Coinbase is facing fresh legal trouble as a shareholder has filed a lawsuit accusing the company of misleading investors about bankruptcy risks and engaging in undisclosed trading practices. The lawsuit, filed on February 18 in a New Jersey federal court by plaintiff Wenduo Guo, claims Coinbase failed to properly disclose ...
Coinbase shares jumped 8.44% on Thursday, February 13, closing at $298.11 after the company reported its strongest quarterly revenue in three years. Coinbase Stock Perfromance. Source: Google Finance The cryptocurrency exchange posted $2.3 billion in revenue for Q4 2024, a 138% increase from the previous year, surpassing analysts' expectations of ...
Coinbase is reportedly working on re-entering the Indian market over a year after ceasing operations. According to a report from TechCrunch, the U.S. headquartered crypto exchange has initiated discussions with Indian authorities, including the Financial Intelligence Unit (FIU), to secure necessary approvals to resume operations. Coinbase halted new user registrations ...
A U.S. judge has ruled that Coinbase must face a class action lawsuit brought by some of its customers in New York over illegally selling unregistered securities. According to a Reuters report, on February 7, U.S. District Judge Paul Engelmayer dismissed Coinbase's argument that it does not qualify as a ...
This week, Paul Grewal, Coinbase’s Chief Legal Officer, will testify before the U.S. Congress. The hearing will focus on allegations that federal regulators pressured banks to cut ties with cryptocurrency firms. I’m testifying at the @FinancialCmte’s oversight hearing looking into the past clandestine and undemocratic campaign to cut off crypto ...
Coinbase has registered with the U.K.'s Financial Conduct Authority (FCA), allowing its U.K. arm, CB Payments Ltd., to offer cryptocurrency services directly. The firm is listed under a specific reference number on the FCA's register. Previously, Coinbase operated in the U.K. through CB Payments Ltd., which was not authorized to ...
Coinbase is set to expand its derivatives offerings with the introduction of Solana futures contracts on its subsidiary platform, Coinbase Derivatives. According to a filing with the U.S. Commodity Futures Trading Commission (CFTC) on January 30, the Solana futures will be available starting February 18, 2025. The offering will feature ...
Coinbase has expanded its Global Advisory Council by adding four prominent political and economic figures to navigate the evolving cryptocurrency landscape. These new members bring valuable expertise from politics, finance, and global development, strengthening Coinbase's efforts to advocate for crypto and engage with key stakeholders. Kyrsten Sinema, a former U.S. ...
Coinbase has gained Argentina's National Securities Commission (CNV) approval to operate as a Virtual Asset Service Provider (VASP). This development marks a key step in the company's global expansion efforts, enabling it to offer services under Argentina’s legal framework. The crypto exchange platform's expansion into Argentina aligns with findings from ...
Venice, an artificial intelligence startup backed by ShapeShift founder Erik Voorhees, has taken a significant step into web3 by launching its VVV cryptocurrency on Coinbase’s Base layer-2 network. This marks a key move for the company, which aims to decentralize access to generative AI technologies. The VVV token is designed ...
