Coinbase will stop providing new loans through its Coinbase Borrow service, which offers eligible US customers cash loans using their crypto assets as collateral. The company sent an email to Borrow customers on May 3, 2023, stating that they...
Coinbase has announced its plan to expand its services internationally by launching Coinbase International Exchange (CIE), a cryptocurrency derivatives platform targeting institutional investors. The CIE will allow approved foreign users access to Coinbase's perpetual futures market for digital assets and...
Crypto.com has announced the launch of 'Amy,' an AI-powered assistant designed to educate users about the cryptocurrency market. The AI-powered assistant was built using ChatGPT and was designed to offer a better user experience on the platform by simplifying...
On-chain analytics firm Nansen has released a report showing that Binance BNB Chain has the most active addresses in April 2023, with 10.9 million, which is more than twice the number of its closest competitors, Solana and Ethereum. However,...
On May 2, 2023, a Florida district court judge granted the Moskowitz Law Firm permission to tweet a legal notice to YouTuber Tom Nash, as all other attempts to contact him have been unsuccessful. The plaintiffs sent a legal...
The UK government has launched a new strategy to combat financial fraud, which according to the National Crime Agency, cost the country approximately £7 billion ($8.7 billion) per year. The strategy includes plans to ban cold calls that promote...
Dubai's Virtual Assets Regulatory Authority (VARA) has issued a written notice to the co-founders of Three Arrow Capital, Su Zhu, and Kyle Davies, for operating and promoting a digital-asset exchange, OPNX, without the necessary local license. According to Bloomberg,...
Gate Italy s.r.l., a subsidiary of cryptocurrency exchange Gate Group, has announced its registration as a Virtual Asset Service Provider (VASP) with the Italian regulatory agency Organismo Agenti e Mediatori (OAM). The registration would allow the company to offer...
The Biden administration has reiterated its support for the proposed Digital Asset Mining Energy (DAME) tax, which would impose a 30% excise tax on the electricity consumed by cryptocurrency miners. The White House's Council of Economic Advisers (CEA) released...
On May 1, 2023, ARK Invest, an investment management firm, announced that it had increased its stake in Coinbase by acquiring 168,869 shares, valued at $8.5 million, and adding them to its portfolio exchange-traded funds (ETFs): Ark Innovation (129,604...
