The largest crypto exchange Coinbase Global reported receiving a “Wells Notice” from the Securities and Exchange Commission. Alerts Coinbase that the SEC staff has made a “preliminary determination” to recommend an enforcement action against the cryptocurrency exchange for breaking federal securities laws. According to a regulatory filing on Wednesday, the
Shares in Coinbase (COIN) are being sold by Cathie Wood’s investment management company, Ark Invest, for the first time since July of last year. Cathie Wood claimed in October that Bitcoin will reach $1 million by 2030, prompting Ark Invest to begin a big purchasing frenzy of Coinbase shares. Concerns
Coinbase joined the queue of crypto exchanges that support Arbitrum token’s – ARB – listing. On Twitter, the exchange officially announced that will list Arbitrum (ARB) as the new asset listing. Asset added to the roadmap today: Arbitrum (ARB)https://t.co/rRB9d3hSr2 — Coinbase Assets (@CoinbaseAssets) March 20, 2023 This listing update from
US-based crypto exchange Coinbase is apparently in discussions to establish a trading platform for its foreign consumers. Apparently, the exchange has been in contact with its institutional customers regarding the possibility of implementing a new platform. With the current assault on the crypto sector by US regulatory authorities, it is
The biggest U.S.-based digital asset trading platform, Coinbase, recently stated that it will be stopping trading in six cryptocurrencies. According to the results of the March internal review conducted by the exchange, this is the case. For the record, Coinbase has recently tweeted that it conducts frequent reviews of the
In order to make signing up for Coinbase simpler for Singaporean users, the company has implemented free bank transfers and Singpass integration. In order to facilitate trade in more than 200 different cryptocurrencies, the exchange has enhanced both its Help Centre and Coinbase Learning educational resources. According to a March
Silicon Valley Bank (SVB), which had connections to big-shot international technology firms and venture capital, failed on 10th March due to one of the oldest issues in banking. Also, the startling collapse of Silicon Valley Bank and Signature Bank, which were affected by SVB, continued the wave in the U.S.
Since the U.S. Securities and Exchange Commission needs to focus on effective regulations and recommendations relating to securities, rather than erroneous securities cases, Coinbase has submitted an amicus brief in the SEC v. Wahi insider trading case urging the court to dismiss the complaint. According to a tweet sent by
Many cryptocurrency firms announced on Twitter if they were impacted by the government suspension of crypto-friendly Signature Bank, which emerged as the latest institution to fall after a spate of bank collapses late Sunday. In yet another blow, the Federal Reserve, the United States Treasury, and the Federal Deposit Insurance
A month after U.S. authorities clamped down on similar offerings. Coinbase informed customers Monday that it is revising the terms and conditions of its staking service. In an email to customers on Friday. the largest cryptocurrency exchange in the United States confirmed the continuation of staking. And emphasized that clients
