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 […]
BREAKING: Coinbase users experience zero account balances amid Bitcoin surge
Coinbase, a prominent U.S.-based cryptocurrency exchange, faced technical issues that led to some customers seeing their account balances drop to $0. This glitch occurred hours after Bitcoin experienced a notable rally, briefly surpassing the $60,000 mark for the first time since Nov. 2021. The cryptocurrency went on to approach $64,000 before it quickly retreated back […]
Kraken streamlines crypto services for institutional investors
Kraken, a leading global cryptocurrency exchange, has unveiled a new platform for institutional clients. This development underscores Kraken’s strategic initiative to streamline its existing offerings into a unified suite for institutional investors, including spot exchange, derivatives trading, qualified custody, and indices. Tim Ogilvie, the global head of Kraken’s institutional business, emphasized that consolidating these services […]
Coinbase launches new feature for recovering assets sent to BNB Chain and Polygon
Coinbase, a leading crypto exchange, has introduced a new feature allowing users to recover assets mistakenly sent to the platform’s unsupported blockchains, such as BNB Chain and Polygon. According to the announcement on Feb. 27, users looking to reclaim their lost assets only need to provide a transaction ID and the inbound Coinbase wallet address, […]
Grayscale offloads additional $175 million Bitcoin on Coinbase
In the cryptocurrency industry, one recent move has grabbed the spotlight with the subtlety of a whale making a splash. Grayscale, a heavyweight in digital asset management, has executed a move that’s turned heads and furrowed brows in equal measure. They’ve offloaded a staggering 3,443.1 BTC, a transaction with an estimated value of around $175 […]
Coinbase denies claims of receiving any directives from the Nigerian government
Amidst swirling rumors and speculations, Coinbase, one of the leading cryptocurrency exchanges, has refuted claims of receiving any directives from the Nigerian government to restrict its citizens’ access to its platform. The rebuttal came directly from Coinbase CEO Brian Armstrong, who stated via the social media platform X that there had been no communication or […]
Coinbase advocates for SEC nod on Ethereum ETF listing
Coinbase has publicly urged the Securities and Exchange Commission (SEC) to approve listing Grayscale’s proposed spot ether ETF. Paul Grewal, Coinbase’s Chief Legal Officer, took to the social media platform X to announce the company’s formal response to the SEC’s request for comments. Coinbase’s submission detailed the legal, technical, and economic justifications supporting the approval […]
SEC crypto unit leader departs for private sector following Coinbase litigation
Ladan Stewart, known for her role as a leading anti-crypto lawyer at the Securities and Exchange Commission (SEC), has transitioned to the private sector. Stewart, who has been at the forefront of the SEC’s Crypto Assets and Cyber Unit, is set to enhance the crypto and cyber defense practice at international law firm White & […]
$1B Bitcoin Exodus from Coinbase sparks market frenzy
Bitcoin ($BTC) whales, referring to investors holding substantial amounts of the crypto, have recently withdrawn over $1 billion worth of Bitcoin from Coinbase, one of the largest crypto exchanges globally. This significant movement of funds has sparked speculation within the crypto community and financial markets. The withdrawal of such a substantial amount of Bitcoin from […]
Bitcoin holdings on Coinbase drop to 9-year low amid $1B withdrawal
Bitcoin holdings on the Coinbase exchange have plummeted to their lowest point in nine years. This notable decrease comes as large-scale investors, often called “whales,” have withdrawn approximately 18,000 Bitcoin, valued at nearly $1 billion, from the platform. The transfers, which occurred over a recent weekend, varied in value from $45 million to $171 million. […]
Coinbase commerce drops Bitcoin and UTXO coins
Coinbase has announced the discontinuation of native Bitcoin and other Unspent Transaction Output (UTXO) based cryptocurrencies on its merchant payment platform, Coinbase Commerce. The decision, revealed by the company’s Head of Product, Lauren Dowling, comes amidst challenges in integrating Bitcoin into the platform’s recent updates. Coinbase shifts away from Bitcoin payments Coinbase Commerce, known for […]
Coinbase removes native Bitcoin support from Coinbase commerce
Coinbase, a leading cryptocurrency exchange, has recently made the decision to eliminate support for native Bitcoin (BTC) and other UTXO (Unspent Transaction Output) coins from its payment platform for merchants, Coinbase Commerce. This move, announced by the company’s head of product, Lauren Dowling, has sparked discussions and raised concerns within the cryptocurrency community. Background and […]
Coinbase dominates Bitcoin ETF custody with 90% asset management
Coinbase has once again solidified its position as a leading force in the cryptocurrency market. The company recently disclosed its fourth-quarter results for 2023, which have been nothing short of impressive, leading to a significant uptick in the price of COIN stock. At the forefront of this achievement is Coinbase Custody’s command over the Bitcoin […]
Circle and Coinbase call for stricter oversight of Tether amid allegations
The cryptocurrency industry has seen increased scrutiny from regulatory bodies and competitors, with Tether, a leading stablecoin issuer, finding itself at the center of controversy. As discussions on regulatory compliance and anti-money laundering (AML) efforts intensify, representatives from Coinbase and Circle have highlighted the need for stricter oversight of international digital asset firms, including Tether, […]
Bitcoin developers gifted nearly $4m by Coinbase
Coinbase has stepped forward with a hefty $3.6 million contribution to Bitcoin developers. This contribution was made through Brink, a nonprofit organization, known for its commitment to nurturing talent within the Bitcoin blockchain ecosystem. The donation was made without any preconditions, earmarked to bolster the efforts of engineers dedicated to enhancing the Bitcoin blockchain’s open-source […]
Coinbase reports Surge in Q4 revenue amid market volatility
Coinbase, a leading U.S.-based cryptocurrency exchange, has announced a significant uptick in its transaction revenue for the fourth quarter of 2023. The company disclosed in a letter to shareholders an 83% increase from the preceding quarter, with figures reaching $529 million. This surge is attributed to heightened levels of market volatility and an upward trend […]
Coinbase CLO Paul Grewal urges WSJ correction amid Hamas crypto clarification
In the wake of recent statements from U.S. Treasury officials dispelling allegations of Hamas involvement in terrorism via cryptocurrency financing, Coinbase’s Chief Legal Officer (CLO), Paul Grewal, is urging the Wall Street Journal (WSJ) to rectify its reporting. The call for correction follows the Treasury’s affirmation that Hamas has not been engaged in illicit financing […]
Coinbase stock soars pre-earnings on JPMorgan’s rating boost
The buzz around Coinbase’s stock could hardly be missed as it leapt by 6% in the morning hours of February 15th, a surge attributed not just to an uptick in token prices but significantly bolstered by a nod of approval from JPMorgan analysts. This isn’t just any day on the trading floor; it’s a testament […]
Coinbase reports impressive Q4 earnings
In a significant turn of events, the renowned cryptocurrency exchange Coinbase witnessed a remarkable surge of 12.7% in its shares during after-hours trading. Its fourth-quarter earnings report prompted this surge, which surpassed Wall Street’s expectations and showcased a resilient performance amidst a dynamic market landscape. Coinbase’s fourth-quarter net revenue soared to an impressive $905 million, […]
ARK Invest adjusts portfolio, sells Coinbase and Robinhood shares
ARK Invest, the investment firm renowned for its focus on innovation led by Cathie Wood, has significantly changed its portfolio by selling shares of major cryptocurrency-related companies. On February 14, the firm sold 214,068 shares of Coinbase (COIN) and 119,394 shares of Robinhood (HOOD) from its Exchange-Traded Funds (ETFs), marking its first major cryptocurrency-related stock […]
Coinbase shares surge amidst strong Q4 revenue expectations
Shares of leading cryptocurrency exchange Coinbase have soared by 37% over the past week, reflecting a bullish trend alongside Bitcoin’s recent surge. Analysts anticipate robust performance for the firm as it prepares to announce its fourth-quarter results, with consensus predicting a substantial revenue boost. Anticipated Q4 performance Analyst consensus suggests a notable increase in Coinbase’s […]
Spot Bitcoin ETFs experience epic inflow surge, triggering explosive rally to $60K – Are you missing out?
In recent financial news, the emergence of Spot Bitcoin Exchange-Traded Funds (ETFs) has significantly impacted the crypto market. These ETFs, designed to track the price of Bitcoin directly, have garnered substantial attention due to their accessibility and convenience for traditional investors. Notably, there has been a remarkable development where Spot Bitcoin ETFs experienced their largest […]
Coinbase advocates for blockchain to revive penny’s value
Coinbase, a leading cryptocurrency exchange, has launched a new advertising campaign suggesting that transitioning the United States dollar to a blockchain could revitalize the utility of billions of pennies. This initiative coincides with National Lost Penny Day, celebrated on February 12, which aims to honor the penny’s creation and encourage Americans to retrieve lost pennies […]
Kraken sets sights on crypto ETF custody amid Ethereum ETF buzz
In a significant move that underscores the escalating competition within the cryptocurrency exchange and custody sector, Kraken, the United States’ second-largest crypto exchange, is reportedly setting its sights on entering the burgeoning market for crypto ETF custodianship. This strategic pivot comes from Coinbase’s successful foray into serving as a custodian for most of the newly […]
Coinbase launches Ad campaign urging digitization of U.S. penny
Coinbase, the prominent cryptocurrency exchange, has rolled out a bold ad campaign advocating for the digitization of the U.S. penny, featuring an animated rendition of former President Abraham Lincoln. This initiative coincides with National Lost Penny Day, observed annually on February 12th, which commemorates the creation of the penny while encouraging Americans to retrieve lost […]
California crypto owners set to influence 2024 elections, Coinbase reports
United States-based cryptocurrency exchange Coinbase highlighted the potential political impact of cryptocurrency owners in California ahead of the 2024 elections. Leveraging data from Morning Consult, Coinbase revealed that approximately 27% of Californians, equivalent to 8.2 million people, currently own cryptocurrency. This demographic’s policy and political leadership preferences could significantly influence future elections, particularly given their […]
Coinbase faces legal scrutiny over alleged mishandling of customer assets
Coinbase, a leading cryptocurrency exchange, is under intense scrutiny following allegations of mishandling customer assets. Fred Rispoli, an attorney at HODL Law firm, has criticized the exchange for purportedly converting customer assets, specifically Songbird’s SGB tokens, to its control. Rispoli likened this alleged action to the unauthorized conversion of customer property, sparking discussions about token […]
Hacker allegedly gains access to law enforcement tool to target user data on Discord, Binance, Coinbase
An online hacker claims to have gained access to KodexGlobal, a law enforcement request account for securing communications between law enforcement agencies and regulators. This breach risks users’ personal data across various online platforms, including major cryptocurrency exchanges like Binance and Coinbase, as well as social media and communication services such as LinkedIn and Discord. […]
Coinbase cuts costs for top crypto traders
Coinbase, a major player in the cryptocurrency exchange arena, is taking a bold step to rejuvenate its lagging institutional business. The company announced an aggressive fee reduction strategy aimed at attracting high-volume traders. This strategic move marks a significant shift in the company’s approach to handling its professional market clientele. In a shrewd play, Coinbase […]
Coinbase and Ripple fuel PAC for crypto-friendly US policy
In a significant move ahead of the U.S. elections, major players within the cryptocurrency industry, including Coinbase, Andreessen Horowitz (a16z), Electric Capital, and Ripple, have collectively funneled tens of millions of dollars into the Fairshake political action committee (PAC). Their collective goal is to support candidates favorable towards the crypto sector, aiming to influence U.S. […]
Coinbase Reinforces Advisory Board with Former UK Chancellor Amid Regulatory Challenges
In a strategic move aimed at fortifying its position amidst ongoing legal disputes, cryptocurrency exchange Coinbase has announced the appointment of George Osborne, a prominent figure and former UK Chancellor, to its board of advisors. The significant appointment comes as Coinbase grapples with a series of lawsuits and navigates through complex regulatory waters, particularly with […]
Ripple’s SEC battle gains edge with Revak case reference
In the ongoing legal tussle between the Securities and Exchange Commission (SEC) and prominent cryptocurrency entities like Ripple Labs and Coinbase, recent developments have shed light on significant legal interpretations that could influence the outcome of these cases. A key aspect of this legal dialogue is the relevance of a historical case, Revak v. SEC […]
Large Bitcoin Transfers to Coinbase Institutional Raise Market Speculation
In a recent development that has set the cryptocurrency world abuzz, massive Bitcoin transfers have been spotted heading to Coinbase Institutional from anonymous wallets, totaling over $900 million. Whale Alert, a renowned cryptocurrency tracker, has reported these four substantial transactions, totaling 9,783, 1,100, 3,000, and 7,798 Bitcoins, creating waves of speculation about institutional activity within […]
Coinbase’s Base falls short in 2023 user acquisition compared to blockchain rivals
Coinbase’s Base, a layer-2 Ethereum scaling solution, marked its presence in 2023 but did not reach the level of user adoption seen by its contemporaries. Comparative user growth A recent study by Web3 analytics firm Flipside Crypto revealed that Base garnered just under two million users in 2023. This figure is modest compared to the […]
Binance lawsuit spotlights SEC’s inconsistent crypto arguments
In a recent legal hearing involving Binance, the U.S. Securities and Exchange Commission (SEC) faced criticism for its stance on cryptocurrencies. The SEC’s assertion that certain crypto assets embody investment contracts has sparked a debate in the cryptocurrency community, leading to accusations of inconsistency in the regulator’s legal argument. Binance, SEC clash over cryptocurrency regulations […]
Coinbase stock stumbles over Bitcoin ETF woes
Coinbase, the celebrated crypto exchange, is finding itself in rough waters. The once sky-high stock is now grappling with the unforeseen repercussions of the Bitcoin ETF revolution. JPMorgan’s recent downgrade of Coinbase to ‘underweight’ from ‘neutral’ with a steadfast price target of $80, highlights the emerging challenges. Despite a staggering 390% surge last year, Coinbase’s […]
Coinbase criticizes US Treasury’s proposed rules on crypto mixing
Cryptocurrency exchange Coinbase has voiced strong concerns over the US Treasury’s proposed regulations regarding crypto mixing, stating that they fail to address regulatory gaps adequately and impose unnecessary data and resource burdens on crypto platforms. Coinbase’s response to proposed rules In a formal comment submitted to the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), Coinbase […]
