Six individuals have filed new charges in a lawsuit challenging the U.S. Treasury Department's decision to penalize Tornado Cash, a cryptocurrency mixer. The six plaintiffs involved, Joseph Van Loon, Tyler Almeida, Alexander Fisher, Preston Van Loon, Kevin Vitale, and Nate Welch, put forth new arguments on May 24, 2023, highlighting ...
The United States Securities Exchange Commission (SEC) has responded to Coinbase's request for clear cryptocurrency regulations in a formal court filing. In the court documents filed on May 15, 2023, the SEC acknowledged that the rulemaking process could take several years and emphasized that enforcement actions would continue in the ...
OKX has launched a global advertising campaign that appears to take a jab at Coinbase's recent marketing efforts. Released on May 9, 2023, OKX's 60-second video campaign concludes with a critique of what it perceives as flaws in the centralized financial system. While Coinbase is not directly mentioned in the ...
Coinbase has requested changes to the U.S. Securities and Exchange Commission's (SEC) proposed regulation on registered investment advisers' (RIAs) responsibilities to hold client assets with qualified custodians. In a letter sent to the U.S. SEC on May 9, 2023, the exchange argued that the proposed rulemaking, Safeguarding Advisory Client Assets, ...
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 ...
