The cryptocurrency exchange Coinbase has recently announced that it would no longer be granting new loans via its borrowing service Coinbase Borrow. According to a statement released by Coinbase on May 3, the service will be shut down permanently as of May 10. The crypto exchange, however, assured its clients
Investment management company ARK Invest, managed by Cathie Wood, increased its holdings in Coinbase, the largest cryptocurrency exchange in the United States, on Tuesday. Amid the recent regulatory stand initiated by the exchange, the investment firm reportedly acquired an additional 147k shares of Coinbase (COIN). Cathie Wood’s Ark Investment reportedly
Since “Ethereum’s Shanghai upgrade,” the two largest centralized cryptocurrency exchanges, Binance and Coinbase, have seen significant outflows of staked Ether (ETH) as investors turn to decentralized competitors. According to Dune Analytics data, the world’s largest cryptocurrency exchange, Binance’s staking service, has seen a net outflow of $340 million. In addition,
The United States-based digital currencies exchange Coinbase has expanded internationally by opening a derivatives exchange in Bermuda. Coinbase has been experiencing a variety of regulatory issues in its native country of the United States, especially by the SEC. Thus, this change is timely. Today Coinbase launched Coinbase International Exchange @CoinbaseIntExch
Poloniex, a cryptocurrency exchange located in Boston, has agreed to pay a staggering $7.59 million. This is to resolve sanction breach accusations with the Office of Foreign Asset Control (OFAC) of the U.S. Treasury Department. A press release from OFAC claims that the exchange violated more than 66,000 different penalties.
Coinbase (NASDAQ: COIN) officials, including Chairman and CEO Brian Armstrong, have been named in a new lawsuit. It is alleged that they used insider knowledge to profit by $1 billion. During the stock’s public debut two years ago. On Monday, May 1st, the investor filed a lawsuit in Delaware Chancery
The crypto exchange Coinbase responded to the SEC’s Wells notice. Coinbase provided written and video submissions to the SEC and discussed those submissions with the SEC a few days ago. Today, to provide greater transparency in our long-standing engagement with the SEC, we are sharing our response to the Wells
The regulatory uncertainty is already having an impact on the cryptocurrency market. As evidenced by the widely publicized new lawsuit between Coinbase and the United States Securities and Exchange Commission (SEC), is now gaining steam in the community. Following the exchange’s stance against the SEC, Coinbase CEO Brian Armstrong starts
Crypto exchange Coinbase initiated a solid move against the U.S. Securities and Exchange Commission (SEC). On Monday, the exchange sued SEC, urging the court to compel the regulator to respond to its rulemaking petition. Paul Grewal, Chief Legal Officer at Coinbase, tweeted: “The SEC is required by law to respond
Coinbase’s Layer 2 initiative seems to be progressing steadily toward a mainnet release. In February of 2023, developers released a testnet version of the Ethereum Layer 2 network. Base was released as a platform that simplifies integration between third-party applications and the Coinbase ecosystem. In their most recent post, the
