Tag Archives: coinbase

Recent comments regarding Bitcoin exchanges from Gary Gensler – Chairman of the U.S. Securities and Exchange Commission (SEC) – suggest that his agency may not be so eager to approve the recent wave of Bitcoin spot ETF applications in its mailbox. The chairman claimed that crypto trading platforms like Coinbase are structured in such a way that makes them open to wash trading and market manipulation. Problems With Coinbase, According to the SEC Gensler commented on the...

The entire crypto market is rallying after the judge overseeing Ripple V. SEC ruled that neither XRP, nor most situations in which it transacted, are securities. The ruling has also prompted exchanges like Coinbase to relist XRP starting today. In a tweet on Thursday, Coinbase Assets confirmed that it will re-enable trading of XRP on XRP network, starting at 1:45 PT. “Once sufficient supply of this asset is established trading on our XRP-USD, XRP-USDT, and XRP-EUR trading...

Coinbase has unveiled an end-to-end encrypted, private, and portable messaging feature for its self-custody wallet product – Coinbase Wallet to enable users to connect directly through their wallet, engage with communities, as well as send payments across thousands of coins. The goal is to give Coinbase Wallet users full control and ownership over their identity and chats by eliminating unnecessary risk and potential losses with the help of messaging. Coinbase’s New...

Egypt is yet another country that currently copes with severe financial difficulties and galloping inflation, which have harmed the local currency. As such, the price of bitcoin against EGP has surged notably lately, exceeding 1,200,000 EGP on Binance, which is a record high. It is worth mentioning that the valuation is not that high on other cryptocurrency exchanges, such as Coinbase. The Outcome of the Monetary Disruption Despite Egypt’s GDP gradually growing in the past...

Coinbase’s shares spiked to almost $90 following the news that exchange operator Cboe Global Markets filed amended applications of three spot BTC exchange-traded funds, adding surveillance-sharing agreements with Coinbase. The US Securities and Exchange Commission has yet to decide on the launch of such a product. It remains unknown whether the lawsuit filed against Coinbase by the watchdog will affect its final ruling. Rising to Almost One-Year High Cboe Global Markets – an...

CoinspeakerCathie Wood’s Ark Invest Sells $12M in Coinbase Shares amid Rally Meanwhile, some Coinbase executives, including CEO Brian Armstrong, have been taking advantage of the stock’s rally in recent months. Cathie Wood’s Ark Invest Sells $12M in Coinbase Shares amid Rally

Crypto investment company Paradigm has filed an amicus brief in the US Securities and Exchange Commission’s (SEC) case against Bittrex, claiming that the regulator is “wrongfully attempting to lay claim over crypto secondary markets.” The brief filed on July 7th stated that the case against the US-based crypto exchange should be dismissed. It argued that the SEC cannot support extending the Howey test to determine that secondary market sales are investment contract...

CoinspeakerCoinbase (COIN) Stock Soars over 50% amidst SEC Lawsuit Turmoil While Coinbase executives have engaged in pre-planned and periodic stock sales, other major COIN holders have chosen a different approach. Coinbase (COIN) Stock Soars over 50% amidst SEC Lawsuit Turmoil

Conor Grogan – the head of product at Coinbase – said he found $322,000 worth of digital assets that belonged to a person who was unaware of that since the funds were transferred after Ethereum’s hard fork in 2016. The executive discovered that the owner of the crypto stash had previously become a victim of hackers who drained their entire life savings. Lucky Day for Numerous Investors Thanks to Grogan Coinbase’s director announced on Twitter that he had tracked down “6+...

The United States Securities and Exchange Commission has issued a response to Coinbase’s recent filing, in which it claims that the exchange made a “calculated decision” to act as an unregistered securities intermediary. The company filed to dismiss the SEC’s charges back in June. The agency launched a full-on legal operation against two of the behemoths of the crypto industry in early June when it filed consecutive lawsuits against Binance (and its US affiliate) as well as...