The lawsuit claims that Coinbase failed to disclose TerraUSD’s true nature. GYEN surged in value, then plummeted a week after Coinbase added it to its platform. On Thursday, a class-action lawsuit was launched against Coinbase, claiming the trading platform was irresponsible in listing the TerraUSD stablecoin and charging that it
The company had intended to recruit over 1,000 people in India in 2022. Armstrong had blamed “informal pressure” from the central bank for suspending its UPI. Coinbase, based in the United States, has reduced its Indian employment by 8% after initially announcing plans to triple its Indian personnel. According to
Coinbase’s stock has lost more than 80% of its value since its first public offering (IPO). The company has taken a more aggressive approach to the NFT sector. According to reports, top Coinbase executives have reportedly sold shares worth $1.2 billion. There are four executives included in this report: Brian
Early today, FORTUNE revealed the 68th 2022 FORTUNE 500 annual list for all the leading and largest companies in the U.S. Interestingly, the ranking of these corporations depends on the revenue rate for the 2021 fiscal year. One among the list is Coinbase, largest cryptocurrency exchange in the United States.
The cryptocurrency market as a whole is experiencing a bad week. The outcome was yet another jab at the crypto sector from Nithin Kamath. Co-founder of Zerodha Nithin Kamath has warned Indian investors against the prospect of Coinbase Global, a US cryptocurrency exchange. Coinbase, the biggest cryptocurrency exchange in the
Trading in these Terra coins will be suspended on May 27. Several exchanges have already delisted Terra assets. Prominent exchanges have delisted Terra’s tokens such as UST, LUNA, Anchor, and Mirror due to the catastrophe in the ecosystem. Coinbase, one of the largest crypto exchanges, has announced its plans to
Immediately after the declaration of the loss, there was a flurry of discussion on Twitter. The team is now working on revising their agreements so that retail users are protected. Social media has been buzzing over a statement that implies Coinbase consumers are not insured in the event of the
The revenue raised by Coinbase is nowhere near the estimates. Coinbase’s market share of the total crypto market cap in Q1 is 11.2%. The Securities and Exchange Commission (SEC), SAB 211, demands entities to release ‘form 10Q” disclosures that should include their financial statements and the details of crypto assets
President Jair Bolsonaro is anticipated to put the bill into law this year. Rio de Janeiro will accept Bitcoin (BTC) payments for taxes on urban real estate. According to reports, Coinbase and the parent company of Mercado Bitcoin, 2TM, have ended discussions over a possible acquisition of the firm. 2TM
OpenSea had almost $94.8 million exchanged on Thursday. Coinbase NFT saw approximately $100,000 in activity on Thursday. The launch of Coinbase’s NFT marketplace has been eagerly awaited, but few people have been able to use it since it went live (in beta) last week, resulting in a shortage of sales.
