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
Due to the SEC’s lack of regulatory clarity, the largest cryptocurrency exchange in the United States, Coinbase, is apparently looking to relocate its operations offshore. Coinbase, though, seems to be preparing for a protracted court struggle rather than a swift resolution. Met with the SEC today. We’ll continue pushing for
As a part of the ‘Crypto435‘ campaign conducted by Coinbase, a live Twitter Space discussion happened in Washington, DC – concerning cryptocurrency policies and national securities with the CEO of Coinbase, Brian Armstrong. The other people who joined in the spaces include Anja Manuel, Tomicah Tillemann, and Faryar Shirzad, during
The United States Securities and Exchange Commission (U.S. SEC) has claimed that the major crypto exchange, Coinbase is violating federal laws. In March 2023, SEC sent a Wells Notice against Coinbase with a dispute of enforcement actions ahead. Meanwhile, the head of Coinbase, Vishal Gupta resigned post the Wells Notice.
According to a recent Twitter post by a SHIB enthusiast on his official account, the Shiba Inu (SHIB) ecosystem is set to shake up the stablecoin market by introducing the Shibarium and yet-to-be-released SHI smart contract. #SHIBARMY there are just two things I'm looking for.#Shibarium , as well as the
