Coinbase has reassured its investors that it has no plans to move its operations elsewhere, despite the regulatory uncertainty and looming crackdown on the cryptocurrency market in the United States. In the company's first shareholder letter in 2023, CEO Brian Armstrong emphasized the importance of adhering to the rule of ...
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 will no longer be able to obtain new loans from May ...
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 other products. It’s official! Coinbase International Exchange is here. Institutional traders ...
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 shares), Ark Next Generation Internet (23,456 shares) and Fintech Innovation (15,809 ...
Coinbase is facing a class-action lawsuit in a California District Court over allegations of violating Illinois's biometric privacy laws. The lawsuit, filed on May 1, 2023, by a Coinbase user, claims that the exchange's requirement for customers to provide fingerprints and facial templates for KYC checks violates certain provisions of ...
Coinbase has unveiled a plan for the UK to become a hub for the Web3 economy and "turbocharge" its cryptocurrency industry. On April 17, 2023, Sky News reported that the UK Treasury intends to reactivate the Asset Management Taskforce and collaborate with the private sector to establish crypto regulations, in ...
Source: Coinmarketcap Following a 3.5% dip on March 22, Terra Luna Classic's (LUNC) price has made a partial rebound and is presently trading at $0.0001235, reflecting a 2% drop in the last 24 hours. LUNC has gained 2.5% in the last week despite a 25% drop over the previous 30 ...
Brian Armstrong, CEO and co-founder of Coinbase, has criticized the lack of clarity surrounding cryptocurrency regulation in the U.S., likening the SEC to "soccer referees" in a game of pickleball. Armstrong's comments come after Coinbase received a Wells Notice from the SEC on March 22, 2023. 1/ Today Coinbase received ...
On March 20, 2023, Coinbase, a cryptocurrency exchange based in the United States, submitted a petition to the U.S. Securities and Exchange Commission (SEC) challenging the classification of stakes as securities. Americans love their stake. Here’s why we need to keep staking–the accountant of the blockchain–in the U.S. 🧵 pic.twitter.com/hPeM99LI3e ...
