Thu, July 3

Coinbase CEO Commits Staying in the US Despite Regulatory Scrutiny

Coinbase CEO Brian Armstrong has allegedly gone back and forth on whether or not the company would relocate outside of the United States due to regulatory uncertainties. As reported by the Financial Times on August 4, Armstrong said that Coinbase will be “staying in the United States” despite several other

August 5, 2023 2 mins read

Actor Adam Devine Seen in New Crypto Ad Endorsing Bitget Exchange

As part of its marketing efforts, crypto derivatives trading platform Bitget recently revealed a one-year collaboration with actor and comedian Adam Devine. In a new commercial that went online on Friday morning, Devine advises viewers to “read the reviews before buying anything, because looks can be deceiving,” before turning to

August 5, 2023 2 mins read

Coinbase Files Brief Seeking Dismissal of SEC Lawsuit

On Friday, Coinbase submitted a brief to the court hearing the SEC case against them, asking that the charges be dropped.  The exchange contended in its brief that, contrary to decades of Supreme Court precedent, it does not provide investment contracts. This comes at a time when lawmakers and authorities

August 5, 2023 1 min read

Coinbase Beats Q2 Earnings Forecast Amid Ongoing SEC Lawsuit

Coinbase announced on August 3 that its Q2 earnings were above forecasts despite being sued by the SEC. Financial results for the corporation exceeded Wall Street forecasts. Analysts had forecast a loss of 76 cents per share, thus the company’s actual loss of 42 cents per share was better than

August 4, 2023 1 min read

FTX’s SBF to Be in Jail Before Trial: DOJ

In the ongoing legal action against the bankruptcy crypto exchange FTX, CEO Sam Bankman-Fried is getting fired every day. The U.S. Department of Justice (DOJ) has again asserted that Bankman-Fried should be “detained pending trial” due to his sharing of former Alameda Research CEO Caroline Ellison’s diary with the New

August 4, 2023 2 mins read

Binance Hires New Compliance Officer Amidst Ongoing Legal Probes

A number of Binance’s senior legal and compliance employees have resigned in recent weeks, ostensibly due to the stress of handling several probes into the exchange’s business operations, although Binance strongly disputes this. Binance stated Thursday that it has hired Kristen Hecht as its new deputy chief compliance and global

August 3, 2023 1 min read

Bybit’s P2P Trading Offers Instant Onchain Deposits in Users’ Web3 Wallets

One of Coingecko’s top five cryptocurrency exchanges, Bybit, is excited to announce that its peer-to-peer (P2P) trading service is now available for customers to purchase cryptocurrency on-chain. With the P2P improvement, customers may presently buy USDT with more than 62 different fiat currencies while receiving cryptocurrency on the Ethereum and

August 3, 2023 1 min read

Robinhood Q2 Report: Crypto Revenue Declines by 18%

Despite a decline in revenue, Robinhood announced profitable results for the second quarter of 2023, marking the first time the firm has turned a profit since becoming public. The trading platform had an 18% decline in quarterly revenue from crypto transactions to $31 million, as reported in its financial report

August 3, 2023 1 min read

ASIC Files Lawsuit Against eToro Over CFD Offerings

The Australian Securities and Investments Commission (ASIC) has launched a lawsuit against eToro, a stock and crypto trading platform. This is over allegedly allowing its users to engage in “high risk” leverage derivative products, specifically CFDs. On Thursday, August 3rd, ASIC released a statement claiming that eToro Aus Capital Ltd.

August 3, 2023 2 mins read

KuCoin Announces Suspension of BTC and LTC Mining Pools

KuCoin, a cryptocurrency exchange, has decided to suspend its Bitcoin and Litecoin mining pools as of August 16. The decision was reportedly made in response to recent layoffs that, according to rumors, impacted close to 30% of its personnel. The alleged layoff news was denied by the exchange, calling it

August 2, 2023 1 min read
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