The Securities and Exchange Commission (SEC) is prepping for official enforcement action against Coinbase – America’s largest cryptocurrency exchange – for selling unregistered securities. The agency issued a Wells Notice against the exchange on Wednesday, following a slew of other investigations and lawsuits launched against Coinbase’s competitors in recent months. Coinbase VS SEC In an SEC filing, Coinbase explained that the Wells Notice warned of violations of Federal...
Read More »Coinbase Expands to Brazil Supporting The Central Bank’s Payment System PIX
The Brazilian market welcomes Coinbase, the latest global crypto exchange to enter the country, willing to compete with other established giants, such as Binance, Mercado Pago, and Nubank, which have been operating in Brazil for years and have a massive number of users. On March 21, Coinbase, the US-based cryptocurrency exchange, announced its expansion into Brazil through a series of updates that will streamline user transactions. According to the announcement, the...
Read More »Ex-Coinbase CTO Clears the Air on His $2 Million Hyperbitcoinization Bet
Former Coinbase CTO and venture capitalist Balaji Srinivasan has many skeptical of his latest prediction that Bitcoin will moon to $1 million within 90 days. What could he really be after with such a bullish public bet? On Tuesday, Balaji explained that his $2 million gamble isn’t about making money, but about settling an “ideological matter” surrounding U.S. dollar inflation. The Printing is Coming In a tweet response to angel investor Jason Calcanis on Tuesday, Balaji...
Read More »US Supreme Court All Set to Hear First Crypto Case on Tuesday
In the appeal to Supreme Court, crypto exchange Coinbase is willing to send the two lawsuits – Bielski v. Coinbase and Suski v. Coinbase – into arbitration. On Tuesday, March 21, the US Supreme court is all set to hear its first-ever crypto case in history. Nine chief justices will hear the plea from lawyers representing crypto exchange Coinbase asking to pause a pair of class-action lawsuits against the crypto trading platform. However, this case is not quite on the technicalities or the...
Read More »Coinbase Contemplates Launching New Non-US Trading Platform as Authorities Intensify Scrutiny of Crypto Sector
Firms are actively searching for new banking partners as the regulatory climate in the US has now turned sour. Top American crypto exchange Coinbase is presently weighing its options regarding the creation of a new crypto trading platform. According to a Bloomberg report, the platform will be located outside the United States, and Coinbase has already begun talking about the move with institutional clients. Per the report, the exchange is also yet to decide on the particular location to...
Read More »Is Coinbase Moving Abroad? Firm Begins Talks to Launch Platform Overseas (Report)
Coinbase, America’s largest crypto exchange, is reportedly in talks to set up a new digital asset trading platform overseas that can offer access to global clients. The discussions, which remain confidential, have yet to establish a precise location for the global marketplace, three people familiar with the matter told Bloomberg. However, the exchange has already made contact with market makers about how to connect to it. “International expansion is going to continue to be...
Read More »Cathie Wood’s Ark Invest Raises $16 Million for Another Crypto Fund
Cathie Wood praised crypto assets for proving to be safe havens as crisis unfolded in the US banking system last week. Ark Investment‘s Cathie Wood is known for making some of the bold bets in crypto. Even during the strong downfall of 2022, Cathie Wood has been a regular investor in crypto companies like Coinbase. In another such development, ARK Investment Management LLC managed to raise a staggering $16 million from investors for a new crypto-focused investments fund. On Wednesday,...
Read More »Coinbase Anticipates High Demand for Unstaking After Shanghai Upgrade
America’s largest cryptocurrency exchange is expecting a flood of staking withdrawal requests after Ethereum developers enable the functionality next month. While providing details about how the upgrade will impact the business on Wednesday, Coinbase said it could take “weeks to months” for unstaking requests to be fully processed. Shapella is Coming In a blog post on the matter, Coinbase explained that the upcoming Shanghai and Capella upgrades (collectively known as...
Read More »Coinbase Announces Partnership With Standard Chartered Amidst Banking Sector Turmoil
Coinbase is ramping up its expansion effort, with Singapore being the first stop. As part of its ambitious plan, the crypto exchange has announced forging a strategic banking partnership with Standard Chartered in the city-state to provide its users with an option to move funds between any lender and Coinbase. The news comes amidst the crypto industry losing a number of banking on- and off-ramps due to the recent turmoil in the US banking industry. Coinbase-Singapore...
Read More »Coinbase Launches Local Bank Transfers for Singapore Users at Zero Cost
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