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Tag Archives: coinbase

Coinbase Blasts U.S. GAO For Claiming Crypto Can Help Dodge Sanctions

Crypto industry leaders are pillorying a new U.S. government report claiming that digital assets can help criminals flout federal sanctions law. In a blog post from the U.S. Government Accountability Office (GAO) last Tuesday, authors asserted that foreign states working against American interests – including Iran and North Korea – “are using digital assets to evade the impacts of those sanctions.” How Effective Is Crypto For Dodging Sanctions? The report said that digital...

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Coinbase Lawsuit: Federal Judge Blasts SEC During First Oral Arguments

The first round of oral arguments between Coinbase and U.S. regulators during their major legal war has come to a close. The result? No immediate rulings – but the judge overseeing the case found herself impressed with Coinbase’s understanding of the issues and technologies at hand. Coinbase VS SEC on Staking Judge Katherine Polk Failla began Wednesday’s hearing by crediting the “DeFi people” for filing a “really fine” amicus brief on behalf of Coinbase months ago, which...

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Bitcoin and Ethereum Echo Previous Bull Market Patterns with 500%-1,000% Surges

Bitcoin (BTC) and Ethereum (ETH) are currently following a pattern similar to previous years, during which their prices surged by 500% and 1,000%, respectively, according to the latest research report by Coinbase Research and Glassnode. The observation draws parallels between the ongoing crypto market cycle and the period from 2018 to 2022, characterized by substantial price increases in both cryptocurrencies. Bitcoin Halving’s Potential Impact on Crypto Markets Analysts...

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Coinbase Pursues Africa Expansion with Yellow Card Partnership

As Coinbase has pointed out,  fiat transfer fees can get as high as 3% to 6%. Through this partnership with Yellow Card, users will pay a maximum of 2% for each transaction. One of the benefits of cryptocurrency and blockchain being such barrier-breaking concepts is that people from all over the world can gain access to them. As such, projects and companies in the blockchain space often find themselves serving an international audience with all sorts of needs. Now, Coinbase, one of the...

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These Crypto Exchanges Are Navigating New UK Rules as January 8 Deadline Nears

Several crypto exchanges are taking steps to adhere to recently imposed regulations by the UK government. These regulations require crypto entities to inform users about the risks associated with trading digital assets and to promote their services responsibly. These measures have been implemented as part of the Financial Services and Markets Act in the UK, which has expanded its scope to include firms dealing with crypto and stablecoins, subjecting them to the same...

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Top 10 Major Crypto Headlines in 2023 by Coinspeaker: Year of Triumphs, Scandals, and Transformations

It was a controversial year for the crypto indutrsy. Let’s have a closer look at the major crypto-related events that too place in 2023. The year 2023 has been a rollercoaster ride for the cryptocurrency ecosystem, defined by important events that have impacted the industry’s direction. From stablecoin woes to regulatory disputes, institutional acceptance, and the advent of meme coins, the crypto sector has seen a wide range of stories. Here are the top 10 major crypto headlines that have...

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Former US President Trump’s ETH Wallet Shows Sale of NFT Royalties Totaling $2.4M

According to on-chain firm Arkham Intelligence, a wallet linked to former U.S. President Donald Trump has moved over $2.4 million worth of ether (ETH) to the crypto exchange Coinbase in the past few weeks. Arkham Intelligence had initially identified digital assets believed to belong to Trump in August, basing its findings on financial disclosures filed by the former President earlier that month. Trump’s Ethereum Wallet Shows Sales Totaling $2.4 Million About three weeks ago,...

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Coinbase Insiders Cash Out as COIN Prices Soar 480% YTD: Report

Coinbase insiders seem to be disposing of COIN shares this December, with the co-founder Fred Ehrsam III appearing to be the most active seller, according to data from Insider Alerts. Several executives and top shareholders at the exchange have recently been selling company shares, with some following the trend set by Cathie Wood’s asset management firm, Ark Invest, which comes as Coinbase’s stock reaches a new yearly high. Coinbase Insiders Sell Over $120 Million in Shares...

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Cathie Wood’s Ark Invest Sells Coinbase and GBTC Shares to Buy ProShares Bitcoin ETF (BITO)

Ark Invest purchased $92 million worth of ProShares Bitcoin Strategy ETF (BITO) and 4,320,928 units of the US Bitcoin futures-linked ETF. Cathie Wood’s asset management firm Ark Invest has actively engaged in portfolio rebalancing this year amid a surge in stock prices of crypto firms. In the latest development on Wednesday, December 27, Ark Invest divested its Coinbase holdings and all of its GBTC holdings. In a recent trade filing, the company led by Cathie Wood revealed the sale of...

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