On July 3, Nasdaq revealed that the world’s largest asset manager BlackRock had re-filed its application for a spot Bitcoin ETF. The details added included a “surveillance-sharing agreement” with U.S. cryptocurrency exchange Coinbase. The move has given a big boost to Coinbase shares and crypto markets, which have marched higher again today. JUST IN: BlackRock...Read More
Last week, Coinbase filed to dismiss the charges brought against it by the SEC. Motivating its approach, the exchange accused the agency of overreach, stating that crypto assets may not even come under their purview. The leading US crypto exchange also accused the SEC of ignoring prior approvals given for the sale of some of...Read More
Coinbase’s developed Layer 2 network – Base – is gearing up for a mainnet launch. Since its deployment on testnet earlier this year, Base has already met 4 out of 5 of the criteria for the upcoming event while giving security the top-most priority in its goal to attract the next million developers and a...Read More
Merely a few weeks after the SEC sued the platform for facilitating unregistered trading with 12 tokens that the agency considers to be securities, Coinbase’s legal representatives have filed for a complete dismissal of the lawsuit, citing concerns regarding the legal authority of the regulator. Prior Approval Disregarded One of the principal arguments laid out...Read More
A Canadian House committee published a report on Wednesday providing 16 recommendations for how the nation’s government should regulate the blockchain industry – and they’re remarkably bullish. Crypto exchange Coinbase praised the report, saying it was “encouraged by the forward-thinking approach of the parliamentary committee.” Opening Canada to Crypto In its first recommendation, The Parliamentary...Read More
Hut 8 announced entering into a $50 million credit facility with Coinbase Credit as the lender. In a statement, the North American crypto miner revealed that the proceeds from the loan will be used for general corporate purposes while providing it with added financial flexibility and helping it maintain a dynamic Bitcoin treasury management strategy....Read More
Joseph Chalom – BlackRock’s head of strategic partnerships – thinks the current regulatory environment is not quite welcoming for leading institutional investors to participate in Decentralized Finance. He predicted that crypto firms like Coinbase could play a vital role in such a transition in the future, acting as a bridge between DeFi and traditional finance....Read More
A new report by America’s largest cryptocurrency exchange Coinbase revealed that the effect of Bitcoin halving events on the asset’s performance is still unclear as several exogenous factors play significant roles in the market’s behavior. While the halving is viewed positively because it is believed to enhance BTC’s prospective scarcity and support its supply-demand dynamics,...Read More
The $10 trillion asset management giant BlackRock filed with the Securities and Exchange Commission (SEC) to launch a Bitcoin Spot ETF on Thursday – a product yet to see life within the United States. BlackRock plans to partner with Coinbase to provide custody for the Bitcoin backing the funds, as with its Bitcoin trading service...Read More
The blockchain analytics provider – Santiment – revealed that bitcoin’s supply on cryptocurrency exchanges currently stands at 6.4%, which is the lowest level since February 2018. The rapid shift toward self-custody methods could be a result of the SEC’s legal actions against two of the leading crypto platforms – Binance and Coinbase. The Commission recently...Read More
On June 14, Coinbase chief legal officer Paul Grewal updated the situation on the SEC response to the company’s repeated calls for regulatory clarity. The watchdog, which has launched an outright attack on the industry this year, “repeated the fallacy that they haven’t made any decision on new crypto rules,” he reported from the filing....Read More
A week after the Securities and Exchange Commission (SEC) filed a civil enforcement action against Binance.US, the crypto exchange has hit back, stating that all of the regulator’s claims are invalid. Binance argued against the SEC for a temporary restraining order on the company, also known as BAM Trading, and said that such an action...Read More
Glassnode published a report on Monday breaking down investors’ on-chain behavior after the U.S. Securities and Exchange Commission (SEC) sued two of the world’s largest cryptocurrency exchanges. The report acknowledged a boost to the number of short-term crypto holders sending their balances onto exchanges. Exchange Deposits and Withdrawals The report echoed findings from last week...Read More
US-based trading firm Robinhood announced the delisting of Solana (SOL), Cardano (ADA), and Polygon (MATIC) after the Securities and Exchange Commission (SEC) labeled them as securities in the suits against two crypto heavyweights. The company, which recently ventured into crypto, said the SEC’s claim cast a cloud of uncertainty around these assets and, as a...Read More
Following lawsuits against Binance and Coinbase, U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has made his intentions clear about the digital assets class. These are securities, nothing less, he asserted in a recent interaction. They should be registered with the agency before being offered to investors or meet the requirements to seek exemptions,...Read More
The situation between Coinbase, Binance, and the United States Securities and Exchange Commission is likely to get ugly before a resolution is reached in one direction or another. However, Ripple has been at the forefront of the SEC’s legal actions as it received the first blow from the securities regulator during the winter of 2020....Read More
The overall market cap fell to $1.07 trillion – a level last seen three months ago – before a modest recovery to the press time figure of $1.1 trillion. Bitcoin, for one, dumped close to a two-month-low after weeks of trading largely rangebound in recent months. Several top altcoins posted higher losses prompting concerns about...Read More
Robinhood Markets is weighing on its crypto offerings according to the firm’s legal chief Dan Gallagher amid intensified crackdown on the industry. The move comes as the securities regulator targeted a broad swath of the digital asset market, launching a pair of lawsuits against two heavyweights – Binance and Coinbase – that together account for...Read More
Coinbase CEO Brian Armstrong spoke at length on Wednesday about his initial reaction to the Securities and Exchange Commission (SEC)’s lawsuit against his exchange. The executive responded to SEC Chairman Gary Gensler’s claims about the market not needing more “digital currency,” and debated whether the SEC is acting in good faith. An Avalanche of Currencies...Read More
Cathie Wood’s Ark Investment Management has doubled down on its bullish stance on Coinbase, the largest cryptocurrency exchange in America. The investment management firm has purchased another pile of Coinbase (COIN) stock following a price dip caused by the recent SEC lawsuit against the exchange. Recall that the U.S. Securities and Exchange Commission (SEC) sued...Read More
In the heat of SEC’s enforcement actions against Binance and Coinbase, a simple “Yes” by Jack Dorsey on Twitter elicited a flurry of comments. It all started when a Twitter user asked Dorsey if he thinks Ether is a security, to which he answered in the affirmative. Jack Dorsey’s Ether Rant A known Bitcoin supporter,...Read More
The US Securities and Exchange Commission (SEC) seems to be out to prove that at least one crypto asset is a security, as stated by Chairman Gary Gensler. The SEC recently sued two of the biggest exchanges back-to-back, Binance and Coinbase, alleging that both companies failed to register as crypto brokers, exchange, and clearing agencies....Read More
Retail traders and investors are not the only ones suffering in America’s war on crypto. Company executives are also seeing their fortunes diminished due to recent enforcement actions. This week, the SEC sued both Binance and Coinbase, dousing the flames of optimism for the crypto industry in 2023 following the cycle bottom after FTX collapsed....Read More
Coinbase CEO Brian Armstrong is not shaken by the U.S. Securities and Exchange Commission (SEC)’s new lawsuit against his exchange. Both the executive and his company responded with brief arguments on Monday as to why Coinbase will reign victorious in its legal battle with the regulator. A Chance to Win Clarity In a tweet on...Read More
The U.S. Securities and Exchange Commission (SEC)’s charges against Coinbase are largely reminiscent of its Binance case from just a day prior – but also contain some key differences. Here’s a closer look at the text and implications of the commission’s 101-page lawsuit against America’s largest crypto exchange. Coinbase and Binance: Lawsuits Compared Much like...Read More
Coinbase (COIN) fell 13% on Tuesday after the U.S. Securities and Exchange Commission (SEC) launched a major lawsuit against the firm for violating securities laws. Yet the agency isn’t alone: Alabama’s securities regulator is also targeting Coinbase, specifically for its failure to register its staking product. The Need for Registration In a separate filing on...Read More
The US Securities and Exchange Commission has filed a lawsuit against Coinbase – in what seems to be the latest turn of events. The motion comes a day after the SEC also filed against Binance. The two cryptocurrency heavyweights are under some serious fire, but a closer look into the lawsuit against Coinbase reveals some...Read More
It appears Binance is not the only crypto heavyweight that the SEC is aimed at. The US Securities and Exchange Commission has just filed another lawsuit – this time against the leading US-based cryptocurrency exchange and a publicly-traded company in the US – Coinbase. SEC Charges Coinbase With Violating Securities Laws In a brand new...Read More
Just one day after launching a slew of charges against Binance, the U.S. Securities and Exchange Commission (SEC) has filed a 101-page lawsuit against Coinbase – America’s largest cryptocurrency exchange. Similar to Binance, the agency alleged that Coinbase has failed to register as either a broker, national securities exchange, or clearing agency, despite serving the...Read More
Popular crypto exchange Coinbase will launch Bitcoin and Ethereum futures contracts for institutional investors on June 5, the company said on its website. The company will launch these products through CFTC-regulated Coinbase Derivative Exchange, promising lower fees than other US-regulated derivatives exchanges. BTI and ETI for Institutional Investors Coinbase has partnered with leading FCMs (Futures...Read More
