Coinbase’s UK arm, CB Payments Limited (CBPL), has been fined £3.5 million ($4.5 million) by the Financial Conduct Authority (FCA) for breaching a voluntary agreement meant to prevent the onboarding of high-risk customers. The penalty, announced on July 25, highlights significant weaknesses in CBPL’s control mechanisms. In October 2020, CBPL
With CITI’s “buy” recommendation for Coinbase shares, the prominent cryptocurrency exchange has attracted a lot of interest from investors. The timing of this event, just before the exchange’s expected Q2 results report in early August, has sparked speculation as to why the market is so bullish. Coinbase’s rating has been
Coinbase CEO Brian Armstrong recently cut down on his holdings in the cryptocurrency exchange, according to reports. On Thursday, July 12, Armstrong sold off approximately $5 million worth of COIN shares. The recent decline in COIN stock price may have been accelerated by the dump. Brian Armstrong reportedly received $4.92
In a recent hearing, U.S. District Judge Katherine Polk Failla advised Coinbase to either drop or significantly revise its efforts to subpoena U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s personal communications. The hearing was convened following the SEC’s request to block Coinbase’s subpoena, which south access to Gensler’s
Coinbase, the largest cryptocurrency exchange in the USA, has added the altcoin Stader (SD) to its listing roadmap. According to Coinbase’s official statement, SD will be supported on the Ethereum network, generating excitement within the community. While being added to the roadmap does not guarantee a listing, historically, these tokens
The US Marshals Service (USMS) has taken a significant step by partnering with Coinbase Prime to oversee its large-cap digital assets. The USMS, responsible for asset forfeiture under the Department of Justice, will support Coinbase’s custody and advanced trading services through a $32.5 million contract. This collaboration highlights the growing
While the NFT market is currently in a consolidated phase, one update has gotten attention from the community. Coinbase Wallet, the self-custody wallet, has introduced DUNE404, the first ERC-404 supported by Animoca Brands (a prominent venture capital company) on Base (the Ethereum L2 Chain). It is based on the popular
Coinbase, a crypto exchange, has unveiled its smart wallet to consumers, along with other benefits, with the intention of smoothly onboarding new users. This follows other developments in the crypto sector that aim to improve compatibility, security, and speed. Today, Coinbase finally announced their smart wallet, which is supposed to
Dogecoin (DOGE) is once again capturing attention as its trading volume has surged by over 35.67% since early trading hours, despite the global crypto market experiencing declines. This spike in volume has led to a nearly 10.5% increase in Dogecoin’s price, pushing it from $0.1562 to $0.1727. The crypto market
Paul Grewal, chief legal officer of Coinbase, made the announcement on May 23 that New York consumers may trade XRP on the crypto exchange again after a nine-month break. Grewal mentioned in a social media post: “XRP trading on Coinbase is available again in NY. We heard you and put
