Tag Archives: coinbase

With the recent news surrounding Kraken and the SEC, many digital currency participants believe a staking ban could be around the corner. Could Kraken Just Be the Start? Earlier today, Live Bitcoin News put out an article talking about how popular digital currency exchange Kraken had settled with the SEC and agreed to shut down its staking program as part of the settlement. The company will also part with more than $30 million in penalty fees. A spokesperson for Kraken...

It looks like Brian Armstrong of Coinbase fame was right to be as concerned as he was about the SEC and other organizations targeting crypto staking. In the latest headlines, the Securities and Exchange Commission has gone after Coinbase’s competitor Kraken. The exchange has agreed to shut down all its staking services as part of a settlement agreement and pay up to $30 million in fees. SEC Goes After Kraken In a complaint against the Northern California-based trading...

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Not that long ago, Live Bitcoin News published an article talking about how the brother of a former Coinbase employee was found guilty of insider trading in what was arguably the first-ever insider trading case surrounding crypto. Now, it looks like the actual employee – who orchestrated the scheme – has pleaded guilty to charges similar with those presented to his sibling, and he’s set to be sentenced in roughly two months. Former Coinbase Employee to Be Sentenced in...

Dublin-based crypto exchange OKX has hinted that it’s potentially looking into laying off roughly one percent of its staff as a means of saving money and helping itself during this time of recovery after the 2022 crypto winter. Is OKX the Next Crypto Firm Looking to Let Employees Go? Right now, the company is putting all employees through a consultation period. The goal is to see what resources can be reallocated and to see which members of the present headcount are no...

Brian Armstrong – the man in charge of Coinbase, arguably the biggest and most popular digital currency exchange in the United States – has warned that the Securities and Exchange Commission (SEC) is likely to crack down on a process called staking, which could wind up hurting tokens such as ETH. Coinbase Says No Staking Could Be Devastating In a recent statement, Armstrong said that should the SEC decide against the practice of staking for retail investors, this could...

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Eric Peters – CEO of One River Digital Asset Management – thinks the next crypto bull run will be “very powerful” because it will be driven by institutional adoption. He argued the market might have already moved to such a phase. ‘Extremely Bullish’ for the Long Term In a recent appearance on the Bankless podcast, Peters opined that the crypto winter is already in the past, describing last year’s decline to the Wall Street collapse of 1929 (also known as the Great Crash): “I...

Coinbase acquired One River Digital Asset Management (an investment manager that provides institutional clients with exposure to cryptocurrencies) without disclosing the terms and the sum of the agreement. The deal comes a few weeks after the two entities rolled out a separately managed account (SMA) platform for wealth management firms. Greg Tusar – Coinbase’s head of institutional product – said the recent acquisition aims to “bring more institutional capital” into the...

Protocol Labs – an early pioneer of blockchain and web3 technology – has let go of more than 89 people, which amounts to roughly one-fifth of its present staff count. Protocol Labs Is Letting Go of A Ton of People The firm is backed by financial players like Andreesen Horowitz. Protocol states the decision to let people go has to do with the present market conditions and the overall bearish sentiment of the digital currency industry. At this stage, more than 26,000...