Coinbase

Brian Armstrong Vows to Protect Crypto Staking Service from Securities Classification

February 13, 2023 1 min read

Brian Armstrong, CEO of the largest cryptocurrency exchange in the US, Coinbase, has expressed his commitment to defend the company’s crypto staking services in court against allegations that they should be classified as securities. In a recent tweet, Armstrong shared a blog post written by Paul Grewal, the chief legal officer of Coinbase, which stated that the staking services offered by the exchange do not meet the criteria of a

Dutch regulator fines Coinbase $3.6 million for non-compliance

January 26, 2023 1 min read

Crypto exchange Coinbase has been fined 3,325,000 euros ($3.6 million) by the Dutch Central Bank for offering crypto services to customers in the Netherlands without registering under the anti-money laundering and terrorist financing norms. The fine is due to the company’s failure to comply with the laws in the country. The Dutch Central Bank explained that the fine was increased due to the severity and degree of culpability of the

Coinbase Lists KAVA, Advancing Ethereum–Cosmos Interoperability

January 19, 2023 2 mins read

San Francisco, California, 18th January, 2023, Chainwire Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3. Kava is a decentralized layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. Kava has spent the last year building a deep integration with Coinbase that optimizes the process for Cosmos

Coinbase halts operations in Japan, requests customers to withdraw holdings

January 18, 2023 1 min read

Coinbase, one of the world’s largest cryptocurrency exchanges, has announced that it will halt its operations in Japan. The company has asked its Japanese customers to withdraw any crypto and fiat holdings by February 16th, as it conducts a “complete review” of its business in the country. According to a blog post by Coinbase, after February 16th, any remaining crypto holdings will be converted to Japanese yen and sent to

Crypto exchange Coinbase considers pulling out from Japanese market

January 16, 2023 1 min read

The Japanese cryptocurrency market continues to experience upheaval as the industry continues to experience the fallout from the collapse of FTX. Coinbase’s decision to explore the potential withdrawal of its business from the country could have far-reaching implications for the crypto industry in Japan and beyond. As regulatory expenses are expected to rise, other major players in the industry are also looking to reassess their presence in the market. The

Coinbase cuts 20% of workforce in latest round of layoffs

January 10, 2023 1 min read

Coinbase has announced another round of layoffs, which will affect 950 employees and reduce its operating expenses by 25%. The company CEO Brian Armstrong said that, while the decision was difficult, it was necessary in order to reduce expenses and increase the chances of doing well in every scenario. This is the latest round of layoffs, after the company cut 1,100 jobs, or 18% of its workforce, in June 2022

A Comprehensive Review of Coinbase Exchange: Features, Fees, and More

December 31, 2022 2 mins read

Coinbase is a well-known and reputable cryptocurrency exchange that was founded in 2012. It is headquartered in San Francisco, California, and serves users in over 100 countries around the world. Coinbase is known for its user-friendly interface and easy-to-use platform, making it a great choice for beginners looking to enter the world of cryptocurrency trading. Features One of the key features of Coinbase is its wide range of supported cryptocurrencies.

Coinbase urges its customers to switch from Tether’s USDT to USDC, expressing its disapproval of the former

December 9, 2022 1 min read

Amid increasing concerns about the credibility of Tether’s USDT, Coinbase has announced a campaign to encourage users to switch to its own stablecoin, USDC. By eliminating conversion costs, Coinbase hopes to emphasize the quality of the Circle-backed USD coin reserves. In a Friday blog post, the company stated, “Recent events have put some Stablecoins to the test, and we’ve seen a flight to safety. We believe USDC is a reliable

Crypto exchange Coinbase revenue drops nearly 50%

November 6, 2022 1 min read

Coinbase, the most renowned American crypto exchange, recently released its third-quarter 2022 report. However, its sales figures are unimpressive. Furthermore, the exchange recently released its third-quarter report, which fell short of most analysts’ estimates. According to the report, Coinbase’s revenue fell by half from the previous year due to changes in trading activity. As a result, the company lost around $545 million, compared to a profit of $406 million in

Coinbase requests permission to help Ripple Labs in its ongoing legal battle with SEC

November 1, 2022 1 min read

Cryptocurrency exchange Coinbase has requested permission to assist Ripple Labs in its ongoing legal battle with the SEC. In a series of tweets on October 31, Coinbase’s chief legal officer, Paul Grewal, stated that the exchange had asked the presiding judge for permission to file an amicus brief, citing the case as a “textbook” example of “just how critical fair notice is.” An amicus brief, also known as a “friend

MakerDAO joins forces with Coinbase to become the largest USDC holder

October 25, 2022 1 min read

Coinbase stated on October 24 that the MakerDAO board had voted in favor of the proposal to take custody of $1.6 billion USDC with Coinbase Prime. This means that Coinbase has for the first time extended its USDC rewards program to an institutional client. MakerDAO will keep the money with Coinbase Prime, the company’s institutional broker, and earn 1.5% on it. On October 24, the proposal received 75% of the

Former ICO Veritaseum has filed a $350 million lawsuit against Coinbase for violating its patents

September 24, 2022 1 min read

Another cryptocurrency startup is suing Coinbase, the largest exchange in the country, on the grounds that Coinbase infringed on its proprietary crypto transfer method. According to Reuters, Veritaseum Capital LLC filed the case on Thursday at a federal court in Delaware. The complaint notes that Coinbase is making use of a patent that the US Patent and Trademark Office granted to Reggie Middleton, the founder of Veritaseum, in December of