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New York regulators announced on Jan. 4 that cryptocurrency exchange Coinbase will pay a $50 million fine and invest a further $50 million in its compliance program, following a settlement with the New York State Department of Financial Services. The fine was issued after regulators found the company had allowed customers
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"Today Coinbase and NYDFS have come to an agreement to settle a NYDFS investigation, disclosed in our 2021 annual 10K filing, into our historical compliance program," wrote Paul Grewal, Coinbase's Chief Legal Officer, in an email to CoinDesk. "Coinbase has taken substantial measures to address these historical shortcomings and remains
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Noted investor Cathie Wood’s ARK Invest made its largest investment in Coinbase’s (COIN) stock since Dec. 14 on Thursday, adding about $5.5 million of the crypto exchange's shares, based on closing prices. The firm bought more than 158,000 shares for its ARK Fintech Innovation ETF. Coinbase's stock closed at $34.78
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Many investors on Wall Street are increasingly becoming bullish about the crypto ecosystem and the technology powering the different digital assets.Prominent fund manager, Cathie Wood has acquired an additional 158,000 shares of Coinbase Global Inc (NASDAQ: COIN) worth a total of $5 million as the trading platform’s stock continues to
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Crypto exchange Coinbase plunged to a $32.65 all-time low as the S&P 500 and the Nasdaq Composite also slipped up.Coinbase (NASDAQ: COIN) recently fell 8% to an all-time low of $32.65 following a sluggish trading day. The slow session was also accompanied by slow movement in the S&P 500 and Nasdaq
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Place/Date: Singapore, SG - December 23rd, 2022 at 9:09 pm UTC · 3 min read Contact: Dan Horowitz, Source: MarketAcross AAG, a web3 infrastructure company, has integrated Coinbase Pay to enhance the fiat on-ramping features of its new user focused MetaOne Wallet. The integration will make it easier
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The collapse of Terra Luna and algorithmic stablecoin TerraUSD in May was one of the biggest setbacks for the broader crypto market this year. The previously thriving Terra ecosystem was completely wiped out in a matter of days, except for the Terra Luna token, which was resurrected as Terra Luna
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This is not the exchange’s first license in Ireland as Coinbase has been active in Ireland since 2018.The Central Bank of Ireland has issued a VASP license to the crypto exchange Coinbase. The license will cover two Coinbase subsidiaries: Coinbase Europe Limited and Coinbase Custody International Limited.While the first provides
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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
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Crypto exchange Coinbase was granted permission by the Central Bank of Ireland to act as a virtual asset service provider (VASP), according to a Dec. 21 announcement. The company’s operations in the country will be overseen by Cormac Dinan, a former employee of Crypto.com, Deloitte and Citigroup.Under the VASP registration,
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