Canadian cryptocurrency startup Hut 8 Mining has secured a $50 million credit line from US-based exchange Coinbase. Hut 8 announced this development on June 26, 2023, after it completed the credit agreement with Coinbase Credit, the lending division of Coinbase. Under the credit facility, Hut 8 Holdings, a subsidiary of ...
The U.S. Securities and Exchange Commission (SEC) has responded to the ongoing dispute with Coinbase following the order from the U.S. Court of Appeal for the Third Circuit. In a letter sent to the court on June 13, 2023, the securities regulator dismissed Coinbase's request for prompt action, deeming it ...
The United States Securities and Exchange Commission (SEC) has initiated legal action against Coinbase on the allegations it violated securities regulations by operating an unregistered security broker. Today we charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency and ...
Coinbase is pushing forward with its plans to introduce futures contracts despite facing regulatory challenges in the United States. On June 1, 2023, Coinbase announced its intention to launch Bitcoin and Ether futures contracts for its users on June 5, 2023. These contracts will be available through its derivatives exchange, ...
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 ...
