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 […]
Coinbase Legal Chief challenges US GAO report on crypto sanction evasion
Paul Grewal, the Chief Legal Officer at Coinbase, has publicly voiced his concerns regarding a recent report by the United States Government Accountability Office (US GAO). This report, published on December 13, 2023, and followed by a federal response on January 16, 2024, discusses the use of digital currencies in evading sanctions. Analyzing the US […]
Bloomberg analyst discusses Coinbase’s chances in SEC lawsuit
Coinbase, a major player in the cryptocurrency space, finds itself embroiled in a legal dispute with the United States Securities and Exchange Commission (SEC). Elliott Stein, a senior litigation analyst at Bloomberg, has expressed a 70% confidence in Coinbase’s potential to secure a full dismissal in this ongoing lawsuit. Bloomberg analysts express optimism about Coinbase’s […]
Coinbase CEO Brian Armstrong supports Dimon’s critical Bitcoin stance
Brian Armstrong, the CEO of Coinbase, has come out in defense of Jamie Dimon, the CEO of JPMorgan Chase, following Dimon’s controversial remarks about Bitcoin. During the World Economic Forum in Davos, Dimon labeled Bitcoin as a “pet rock,” criticizing its legitimacy and utility. Despite the backlash from the crypto community, Armstrong’s support for Dimon’s […]
Low-cost Bitcoin ETFs pose a major threat to Coinbase’s market dominance – What could go wrong?
Coinbase has long stood as a titan, wielding significant influence and market dominance. The advent of low-cost Bitcoin Exchange-Traded Funds (ETFs) has ignited a wave of speculation about their capacity to dethrone Coinbase and alter the crypto investment landscape. Coinbase and the Battle for the Titans According to analysts, Coinbase Global, the largest publicly traded […]
Coinbase draws a startling parallel: Crypto investments = Beanie Babies obsession?
In the ever-evolving landscape of financial markets, a fascinating parallel emerges that draws a thought-provoking comparison between the current craze for crypto investments and the ubiquitous Beanie Babies obsession of the late 1990s. Coinbase, a leading platform for crypto trading, has become a focal point in this analogy as investors and enthusiasts navigate the volatile […]
Coinbase challenges SEC’s authority in court hearing
Coinbase, one of the leading cryptocurrency exchanges, faced off against the United States Securities and Exchange Commission (SEC) in a pivotal legal showdown in a New York court. The hearing centered around Coinbase’s motion to dismiss the SEC’s lawsuit, which was filed on June 6, 2023, alleging violations of federal securities laws. This legal battle […]
Stuart Alderoty commends Coinbase in SEC regulatory dispute
Stuart Alderoty, the senior legal counsel at Ripple, has recently supported Coinbase’s legal team, led by Paul Grewal, in their ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). This commendation arrives as Coinbase endeavors to dismiss a significant lawsuit brought by the SEC, which has become a pivotal case in cryptocurrency regulation. […]
Coinbase CLO challenges SEC’s authority in crypto case
In a recent development in the legal standoff between Coinbase and the Securities and Exchange Commission (SEC), Paul Grewal, the Chief Legal Officer of Coinbase, has openly challenged the SEC’s claim of broad authority over investments. Amid intensifying discussions about cryptocurrency regulation, this case has garnered significant attention, with implications that could shape the future […]
Coinbase takes spotlight in Bitcoin ETF arena
Coinbase’s recent surge into the limelight with the launch of U.S. spot-Bitcoin Exchange-Traded Funds (ETFs) is nothing short of a financial spectacle. This event marks a significant milestone in cryptocurrency’s journey towards mainstream acceptance. However, this golden opportunity also brings with it a myriad of challenges and risks, both for the company and its business […]
Coinbase partners with Yellow Card to expand into African markets
Coinbase, the prominent US-based cryptocurrency exchange, has announced a strategic partnership with Yellow Card, a key player in the African stablecoin market. This collaboration marks a significant step in Coinbase’s expansion strategy, focusing on establishing a foothold in 20 African countries. The alliance aims to provide millions of access to prominent dollar-pegged crypto assets like […]
Coinbase’s fate rests entirely on spot Bitcoin ETF approval
The stakes have never been higher for Coinbase, the crypto trading platform that, against all odds, became the financial dark horse of 2023. With a staggering 400 percent surge in stock price, the exchange didn’t just beat the odds; it set a new standard, outshining even Nvidia’s impressive 249 percent gain. But what’s the secret […]
Bitcoin ETF future uncertain amidst Coinbase-SEC legal battle
Spot Bitcoin Exchange-Traded Fund (ETF), a simmering dispute between the U.S. Securities and Exchange Commission (SEC) and Coinbase, the largest cryptocurrency trading platform, threatens to complicate matters. This contention stems from the SEC’s lawsuit last June, accusing Coinbase of functioning as an unregistered exchange, broker-dealer, and clearinghouse. This breach of trust could become a significant […]
Coinbase is seeking an EU MiFID License to Broaden Derivatives Access
Coinbase, a leader in the cryptocurrency exchange domain, has consistently been at the forefront of expanding economic freedom, aiming to impact over a billion lives globally. In a significant stride towards the goal, Coinbase is diligently working on a strategic expansion plan, focusing on building the most trusted and compliant products and services in the […]
ARK Invest continues to offload its Coinbase stocks
ARK Invest, under the stewardship of the ever-dynamic Cathie Wood, has once again made headlines. This time, it’s for offloading a whopping $25 million worth of Coinbase (COIN) shares as of January 3, amidst a 3% drop in the stock to $152.24. This isn’t a one-off event; since December 2023, ARK has divested over $125 […]
Coinbase introduces New Compliance Measures for UK users
Coinbase has mandated that its UK users undertake a new compliance process. This measure is a direct response to the Financial Conduct Authority’s (FCA) impending financial promotions regulations, set to come into effect on January 8. The exchange has communicated through emails that users must identify their investor type and complete a risk assessment form. […]
Ark Invest sells more Coinbase shares worth $25.3M
In a recent trade filing, Cathie Wood’s Ark Invest has continued its selling spree of Coinbase Global Inc. shares, disposing of an additional 166,183 shares, valued at approximately $25.3 million, on Wednesday. This move follows a series of recent sell-offs by the investment firm, which have already seen them offload over $200 million of Coinbase […]
SBF trial decision criticized by Coinbase’s top lawyer and RFK Jr
In a significant development in the high-profile case against Sam Bankman-Fried, former CEO of FTX and Alameda Research, U.S. prosecutors have announced their decision not to pursue additional charges against him. The dropped charges include foreign bribery, bank fraud, and illegal political donations. This decision comes after Bankman-Fried’s conviction on seven counts of fraud and […]
Coinbase is all ready for Spot Bitcoin ETF approval
Coinbase, the renowned digital currency exchange, is making strategic moves and shaking up its leadership as it gears up for what could be a groundbreaking development in the crypto world: the approval of Spot Bitcoin ETFs. With a blend of anticipation and calculated preparation, Coinbase is not just waiting for the green light; they’re actively […]
Coinbase leverage limits hit all-time low – Traders in disarray
Coinbase International Exchange, an extension of the renowned U.S.-based Coinbase crypto exchange, has recently announced a significant change in its leverage policy, stirring the crypto trading community. The exchange has decided to cap trading leverage at a mere 10x for its perpetual futures products, a move that marks an all-time low for the platform and […]
ARK Invest dumps Coinbase, goes all-in on Bitcoin futures
ARK Invest, led by the visionary Cathie Wood, has made a significant pivot in its cryptocurrency investment strategy. The firm recently acquired a substantial stake in the ProShares Bitcoin Strategy ETF, commonly known as ‘BITO’. This ETF tracks the price of futures tied to Bitcoin, the world’s preeminent cryptocurrency. The move signifies a deeper commitment […]
Coinbase and crypto heavyweights make record-breaking political donations – What you need to know
Coinbase, as well as Circle and a16z, have joined forces this week, and this has been injecting $78 million into Fairshake and a federal firm PAC, and this grows the capacity for an ultimate contribution. This would enable substantial spending on elections. There has been regular scrutiny of the crypto market that has increased in […]
Crypto giants flex muscles in D.C. with massive political donations
The political landscape of Washington D.C. is witnessing an unprecedented surge in influence from the crypto industry. Major players like Coinbase, stablecoin giant Circle, and a16z, the crypto-focused arm of Andreessen Horowitz, are channeling significant funds into shaping pro-crypto legislation and influencing key political figures. Alongside them are high-profile venture capitalists and digital asset investors, […]
Coinbase responds to Senator Warren’s allegations regarding regulatory influence
Cryptocurrency exchange Coinbase has issued a robust response to Senator Elizabeth Warren’s accusations of hindering cryptocurrency regulation through the employment of former government officials. The exchange, in a letter dated December 22, firmly rejected Sen. Warren’s claims, labeling them a “willful misrepresentation” of Coinbase’s intentions and efforts. Denial of wrongdoing and emphasis on responsible advocacy […]
Coinbase’s bold move to simplify operations in 2024
Coinbase, a leading cryptocurrency exchange, has announced an innovative strategy to enhance operational efficiency. In a recent blog post, CEO Brian Armstrong introduced the ‘Delete Week’ initiative, set to take place from January 8 to January 12, 2024. This bold move is part of the company’s efforts to simplify and streamline its operations by eliminating […]
France gives thumbs up to Coinbase and Circle – What’s next?
In a significant stride for the cryptocurrency sector, France has given the green light to prominent crypto players Coinbase and Circle, indicating a forward-thinking approach to digital assets. The French markets regulator’s approval of Coinbase as a virtual asset service provider (VASP) and Circle’s conditional registration as a Digital Asset Service Provider (DASP) signifies a […]
Coinbase stock saw a massive surge this year
In the dynamic world of cryptocurrency exchanges, Coinbase has emerged as a standout performer in 2023. This year, the company’s stock, COIN, has witnessed an extraordinary surge, outpacing not only its crypto contemporaries but also defying broader market trends. As the year draws to a close, Coinbase’s stock ascension reflects a broader affirmation of the […]
Key 2024 court cases poised to redefine crypto industry
As the cryptocurrency industry navigates through turbulent waters, 2024 is a pivotal year with several major legal decisions on the horizon. These cases range from high-profile lawsuits involving industry giants like Coinbase and Ripple to the legal fate of prominent figures such as Binance’s Changpeng Zhao and FTX’s Sam Bankman-Fried. These rulings are poised to […]
Coinbase CEO Brian Armstrong criticizes US bill on crypto regulation
The cryptocurrency sector is witnessing escalating tensions as Brian Armstrong, CEO of the prominent cryptocurrency exchange Coinbase, openly criticized a bill proposed by U.S. senators Roger Marshall and Elizabeth Warren. The proposed legislation, known as the Digital Asset Anti-Laundering Act, aims to combat the use of cryptocurrencies in criminal financial activities. However, Armstrong and the […]
8 takeaways for retail investors from Coinbase’s 2024 crypto market outlook
Coinbase is taking root in the United States of America and trying international markets after CZ and Binance settled with the DOJ and now the CFTC. With the newly found market growth, Coinbase has released crypto market forecasts for 2024. The crypto entity envisions that institutional flows will remain anchored on Bitcoin through the first […]
Coinbase advances in Singapore with USD SWIFT transfers
Coinbase, a leading cryptocurrency exchange listed on Nasdaq, is making significant strides in Singapore by introducing United States Dollar (USD) transfers for retail customers. By utilizing the SWIFT network, this feature allows users to transfer USD to and from their accounts seamlessly. This development is crucial in bridging the gap between fiat and crypto, particularly […]
Crypto giants pour $80m into pro-crypto US election committee
In a bold move marking a significant intersection between politics and the evolving world of cryptocurrencies, key players in the crypto industry have committed a staggering $78 million to a political action committee (PAC) named Fairshake. This initiative, spearheaded by Ripple CEO Brad Garlinghouse, signals a concerted effort by the crypto community to influence the […]
The crypto week ahead of the weekend market effect – 5 things to know
As the crypto market continues to demonstrate resilience and innovation, staying ahead of the curve is paramount for investors, traders, and enthusiasts alike. Failure to regain the losses over the weekend might bring an end to an eight-week winning streak. A broad-based crypto market sell-off on Monday had an impact, with the total market cap […]
Breaking: Coinbase sues SEC for rejecting its petition
Coinbase, a leading player in the cryptocurrency exchange market, has initiated legal action against the U.S. Securities and Exchange Commission (SEC). This lawsuit comes in response to the SEC’s rejection of Coinbase’s petition for clearer cryptocurrency regulations. This legal battle marks a significant escalation in the ongoing tension between the crypto industry and regulatory authorities, […]
SEC rejects Coinbase’s crypto rulemaking petition
In a striking development that reverberates through the corridors of the crypto industry, the U.S. Securities and Exchange Commission (SEC) has denied a petition by Coinbase Global, the country’s most extensive crypto exchange. Coinbase’s ambitious plea for the creation of new regulatory frameworks tailored for the digital asset sector has been met with a decisive […]
Coinbase takes global center stage with Spot Trading far beyond America
Coinbase Global Inc. is expanding its services by adding spot crypto trading on its foreign exchange as part of a global expansion strategy to appeal to users who are skeptical of U.S.-based platforms. Institutional investors can now trade Bitcoin and Ether against the USDC stablecoin on Coinbase’s global platform. This move is part of the […]
ARK Invest continues its Coinbase share sell-off
Cathie Wood’s investment powerhouse, ARK Invest, has been making headlines with its strategic maneuvers in the cryptocurrency market. The firm has been systematically reducing its holdings in Coinbase (COIN), one of the leading cryptocurrency exchanges. This trend has persisted for the third consecutive day, with ARK unloading a whopping 82,255 shares. These sales, totaling approximately […]
