-
DOJ Launches Investigation into Cyberattack Targeting Coinbase, Reports Bloomberg
In a recent security incident, a significant breach raised concerns for some users of the cryptocurrency exchange Coinbase. While such events can be alarming, it is important to note that the attackers did not gain access to any customer funds, private keys, or login systems. This is reassuring news for both the platform and its…
-
Wisconsin Investment Board Divests $321 Million from BlackRock’s Bitcoin ETF Portfolio
In the ever-evolving landscape of investments, recent moves by key financial players often capture the attention of both seasoned investors and novices. Among these developments, a notable decision came from a prominent agency that has made headlines by selling off its holdings in BlackRock’s IBIT. However, what’s particularly striking is that while they have exited…
-
Wall Street Analysts Downplay Coinbase Cyberattack and SEC Investigation as Minor Distractions
In recent discussions regarding the performance and future expectations of Coinbase, a significant focus has been placed on certain incidents that, at first glance, might seem concerning. However, multiple analysts in the financial sector have worked to shed light on these events, emphasizing that they should not be viewed as indicative of any larger problem.…
-
SEC Probes Allegations of User Number Inflation by Coinbase Ahead of 2021 IPO According to New York Times
In a recent update from Coinbase, the cryptocurrency exchange disclosed its decision to shift how it presents user statistics in its securities filings. This change represents a significant shift in the way the platform communicates its user base’s engagement and overall activity to investors and the public. Traditionally, cryptocurrency platforms, including Coinbase, have relied heavily…
-
Coinbase CEO Explores New Acquisition Opportunities Following $2.9 Billion Purchase of Deribit
In recent news, the CEO of Coinbase, Brian Armstrong, expressed confidence in the company’s direction and future growth through mergers and acquisitions. This follows their recent acquisition of Deribit, a notable crypto derivatives platform. Armstrong made these comments in an appearance on Bloomberg Television on May 14, highlighting Coinbase’s continuous interest in M&A opportunities to…
-
Coinbase Expands Its Reach with Strategic Investment in Canadian Stablecoin Issuer
Coinbase, a well-known player in the cryptocurrency exchange market, is making significant strides in Canada by teaming up with Stablecorp, a Canadian issuer of stablecoins. This partnership aims to enhance the availability of a specialized digital currency known as QCAD, which represents a tokenized version of the Canadian dollar. During a recent conversation at the…
-
Coinbase Launches Round-the-Clock Bitcoin and Ethereum Futures Trading Following Groundbreaking Deribit Acquisition Announcement
Coinbase Derivatives is set to introduce a game-changing platform that will enable both retail and institutional investors to engage in futures contract trading around the clock. This development marks a significant milestone in the cryptocurrency trading space, as it offers users the flexibility and accessibility they have been seeking. With the growing interest in cryptocurrencies,…
-
Coinbase Targets 4-8% Annual Bitcoin Returns with New Bitcoin Yield Fund Initiative
Starting May 1, Coinbase Asset Management will debut a new institutional Bitcoin yield fund aimed specifically at non-U.S. customers. This initiative marks an important step for institutional investors looking to tap into Bitcoin’s potential returns while navigating outside of the American regulatory framework. The decision to launch this fund comes as Bitcoin continues to gain…
-
Coinbase Reports Lightning Network Accounts for 15% of Its Bitcoin Transaction Volume
In April 2024, Coinbase made a significant move by integrating the Lightning Network into its platform, a development that has sent ripples throughout the cryptocurrency community. This upgrade is set to revolutionize the way customers transact in Bitcoin, ultimately leading to faster, more efficient, and cost-effective transactions. The Lightning Network, for those who may not…
-
Coinbase Advocates for Removal of Regulation Preventing SEC Employees from Owning Cryptocurrency
Coinbase has made a notable request to the U.S. Office of Government Ethics (OGE), urging them to reconsider a regulation that currently prevents staff at the Securities and Exchange Commission (SEC) from holding or transacting in cryptocurrencies. This appeal was articulated by Coinbase’s Chief Legal Officer, Paul Grewal, through open letters sent to Jamieson Greer,…
-
XRP News Update: Top 5 Factors Impacting Ripple’s Price Surge
In the ever-evolving world of cryptocurrencies, XRP recently made headlines by surpassing Ethereum in a crucial aspect of its foundational metrics. This development has generated a lot of buzz in the crypto community, as the competition among leading cryptocurrencies intensifies. The landscape of digital assets is not only defined by their technological capabilities but also…
-
Alabama Discontinues Legal Battle with Coinbase Over Staking Practices
The Alabama Securities Commission recently made headlines by announcing the dismissal of its lawsuit against Coinbase, a major player in the cryptocurrency exchange market. The lawsuit initially accused Coinbase of breaching securities laws through its offering of staking services to customers. This decision reflects a significant pivot in the regulatory landscape concerning cryptocurrency in the…
-
Surge in Whale Buying on Binance and Coinbase Drives Bitcoin Prices Upward
In recent weeks, Bitcoin has been making headlines as it surpasses the $94,000 mark. The significant surge in its value can be attributed to a series of strategic movements by large investors, often referred to as “whales,” on major cryptocurrency exchanges such as Binance and Coinbase. These whales have the capacity to influence market trends…
-
Oregon Attorney General Takes Legal Action Against Coinbase Following SEC’s Decision to Drop Case
Oregon’s Attorney General has recently filed a lawsuit against the cryptocurrency exchange Coinbase, echoing the federal charges that had been previously dismissed just a few months prior. This legal action adds to the ongoing scrutiny surrounding cryptocurrency platforms as regulators across the nation grapple with how to appropriately oversee this rapidly evolving sector. Coinbase, founded…
-
Coinbase Enhances Solana Support by Boosting Transaction Throughput Five Times in Response to User Feedback
In January, Coinbase took a significant step to enhance its transaction processing infrastructure for Solana, particularly in response to user complaints related to withdrawal and deposit issues. This move underscores Coinbase’s commitment to providing a smoother and more reliable experience for its customers, especially during times of heightened network activity and demand. For those less…
-
Tariff Turmoil Drives Coinbase International’s BTC Perpetuals to $100 Billion in Weekly Trading Volume
Coinbase International has made quite an impression in the cryptocurrency space recently, particularly with its Bermuda-licensed derivatives exchange. In a remarkable display of growth and user engagement, the platform handled close to $100 billion in Bitcoin perpetual futures trading volume in just one week. This impressive milestone not only highlights the platform’s rapid expansion but…
-
Cathie Wood’s Ark Invest Bolsters Coinbase Holdings with $4.8 Million Purchase Amid Anticipation of Trump’s New Tariffs
Ark Invest has once again shown its bullish stance on Coinbase, the cryptocurrency exchange platform, by purchasing an additional $4.8 million worth of its shares for three of its exchange-traded funds (ETFs). This move comes just a day after the investment firm acquired a sizable $13.3 million worth of Coinbase shares, highlighting Ark’s ongoing confidence…
-
Daily Update: Justin Sun Embraces Legal Challenges, BlackRock Partners with Anchorage Digital for Custodial Services, Binance’s Tax Evasion Case in Nigeria Temporarily Suspended, and More Insights
The world of cryptocurrency continues to be a hotbed of activity, with significant developments unfolding in the regulatory landscape as well as within major companies. Recently, the U.S. Securities and Exchange Commission (SEC) announced its plan to hold a roundtable discussion involving Coinbase, one of the largest cryptocurrency exchanges, along with other key players in…
-
Base and Stablecoins Pave the Way for Coinbase to Emerge as Essential Crypto Infrastructure, According to Cantor Fitzgerald
Cantor Fitzgerald has shared an optimistic projection for Coinbase, suggesting that the company could experience a remarkable growth in its stablecoin revenue over the next several years. According to their analysis, it’s expected that by 2030, Coinbase could see its revenue from stablecoins increase by five to ten times. This potential surge is likely to…
-
Ark Invest Acquires $13.3 Million in Coinbase Shares as Market Faces Turmoil
In a significant move amidst a generally declining market, Ark Invest has made headlines by acquiring a substantial number of shares in Coinbase Global Inc. On Monday, the investment management firm snapped up an impressive 84,514 shares through its ARK Next Generation Internet ETF (ARKW) and the ARK Fintech Innovation ETF (ARKF). This decision reflects…
-
ZachXBT Criticizes Coinbase for Locking Accounts Amid Undisclosed Breach, Resulting in User Losses
In recent events, ZachXBT, a prominent figure in the cryptocurrency community, has taken a strong stance against Coinbase, one of the leading cryptocurrency exchanges. His frustrations stem from two significant incidents where he found himself locked out of his Coinbase account, coupled with the exchange’s lack of transparency surrounding a reported data breach. ZachXBT is…
-
SEC Closes Enforcement Case Against Kraken, ConsenSys, and Cumberland DRW: What It Means for the Crypto Industry
In a recent development that has captured the attention of the cryptocurrency community, the U.S. Securities and Exchange Commission (SEC) has dismissed its case against Coinbase, one of the largest digital currency exchanges. This decision carries significant implications for Coinbase and the broader landscape of the crypto market, especially as other firms involved in similar…
-
Coinbase User Falls Victim to $34 Million Bitcoin Scam, Reveals ZachXBT
In a concerning revelation for the cryptocurrency community, ZachXBT, a prominent figure known for tracking and reporting on crypto-related scams, has shared alarming statistics about the financial losses that Coinbase users have incurred. According to his findings, scammers managed to siphon off more than $46 million in Bitcoin and various other cryptocurrencies during the month…
-
Coinbase Executives Warn That Dominance in Ethereum Staking Could Lead to Overcentralization
Coinbase has recently risen to prominence as the largest node operator on the Ethereum network, a development that has prompted discussions about potential centralization issues within the ecosystem. As the adoption of cryptocurrency by institutional players continues to gain momentum, industry leaders have expressed their concerns regarding the implications of this centralization. On March 19,…
-
South Carolina Drops Lawsuit Against Coinbase, Aligns with Vermont’s Legal Actions
Recently, South Carolina made headlines by dismissing its lawsuit against Coinbase, a prominent crypto exchange, over allegations related to its staking services. The state had accused Coinbase of providing unregistered securities, a legal interpretation that has been hotly contested in the crypto community. On March 27, 2023, the lawsuit was officially put to rest through…
-
Coinbase Product Director Envisions DeFi as a Seamless Experience for Everyday Consumers with Innovative Bitcoin-Backed Loans
At Coinbase, a prominent player in the cryptocurrency exchange landscape, there’s a constant drive to push the boundaries of what is possible in the realm of decentralized finance (DeFi). Recently, Michael Riani, the Product Director at Coinbase, shed light on a groundbreaking initiative that the company is rolling out: bitcoin-backed loans. These loans are not…
-
Coinbase Negotiates Acquisition of Derivatives Exchange Deribit, According to Report
Coinbase is reportedly in the advanced stages of negotiations to acquire Deribit, a prominent cryptocurrency derivatives exchange, as highlighted in a March 21 report by Bloomberg. This potential acquisition would significantly enhance Coinbase’s existing derivatives platform, which primarily focuses on futures, by incorporating Deribit’s offerings. Deribit is renowned for being the largest platform for trading…
-
Coinbase Urges SEC to Clarify Digital Asset Regulations Amid Changing Regulatory Landscape Post-Trump Era
In a recent move that caught the attention of many in the financial and cryptocurrency sectors, Coinbase took a proactive approach by making several recommendations to the U.S. Securities and Exchange Commission (SEC). This initiative aims to clarify and refine the SEC’s authority over the rapidly evolving crypto market. As a leading player in the…
-
Today’s Key Developments and Highlights in the Cryptocurrency Market
The world of cryptocurrency is constantly evolving, and today, significant developments have emerged that could shape the landscape. One notable event is Canary Capital’s pursuit of regulatory approval to launch an exchange-traded fund (ETF) backed by the governance token of the popular Pudgy Penguins project. In a different corner of the crypto universe, Coinbase has…
-
Key Highlights and Developments in the Cryptocurrency World Today
In the ever-evolving world of cryptocurrency, significant developments are unfolding today that are attracting the attention of both enthusiasts and investors. Notably, Canary Capital is taking steps toward regulatory approval for an exchange-traded fund (ETF) that will be underpinned by the governance token of the popular Pudgy Penguins NFT project. Concurrently, Coinbase has solidified its…
-
Coinbase Introduces Verified Pools in Selected Regions for Enhanced Onchain Liquidity Transparency
Coinbase, a leading cryptocurrency exchange known for its user-friendly interface and robust security measures, has expanded its offerings with the introduction of Verified Pools. This initiative is set to enhance the investment experience for users across various regions, including the United States, Singapore, the Netherlands, the British Virgin Islands, the Cayman Islands, and the Channel…
-
Crypto Users Warn of New Scam Emails Impersonating Coinbase and Gemini
In recent weeks, there has been a noticeable uptick in reports from cryptocurrency users regarding scams that utilize misleading email communications purportedly from reputable exchanges such as Coinbase and Gemini. These fraudulent emails are cleverly designed to lure unsuspecting users into creating new wallets with pre-generated recovery phrases controlled by the scammers themselves. Such tactics…
-
Vermont Imitates SEC by Dismissing Legal Action Against Coinbase Over Staking
The state of Vermont recently made headlines by withdrawing its “show cause order” against Coinbase, a prominent cryptocurrency exchange. This order had been issued in response to Coinbase allegedly offering unregistered securities to customers through its staking service. Such regulatory actions indicate the evolving landscape of cryptocurrency regulation in the United States, reflecting an environment…
-
“Analyst Suggests Coinbase Decline Amid Bitcoin Prices Is Excessive as Trading Volumes Indicate Recovery”
In the dynamic landscape of cryptocurrency markets, developments are often rapid and significant. A recent report from Mizuho Securities has drawn attention to Coinbase, the prominent cryptocurrency exchange. This report indicates that Mizuho has raised its revenue estimates for Coinbase for the upcoming first quarter, a move that highlights a notable shift in sentiment regarding…
-
Coinbase Announces Round-the-Clock BTC and ETH Futures Trading in the US
On March 10, 2023, Coinbase made a significant announcement aimed at enhancing the trading experience for its users in the United States. The cryptocurrency exchange, known for its user-friendly platform, unveiled plans to introduce 24/7 trading for Bitcoin (BTC) and Ether (ETH) futures, alongside the launch of perpetual futures trading that features long-dated expirations. This…
-
Coinbase Executive Claims Trump’s Strategic Bitcoin Reserve Could Alleviate $18 Billion in Sell-Side Pressure
In a recent statement, Conor Grogan, a director at Coinbase, shed light on the potential implications of establishing a U.S. Bitcoin reserve. His remarks suggest that this move may play a crucial role in alleviating sell-side pressure that has been weighing on the cryptocurrency market. The landscape of Bitcoin and other cryptocurrencies can often feel…
-
Coinbase Plans to Create 1,000 Additional US Jobs by 2025, Credit Given to Trump — Brian Armstrong
Following the recent White House Crypto Summit, there has been a notable shift in the dynamics surrounding the cryptocurrency industry, particularly evident in the responses of key players within the sector. One significant outcome of this summit was the announcement by Coinbase CEO Brian Armstrong, indicating the company’s intention to embark on an aggressive hiring…
-
Coinbase Plans to Create 1,000 Additional US Jobs in 2025, Credit to Trump — Brian Armstrong
In the wake of the recently convened White House Crypto Summit, the cryptocurrency landscape finds itself at a pivotal moment, with significant implications for industry players and regulatory bodies alike. One noteworthy development that emerged from this summit is the announcement by Coinbase CEO Brian Armstrong, who has indicated that the leading cryptocurrency exchange will…
-
Coinbase Requests FOIA to Determine the Costs of SEC’s Actions Against Crypto
In the rapidly evolving landscape of cryptocurrency and digital assets, regulatory clarity remains one of the most pressing concerns for industry stakeholders. Recently, Coinbase, one of the leading cryptocurrency exchanges in the United States, has taken a firm stance in the face of ongoing regulatory scrutiny. Paul Grewal, the company’s Chief Legal Officer, emphasized the…
-
SEC Declares Memecoins are Not Securities, but Fraud Remains a Concern
In a notable shift in regulatory posture, a prominent agency has begun to embrace a more cryptocurrency-friendly approach. This transformation is particularly evident in its recent decisions to drop enforcement cases against significant players in the crypto sphere, including established firms like Coinbase and UniSwap. This development signifies a critical turning point for the cryptocurrency…
-
SEC Officially Dismisses Coinbase Case
In June 2023, a significant legal action unfolded that sent ripples through the cryptocurrency community and the financial markets at large. The U.S. Securities and Exchange Commission (SEC) initiated a lawsuit against Coinbase, the leading cryptocurrency exchange based in the United States. This development came two years after Coinbase made its highly publicized debut on…
-
SEC Concludes Investigation into Crypto Exchange Gemini, According to Cameron Winklevoss
In recent days, the regulatory landscape for cryptocurrency exchanges and platforms has experienced a notable shift, particularly with the U.S. Securities and Exchange Commission (SEC) retracting its investigations into several prominent players in the industry, including Coinbase, OpenSea, Robinhood, and Uniswap. Additionally, discussions have commenced between the SEC and Justin Sun, a well-known figure in…
-
QuickNode Launches $65 Million Accelerator Program for Layer 2 Projects in Partnership with Google, Coinbase Ventures, and Dragonfly
In recent developments within the financial technology sector, a new initiative known as the “RollOut” program is set to make significant waves. This program aims to provide a robust suite of tools, resources, and funding opportunities to help emerging companies and innovators in the blockchain and cryptocurrency space navigate the complexities of the market. Spearheaded…
-
“Alongside Team Raises $9 Million in Strategic Investment from a16z and Others for Universal Token Project”
In a significant move within the financial technology sector, the recent funding round for the uAsset project has garnered substantial attention. This round was spearheaded by the esteemed venture capital firm Andreessen Horowitz, renowned for its strategic investments in innovative technology startups. Additionally, Coinbase, a leading cryptocurrency exchange, participated in this round, signaling strong interest…
-
SEC Requests an Additional 28 Days to Address Coinbase’s Appeal
The ongoing legal challenges faced by Coinbase have taken an interesting turn as the Securities and Exchange Commission (SEC) has formally requested an additional 28 days to evaluate Coinbase’s appeal. This request, which expands the timeline of a battle that has been underway since June 2023, reflects the complexities of regulatory scrutiny in the rapidly…
-
Coinbase Teams Up with Aston Martin’s Formula One Team, Competing with Crypto.com as F1 Partner
Crypto.com, a prominent player in the cryptocurrency landscape, has been a steadfast partner of a well-known racing organization for an impressive duration. This relationship has not only highlighted the crossover between financial technology and sports but has also cemented crypto’s growing foothold in mainstream culture. As we look ahead, an exciting development will unfold this…
-
Franklin Templeton Expands FOBXX Fund to Solana, Signifying Its Latest Venture into Blockchain
The financial landscape is continually evolving, with innovations at the intersection of traditional finance and cryptocurrency gaining traction. One recent development in this space is the launch of FOBXX, a sophisticated investment vehicle designed to offer exposure to U.S. government debt. This fund has made a notable debut on Stellar and is now available for…
-
Post-Election Trading Surge Positively Impacts Coinbase Earnings: Kaiko
In the ever-evolving landscape of cryptocurrency, prominent firms are gearing up to unveil their financial results in a series of earnings reports that could significantly influence market sentiment. Among these companies, Coinbase, one of the most recognizable names in the crypto exchange arena, is set to disclose its earnings this week. This event is particularly…
-
Coinbase and Gemini CEOs Celebrate as CFPB Chief Weakens Agency’s Power
In recent discussions surrounding the regulatory landscape of cryptocurrency in the United States, Coinbase’s CEO, Brian Armstrong, has voiced strong criticisms against a particular government agency, describing it as an “activist organization” that has caused significant harm to the country’s economic and technological advancement. This statement not only reflects Armstrong’s deep concerns about the current…
-
CoinGecko: Coinbase Stands as the Sole Major Public Exchange Amid Crypto Expansion
The cryptocurrency landscape is dynamic and evolving rapidly, with various players navigating the complexities of market demands, technological advancements, and regulatory challenges. Among these players, Coinbase has emerged as a dominant force within the cryptocurrency exchange sector. By analyzing its current position in the market, we can gain insights into not only its sustained success…
-
Kraken and Coinbase Obtain Essential Regulatory Approvals for Expansion in the EU and UK, Accordingly
In recent developments within the cryptocurrency market, two prominent exchanges, Kraken and Coinbase, have made significant strides in ramping up their operations in Europe and the United Kingdom. These moves not only reflect the evolving regulatory landscape in these regions but also underscore the growing demand for compliant cryptocurrency services. Kraken has positioned itself as…
-
Coinbase Purchases Web3 Advertising Technology Platform Spindl
In the rapidly evolving landscape of blockchain technology and decentralized finance, Spindl emerges as a noteworthy player, having been established in 2022 by entrepreneur Antonio Garcia-Martinez. The firm is strategically positioned within the Ethereum ecosystem, specifically leveraging Base, a Layer 2 solution incubated by Coinbase. This foundational choice suggests a tactical alignment with one of…
-
Coinbase Secures Approval to Broaden Services in Argentina
Coinbase, a leading cryptocurrency exchange, has made a significant strategic move by successfully registering its operations in Argentina. This development allows the platform to offer local payment methods and extend its services in Argentine pesos (ARS), which is a crucial step in deepening its market presence in the Latin American region. The registration in Argentina…
-
Coinbase CEO Suggests Overhaul of Token Listing Procedures
In the rapidly evolving landscape of cryptocurrency, exchanges are often faced with the daunting task of managing an ever-increasing number of token listings. This challenge was aptly articulated by a prominent figure within Coinbase, who proposed a strategic shift in the way the exchange conducts its token review process. The suggestion emphasizes the integration of…
-
CFTC’s Final Effort Against Crypto? Coinbase Subpoena Marks Last Stand Before the Trump Administration Takes Over
In a significant development within the cryptocurrency regulatory landscape, the Commodity Futures Trading Commission (CFTC) has initiated an investigation into Coinbase, particularly concerning its involvement with Polymarket, a prominent prediction market platform. This investigation is particularly noteworthy as it highlights the increasing scrutiny that digital asset platforms are facing from regulatory bodies. The CFTC, which…
-
Coinbase Alerts Users About CFTC Subpoena Related to Polymarket
The evolving landscape of cryptocurrency regulation continues to gain traction as financial authorities seek to better understand and manage the implications of digital asset trading and associated market behaviors. One noteworthy development in this arena is Coinbase’s recent situation involving a subpoena from the Commodity Futures Trading Commission (CFTC) related to Polymarket, a blockchain-based prediction…
-
Judge Temporarily Halts SEC Lawsuit Targeting Coinbase
In a significant development within the cryptocurrency regulatory landscape, Judge Katherine Failla of the U.S. District Court for the Southern District of New York has issued a stay on the Securities and Exchange Commission (SEC) lawsuit against Coinbase, one of the largest cryptocurrency exchanges in the world. This decision comes amidst ongoing debates regarding the…
-
Court Halts Ruling in SEC v. Coinbase Case During Appeal Process
In a significant ruling for the cryptocurrency industry, Judge Katherine Failla recently granted Coinbase, one of the largest cryptocurrency exchanges globally, the right to file an interlocutory appeal. This decision stems from ongoing debates regarding the classification of certain cryptocurrencies as securities under the purview of the U.S. Securities and Exchange Commission (SEC). The ramifications…
-
Base Considers Launching Tokenized COIN Shares
The landscape of cryptocurrency and digital assets is undergoing considerable transformation, particularly with the rise of tokenization. Among the leading players in this field is Coinbase, a prominent cryptocurrency exchange that has continually evolved to accommodate the changing dynamics of the financial technology sector. Recently, there has been considerable speculation regarding Coinbase’s plans to expand…
-
Bitcoin Price Skyrockets to $99.5K Shortly After Historic Outflow from Bitcoin ETF
In recent news, the surge in Bitcoin purchases spearheaded by popular cryptocurrency exchange Coinbase has propelled the price of BTC towards the significant milestone of six figures. This development has captured the attention of investors and analysts alike, drawing renewed interest in the cryptocurrency market and its potential for high returns. The crypto market is…
-
Comparison of Crypto Businesses: Coinbase and BiT Global in $1 Billion wBTC Dispute
This week’s edition of Crypto Biz delves into a range of significant developments within the cryptocurrency and blockchain space. From Coinbase’s controversial decision to delist wrapped Bitcoin (wBTC) to Deutsche Bank’s foray into blockchain technology, these events underscore the evolving landscape of digital assets and decentralized financial systems. Coinbase, one of the world’s leading cryptocurrency…
-
BiT Global’s Legal Challenge Fails, wBTC Delisting Remains
Judge Martínez-Olguín recently presided over a crucial court case regarding the delisting of Wrapped Bitcoin (wBTC) by Coinbase, a leading cryptocurrency exchange. The case centered around BiT Global and their attempts to prevent Coinbase from removing wBTC from its platform. Judge Martínez-Olguín’s ruling, which ultimately sided with Coinbase, highlighted the importance of concrete justifications in…
-
Coinbase Responds to BiT Global Lawsuit Following WBTC Delisting
Coinbase recently made the decision to delist Wrapped Bitcoin (WBTC) from its platform, a move that has sparked significant industry debate and speculation. The prominent cryptocurrency exchange explained its rationale for the delisting by pointing to concerns surrounding the ownership structure of BiT Global, the entity responsible for issuing the WBTC token, as well as…
-
Miggles from Coinbase to Lead purrLabs’ Inaugural Creator Fund with Furry Charm
Coinbase, a prominent cryptocurrency exchange based in San Francisco, California, has recently authorized purrLabs, Inc., an innovative Web2/Web3 entertainment company, to launch a new Creator Fund centered around the popular Mr. Miggles brand. The decision, announced on December 16th, 2024, marks a significant collaboration aimed at fostering creativity and supporting creators in the emerging digital…
-
Judge Rules Coinbase Must Face Shareholder Lawsuit Regarding SEC Risks
A recent development in the financial industry involves Coinbase, the largest cryptocurrency exchange in the United States, facing a potential class action lawsuit by shareholders. According to a report by Reuters on September 6, a federal judge has rejected Coinbase’s attempt to dismiss the lawsuit. The legal action centers around allegations that Coinbase failed to…
-
Coinbase’s 2023 Revenue Surpasses $3.1 Billion, Q4 Contributes One-Third of Total
Coinbase, one of the major cryptocurrency exchanges in the United States, recently released its financial report for the fourth quarter and full year of 2023. The report revealed impressive figures, highlighting the exchange’s strong performance and financial health. In the fourth quarter of 2023 alone, Coinbase reported a net income of $273 million, demonstrating a…
-
Collaboration between Ledger and Coinbase enables direct purchase of cryptocurrencies for cold storage
Leading self-custody wallet provider, Ledger, has recently announced a collaboration with Coinbase, a well-known cryptocurrency exchange platform. The aim of this partnership is to improve accessibility for self-custody users who wish to purchase cryptocurrencies. The integration of Coinbase Pay into Ledger Live is set to simplify the crypto purchasing process and broaden access for new…
-
Coinbase Resumes Access to Debt Box Assets amidst SEC Controversy
Coinbase recently made the decision to unfreeze the assets of Debt Box following a discovery of discrepancies in the Securities and Exchange Commission’s (SEC) representation of its case against the firm. The move comes after Paul Grewal, Coinbase’s chief legal officer, exposed the flawed actions of the SEC in a social media post on February…
-
Coinbase Assures Extensive Preparation for Spot Bitcoin ETF in Custodial Arm
Coinbase Custody Ensures Preparedness for Spot Bitcoin ETFs In anticipation of the impending approval of spot Bitcoin Exchange-Traded Funds (ETFs), Coinbase Custody has reportedly made significant adjustments. According to Bloomberg’s report on December 29th, a Coinbase representative stated that the company has extensively prepared for ETF approval by reinforcing its systems to handle the anticipated…
-
France grants Coinbase virtual asset service provider status
Coinbase, one of the leading cryptocurrency exchanges, has recently announced its registration to provide cryptocurrency services in France. This development comes after the company received virtual asset service provider (VASP) approval from France’s Autorité des marchés financiers (AMF), granting it permission to operate within the country. This move by Coinbase highlights the growing acceptance and…
-
Bitcoin stagnates while crypto stocks surge
Crypto Stocks Show Resilience as Bitcoin Stalls In a surprising turn of events, major crypto-focused companies outperformed Bitcoin during Asian trading hours at the beginning of the week. Despite Bitcoin’s lackluster performance, shares of these crypto companies managed to rally, indicating resilience in the market. Notably, Coinbase, the largest US-based exchange, saw its stock (COIN)…
-
Coinbase Prepares for New Lawsuit as Two SEC Commissioners Dissent Following Denial of Petition
Coinbase, one of the leading cryptocurrency exchanges, is reportedly preparing to take legal action against the U.S. Securities and Exchange Commission (SEC) over allegations that the regulatory body has evaded its responsibilities. This move comes in response to the SEC’s refusal to grant Coinbase’s request for the establishment of specific regulatory rules for cryptocurrency transactions,…
-
SEC rejects Coinbase’s request for updated regulations on cryptocurrency assets
On December 15, the U.S. Securities and Exchange Commission (SEC) made an important decision regarding the cryptocurrency exchange Coinbase’s request for the development of new rules for digital asset securities. In a response letter to Coinbase, the SEC stated that it deemed the requested rulemaking to be currently unwarranted and subsequently denied the petition. Coinbase’s…
