Class Action Lawsuit Claims Coinbase Operates as Unregistered Broker
A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally, the lawsuit charges Coinbase with operating as an unregistered securities broker. Lawsuit Alleges Coinbase Illegally Sold Securities Without Registration According to legal […]
US Judge Dismisses Customer Lawsuit Against Crypto Exchange Coinbase
A U.S. district judge has dismissed a lawsuit against Coinbase and its CEO Brian Armstrong filed by customers of the crypto exchange. The lawsuit alleges that Coinbase sold 79 crypto tokens that are unregistered securities. Customer Lawsuit Against Coinbase Dismissed A proposed class action lawsuit filed in Manhattan by customers of cryptocurrency exchange Coinbase (Nasdaq: […]
Coinbase Secures Regulatory Approval to Operate as a Virtual Asset Service Provider in Ireland
Coinbase has announced it has secured regulatory approval as a virtual asset service provider (VASP) in Ireland, according to a company blog post published on Dec. 21. According to the company, Coinbase has been approved by Ireland’s central bank which means the company can “provide products and services to individuals and institutions in Europe and […]
Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’
Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin. The company’s blog post specifically mentions switching the stablecoin asset tether over to usd coin, and the firm is offering “zero […]
Disclosures Show Shopify’s CEO Bought $3M Worth of Coinbase Shares During the Past 2 Months
Public records show that Shopify’s CEO Tobias Lütke has purchased close to $3 million in Coinbase shares during the last 60 days. Lütke became a Coinbase board member last February and because he is a Coinbase associate, he’s required by law to submit his trades to the U.S. Securities and Exchange Commission (SEC). Since August […]
Coinbase Discloses It Will ‘Evaluate Any ETH Fork Tokens Following The Merge’
The publicly listed firm Coinbase Global has revealed the company plans to evaluate any potential forks that arise from the upcoming Ethereum upgrade known as The Merge. In a recently updated blog post, Coinbase said if a new Ethereum proof-of-work (PoW) token is created it “will be reviewed with the same rigor as any other […]
Cathie Wood of Ark Invest Dumps Coinbase Shares Amid SEC Probe
Coinbase has under pressure from the SEC, as the agency launched a probe after an insider case surfaced. Coinbase Global Inc shares have hit rock bottom at $52.93, as the exchange lost one fifth of its value overnight. Ark Invest lost 50% of its digital assets capital, as well as half of the trademark Ark […]
Coinbase Probed by the SEC over Unregistered Security Trading Allegations
The U.S. Securities and Exchange Commission (SEC) has called out Coinbase for the trading of an alleged 9 unregistered securities. In response, Coinbase affirmed “we don’t trade securities”, 7 out of 9 alleged “securities” are still active on the platform. Last week, the first crypto insider trading case made waves, as it was revealed that […]
Coinbase secures Crypto Asset Service Provider approval in Italy
Coinbase secures Crypto Asset Service Provider approval in Italy ?? Tl;Dr: By meeting the regulatory requirements, Coinbase will continue to offer crypto services in Italy, and has a clear path to bring new products and features to market in the country. By Nana Murugesan, Vice President, International and Business Development As discussed in our recent blog post, […]
Building Across Europe
Tl;dr: As we continue to grow our presence in the UK and Europe, we have met with policymakers in the UK, established a regional Centre of Excellence in Ireland, strengthened operations in DACH with our first hire in Switzerland, and are expanding our footprint across additional European markets. By Nana Murugesan,VP Business Development and International ; Tom […]