Coinbase gets $24.5 Million Ethereum transfer from Celsius Network
Celsius Network, a crypto lending platform, recently transferred $24.5 million of Ethereum (ETH) tokens to a well-known cryptocurrency exchange, Coinbase, at an average price of $3,022 per ETH. This has become one of the most substantial transfers in the industry. Celsius Network’s strategy for financial recovery Highlighted by the leading blockchain analytics firm Spot On […]
Coinbase challenges SEC on investment contract definition
Coinbase filed a preliminary appeal against the U.S. Securities and Exchange Commission (SEC). The appeal poses the question of how the SEC construes “investment contract” within the digital asset context. The appeal is made in order to obtain an authoritative court decision that would help define the regulatory environment for cryptocurrencies in the US. Bill […]
Coinbase Challenges SEC in Court Appeal Over Cryptocurrency Regulation
Coinbase has managed to resubmit a forthright appeal to a court order that brought about a freedom of action to the Securities and Exchange Commission (SEC) for pursuing its lawsuit against the cryptocurrency exchange. The focus of this appeal is on the determination of whether digital currency transactions have to be considered contracts of investment […]
So what, is Coinbase scamming its customers now?
Venture investor Marc Weinstein has aired his frustrations on Twitter, targeting Coinbase over its KYC policy which has caused him a huge financial loss. Gather around, guys. Here’s the scoop. So on March 19, Weinstein engaged in two trades, not for long-term holds, but quick gains. Just a week later, these trades were racking up […]
Coinbase Enhances UK Crypto Adoption with Apple Pay Integration
In an effort by Coinbasse to advance crypto adoption in the UK, they have integrated ApplePay. What this means is now individuals in the UK will have a secure and convenient way to purchase Bitcoin, Ether, and other cryptocurrencies through their iPhone’s Apple Pay feature. Source: Coinbase Simplifying crypto transactions This effort by Coinbase is […]
Coinbase CLO Paul Grewal advocates for stablecoin regulation ahead of senate banking trial
Coinbase CLO Paul Grewal urges stablecoins to be regulated prior to a Senate Banking Committee hearing on illegal finance, terrorism, and sanctions evasion. Grewal stated on X that legislation is vital and said Deputy Secretary Wally Adeyemo’s testimony before the Senate was essential. Grewal suggests that stablecoin legislation is required to tackle the tiny percentage […]
Coinbase shares opinion on the upcoming Bitcoin halving
Traders in the cryptocurrency market have been anticipating the upcoming halving since the beginning of the year. This is down to the fact that every halving comes with a promise of a price surge. With Bitcoin recently hit a new all-time high price, Coinbase believes that it has obstacles to overcome after the halving. The […]
Coinbase hit with revived lawsuit over unregistered digital assets
The 2nd US Circuit Court of Appeals allowed the class action suit against Coinbase to continue. In this complaint, the cryptocurrency exchange is being sued for selling or soliciting 79 digital assets that have not registered with the US Securities and Exchange Commission (SEC). However, the designated court confirmed Judge Paul A. Engelmayer’s initial arrest […]
Coinbase wins in legal battle over its crypto transactions
Coinbase just scored a big one, boys. The U.S. Court of Appeals for the Second Circuit just handed the nation’s largest cryptocurrency exchange an uncharacteristic legal win. They said, loud and clear, that Coinbase has not and is not violation any Securities Exchange Act’s laws with its secondary crypto sales. Breaking down the ruling Allow […]
Binance and SEC close to settlement after discovery phase
The legal battle between the U.S. Securities and Exchange Commission (SEC), Binance (and its American arm), and its founder, Changpeng “CZ” Zhao, is about to enter a critical region. Both sides on the defensive are closing in on the discovery and depositions stage. This joint report that they submitted to the court today indicates that […]
Canadian Regulatory Licence Secured By Coinbase
Coinbase, a huge crypto based company from the United States, has just made a shocking development in Canada. They’ve just secured a special license. This license is a great step in their growth and shows they’re serious about following the rules, especially when there’s a lot of attention on regulations back home. Getting the green […]
Coinbase Institutional Arm to Launch Perpetual Futures Contracts for Ordinals and Worldcoin
Coinbase has shown a relatively new way to proceed, indicating that the institutional domain will be a channel for Worldcoin being led to. It revolutionizes the design of perpetual future contracts, expands the crypto derivatives market’s spectrum, and makes it more multilateral. The implementation is about granting the specific market professionals the trading opportunity to […]
U.S. transfers $2b in Bitcoin from Silk Road to Coinbase
The U.S. government has kicked up a storm by transferring a whopping $2 billion worth of Bitcoin, originally nabbed from the notorious Silk Road, over to Coinbase. This transaction is a massive wave making its way through the crypto community, and here’s the lowdown on how it went down. Let’s cut to the chase. We’re […]
How Coinbase’s legal roadblock might affect the crypto industry
Let’s cut to the chase. The crypto industry just got hit with a bombshell that’s got everyone from day traders to big-time execs sweating bullets. The heart of the matter? A U.S. court just gave Coinbase, a giant in the crypto playground, a hard no on their attempt to swat away the SEC’s lawsuit. This […]
Massive USDC inflow to Coinbase boosts confidence in Bitcoin and Ethereum
Coinbase, an outstanding cryptocurrency exchange, received $1.4 billion, the USDC stablecoin backed by the USA dollars and Circle issued. This deal has kept the process of cryptocurrency currency brainstorming, as for the majority, it is considered a clear indication of investors’ readiness to invest their money in this domain of digital finance. Analysts now speculate […]
Coinbase wallet victory sparks debate on crypto regulation
The decision is regarded as a win for self-custody wallets and decentralized finance (DeFi) applications. The ruling was made by U.S. District Judge Katherine Failla on March 27, stating that the Securities and Exchange Commission (SEC) had failed to prove that Coinbase Wallet was engaged in broker activities. This judgment provides a ray of hope […]
Coinbase faces setback in legal battle against SEC
In the latest intervention, Judge Failla from SDCNY denied operator Coinbase’s motion to dismiss the tussle between Coinbase and the regulatory body, the Securities and Exchange Commission (SEC). SEC maintains that Coinbase has acted as an unlicensed and unregistered exchange, broker, and clearing agency. Coinbase SEC checks its Staking Program to further check these activities, […]
So, the SEC just got a win against Coinbase – What do we do now?
Hey! Wake up and smell the legal documents because the SEC just scored a victory against Coinbase, and it is a big blow for all of us. Yes. Sad day indeed. This landmark decision might just shake the very foundations of how crypto platforms operate in the United States. Unpacking the Legal Document So here’s […]
Base to host more Coinbase USDC assets amid growth surge
The communication was from Max Branzburg, vice president of product of Coinbase, through an X post on the 27th of March. The announcement came from Max Branzburg, Coinbase’s vice president of product, via an X post on March 27. He pointed out the benefits of lower fees and faster settlement periods. This strategic change is […]
Trading activity on Coinbase International hits new heights with $6.23B record
March has witnessed a substantial surge in daily trading volumes on Coinbase International Exchange, with the figures only falling below the $1 billion mark on five occasions throughout the month. This trend marks a significant uptick compared to the exchange’s previous performance, culminating in a record-breaking daily trading volume of $6.23 billion last Wednesday. Exclusively […]
Coinbase’s Base network doubles the total value locked in less than a month
Coinbase’s Base network, a prominent Ethereum layer-2 solution, has witnessed a meteoric rise in its total value locked (TVL) in recent weeks, doubling from $1 billion to $2.13 billion in just 25 days. This significant surge in TVL underscores Base’s growing prominence within the cryptocurrency ecosystem and its potential to become a key player in […]
Gary Gensler criticizes crypto platforms for avoiding SEC regulations
Gary Gensler, the Chairman of the U.S. Securities and Exchange Commission (SEC), addressed the compliance challenges within the cryptocurrency industry during a speech at Columbia Law School on Friday. During the speech, Gensler emphasized that certain participants in the crypto securities market are attempting to circumvent the SEC’s established disclosure regime. This regime mandates the […]
Coinbase surge triggers ARK Invest’s $52M profit-taking move
ARK Invest, led by Cathie Wood, has recently made significant moves in its investment portfolio, selling off a substantial portion of its holdings in Coinbase amid a surge in the stock’s price. ARK divested 199,526 Coinbase shares from its exchange-traded funds (ETFs), totaling approximately $52.3 million based on Coinbase’s closing price that day. ARK profit-taking […]
Compass Coffee and Coinbase Stir the Pot: A Leap Towards Crypto Payments
Compass Coffee, a distinguished coffee chain with a strong presence in Washington D.C., has embarked on a novel partnership with Coinbase, the leading cryptocurrency exchange in the United States. The collaboration heralds a significant shift in the retail landscape, positioning Compass Coffee as the first cafe in the D.C. area to accept cryptocurrency, specifically USDC, a […]
Coinbase’s Base network struggles with surge in traffic and rising fees
Coinbase’s layer-2 blockchain, Base, designed to facilitate lower-fee transactions on the Ethereum network, is currently grappling with a surge in network activity. The increased demand has led to heightened traffic and rising transaction fees, causing disruptions for some users. An official statement on the Coinbase status page revealed that the Base Mainnet is dealing with […]
Coinbase gains industry support in legal fight against SEC
In a significant show of solidarity, various U.S. businesses and crypto industry stakeholders have united in support of Coinbase‘s legal challenge against the Securities and Exchange Commission (SEC). This development follows the SEC’s rejection of Coinbase’s request for clear rulemaking regarding the application of securities laws to digital assets. Entities such as Paradigm Operations LP, […]
Coinbase unveils $1B convertible notes offering for institutional investors
Coinbase announced on Tuesday its plan to offer $1 billion in convertible notes targeted at institutional investors, set to mature in 2030. The cryptocurrency exchange platform also intends to provide an option for the initial buyers to purchase up to an additional $150 million in notes to cover over-allotments. This offering aims to convert the […]
Coinbase to raise $1B through convertible bonds to capitalize on cryptocurrency boom
Coinbase, the leading cryptocurrency exchange in the United States, has announced its plan to raise $1 billion through the sale of convertible bonds. This move aims to leverage the recent surge in digital asset prices, allowing the company to bolster its financial position without resorting to an equity sale that could potentially dilute existing shareholders’ […]
Coinbase continues legal battle with SEC over crypto regulation
In an ongoing legal tussle between cryptocurrency exchange Coinbase and the United States Securities and Exchange Commission (SEC), Coinbase has escalated its fight by petitioning a court to compel the SEC to initiate rulemaking for the crypto industry. The exchange has accused the SEC of violating the Administrative Procedures Act (APA) by denying its request […]
Coinbase appeals SEC rulemaking denial in landmark case
Coinbase has initiated a formal appeal against the United States Securities and Exchange Commission (SEC). This move comes after the SEC denied Coinbase’s petition for rulemaking in the digital asset space. Paul Grewal, Coinbase’s Chief Legal Officer, expressed dissatisfaction with the SEC’s response. He criticized the regulator for its lack of clear reasoning and for […]
Coinbase and Grayscale in talks with SEC on Spot Ethereum ETF rule change
Coinbase and Grayscale have been knocking on the SEC’s door, pitching a game-changer for the Ethereum market. They are pushing the boundaries of what’s possible in the world of finance with a spot Ethereum exchange-traded fund (ETF). After the dust settled on the spot Bitcoin ETF celebrations, Grayscale and Coinbase decided it was Ethereum’s turn […]
Goldman Sachs upgrades Coinbase to Neutral amid bitcoin surge
Goldman Sachs recently adjusted its evaluation of Coinbase (COIN), elevating its rating to neutral from a previous sell stance. This revision followed a notable surge in Bitcoin’s value, reaching new heights, alongside a remarkable increase in daily trading volumes on the exchange, levels not observed since 2021. Additionally, Goldman Sachs raised its price target for […]
Coinbase’s talent acquisition approach lauded by Solana founder
Anatoly Yakovenko, the co-founder of Solana, has publicly praised Brian Armstrong, the CEO of Coinbase, for his innovative approach to hiring practices. This commendation comes in light of Coinbase’s new policy, which necessitates the approval of either the CEO or COO for every new hire. Yakovenko’s acknowledgment on social media underscores the significance of leadership […]
Flash crash on Coinbase sends Bitcoin/Euro tumbling
Bitcoin’s value against the euro took a dramatic downturn on Coinbase, dropping 23.7% amid a volatile trading period. This decline came just after the cryptocurrency reached a new U.S. dollar high of $69,325. The price briefly fell to €48,529 from €60,000 on Coinbase, contrasting with the smaller dip observed on Kraken, where the price dipped […]
Shiba Inu tops $1.7 billion on Coinbase despite price drop
Shiba Inu (SHIB) prices experienced a dramatic drop of 50% on the U.S. exchange Coinbase during the early hours of Tuesday morning. This plunge saw SHIB tokens nosediving from $0.000044 to $0.000022 before swiftly reverting to normal levels. The sudden price swing occurred amidst a broader sell-off in major tokens led by Bitcoin (BTC). Coinbase […]
Coinbase users still left in limbo – What even is going on?
Let’s say you’re chilling, maybe sipping on something cold or hot, depending on your vibe, and you decide to check your Coinbase account. You’re expecting to see your crypto treasure trove, but instead, you’re greeted with a big, fat zero. Yes, zeroes across the board where your stash should be. And it’s not just you; […]
U.S. Court rules on crypto assets as securities in Coinbase insider trading case
A U.S. court has ruled that trading certain cryptocurrency assets on secondary markets, such as Coinbase, qualifies as securities transactions. This decision emerged from an insider trading case involving former Coinbase product manager Ishan Wahi, his brother Nikhil Wahi, and their associate Sameer Ramani. According to the court’s judgment, the crypto assets in question meet […]
Coinbase challenges SEC ruling on insider trading allegations
In the evolving legal confrontation between Coinbase and the Securities and Exchange Commission (SEC), Coinbase’s Chief Legal Officer, Paul Grewal, has voiced skepticism regarding the value of a recent default judgment by a federal judge. This judgment is part of a broader case alleging insider trading by a former Coinbase employee and his associates. Grewal […]
Coinbase Innovates with Smart and Embedded Wallets for Web3 Developers
Coinbase, a leading cryptocurrency exchange, has been making significant strides in enhancing its wallet-as-a-service offerings by introducing two new innovative wallet solutions aimed at simplifying the development of Web3 applications. These new features, designed with keeping developers in mind, focus on seamless integration and efficient balance transfer across Ethereum Virtual Machine (EVM) compatible applications, marking […]
Crypto market highlights at the start of March 2024 – All you need to know
The crypto market at the beginning of March 2024 showcases both promising trends and challenges, reflecting its dynamic nature. Despite occasional fluctuations, the overall trend in the crypto market continues to be bullish. Bitcoin, the flagship cryptocurrency, has been leading the charge, with its price surpassing significant milestones. Crypto markets continue the bull run Coinbase’s […]
