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Coinbase Alerts Users to CFTC Subpoena Linked to Bybit Investigation

Customers who have interacted with both Coinbase and Bybit reported receiving emails from Coinbase notifying them of the CFTC subpoena. Leading American cryptocurrency exchange Coinbase has issued warnings to an undisclosed number of users regarding a subpoena it received from the United States Commodity Futures Trading Commission (CFTC) about Bybit,

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Coinbase informs select users of CFTC-Bybit probe

Brian Armstrong’s U.S. crypto exchange emailed some users about a court summons received from the CFTC regarding rival platform Bybit. Coinbase, America’s largest crypto exchange, sent emails to select customers concerning a subpoena the company received from the Commodity Futures Trading Commission (CFTC) in the regulator’s investigation into Bybit, a Dubai-headquartered

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Coinbase warns customers about subpoena in apparent CFTC Bybit probe

Coinbase is warning that it has received a subpoena from the United States Commodity Futures Trading Commission (CFTC), according to X (formerly Twitter) users who have posted copies of the message. The CFTC is seeking information about the Bybit cryptocurrency exchange.Recipients have speculated that any Coinbase customer who also used

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Coinbase (COIN) CEO Armstrong Says Binance Settlement Will Turn the Page on Crypto’s ‘Bad Actors’

He also said that the criminal enforcement actions against Binance and the once-popular but now bankrupt crypto exchange FTX show that taking your business offshore doesn’t work. While Binance is a Hong Kong-based company, mostly focused on business in the Asia Pacific region, FTX was headquartered in the Bahamas. Source

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Cathie Wood’s Ark Invest Offloads $5.3M in Coinbase Holdings and Acquires $1.2M Worth of Robinhood Shares

Ark Invest seems to be rearranging its investment portfolio and has continued to sell huge amounts of Coinbase, while acquiring Robinhood shares. Cathie Wood’s investment firm, Ark Invest, made notable moves in its portfolio on Monday, marking a strategic shift in its crypto and fintech holdings. Ark Invest sold a substantial

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Coinbase CEO Says It’s Time to See What Lies Ahead after Binance Settlement

Armstrong emphasized the significant role of various crypto companies in shaping the global crypto economy and transforming the financial system, particularly noting the prevalence of smaller startups. He underscored the importance of regulatory clarity, anticipating that it would contribute to increased investment, particularly from institutional sources. Last week, the US Department

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Coinbase (COIN) Stock Soars to 18-Month High as Investors Crypto Interest Grows despite Binance Legal Issues

COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high. Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has seen its stock price

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