-Cola collection as part of its “Onchain Summer” event.&ldqu ...

Coinbase app is ‘broken’ for UX, admits CEO Brian Armstrong

Coinbase CEO Brian Armstrong says the rise of on-chain activities on its new layer-2 network Base has exposed how “broken” the Coinbase app is for user experience, and has pledged to improve it. In an X (Twitter) post on Aug. 13, Armstrong said a number of pain points have ...

Legal scholars file amicus brief in support of Coinbase

A group of six legal scholars specializing in securities law and related fields submitted an amicus brief in favor of crypto exchange Coinbase in its ongoing legal battle against the United States Securities and Exchange Commission (SEC).An amicus brief is a document filed in court by ...

Senator Lummis files Amicus Brief supporting Coinbase’s dismissal motion against SEC

Crypto-friendly Senator Cynthia Lummis has filed an Amicus Brief supporting Coinbase’s motion to dismiss the U.S. Securities and Exchange Commission's lawsuit against the firm. An Amicus Brief is a document filed in court by a party that is not directly involved with the related case ...

Crypto Biz: PayPal’s stablecoin goes live, Bitstamp seeks capital, and Coinbase’s L2

In a move that can reshape the digital payments landscape, financial technology giant PayPal has unveiled its United States dollar-pegged stablecoin PayPal USD (PYUSD). In line with expectations, the launch has ignited a complex debate within the crypto community.Ethereum&rsquo ...

Coinbase layer-2 network Base hits 136,000 daily active users

Daily active users on Coinbase's layer 2 blockchain have exceeded 100,000 for the first time, just the day following the official launch of the network.Dune Analytics figures from Aug. 10 show over 136,000 daily users, the highest daily number in its short history, which also coincides wit ...

Fireblocks discloses massive vulnerability affecting crypto wallets

Over 15 widely-used crypto wallet providers and projects have gaping vulnerabilities that could potentially see millions of crypto wallets drained, according to digital asset infrastructure firm Fireblocks.In an Aug. 9 press release, Fireblocks said the series of vulnerabilities, dubbed Bi ...

Base network has officially launched: Here’s how it can be used

Coinbase’s Base network has officially launched after spending a few weeks in an “open for builders only” phase. The network is now ready to onboard users, according to an Aug. 9 announcement from the team.Several Web3 development teams have simultaneously announced that ...

Coinbase celebrates art, music and gaming with a three-week blockchain event

Presented by Coinbase, the Onchain Summer festival will bring the community together for three weeks in August to build, socialize, play and celebrate innovation.The inclusive nature and global reach of cryptocurrencies and blockchain technology have given rise to a diverse communit ...

Coinbase begins $150M debt buyback at 36% discount

Cryptocurrency exchange Coinbase will begin buying back up to $150 million of its 2031 senior notes for 64.5 cents on the dollar, a discount of 35.5%.According to the Aug. 7 announcement, the tender offer will last until Sept. 1, with an early premium of three cents on the dollar on top of ...

Binance sold USDC for another stablecoin — Coinbase CEO

Coinbase CEO Brian Armstrong’s comments to a question about the USD Coin (USDC) stablecoin during the company’s second-quarter earning calls raised some eyebrows. While commenting on the market cap of USDC, Armstrong quipped that Binance moved some of its funds from USDC i ...

Coinbase CEO says leaving US ‘not even in the realm of possibility right now’: Report

Brian Armstrong, chief executive officer at Coinbase, has reportedly waffled about whether the cryptocurrency exchange plans to leave the United States amid regulatory uncertainty.According to an Aug. 4 report from the Financial Times, Armstrong said Coinbase was “staying in the Unit ...

Coinbase earnings show the company is now much more than just an exchange

Coinbase, a leading U.S. cryptocurrency exchange, shared its second-quarter results on Aug. 3. Despite showing a net loss, some positives emerged, like a 13% cut in operating expenses from the last quarter and a 3% boost in its cash reserves to $5.5 billion. Coinbase key financial metric ...

‘The SEC has violated due process’ — Coinbase CLO on motion to dismiss lawsuit

United States-based cryptocurrency exchange Coinbase has filed a motion to dismiss a lawsuit brought by the Securities and Exchange Commission in June.In an Aug. 4 filing with the U.S. District Court for the Southern District of New York, lawyers for Coinbase filed a motion for judgment, c ...

Coinbase to file order seeking dismissal of SEC lawsuit

Coinbase plans to file an order seeking dismissal of the lawsuit by the Securities and Exchange Commission on Aug. 4, with the crypto exchange’s legal chief saying it expects to win the case.On its Aug. 3 second-quarter 2023 earnings call, Coinbase Chief Legal Officer Paul Grewal exp ...

Coinbase Q2 beats estimates amid Blackrock custody deal, institutional focus

Crypto exchange Coinbase reported $663 million in net revenue for the second quarter of 2023, boosted by its custody deal with Blackrock and institutional focus, despite recent action taken against it by regulators.Net revenue was down 10% compared to Q2 2022 but beat estimates, attributed ...

Base launches mainnet bridge UI for end-users, sets Aug. 9 for official launch

Coinbase’s Base network has released a user interface (UI) for its official bridge, allowing end-users to onboard for the first time without relying on developer tools, according to an Aug. 3 announcement. The team has set Aug. 9 as Base’s “official” release date. They wil ...

Bitcoin investor sentiment slumps to a new low, even as macro and equities show improvement

Bitcoin (BTC) surpassed the $30,000 resistance on June 21, or 40 days ago, after a notable 19.5% gain in a week. Since then, it has been moving within a range filled with occasional moderate corrections and BTC price trades near $29,300. While these consolidation periods are common in traditional ...

US defense bill may be ‘problematic’ for USDC and stablecoins: Analysts

Circle’s USD Coin (USDC) and other stablecoins could potentially face a compliance nightmare if a new national defense bill that passed in the United States Senate makes it all the way.In a July 31 investment note seen by Cointelegraph, Berenberg analyst Mark Palmer explained that a recent ...

Is SBF secretly behind BALD? Crypto Twitter debates latest conspiracy

Crypto Twitter has been abuzz with debate after a new conspiracy theory has suggested FTX founder Sam Bankman-Fried may be secretly behind one of the most controversial new memecoins on Base.The BALD memecoin, which draws its namesake from a humorous reference to Coinbase CEO Brian Armstro ...

Coinbase CEO says SEC told it to delist everything but Bitcoin: Report

Crypto exchange Coinbase was once told by the United State securities regulator to delist all cryptocurrencies on its platform except for Bitcoin (BTC), according to CEO Brian Armstrong.In a July 31 interview with the Financial Times, Armstrong revealed that the U.S. Securities and Exchang ...

Memecoin mania hits Base: Obscure tokens skyrocket amid rug pulls and FOMO

Memecoin madness has arrived on Coinbase’s Ethereum layer-2 scaling solution Base, bringing with it everything from remarkable shitcoin surges to classic token rug pulls.On July 30, memecoin traders were snapping up a suite of questionable tokens on Base, with one Brian Armstrong-the ...

SEC adopts cyberattack disclosure rules, listed crypto firms included

Public companies in the United States, including listed crypto firms, will be required to disclose any major cybersecurity incidents within a four-day time limit, under new rules adopted by the United States securities regulator.The rules from the United States Securities and Exc ...

Grayscale urges SEC to approve all Bitcoin ETFs simultaneously

Crypto fund manager Grayscale is urging the Securities and Exchange Commission to approve all proposed spot Bitcoin (BTC) exchange-traded funds (ETFs) at the same time to avoid one having an advantage.A July 27 post by Grayscale Chief Legal Officer Craig Salm said its legal team submitted ...

KuCoin denies mass layoffs, says cuts are part of normal operations

Cryptocurrency exchange KuCoin has shut down rumors suggesting it was preparing to lay off 30% of its workforce — a figure that amounts to approximately 300 staff — in the coming weeks. “We want to clarify that KuCoin has not initiated any alleged layoff plans,” a K ...

Ripple ruling and crypto ETFs ‘drove a lot of urgency’ among lawmakers, reportedly says Coinbase CEO

Coinbase CEO Brian Armstrong has reportedly said United States lawmakers have a renewed focus on regulatory clarity in the crypto space following talks with key officials.According to a July 24 Axios report, Armstrong met with U.S. lawmakers on July 20 ahead of discussions and votes on pie ...

Coinbase vs SEC court dates confirmed for initial case arguments

The latest development in the United States Securities and Exchange Commission’s lawsuit against cryptocurrency exchange Coinbase comes as a date is confirmed for the two parties to voice their initial arguments. On July 24, Coinbase’s chief legal officer, Paul Grewal,&nbs ...

Stablecoin dominance slides as market cap falls to near 2-year lows: CCData

The market capitalization of stablecoins has hit the lowest level since August 2021 coming on the back of 16 consecutive months of decline, a new report says.Cryptocurrency analytics platform CCData released a report on July 20 saying the stablecoin market cap fell 0.82% from the start of ...

Coinbase CEO will meet with US lawmakers to discuss crypto legislation: Report

Brian Armstrong, the CEO of United States-based cryptocurrency exchange Coinbase, is reportedly planning to meet with members of Congress to discuss digital asset legislation and related issues.According to a July 17 Bloomberg report, Armstrong has a scheduled meeting with the New Democrat ...

Cathie Wood bullish on Coinbase after Ripple court ruling

Cathie Wood, the founder and CEO of ARK Investment Management, said she remains bullish over Coinbase in light of Ripple’s partial victory over the Securities and Exchange Commission on July 13. While Wood noted the ruling wasn’t in outright favor of Ripple, she lauded the outcome as ...

US ‘dominates’ crypto startup funding in Q2: Report

Despite facing regulatory scrutiny in the United States, crypto firms continue to innovate, with nearly half of all capital investments flowing towards U.S. crypto businesses, according to a recent report.Published by crypto investment firm Galaxy Digital on July 14, the report stated that ...

ARK Invest sells more Coinbase shares, eyes Meta platforms, Robinhood

As Coinbase stock reaches a 52-week high, ARK Invest — the investment management firm led by Bitcoin (BTC) bull Cathie Wood — has recently sold more of its shares in the crypto exchange.Following ARK Invest’s significant acquisition of Coinbase shares during the bear market, ...

Allowing Coinbase to go public was not a ‘blessing’ of the business: SEC

The U.S. Securities and Exchange Commission (SEC) has argued in court that approving a firm's S-1 application to go public, does not represent a “blessing” from the agency, nor provide a verification that the business is regulatory compliant. ...

It’s time for the SEC to settle with Coinbase and Ripple

In every major litigation, there comes a moment when you realize it’s time to settle. A ruling doesn’t go your way, a juror gives your legal team the side eye, the judge makes it clear it’s time for a settlement conference. After Judge Analisa Torres’ decision in SEC v. Ri ...

Coinbase pauses staking services in four US states following regulators’ orders

United States-based cryptocurrency exchange Coinbase has announced it will be temporarily stopping customers from staking additional assets in four states amid legal proceedings from local regulators.In a July 14 blog post, Coinbase said users in California, New Jersey, South Carolina, and ...

XRP ruling a ‘watershed moment’ but we’re not out of the woods yet — Lawyers

Ripple Labs’ split-decision victory against the United States securities regulator is being seen as a significant blow to the regulator’s “war on crypto,” however, crypto lawyers warn it isn't a definitive victory for the industry.In a landmark ruling on July 13, Ju ...

What to expect from the first Coinbase-SEC hearing

A pre-motion hearing set to take place on July 13 between the Securities and Exchange Commission (SEC) and crypto exchange Coinbase should provide a sense of the litigation tone and its potential impacts on the broader crypto industry, legal sources told Cointelegraph. Previously sche ...

Coinbase Wallet launches instant messaging feature with XMTP

Coinbase Wallet users can now send instant messages to each other using their Ethereum identities, according to a  July 12 blog post from Coinbase. The new feature relies on the Extensible Message Transport Protocol (XMTP), an instant messaging system that allows users to communicate using b ...

Cboe refiles 5 Bitcoin ETFs to include Coinbase surveillance agreements

Exchange operator Cboe Global Markets has amended five spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications to include a surveillance-sharing agreement (SSA) with Coinbase.On July 11, Cboe amended filings with the United States Securities and Exchange Commission (SEC) for the ETFs fr ...

Cryptocurrency versus the SEC: A fight for fair digital investing

Bitcoin, Coinbase, Binance and more are all fighting for their lives as the United States Securities and Exchange Commission does everything in its power to eradicate the current cryptocurrency system in the United States and replace it with one it deems more “fair” to the Amer ...

Coinbase was aware of securities law violations, the SEC claims in letter

According to a letter sent by the SEC on July 7 to a district judge, Coinbase had knowledge of the probability that federal securities laws would apply to its operations, openly informing its shareholders about the possibility of assets traded on its platform being classified as securities. ...

Coinbase domain name reportedly used by scammers in high-profile attacks

Update (July 7 at 9:33 PM UTC): This article has been updated to include Coinbase's response. Coinbase’s users have been turning to Twitter to report scams and phishing attacks involving the company’s services and applications in recent wee ...

Binance, Coinbase and Gemini staff are among the least happy, data suggests

Crypto exchanges including Gemini, Binance and Coinbase are home to some of the least happy employees in the industry, according to data derived from Glassdoor — though some argue the results may be skewed. A quadrant chart by tech recruitment firm TrueUp — understood to have collated data ...

Crypto’s Indiana Jones? Coinbase exec helps recover $322K worth of once-lost crypto

It’s not every day that one discovers they've suddenly become $322,000 richer — but for one lucky crypto investor, this is exactly what happened in the waning hours of July 5.In a recent Twitter thread, Conor Grogan, the head of product at Coinbase explained how he uncovered hu ...

Mark Cuban, John Reed Stark clash over the cause of FTX’s collapse

Billionaire entrepreneur Mark Cuban has again locked horns with former securities official John Reed Stark, this time over who was ultimately to blame for FTX’s collapse and the impact on creditors. During a heated back-and-forth exchange, Cuban argued had the United States Securitie ...

Crypto firms won’t leave US despite apparent hostility: Merkle Science CEO

Despite recent narratives suggesting differently, the United States won't be losing its allure as a crypto hub, according to the CEO of blockchain analytics firm Merkle Science.A swathe of hostile regulatory actions leveled at crypto firms in the United States in recent months has led ...

BlackRock spot Bitcoin ETF filing names Coinbase as ‘surveillance-sharing’ partner

The most recent filing involving asset manager BlackRock’s attempt to launch a spot Bitcoin exchange-traded fund (ETF) included a “surveillance-sharing agreement” with cryptocurrency exchange Coinbase.According to a June 29 filing with the United States Securities and Exc ...

EU finalizes Data Act with a kill switch for smart contracts: Law Decoded, June 27–July 3

European Union (EU) lawmakers have agreed to move ahead with the controversial European Data Act, which has previously drawn criticism from the crypto community. The act, aimed at encouraging greater use of data resources to train algorithms, would update the EU’s rules on smart contracts to incl ...

Here’s what happened in crypto today

Here’s what happened in crypto today. South Korea passes crypto bill to tackle unfair tradingThe South Korean government is taking steps to protect cryptocurrency investors from implosions like Do Kwon’s Terra ecosystem by passing a new crypto bill.Chairman K ...

Coinbase layer-2 network Base closes in on mainnet launch

Base, a new layer 2 application-focused protocol by Coinbase, has just one criterion left to fulfill before being ready for mainnet launch.On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both intern ...

Coinbase seeks dismissal of SEC suit, claims extraordinary abuse of process

In the ongoing legal battle between Coinbase and the United States Securities and Exchange Commission, the American cryptocurrency exchange has filed a motion to dismiss the SEC’s complaint.In a legal document filed on Thursday, June 29 with the U.S. District Court for the Southern D ...

Bitcoin bulls grill $31K as Fidelity ETF move fuels BTC price strength

Bitcoin (BTC) challenged $31,000 again after the June 27 Wall Street open as traders hoped for upside continuation.BTC/USD 1-hour chart. Source: TradingView$31,000 returns amid Fidelity Bitcoin ETF rumorData from Cointelegraph Markets Pro and TradingView showed BTC price action edging high ...

Coinbase Credit lends Hut 8 $50M to support Bitcoin treasury

The Canadian Bitcoin (BTC) mining company, Hut 8 Mining, has secured a credit facility from a subsidiary of the United States-based cryptocurrency exchange, Coinbase.Hut 8 officially announced on June 26 that it entered a $50 million credit agreement with Coinbase Credit. The credit facili ...

US Supreme Court halts Coinbase cases in its first crypto ruling

The United States Supreme Court decided in favor of cryptocurrency exchange Coinbase on June 23 in a partisan opinion that will halt court proceedings against the company in two California cases. Plaintiffs in the class-action lawsuits alleged Coinbase failed to provide proper relief ...

31% of young Aussies hold crypto despite being ‘risk averse’ — ASX survey

Despite seeing themselves as more “risk averse” than their older counterparts, nearly a third of all young Australian investors hold or have traded cryptocurrencies over the last year, a new study has found.In an Australian investor study from the Australian Securities Exchange ...

Why Cathie Wood is bullish on Coinbase stock and believes Bitcoin will reach $1 million

In an interview with Bloomberg, ARK Invest CEO and chief investment officer Cathie Wood recently discussed why her flagship fund, Ark Innovation (ARKK), is adding to its position in shares of Coinbase (COIN) after the Securities and Exchange Commission (SEC) sued Binance, one of Coinbase&rsq ...

Coinbase blasts SEC for ‘no straight answers’ following court order

Coinbase has slammed the United States securities regulator for failing to answer questions asked in the U.S. Court of Appeals as part of its ongoing legal battle with the regulator.In a June 17 letter filed in the Court, lawyers for the crypto exchange accosted the Securities Exchange Com ...

‘We had to change strategies,’ says SEC enforcement director on recent actions: Report

Gurbir Grewal, director of the United States Securities and Exchange Commission (SEC) division of enforcement, has reportedly said the entire crypto industry was “built around noncompliance,” leading to enforcement actions.According to a June 16 Reuters report, Grewal spoke at an event hos ...

Coinbase redeems $65M in convertible notes at 29% discount

According to a June 15 announcement, cryptocurrency exchange Coinbase has entered into an agreement for the redemption of $64.5 million in 0.50% Convertible Senior Notes due 2026. However, the company estimates it will only need $45.5 million in cash to consummate the agreement due to the notes’ ...

Hong Kong govt pressures banking giants to accept crypto clients: Report

The Hong Kong Monetary Authority (HKMA), which serves as the region's central bank and regulator, has reportedly put pressure on major banks including HSBC and Standard Chartered to accept crypto exchanges as clients.According to a June 15 report from the Financial Times, which cited three ...

Bitcoin dips below $25K for the first time in 3 months

The price of Bitcoin (BTC) has fallen below the $25,000 mark for the first time since March 17 following a hawkish Fed announcement amidanother turbulent week for the crypto industry. Within the span of 30 minutes on June 15, the price of Bitcoin fell 4% from $25,867 to $24,819 accord ...

Bitcoin ‘far larger’ than Binance or Coinbase, says Jan3 CEO: BTC Prague 2023

Amid the panic over lawsuits against major cryptocurrency exchanges, one Bitcoin (BTC) advocate argued that the BTC market is much bigger than the one tracked by exchanges.The total Bitcoin market is not limited to Binance, Coinbase or any other crypto exchange, Jan3 CEO Samson Mow told Co ...

SEC asks for more time to respond to Coinbase call for crypto clarity

The United States securities regulator has asked for four more months to provide a response to Coinbase’s request for crypto regulatory clarity.In a June 13 letter submitted to the U.S. Court of Appeals for the Third Circuit, the Securities and Exchange Commission said it needs an ad ...

SEC lawsuit sheds light on Coinbase’s management

The lawsuit brought by the United States Securities and Exchange Commission against Coinbase Global on June 6 is raising questions about the crypto exchange’s approach to managing the ongoing crypto crackdown.In a recent interview with Cointelegraph, venture capitalist Kevin O’Leary critic ...

A sideways Bitcoin price could lead to breakouts in ETH, XRP, LDO and RNDR

Altcoin prices crumbled after the United States Securities and Exchange Commission announced lawsuits against Binance and Coinbase at the start of the week. Apart from the action against the two biggest crypto exchanges, investors seem to be nervous because the SEC labeled 23 cryptocurrencies as ...

Hong Kong legislator invites Coinbase to the region despite SEC scrutiny

Touting its progressive stance on cryptocurrencies, a Hong Kong legislator has invited Coinbase and other crypto exchanges to establish operations in the region.Legislative Council member Johnny Ng took to Twitter to express support and assistance to “all global virtual asset tr ...

The US will find the ‘right outcome’ for crypto, eventually – Coinbase CEO

Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, is confident that the United States will achieve regulatory cryptocurrency, “even if it takes a while.” However, he believes this is the vital component to luring entrepreneurs back to the country.Armstrong sat down ...

Latam crypto holders flock to Bitget following Binance, Coinbase suits

Crypto exchange Bitget has seen a surge in new accounts in Latin America following lawsuits by United States regulators against major competitors Binance and Coinbase.As compared to daily averages, new users in the region increased by 43% from June 6 to 9, with Brazil and Argentina leading ...

SEC charges against Binance and Coinbase are terrible for DeFi

The allegations against Binance and Coinbase by the U.S. Securities and Exchange Commission have substantial ramifications for the decentralized finance (DeFi) ecosystem, and they are far from positive. DeFi has developed as a promising area within the crypto industry, aiming to disrupt establish ...

Robinhood will end support for 3 tokens named in SEC lawsuits

Cryptocurrency and stock trading app Robinhood announced it will be ending support for Cardano, Polygon and Solana — all tokens labeled as unregistered securities by the United States Securities and Exchange Commission (SEC) in its recent legal actions against crypto exchanges Binance ...

Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

After a period of relative calm, the United States Securities and Exchange Commission (SEC) kicked off its summer crypto crackdown by targeting two major exchanges, Binance and Coinbase.A total of 13 charges have been filed against Binance. One of the allegations in the suit claims that fu ...

DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The United States Securities and Exchange Commission’s (SEC) lawsuits against two leading centralized c ...

Binance VP of marketing: Crypto needs to ‘double down’ on community support

The crypto industry faced more scrutiny from regulators in the United States this past week, as the U.S. Securities and Exchange Commission served both Coinbase and Binance.US with lawsuits regarding their operations. Amid the accusations from regulatory officials, the members of the ...

Cathie Wood’s ARK loads up crypto bags, buys $19.9M Block shares

ARK Invest CEO Cathie Wood doesn’t appear to have been swayed by recent crypto regulatory action, after buying another $19.9 million shares of Block Inc. right after buying $21 million of shares in Coinbase.Wood’s latest buying spree comes despite the United States Securities C ...

Moody’s downgrades Coinbase, citing ‘uncertain magnitude’ of SEC charges

Credit ratings agency Moody’s has downgraded its rating of Coinbase from “stable” to “negative” following the SEC’s legal action against the crypto exchange for allegedly operating as an unregistered securities broker.In a June 8 statement, Moody’s ...

Bitcoin rebound falters amid SEC crackdown on exchanges, raising chance of a BTC price capitulation

Bitcoin’s price lost steam after a failed retest of the $27,400 resistance on June 6, signaling that investors became less confident after the recent regulatory actions by the United States Securities and Exchange Commission (SEC) against Binance and Coinbase. Both exchanges are b ...

Meet the judges that will preside over Coinbase and Binance’s SEC lawsuits

Court filings have revealed the names of the two United States District Court Judges that will preside over the Coinbase and Binance lawsuits brought against them by the U.S. Securities and Exchange Commission.The case of SEC v Coinbase will be heard by District Court Judge Jennifer H. Rea ...

Republican crypto bill a ‘10x improvement’ on all others: Messari CEO

Messari CEO Ryan Selkis has praised a newly proposed Republican crypto bill, commenting it is a “10x improvement” on all other crypto bills introduced to the United States Congress so far.The “Digital Asset Market Structure” (DAMS) bill, introduced on June 1, propos ...

Security or not, Ether looks poised to hold the $1.8K level based on 3 key metrics

Ether’s price retested $1,780 after the news of the United States Securities and Exchange Commission (SEC) suing cryptocurrency exchanges Binance and Coinbase, but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day ...

Binance and CZ sued by the SEC

In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the impact of the United States Securities and Exchange Commission lawsuit against the Binance exchange.Most likely, the U.S. population will be barred from using the international version of Binance, a ...

ARK Invest buys Coinbase shares the same day SEC serves lawsuit

The same day cryptocurrency exchange Coinbase was served with a lawsuit from the United States Securities and Exchange Commission, ARK Invest added more stock to its Coinbase holdings. According to investor notification from ARK Invest on June 6, the firm added approximately 419,324 s ...

Jack Dorsey courts controversy by claiming ETH is a security

Long-time Bitcoin (BTC) advocate Jack Dorsey has found himself in a Twitter war with several crypto industry pundits after he responded with “yes” to a question asking if Ether (ETH) was a security.The comment caught the attention of Udi Wertheimer, a Bitcoin Ordinals developer ...

SEC, Gensler-themed memecoins surge amid Binance and Coinbase lawsuits

A number of memecoins drawing their likeness from the United States Securities Exchange Commission (SEC) and its chair Gary Gensler have seen a sharp spike in price following the regulator's lawsuits against crypto exchanges Coinbase and Binance.One such token is Good Gensler (GENSLR) whic ...

SEC lawsuits squeeze net worths of Coinbase and Binance CEOs

The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United States securities regulator. Armstrong’s net worth was slashed by $289 million and Zhao’s by $1.33 billion within a span of 30 hours after the S ...

SEC crackdown on Binance and Coinbase surge DeFi trading volumes 444%

The median trading volume across the top three decentralized exchanges (DEX) jumped 444% in the past 48 hours as crypto investors reeled from the United States securities regulator's recent legal actions against cryptocurrency exchanges Coinbase and Binance.According to aggregated data fro ...

Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees

The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacting additional security features, according to an announcement from network developer OP Labs. The upgrade is part of a series of reforms the developer says will help ...

Bitcoin price bounces past $26K as Coinbase news fails to shake bulls

Bitcoin (BTC) recovered some of its lost ground after the June 6 Wall Street open despite new legal action from United States regulators.BTC/USD 1-day candle chart on Bitstamp. Source: TradingViewAnalyst sees Coinbase news marking BTC price lowData from Cointelegraph Markets Pro and ...

Coinbase stock plunges 20% on SEC lawsuit

The stock of cryptocurrency exchange Coinbase plunged more than 20% at the open on June 6. At the time of publication, shares have pared some losses and are currently trading at $50.14, compared to an intra-day low of $46.43. The company’s market capitalization currently stands at $13.7 bill ...

Breaking: Coinbase targeted by state security regulators concurrent to SEC lawsuit

According to a statement published by the Alabama Securities Commission on June 6, a multistate task force comprising state regulators from Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington and Wisconsin have issued a Show Cause Order against crypt ...

Coinbase, Robinhood, CFTC to testify in Congress over draft crypto bill

Coinbase, Robinhood, and representatives from the United States commodities regulator are set to testify before Congress on June 6 to discuss a newly proposed crypto bill. The trio will be sharing their firm's, or agency’s views on a proposed bill that could see certain crypto t ...

Coinbase Derivatives Exchange set to roll out BTC and ETH futures

As the cryptocurrency industry faces regulatory challenges in the United States, public crypto exchange Coinbase is moving forward with its futures contracts.On June 1, Coinbase revealed its plans to introduce Bitcoin (BTC) and Ether (ETH) futures contracts on June 5 through its Commodity ...

Coinbase CEO Warns U.S. Regulators: Negative Stance on Cryptocurrencies Benefits China

The CEO of major U.S. cryptocurrency exchange Coinbase Brian Armstrong believes that the negative stance of U.S. regulators on cryptocurrencies only plays into the hands of China and other countries. In an article for MarketWatch magazine, Brian Armstrong noted that the cry ...

New Hampshire District Court Affirms IRS’s Right to Obtain Personal Data from Coinbase

The New Hampshire District Court affirmed the U.S. Internal Revenue Service's (IRS) right to obtain users' personal data from cryptocurrency exchange Coinbase, overruling the objections of its client James Harper. U.S. District Court Judge Joseph Laplante dismissed a laws ...

Coinbase CEO Brian Armstrong Urges US to Embrace Cryptocurrency to Avoid Losing Global Currency Status

Brian Armstrong thinks the United States is in danger of missing its chance With that, the dollar will lose its status as a world currency He calls for developing the cryptocurrency segment, not limiting it On Tuesday, May 30, WarketWatch published an ...

Liquidity Shift: Ether Withdrawals Surge from U.S. Exchanges Amid Regulatory Pressure

It's Binance, Bitfinex, OKX, Coinbase and Kraken At the same time, ethers began to actively leave U.S. exchanges Experts believe other cryptocurrencies will soon begin to leave the U.S. According to a Kaiko report, 72% of ETH liquidity is concentrated ...

Delay in SEC Lawsuit Against Coinbase: Speculations and Ripple Lawsuit Influence

A former lawyer for the U.S. Securities and Exchange Commission (SEC) talked about possible reasons that could delay the regulator's filing a lawsuit against the U.S. cryptocurrency exchange Coinbase. Marc Fagel shared with subscribers speculation as to why the SEC has ye ...

Bitpanda Partners with Coinbase to Enable European Banks in Offering Cryptocurrency

European crypto investment platform Bitpanda has partnered with Coinbase exchange to help European banks offer cryptocurrency to their clients. According to BitPanda chief operating officer Lukas Enzersdorfer-Konrad, despite the crisis in cryptocurrency, banks still want ...

BitPanda and Coinbase Partnership Expands European Market Access

This will give the exchange access to the European market The deal is seen as another step by the company to explore outside destinations As rumors of a possible "move" of Coinbase grow louder Austrian cryptocurrency investment company BitPanda has si ...

Coinbase Launches ‘Crypto: Moving America Forward’ Campaign to Promote Cryptocurrency’s Vital Role in Global Finance

Cryptocurrency exchange Coinbase announced the launch of the "Crypto: Moving America Forward" advertising and education campaign. Objective: to emphasize the importance of cryptocurrency as a technology. Coinbase intends to first f ...

Coinbase Countersues and Delists Trading Pairs Amid Legal Battle with SEC

Following a legal battle with the SEC and accusations of offering unregistered securities, cryptocurrency exchange Coinbase countersued and delisted seven trading pairs. Coinbase Exchange announced the removal of trading pairs ASM/USDT, ATA/USDT, DESO/EUR, FORT/USDT, FORT ...

Coinbase Integrates Wallet as a Service (WaaS) into Ethereum Mainnet, Simplifying Web3 Wallets

This is the technical infrastructure for making Web3 wallets as easy as possible The service uses the MPC method to secure the key Integration into Ethereum will greatly expand its audience Yesterday, May 23, cryptocurrency exchange Coinbase announced ...

Controversial Message by Former CEO Raises Concerns about Customer Data Privacy

Eric Larchevec gave out a scandalous message It turns out that providers can turn over customer data by court order Ledger has drawn a lot of criticism the other day over its new Ledger Recovery service.. Instead of alleviating the situation, former CEO Eric Larc ...

Latam Gateway Licensed as Electronic Money Issuer in Brazil, Collaborating with Binance

Operator Latam Gateway, working with the largest cryptocurrency exchange Binance in Brazil, was licensed by the local central bank as an electronic money issuer and payment provider. Latam Gateway acts as an intermediary for foreign companies in the country, ensuring the ...

U.S. Presidential Candidate Proposes “Fiat Currency Referendum” at Bitcoin 2023 Conference

Speaking at the Bitcoin 2023 conference in Miami, the U.S. presidential candidate suggested that the public turn the 2024 election into a "fiat currency referendum. Vivek Ramaswamy  showed the crowd a QR code that, when scanned, redirects users to a page with various paym ...

Coinbase Welcomes Canadian Cryptocurrency Regulations, Integrates Local Payment Network

The exchange likes regulation "by engaging." Coinbase is integrating a local payment network into its platform Cryptocurrency exchange Coinbase said it likes cryptocurrency regulations in Canada. The exchange is currently in conflict with the SEC because the U ...

Black Dot and Cryptocurrency Exchange Advocate for Restoring Access to UPI for Indian Crypto Companies

Consulting firm Black Dot and an unnamed cryptocurrency exchange have asked the Central Bank of India to restore access for cryptocurrency companies to the national Union Payments Interface (UPI) payment system. Last year, Indian cryptocurrency trading platforms CoinSwitc ...

Coinbase Expands Services in Singapore, Offers USDC Purchases and Staking Rewards

American cryptocurrency exchange Coinbase continues to develop its international presence - the site introduced new services for customers from Singapore. Coinbase Singapore users will be able to buy USDC with the Singapore dollar without commissions. They will also be ...

SEC Sanctions Could Hit Coinbase’s Revenue, Warns Analysts at German Bank

This is the opinion of analysts at a major German bank They believe the SEC sanctions will hit the company hard Coinbase risks losing much of its revenue from the U.S. market The Securities and Exchange Commission (SEC) sent Coinbase a "Wells Notice" ...

Coinbase Expands Services in Singapore, Offering Commission-Free USDC Trading and More

This includes steaming, commission-free USDC buying, training and more Cryptoexchange is expanding in the region Coinbase Global has added new services for Singaporean customers. Now they can buy USDC without commissions for the local currency Singapore dollar (S ...

SEC Indicates Cryptocurrency Regulation Will Rely on Penalties, Says Coinbase Lawsuit

In a lawsuit filed by the exchange Coinbase, representatives of the U.S. Securities and Exchange Commission (SEC) said that the development of laws to regulate cryptocurrencies will take years and while "will do" and fines. This is the first time a U.S. regulator has clea ...

Bermuda Emerges as a Crypto Business Hub with Clear Regulations and Prime Minister’s Support

The island state offers clear and precise rules And the prime minister has become a frequent visitor to crypto forums The island of Bermuda is well on its way to becoming the new center of the crypto business. This island nation has been developing an offshore in ...

Coinbase Forms Advisory Board of Former U.S. Lawmakers to Shape Cryptocurrency Policy

It will include former U.S. lawmakers The council will play a key role in working with regulators Cryptocurrency exchange Coinbase announced an advisory board that will consist of former United States lawmakers. Current members include former Senator Patrick T ...

Uniswap Surpasses Coinbase in Trading Volume for Fourth Consecutive Month

The Uniswap exchange has surpassed Coinbase in trading volume for the fourth consecutive month. Uniswap first surpassed Coinbase's trading volume in February, and while both exchanges have since declined in volume, Uniswap is still ahead of Coinbase. Uniswap processed ...

Matrixport Research Head Warns Against Investing in Memetic Cryptocurrencies

Markus Thielen, head of research at Matrixport, compared investing in memetic cryptocurrencies with a passion for lottery games. In an interview with Cointelegraph, Markus Thielen noted that meme tokens have experienced a huge surge in recent weeks. Earlier this month, t ...

U.S. Chamber of Commerce Criticizes SEC for Unfair Treatment of Cryptocurrency Companies

The U.S. Chamber of Commerce submitted a brief report on the Coinbase trading floor case and the SEC, criticizing the agency for unfairness against cryptocurrency companies. The U.S. Chamber of Commerce began by saying that the U.S. lacks clarity on digital assets, while ...

Coinbase Faces Criticism from Users for Calling Pepe Frog Meme a Hate Symbol and Meme Token Craze “Insane”

Users criticized Coinbase cryptocurrency exchange management for calling the Pepe frog meme a hate symbol and the meme token craze insane. Coinbase executives published an article expressing bewilderment over the memcoin craze. In recent weeks, investors have pounced o ...

Binance Strategist Criticizes Confusing US Regulations, Hopes for UK Crypto Sector Rules

Patrick Hillmann criticizes confusing regulatory rules But believes it won't always stay that way The exchange is banking on British oversight for now Binance chief strategist Patrick Hillmann criticized the US regulatory framework at the Financial Ti ...

Former Coinbase Product Manager Sentenced to Two Years in Prison for Insider Trading

A U.S. court sentenced former Coinbase Global product manager Ishan Wahi, accused of insider trading, to two years in prison. According to a court filing, Ishan Wahi used confidential information he gained access to while working at Coinbase to profit from new token listing ...

Former Coinbase Product Manager Sentenced to Prison for Insider Trading

Ishan Wahi is accused of insider trading He must surrender by June 21 Ishan may serve his sentence at Fort Dix Federal Correctional Institution in New Jersey Former Coinbase product manager Ishan Wahi was sentenced to 24 months in prison. On May 9, Lo ...

Coinbase CEO Criticizes SEC for Overly Strict Crypto Regulation

The CEO of U.S. cryptocurrency exchange Coinbase criticized the Securities and Exchange Commission (SEC) for its overly strict approach to regulating the crypto industry. Brian Armstrong said in an interview that Congress and other federal agencies are trying to bring clari ...

Coinbase CEO Brian Armstrong criticizes SEC’s “anti-cryptocurrency” position and denies rumors of moving abroad

This was Armstrong's opinion during an interview with CNBC He said the U.S. is behind the EU in terms of regulatory preparation for the digital assets segment He also once again denied rumors about the exchange moving abroad The Securities and Exchang ...

Coinbase CEO Explores UAE as Potential Crypto Hub for the Middle East and Beyond

The Coinbase CEO will hold meetings with politicians and regulators There are currently about 500 startups based in Dubai And more than 11% of the population owns cryptocurrency Cryptocurrency exchange Coinbase said that the United Arab Emirates could ...

Ethereum Staking Remains Attractive to Crypto-Enthusiasts Despite Shanghai Update, Decrypt Reports

It's been about a month since the Shanghai update went live, but data from the Etherium network, Decrypt states, shows: enthusiasts are still willing to stake ETH. Shanghai update allowed ether stackers to withdraw their coins from the network. Some users have been on hol ...

Coinbase CEO Assures Commitment to U.S. Market Despite Cryptocurrency Regulation Uncertainty

Cryptocurrency exchange Coinbase CEO Brian Armstrong said the trading floor is 100% committed to the U.S. market despite the uncertainty of cryptocurrency regulation in the country. According to a letter to shareholders from Brian Armstrong, the exchange managed to increase ...

Coinbase Reports Revenue Growth of 22% in Q1 2023

An adjusted loss per share of $0.34, well below projections The company has improved performance due to cost optimization The exchange laid off about 950 people in January alone Today, May 4, Coinbase investors received the exchange's financial report ...

Coinbase Suspends Borrow Service Allowing U.S. Residents to Obtain Loans Against Cryptocurrencies

U.S. cryptocurrency exchange Coinbase decided to suspend the service Borrow, which allowed U.S. residents to obtain loans in fiat currencies on the security of cryptocurrencies. The reason for this decision was not reported. Access to new loans exchange will close as earl ...

U.S. Court of Appeals Rules SEC Must Respond to Coinbase’s Petition on Crypto Regulation

The U.S. Court of Appeals for the Third Circuit ruled The exchange had previously asked the agency about the legality of the regulator's rulemaking on the crypto-asset market The U.S. Court of Appeals for the Third Circuit heard Coinbase's suit to compel the Secu ...

Former Coinbase CTO Burns $1 Million as U.S. Economy Enters “Fiat Crisis”

Executive manager of the largest U.S. cryptocurrency exchange and his opponents prematurely stopped betting on the rise of bitcoin. Former Coinbase CTO accuses U.S. authorities of hiding critical information. Balaji Srinivasan said on soc ...

Ark Invest continues to buy Coinbase stock despite falling prices

They are doing this for the second day in a row The stock exchange has fallen more than 20% in the last month Ark Invest has again gained ground in Coinbase. That night they bought about $7.5 million worth of the brand's stock. Recall that yesterday, three fun ...

Coinbase and Binance see $700M in net outflows in under a month, while DEX experiences net inflows

In less than a month, net outflows from Coinbase and Binance were about $700 million But DEX is seeing net inflows With liquid-staking outperforming decentralized protocols in TVL Dune Analytics reported net ETH outflows on Coinbase and Binance since ...

Coinbase Faces Class-Action Lawsuit Over Alleged Biometric Privacy Violations

A user of the cryptocurrency exchange Coinbase accused the site of violating biometric privacy laws, claiming the exchange illegally stores customers' fingerprints and facial templates. According to the class action lawsuit filed in California District Court, the exchange ...

Coinbase Launches Cryptocurrency Derivatives Exchange

Ilon Musk is forcing tokens again This time he "heated up" the CULT rate The token price soared 84% in a few hours There is no visible connection between Musk and the Cult DAO Twitter CEO Ilon Musk published a new message on his page this ...

Coinbase Launches Cryptocurrency Derivatives Exchange

It comes amid an SEC crackdown The exchange will begin trading by listing BTC and ETH futures On May 2, Coinbase announced the launch of the Coinbase International Exchange (CIE), a cryptocurrency derivatives exchange. The CIE will begin trading this week by l ...

Lawsuit Filed Against Coinbase for Insider Trading Allegations

A U.S. court has filed a lawsuit against cryptocurrency exchange Coinbase alleging management insider trading in shares that helped the exchange avoid huge losses after reporting financial results. Investor Adam Grabski, on whose behalf the lawsuit has been filed in U.S. fe ...

ARK Invest Buys $8.4 Million Worth of Coinbase Stock

Yesterday, ARK Invest units bought $8.4 million worth of securities This is at least the 5th round of such investments since the beginning of the year The well-known American investment company ARK Invest is stocking up on COIN stock again. Yesterday, Ark Innovat ...

Lawsuit Filed Against Coinbase for Violating User Privacy Laws

The complainant demands that the exchange destroy data obtained to verify KYC Before, the company paid a hefty fine and spent $50 million to refine the system Yesterday, May 1, a Michael Massel filed suit in California District Court against Coinbase. In it, h ...

Lawsuit Accuses Coinbase Executives of Insider Trading, Seeks Return of Illegally Gained Profits

Allegedly board members "dumped" securities before they fell This allowed them to avoid a $1 billion loss The author of the lawsuit demands a return of illegally gained profits to the company Adam Grabski filed a lawsuit yesterday, May 1, against top ...

Morgan Mac Lawyers Predict Coinbase Will Not Delist Bitcoin and Ether Despite Regulatory Pressure

According to Morgan Mac Lawyers, Coinbase is unlikely to delist bitcoin (BTC) and ether (ETH) even if regulators increase pressure on the exchange, given that these two cryptocurrencies account for 65% of its trading volume. Bill Morgan, a lawyer representing the San Francisco-based exchange, sta ...

Crypto-Winter Over: Analysts Give Bullish Outlook for Cryptocurrencies and Coinbase Stock

Analysts have given a bullish outlook for cryptocurrencies And also foreshadow a rise in Coinbase stock Experts at New York investment bank HC Wainwright said that crypto-winter is over. And at the same time changed the rating of the Coinbase exchange to "buy. ...

Ex-Coinbase Product Manager Files Petition for Leniency in Insider Trading Case

Ishan Wahi has filed a new petition He asks for consideration of cooperation with the investigation Ex-Coinbase product manager Ishaan Wahi has filed a new petition in the court case. He asks Themis to impose a prison term of not more than 10 months. Recall th ...

SEC Chairman Gensler Says Most Crypto Assets Are Not Securities

Gensler told his students this during a course at MIT The current chairman of the SEC categorized three-quarters of the crypto-asset market as commodities and fiat In 2018, Professor Gary Gensler taught a course for MIT students called "Blockchain and Money". ...

Ark Invest Remains Bullish on Coinbase, Purchases $8.6 Million in Shares Despite SEC Lawsuit

The value of the deal was $8.6 million And Ark Invest had already purchased shares of the company last month Kathy Wood's Ark Invest fund bought Coinbase stock again. They remain bullish on the most famous U.S. cryptocurrency exchange. And seem confident that ...

Coinbase Sues SEC for Failure to Respond to Petition Regarding Crypto-Asset Regulation

In July 2022, Coinbase filed a petition with the SEC demanding a clear response regarding regulation of digital assets. In the past months, the Commission has never responded to this request. The company now intends to seek judicial review of the request. In its petition, Coinbase calls for "p ...

Coinbase files lawsuit against SEC demanding clear regulations for cryptocurrencies

Coinbase, a cryptocurrency exchange, has taken legal action against the US Securities and Exchange Commission (SEC) after failing to receive a response to a petition it submitted in July 2022. The petition requested that the SEC adopt clear rules and regulations for the cryptocurrency industry in ...

Ripple Considers Moving Business Outside US Amid Ongoing SEC Legal Battle

Ripple is currently evaluating its options for relocating its business outside the United States in response to the ongoing legal battle with the SEC, taking cues from Coinbase's recent actions. Ripple's international policy adviser, Susan Friedman, has expressed a favorable view of the European ...

Gemini and Coinbase-Backed Organizations Participate in Auction for Celsius Assets

Gemini and Coinbase-supported organizations are set to participate in the auction of bankrupt cryptocurrency lender Celsius' assets. These assets include a considerable fleet of mining equipment, a loan portfolio, and stakes in various startups. The auction itself is scheduled for April 25th. ...

Gemini Unveils New Derivatives Trading Platform for Non-US Users

Gemini, a leading cryptocurrency exchange, has announced the launch of a new derivatives trading platform, which will be accessible to users across several countries worldwide. The platform's first product will be a perpetual contract for BTC paired with the Gemini stablecoin (GUSD). Later on, th ...

Gemini Exchange prepares to open a new office in India

Gemini, the popular cryptocurrency exchange, has announced that it will be expanding its operations in the Asia-Pacific region by opening a new office in India. The exchange's co-founders, Cameron and Tyler Winklevoss, have appointed Gemini's CTO, Pravjit Tiwana, as the chief executive of the Ind ...

Coinbase Expands Globally with Crypto-Derivatives Platform Launch in Bermuda

Coinbase, the well-known American cryptocurrency exchange, is expanding its presence globally, with plans to launch a crypto-derivatives platform in Bermuda as early as next week. According to a blog post from the company, Coinbase has already secured a Class F license under the Digital Asset Bus ...

Coinbase CEO Warns of Possible Withdrawal from US Crypto Market

During a Fintech Week event in London, Brian Armstrong, the CEO of Coinbase, stated that the company may have to consider withdrawing from the US market if the lack of regulatory clarity in the crypto industry persists. Armstrong believes that the US has the potential to become a significant mark ...

US SEC Sends Notice to Bittrex Over Unregistered Operations

The Wall Street Journal has reported that Bittrex, a cryptocurrency exchange, has received a notice from the US Securities and Exchange Commission (SEC) regarding the possibility of being forced to cease operations for not registering with the agency. Bittrex General Counsel David Maria confirmed ...

IntoTheBlock Report Reveals Withdrawal of $1.8 Billion Worth of Ethereum from Staking

A new report from cryptanalytics platform IntoTheBlock says that by the start of the week, Ethereum holders had applied to withdraw 868,631 ETH worth more than $1.8 billion from staking. Approximately 63% of the ethers pending the completion of the withdrawal operation pr ...

Coinbase CEO Confirms Integration of Lightning Network Protocol for Faster and Cheaper Transactions

The CEO of Coinbase has announced plans to incorporate The Lightning Network protocol into the trading platform's features, which will allow for faster and more affordable transactions. Brian Armstrong recently discussed the impending modifications to the Bitcoin Lightning Network on Coinbase aft ...

Congressman Criticizes SEC Chairman for Hindering Crypto Industry Growth

The US Securities and Exchange Commission (SEC) has come under fire from Congressman Tom Emmer for its handling of the cryptocurrency industry. Speaking to journalist Laura Shin on the Unchained podcast, Emmer accused SEC Chairman Gary Gensler of creating an environment of regulatory uncertainty ...

Tether Transfers Funds to Bahamas using Signature Bank’s Payment Platform, Signet

Tether Uses Signet to Transfer US Dollar Funds to Bahamas Banking Partner. According to recent reports, Tether, the issuer of USDT stablecoin, used Signet, the payment platform of Signature Bank, to transfer US dollar funds to its banking partner, Capital Union Bank, in the Bahamas. The transf ...

Problems with regulation may lead American crypto firms to relocate outside US, says Raoul Pal

Raoul Pal, the former top executive at Goldman Sachs and current CEO of Real Vision, has predicted that American cryptocurrency companies may have to relocate their headquarters to other parts of the world due to regulatory issues. In an interview with the Rug Radio podcast, Pal drew parallels to ...

Canadian Crypto Companies Merge to Create One of the Largest Digital Asset Trading Platforms

Canadian cryptocurrency firms, including WonderFi, Coinsquare, and CoinSmart, have come together to create one of the world's most prominent digital asset trading platforms. The companies' joint statement revealed that the merger would consolidate about 2 million customers under a single brand, w ...

Outrage sparked over US Senator’s proposed “army against cryptography” in election campaign

The US Senator's plan to center his election campaign on the formation of an "anti-cryptography army" has sparked outrage among concerned members of the public. In a united address to the US Parliament, David McIntosh, Grover Norquist, and Adam Brandon, the presidents of non-profit associations C ...

Coinbase Urges US Government to Clarify Cryptocurrency Regulations to Retain Web3 Innovators

Coinbase, a leading cryptocurrency exchange, has urged the US government to establish clear regulations for the cryptocurrency industry to retain highly skilled Web3 developers in the country. According to a report by Electric Capital, the US share in the development of Web3 has declined from 40% ...

Coinbase Considers Launching Inflation-Pegged Stablecoin

Coinbase, the popular cryptocurrency exchange, is reportedly exploring the possibility of introducing a new type of stablecoin that is tied to inflation. This unique stablecoin, called a "flatcoin", would be pegged to the cost of living rather than the US dollar, like most stablecoins on the mark ...

FTX’s Customer Problems Could Extend Crypto Winter Until End of 2023, According to Coinbase Analysts

According to the Coinbase team, FTX's recent customer problems are just the beginning of a much larger issue in the world of cryptocurrency. They suggest that "second order effects" will extend the crypto winter until the end of 2023. This is due to the fact that a significant amount of funds fro ...

Coinbase CEO Urges Crypto Users to Vote for Supporters Amid SEC Threats

Coinbase CEO, Brian Armstrong, is encouraging users of the popular cryptocurrency exchange to vote for political candidates who support the crypto industry. This comes as the US Securities and Exchange Commission (SEC) has sent a notice to Coinbase that it may sue them for selling unregistered se ...

Kraken Faces Challenges with ACH Channel Due to Silvergate Bank Issues

Kraken Cryptocurrency Exchange Faces ACH Channel Challenges with Silvergate Bank Kraken, a major cryptocurrency exchange, has recently faced difficulties with its Automated Clearing House (ACH) deposit and withdrawal channel due to issues with its banking partner, Silvergate Bank. As a result, Kr ...

Cryptocurrency traders lose $259.8 million in a day after Fed rate announcement

According to data from the Coinglass analytical platform, traders lost a staggering $259.8 million in just a single day due to the fluctuation in cryptocurrency rates. On March 22, the value of bitcoin rose to nearly $29,000, but after the US Federal Reserve System (FRS) announced an increase in ...

Coinbase Analysts Express Confidence in Long-Term Strength of Cryptocurrency Market

Coinbase analysts have presented a report on the cryptocurrency market, expressing their confidence in the long-term strength of digital assets. The report considers three scenarios related to the actions of the US Federal Reserve: stopping interest rate hikes, a slight rate increase with further ...

US SEC Warns Coinbase of Possible Enforcement Action for Selling Unregistered Securities

The US Securities and Exchange Commission (SEC) has issued a warning to Coinbase, a popular cryptocurrency exchange, indicating that it could face enforcement action for selling unregistered securities. According to Coinbase management, the SEC's notice pertains to an unspecified portion of digit ...

Coinbase tests ChatGPT for Smart Contract Risk Assessment

Coinbase recently tested the effectiveness of ChatGPT in evaluating the risk levels of various tokens. To conduct the experiment, Coinbase's employees analyzed 20 smart contracts of different tokens for potential risks and then compared their findings to ChatGPT's results. In 12 of the 20 cases, ...

Over $1 Billion Worth of Ethereum Lost Due to Smart Contract Bugs and Human Error

The Director of Product Strategy and Business Operations at Coinbase recently highlighted the prevalence of errors in the Ethereum ecosystem that have led to the loss of over $1 billion worth of Ether. Conor Grogan conducted an in-depth analysis of thousands of different errors, rangi ...

Coinbase Halts Support for Signet Following Signature Bank Shutdown

Coinbase, a well-known cryptocurrency exchange, recently announced that it has ceased supporting Signet, a digital payment platform owned by Signature Bank. This decision was made after US regulators shut down Signature Bank last week. Coinbase is now actively seeking a new technology provider, w ...

BlackRock CEO Larry Fink Sees Cryptocurrencies Boosting Financial Inclusion

BlackRock CEO Larry Fink has expressed his view that cryptocurrencies could play a significant role in increasing financial inclusion worldwide. In a recent letter to investors, Fink reiterated BlackRock's commitment to supporting the emerging cryptocurrency industry and revealed that the company ...

Microsoft Edge Browser Might Soon Have a Built-in Cryptocurrency Wallet, Says Researcher

Albacore, a software researcher hailing from central Europe, recently revealed a stunning discovery about Microsoft Edge browser. According to him, the browser code contains code for integrating a non-custodial cryptocurrency wallet. The screenshots shared by Albacore showed a user interface with ...

Coinbase Plans to Launch Crypto Trading Platform Outside the US

Against a backdrop of increasingly stringent regulations and a challenging banking environment for national cryptocurrency companies, Coinbase is planning to launch a new cryptocurrency trading platform outside of the United States. Reports from Bloomberg indicate that Coinbase Global has already ...

Ark Invest Raises $16.3 Million for New Crypto Fund

Ark Invest, the investment management firm led by Catherine Wood, has successfully raised $16.3 million for its new cryptocurrency fund. The fund will have two separate entities, with one based in the United States and the other in the Cayman Islands. The company filed the necessary documents wit ...

Coinbase Partners with Standard Chartered to Offer Free Wire Transfers in Singapore

Coinbase has recently announced a partnership with Standard Chartered, which will allow users in Singapore to benefit from free wire transfers. This move aims to provide Coinbase customers with more flexibility and convenience when depositing or cashing out funds from their exchange accounts. ...

Massive Withdrawals and Asset Movements from FTX and Alameda Research Affiliated Wallets Despite Ongoing Investigation

Amidst an ongoing investigation by law enforcement into FTX and its subsidiary, Alameda Research, someone has made a hefty withdrawal of 69.64 million USDT stablecoins and 75.94 million USDC from affiliated wallets. According to the Lookonchain service, funds from three wallets linked to bankrupt ...

Coinbase denies insider trading allegations, files motion to dismiss criminal case

Coinbase's management has submitted a unique private opinion to the court in regards to the case involving the former exchange manager. They deny any criminal wrongdoing and have requested a review of the decision. The Seattle District Court received a motion from Coinbase to dismiss the criminal ...

Cryptocurrency Market Awaits New Shocks as BTC Rate Collapses

The cryptocurrency market appears to be bracing for further upheavals as the value of BTC experiences a significant 5% drop to $22,250. This follows reports of possible bankruptcy for Silvergate bank, a crucial financial institution that serves some of the largest crypto firms. In response, Si ...

Survey Shows 20% of Americans Own Cryptocurrencies and Believe in the Future of Blockchain and Digital Assets

Based on a study conducted by Coinbase and Morning Consult, it has been found that one-fifth of the American population owns digital currencies. The majority of the participants in the survey believe that blockchain and digital assets hold the key to the future. ...

Survey Finds 20% of Americans Own Cryptocurrencies and Believe in Blockchain’s Future

Based on research by Coinbase and Morning Consult, it was found that approximately one-fifth of the US population owns some form of cryptocurrency. The survey, which involved over 2,000 American citizens, revealed that the majority of respondents believe that the future lies with digital assets and ...

Coinbase Launches Second-Level Base Test Network for Building Decentralized Applications

Coinbase, one of the largest cryptocurrency exchanges, has recently launched a test network for its second-level Base solution. The technology is based on Ethereum and utilizes Optimism technologies. The Base network, aimed at becoming the primary platform for building decentralized applications, ...

JPMorgan Lowers Full-Year Forecast for Coinbase Stock Amid Regulatory Risks

Investment bank JPMorgan has revised down its full-year projection for Coinbase stock from $60 to $52 due to concerns surrounding regulatory actions. The bank's analysts have cited pressure on stablecoin issuers from regulators, a ban on Kraken exchange offering staking services to users, and str ...

Coinbase launches EUROC trading pairs with Euro-backed stablecoin

Coinbase, the largest American crypto exchange, has announced the phased launch of trading pairs in conjunction with the euro-backed stablecoin EUROC. Starting from February 22, users of the platform can conduct trading operations with Euro Coin, with the EUROC-USD and EUROC-EUR trading pairs to ...