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Tag Archives: coinbase

Coinbase Shuts Down Its Borrowing and Lending Division

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Coinbase Borrow – the official lending protocol of Coinbase, one of America’s largest and most popular digital currency trading platforms – has ceased all operations. Coinbase Borrow Closes Its Doors Permanently The end for Coinbase Borrow arrived on May 10. This was the last day on which customers could take...

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Hong Kong Mounts Pressure on HSBC and Standard Chartered Bank to Service Crypto Customers 

The new development aligns with the country’s ambition to become a prominent global hub for crypto. In a bold move aimed at embracing the crypto revolution in Hong Kong, the country’s banking regulator has reportedly exerted significant pressure on major financial services companies, including HSBC and Standard Chartered Bank, to accept crypto exchanges as clients. According to a Financial Times report on Thursday citing three people familiar with the matter, the Hong Kong Monetary...

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First Time in 3 Months: Bitcoin Fear and Greed Index Signals Fear for 2 Conscutive Days

The indicator that displays the general sentiment toward bitcoin – the BTC Fear and Greed Index – dropped to “Fear” territory on June 13 and June 14. The last time the metric remained in that zone for two consecutive days was in the first half of March. One possible reason behind the trend’s change could be the shockwave the US SEC caused on the crypto market after filing lawsuits against Binance and Coinbase. Bitcoin stood well above $27,000 last Monday but went through some...

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US Lawmakers to Vote on Crypto Bill in Coming Weeks

Patrick McHenry intends to hold a committee vote on a detailed crypto regulatory structure. Reactions about the use of crypto still make it unclear how things will turn out. Patrick McHenry, a House Republican lawmaker, plans to introduce legislation around crypto regulations after lawmakers return to work on July 11. The bill includes detailed information about the use of cryptocurrencies. The lawmaker stated at a hearing on Tuesday: “I intend for this committee to mark up some form...

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Coinbase is Now Active in Bermuda

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Popular digital currency exchange Coinbase is launching its Bermuda-based trading platform. After just a few weeks of teasing that it had gotten the proper licensing documents due to regulatory scrutiny in the U.S., the firm appears to be opening its international enterprise without delay. Coinbase Has Opened...

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Binance.US Calls to Dismiss SEC’s Restraining Order Request

A week after the Securities and Exchange Commission (SEC) filed a civil enforcement action against Binance.US, the crypto exchange has hit back, stating that all of the regulator’s claims are invalid. Binance argued against the SEC for a temporary restraining order on the company, also known as BAM Trading, and said that such an action would have “destructive consequences,” which will subsequently affect the platform’s ability to even fund its defense to this action. Binance...

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Politicized Crypto Regulatory Crackdown Could Deter Blockchain Decentralization in Future, Bernstein Analysts Says

The crypto market has turned bearish since the SEC charged Binance and Coinbase with listing unregistered securities last week. The cryptocurrency market is in a crucial growth phase that could significantly determine the winners of blockchain mainstream adoption. The fact that different countries are coming up with respective crypto policies is a true testament that there is a need for an update on the decades-old financial systems. Notably, Europe, Hong Kong, Middle East countries, El...

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SEC Chair Gary Gensler Refers to Bitcoin and Ethereum as Non-Securities in Newly Revealed Video

The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities. In a recently unearthed video from a 2018 crypto-themed event hosted by Bloomberg and Fidelity, Gary Gensler, the current chairman of the United States Securities and Exchange Commission (SEC), made statements that contradict his current position on digital assets regulations in the country. The video, which started circulating on Twitter on June 12, shows Gensler addressing institutional investors...

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How Did Investors React to the SEC, Binance, Coinbase Fiasco? Glassnode Reports

Glassnode published a report on Monday breaking down investors’ on-chain behavior after the U.S. Securities and Exchange Commission (SEC) sued two of the world’s largest cryptocurrency exchanges.  The report acknowledged a boost to the number of short-term crypto holders sending their balances onto exchanges.  Exchange Deposits and Withdrawals The report echoed findings from last week showing that Binance experienced significantly higher withdrawals immediately following the...

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Coinbase is Boosting Its Fight Against the SEC

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Crypto exchange Coinbase is upping its fight against the Securities and Exchange Commission (SEC). The company received a Wells notice from the federal agency over a month ago, and it’s not happy that Gary Gensler and his cronies are targeting its operations. Coinbase Vs. the SEC: Who Will Win? A Wells notice...

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