Tag Archives: coinbase

Brian Armstrong – Chief Executive Officer of Coinbase – thinks US and UK-based cryptocurrency entities could relocate to other countries if the domestic watchdogs do not implement proper legislation on the industry.  He also hinted that his exchange might consider such a move should the regulatory situation in the States remains the same. ‘Anything is on the Table’ According to Armstrong, the American and British authorities should enforce appropriate crypto rules to prevent...

Coinbase Global shares have gained more than 91 percent YTD to trade around $69.72 on Tuesday amid Bitcoin’s 2023 pump. Coinbase Global Inc (NASDAQ: COIN) was served a Wells notice from the US Securities and Exchange Commission (SEC) for an undefined portion of its listed digital assets, Coinbase Earn, Coinbase Prime, and Coinbase Wallet. With several other top centralized exchanges including Bittrex and Binance under the SEC’s radar, Coinbase Global has begun exploring global options,...

Despite all the craziness surrounding some of America’s banks (i.e., Signature, etc.), bitcoin is defying all odds and rising like nobody thought possible during times like these. Bitcoin Is Defying All Expectations At the time of writing, bitcoin has shot beyond the $26,500 mark, and some analysts believe it’s on its way to $30,000 per unit. The currency has risen by more than 15 percent in just a matter of days, and the news appears to stem from the low inflation...

The decision coincides with the announcement of stricter crypto regulation by the Canadian Securities Administrators (CSA). As crypto regulation broadens in Canada, blockchain infrastructure platform Paxos has announced plans to shut down its operations in Canada. In a statement published on the company website, the firm advised its Canadian customers to begin withdrawing any funds from their accounts. “Beginning June 2nd, you will no longer be able to transact from your Paxos account,” it...

Leading digital asset Bitcoin hit $30K for the first time in almost a year amid prevalent gains in crypto stocks. Crypto stocks are rising, with players Marathon Digital Holdings (NASDAQ: MARA) and Riot Platforms (NASDAQ: RIOT) leading gains. The duo is trading up at 11% and 15%, respectively, with prominent coin Bitcoin (BTC) also changing hands at $30K. As it stands, BTC price is up by more than 80% so far this year. Besides MARA and RIOT, other smaller crypto stocks also experienced...

Vishal Gupta, head of exchange and markets at crypto exchange giant Coinbase, has left the company. The executive’s departure comes shortly after Coinbase was issued a Wells notice by the US Securities and Exchange Commission (SEC). Another Crypto Exec Leaves Company In a tweet thread on Monday (April 10, 2023), Vishal Gupta announced that he was leaving Coinbase after serving as the firm’s head of exchange and markets for nearly three years, a position he took up in...

The number 1 cryptocurrency in the world has amassed over 82% gains since the beginning of the year. MicroStrategy (NASDAQ: MSTR) is a major beneficiary in the latest Bitcoin rally that pushed the crypto asset’s price to a new level. While the crypto market was in the red, many crypto-related stocks. MicroStrategy, which Bitcoin holding is worth 140,000, had a tough time before the recent rally. The company bought its first Bitcoin in August 2020, adopting the top cryptocurrency as a...

According to the case filed on April 5 in a Texas District Court, the plaintiffs, with support from Coinbase, want the OFAC to settle the first two counts from its original complaint, which was filed last September. Popular public listed exchange Coinbase is supporting the new class that seeks a reversal of the Tornado Cash ban. With this, the US Treasury is faced with a renewed legal case targeted at its move to sanction the crypto mixer. The motion to remove the Tornado Cash ban was...

In a podcast, the Coinbase Institutional team delved into bullish and bearish scenarios for Ethereum and Bitcoin as ‘Shapella’ approaches.  Ahead of the Ethereum Shapella Upgrade, Coinbase Institutional weighed in on the mainnet upgrade’s potential impact on Ether and Bitcoin (BTC). In a YouTube podcast, the team provided insight into whether April 12th’s much-anticipated upgrade would further spur the ongoing crypto rally. The Coinbase Institutional team also discussed the bear market...

Coinbase reported that crypto assets like BTC and ETH could help Americans cut the cost of sending money internally, which contributes to the high remittance fees. American crypto company Coinbase (NASDAQ: COIN) explained in a recent report how crypto could help Americans save millions in remittance fees. According to the crypto company, Americans who rely on remittance fees face obstacles due to the disconnected global financial system. It also talks about how there is no universal...