Base, Coinbase’s Ethereum Layer 2 network, is facing scrutiny for transferring its sequencer fee earnings to Coinbase. Critics argue the move lacks transparency and raises questions about fund usage. Santisa, Lucidity’s chief investment officer, first flagged the issue on X. He shared Etherscan data showing regular ETH transfers from the
The Financial Conduct Authority (FCA) has granted Coinbase its UK Virtual Asset Service Provider (VASP) registration. According to the press release, the exchange will now be able to offer crypto and fiat services to UK users under the UK’s regulations. This milestone makes Coinbase the biggest FCA-registered crypto exchange in
Coinbase Derivatives, the US-based cryptocurrency exchange subsidiary, is attempting to gain regulatory approval by filing documents with the Commodity Futures Trading Commission (CFTC). The assets include Solana (SOL) and Hedera (HBAR), with details of the new futures contracts. The filings imply that the exchange intends to extend the derivatives it
Senator Cynthia Lummis has filed an amicus brief backing Coinbase’s legal battle with the U.S. Securities and Exchange Commission (SEC). The Wyoming Republican accuses the agency of overstepping its authority and undermining Congress’s regulatory role. Lummis criticized the SEC’s enforcement-driven approach under former Chair Gary Gensler. She described it as
Trump Influence on Crypto Recently, Coinbase CEO Brian Armstrong commented on the effect of President Donald Trump on cryptocurrency. He noted that most the discussion at the World Economic Forum in Davos concerned Trump’s plans for cryptocurrency, particularly his vision of a “Strategic Bitcoin Reserve.” According to Armstrong, Trump is
The US Federal Deposit Insurance Corporation (FDIC) is accused of withholding key cryptocurrency-related documents in a Freedom of Information Act (FOIA) lawsuit filed by Coinbase. The lawsuit claims the FDIC failed to disclose numerous “pause letters” advising banks to halt crypto operations. FDIC Accused of Hiding Crypto Documents On January
The official meme coin by Donald Trump, TRUMP, is topping the crypto space. Both Binance and Coinbase gave in to this popularity, with Binance already accommodating trades and Coinbase listing. Other exchange houses, including KuCoin, Kraken, and Bitget, also introduced the token. Solana’s Boost from TRUMP Token The coin was
The broader crypto market is still hesitating to resume the bull run that started in December 2024. While Bitcoin is trading at the $96K price level, Ether is trading at $3,220 range. However, altcoins such as XRP, Avalanche, Dogecoin, and Cardano are showing notable recovery from recent price dips. Meanwhile,
The free speech controversy has been going on for a while, since the US elections. Industry leaders and officials such as Elon Musk, Brian Armstring, and Mark Zuckerberg expressed their views on this issue several times on social platforms. On similar grounds, the US DOJ investigated Polymarket for allowing US
Amid the explosive growth of memecoin projects backed by Artificial Intelligence (AI) agents in the recent past, imgnAI ($IMGNAI), a pioneer in generative AI on blockchains, has announced a major leap in the sector. Backed by HackVC, imgnAI will launch a memecoin project to complement Naifu virtual companion dubbed $NAIFU.
