COINBASE GLOBAL INC
Coinbase flags issues with DOT deposits, withdrawals
Coinbase has shared that some users might be seeing delays when sending or receiving on the DOT network.
Bitcoin rebounds with stocks despite threat to crypto agenda
Bitcoin rebounds more than 4% to above $81,000, tracking a broader recovery in financial markets after the US midterm elections. However, Democratic control of Congress threatens to stall crypto-friendly legislation and increase regulatory scrutiny. Investors are also weighing the impact of political uncertainty, Treasury yields and institutional adoption.
Coinbase seeks OCC trust charter to grow payments business
Coinbase Global Inc., the largest US crypto exchange, is seeking a national trust company charter from the Office of the Comptroller of the Currency. This strategic move aims to streamline oversight for new offerings and integrate digital assets into traditional finance, especially as stablecoin usage expands.
Short sellers bet $11 billion that crypto stock rally won’t last
Total short interest, or the amount that contrarian traders have pledged against crypto stocks, has increased to nearly $11 billion this year, according to a report from S3 Partners LLC on Monday. More than 80% of total short interest in the sector are bets against MicroStrategy Inc. and Coinbase Global Inc.
Coinbase leads crypto stock gains after Ripple Labs' legal victory
Shares of Coinbase Global Inc surged by nearly 25% on Thursday, ahead of other cryptocurrency and blockchain-related companies, following a landmark legal victory in a closely-watched lawsuit involving blockchain company Ripple Labs Inc.
US Supreme Court rules in favor of Coinbase in arbitration dispute
The US Supreme Court has supported Coinbase's stance on moving customer disputes into private arbitration instead of allowing them to proceed with lawsuits. The 5-4 ruling enables Coinbase to pursue its appeal to move claims out of courts and into arbitration. Justice Brett Kavanaugh, along with four other conservative justices, overturned a lower court's ruling that permitted a class action lawsuit to move forward while Coinbase contested that the claims belonged in arbitration. Coinbase asserts that claims should be resolved through arbitration due to its user agreement.
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Former Coinbase manager Ishan Wahi, brother to settle SEC insider trading charges
Ishan Wahi was sentenced to two years in prison earlier this month after pleading guilty to related criminal charges. In January, Nikhil Wahi was sentenced to 10 months in prison.
Crypto exchange Coinbase posts smaller loss on cost cuts, more revenue sources
The company has benefited from its deal for One River Digital Asset Management to ramp up product offerings in subscription and services revenue, while it also launched wallet-as-a-service and other products to scale blockchain.
U.S. crypto exchange Coinbase secures Bermuda licence
Coinbase has secured a license to operate its digital assets business in Bermuda as part of its global expansion plans, and is reportedly in talks regarding a license in Abu Dhabi. The move comes as Coinbase CEO Brian Armstrong warns that crypto firms may be forced to develop in offshore havens if the US and UK do not create regulatory clarity. The exchange is also apparently looking to launch a crypto derivatives exchange in Bermuda. Meanwhile, US regulators are becoming increasingly active against crypto firms, with the SEC threatening to sue Coinbase in March.
Coinbase falls after US SEC threatens to sue over some crypto products
Global regulators are keeping a close watch on the crypto world after a string of high-profile collapses wiped out more than a trillion dollars from the digital assets industry's market capitalization last year.
US SEC threatens to sue Coinbase over some crypto products
The potential enforcement actions would be tied to aspects of Coinbase's spot market as well as its Earn, Prime and Wallet products, the company said.
Coinbase swings to quarterly loss as crypto winter hits trading volume
The digital assets market suffered from dour sentiment over the last year, but the biggest blow to the sector came from the bankruptcy of Sam Bankman-Fried's major crypto exchange FTX in November.
Crypto contagion deepens: Coinbase to lay off about 950 employees
Coinbase said it expects to incur a total of about $149 million to $163 million in restructuring expenses.
Coinbase settles with New York regulators for $100 million
Coinbase, a publicly-traded firm and one of the largest global crypto exchanges, has been under scrutiny from DFS and other regulators. It has previously disclosed receiving investigative subpoenas and requests from the US Securities and Exchange Commission for documents and information.
Coinbase to write off investment that its ventures arm made in FTX: Source
Coinbase had said in a blog post Tuesday that the company has $15 million in deposits on FTX that were used to facilitate business operations and client trades, but that its total exposure is minimal.
Coinbase lays off over 60 employees as cryptocurrencies extend fall
The job cuts, the second time this year, follow a week after "crypto market headwinds" contributed to Coinbase's net loss of $544.6 million
Tiger Global cuts stakes in most of its portfolio
Tiger Global slashed most of its holdings from Robinhood to Zoom Video Communications Inc and Coinbase Global Inc.
Coinbase posts loss as crypto market turmoil hits trading volumes
"Coinbase did not see a mass migration off its platform during the quarter, but its users are becoming more passive in their cryptocurrency investing," said Michael Miller, equity analyst at Morningstar Research.
Coinbase faces SEC probe on crypto listings
The company's legal head Paul Grewal said Coinbase will engage with the SEC on the matter. "We are confident that our rigorous diligence process - a process the SEC has already reviewed - keeps securities off our platform," Grewal said.The SEC's scrutiny has increased ever since the crypto trading platform expanded the number of tokens in which it offers trading, Bloomberg report said, citing two sources.
Ex-Coinbase manager arrested in US crypto insider-trading case
US authorities arrested and charged a former Coinbase Global Inc. product manager with allegedly leaking insider information to help his brother and a friend buy tokens just before they were listed on the crypto exchange.
Crypto prices go haywire on Coinbase, CoinMarketCap.com
Technical glitches have long plagued the cryptocurrency world, with many exchanges often having trouble processing transactions during period of high trading activity. The feature of anonymity that has been a selling point since the development of cryptocurrencies has also made it difficult to resolve hacks and thefts.
China puts Coinbase’s direct listing levels further away
Shares in the cryptocurrency exchange closed on Friday at their lowest since Aug. 3 after China banned all crypto-related transactions. It’s the latest of several events that have pushed the stock 39% below its opening levels on April 14, the day it went public via direct listing.
US SEC threatens to sue Coinbase over crypto lending programme
Programmes that allow owners of cryptocurrencies to lend these in return for interest are becoming more common around the world, but some regulators, particularly in the United States have started to raise concerns
SEC threatens to sue Coinbase over crypto lending programme
Coinbase would delay the launch of its 'Lend' product until at least October as a result.
Cryptocurrency prices tumble and exchange trading falters as snags crop up
Shares of blockchain-related firms also fell as crypto stocks were hit by trading platform outages. But the major focus was on El Salvador, where the government had to temporarily unplug a digital wallet to cope with demand.
Coinbase ties up with Apple Pay, Google Pay in US for everyday shopping
A Coinbase Card added to Apple Pay and Google Pay can be used to buy everyday goods with digital currencies, the biggest US cryptocurrency exchange says in a blogpost.
Options on Coinbase Global start trading in robust volume
Monthly options contracts on Coinbase shares started trading for the first time on all U.S. options exchanges, including ones run by Cboe Global Markets, the Nasdaq and the Intercontinental Exchange, on Tuesday.
Coinbase shares jump 11% day after Nasdaq debut
Coinbase was valued at just under $6 billion as recently as September, but its valuation has surged toe-to-toe with bitcoin's gains this year. The company was valued at $86 billion at the end of Wednesday's trading session.
Bitcoin rallies to all-time high as traders eye Coinbase listing
The token rose as much as 5.5% to $63,246, exceeding the previous peak in March. Cryptocurrency-exposed stocks such as Riot Blockchain Inc. and Marathon Digital Holdings Inc. also advanced.
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