Coinbase

Ark Invest Buys $21 Million Worth of Coinbase Shares

June 7, 2023 2 mins read

Cathie Wood’s Ark Invest has shown unwavering confidence in Coinbase, the prominent crypto exchange operator, by purchasing additional shares on the same day the company was hit with a lawsuit by the US SEC. The move comes amidst a sharp decline in Coinbase’s stock price due to the legal action. Despite the challenging situation, Ark Invest’s flagship ETF, Ark Innovation, along with its Next Generation Internet ETF and Fintech Innovation

Coinbase CEO Urges Congress to Address SEC Lawsuit and Crypto Regulations

June 7, 2023 2 mins read

Coinbase CEO Brian Armstrong responded to the SEC’s lawsuit against the exchange on Tuesday, June 6, calling it “unjust.” In a series of tweets, Armstrong said that the SEC reviewed Coinbase’s business in 2021 and “allowed us to become a public company,” despite the 2019 claims in the SEC’s lawsuit. “In case it’s not obvious, the Coinbase suit is very different from others out there – the complaint filed against

Coinbase Sued By SEC, Shares Plunge

June 7, 2023 1 min read

The Securities and Exchange Commission (SEC) filed a lawsuit against Coinbase on Tuesday, accusing the cryptocurrency exchange of operating as an unregistered broker. The lawsuit sent shockwaves through the crypto market, sending Coinbase’s stock price down 13% in a single day. The SEC alleges that Coinbase has been facilitating cryptocurrency trades since at least 2019 without registering as a broker with the agency. The agency also claims that Coinbase has

Coinbase Traders Pull Out $600M in a Day Amid SEC Lawsuits

June 7, 2023 1 min read

The U.S. Securities and Exchange Commission (SEC) lawsuits against Coinbase and Binance have prompted a wave of withdrawals from the two crypto exchanges. According to blockchain data firm Nansen, Coinbase saw net outflows of $600 million over a 24-hour period on Monday and Tuesday. Binance saw even larger outflows, with net outflows of $700 million on Monday and $1.2 billion on Tuesday. The outflows come as the SEC is alleging

Binance Lawsuit Sparks Sell-Off in Crypto, Coinbase Shares Drop 10%

June 5, 2023 2 mins read

Shares of Coinbase (COIN) experienced a significant decline of 10.3% following the news of the U.S. Securities and Exchange Commission (SEC) filing a lawsuit against Binance for allegedly violating federal securities law. The market reacted strongly to the potential implications of increased regulatory scrutiny on the broader cryptocurrency industry. This article explores the impact of the SEC lawsuit on Coinbase, bitcoin’s price, and other related stocks. As news of the

Coinbase to Launch Bitcoin and Ethereum Futures Contracts on June 5

June 2, 2023 2 mins read

Coinbase, the largest cryptocurrency exchange in the United States, announced today that it will launch Bitcoin (BTC) and Ethereum (ETH) futures contracts on June 5. The new contracts will be available to trade on Coinbase’s derivatives exchange, which is regulated by the Commodity Futures Trading Commission (CFTC). The launch of BTC and ETH futures contracts is a major development for the cryptocurrency market. It will allow institutional investors to gain

Coinbase CEO Brian Armstrong Slams US Crypto Regulation, Says China is Winning

May 31, 2023 1 min read

Coinbase CEO Brian Armstrong criticized US lawmakers and regulators over their approach to bringing “regulatory clarity” to cryptocurrency in an opinion article published on Tuesday. “By enforcing restrictive policies, the U.S. is inadvertently driving crypto-innovation offshore,” Armstrong wrote. “That shift will compromise America’s legacy of pioneering technological advancements, and weaken our national security posture.” Armstrong’s criticism comes as the US government is still struggling to come up with a comprehensive

Coinbase Launches New Wallet as a Service for Ethereum

May 24, 2023 2 mins read

Coinbase has launched a new Web3 wallet solution called “Wallet as a Service” (WaaS) on the Ethereum mainnet. The new service, a version of the crypto firm’s cloud product, went live on May 23 and utilizes a multi-party computation (MPC) protocol. WaaS reportedly employs cutting-edge multi-party computing (MPC) technology to safeguard the private keys of its users. It is equipped with MPC for both key generation and message signing, which

Coinbase to Launch Crypto Exchange in Singapore

May 18, 2023 1 min read

Coinbase, the largest cryptocurrency exchange in the United States, is expanding to Singapore. The move comes as the US Securities and Exchange Commission (SEC) has denied Coinbase’s application to list a crypto exchange-traded fund (ETF). Coinbase said that it chose Singapore because of its “business-friendly environment and strong regulatory framework.” The company also said that Singapore is a “key strategic market” for its global expansion. The expansion to Singapore is

Bitcoin Whales Move Over $627 Million in BTC

May 17, 2023 1 min read

Coinbase exchange transferred over $627 million worth of Bitcoin (BTC) to two unknown wallets. The movements come as the price of BTC has been shrinking, falling to $26,986 on May 17, 2023. The largest transaction, worth $316.3 million, was sent from a wallet address that has been dormant for over a year. The wallet address is believed to belong to a large Bitcoin mining operation. The other transaction was sent

Coinbase Pauses ETH Staking Reward Withdrawals for Up to Three Days

May 17, 2023 1 min read

Coinbase, the largest cryptocurrency exchange in the United States, has temporarily halted the payout of ETH staking rewards. The company said that the suspension is due to a “minor technical issue” and that it expects to resolve the issue within 48-72 hours. ETH staking is a process of locking up ETH tokens in order to participate in the Ethereum network’s proof-of-stake consensus mechanism. Stakers are rewarded with ETH tokens for

Coinbase Launches New Exchange Outside the U.S. Following Regulatory Tussle

May 4, 2023 1 min read

Coinbase, the largest cryptocurrency exchange in the U.S., has launched the Coinbase International Exchange, which will be accessible to institutional investors outside the country. The move follows a regulatory dispute with the Securities and Exchange Commission (SEC) over the past few weeks. Institutional investors will be able to trade perpetual Bitcoin and Ethereum futures with leverage of up to 5x. In a blog post announcing the debut of the international