Cryptocurrency Analysis and News Portal
Coinbase’s stock fell over 4% in after-hours trading following the release of the company’s third quarter earnings on Thursday, which showed declining revenue and profits compared to the previous quarter. Crypto enthusiast and Lumida Wealth Management CEO Ram Ahluwalla believes there is still a bull case for Coinbase, but the company
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Coinbase Chief Legal Officer Paul Grewal discusses the prospective approval of Bitcoin spot ETFs by the U.S. SEC and its potential impact on the cryptocurrency landscape. In an Oct. 19 interview with CNBC, Paul Grewal, the chief legal officer of crypto exchange Coinbase, expressed a sanguine outlook on the potential approval
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The bitcoin price could rise to between $42,000 and $56,000 if the BlackRock ETF is approved, according to crypto services provider Matrixport. Such bullish price action would also help crypto-linked stocks such as Coinbase, MicroStrategy (MSTR) and miners including Marathon (MARA), Riot Platforms (RIOT). Source
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Coinbase-supported Base Layer 2 network has open-sourced its code repositories, aiming to enhance transparency and encourage public contributions. The Base Layer 2 network, incubated by Coinbase, recently open-sourced its code repositories. This step is designed to promote transparency and enable public contributions to the project. Developers can now access Base’s core
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Amid recent geopolitical events impacting investor decisions, a regulatory clash in the U.S. involving crypto exchange Coinbase and the Securities and Exchange Commission (SEC) resurfaces. Since June, Coinbase has been entangled in a legal battle with the SEC over allegations of operating as an unregistered exchange. While there are other ongoing
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Coinbase’s tax leader has requested the IRS to reconsider its proposed cryptocurrency tax guidelines. Coinbase, one of the prominent digital asset platforms, has openly objected to the U.S. Treasury Department’s new propositions on digital asset transaction reporting by brokers. The company’s chief concerns center around potential invasions of user privacy and
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The first tokenized security of the protocol was just launched on Coinbase’s scalability layer Base. Decentralized finance (DeFi) startup Backed.fi announced today that it has issued the first tokenized security on Base – bIB01, a tokenized short-term US treasury bond ETF. This launch transaction marks the first tokenized real-world asset (RWA)
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The market for tokenized U.S. Treasuries has grown sixfold this year to $666 million, according to a real-world asset data provider. Source
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The United States Securities and Exchange Commission has asked a federal judge to deny Coinbase’s motion to dismiss a lawsuit by the regulator.In an Oct. 3 filing in a New York District Court, the SEC hit back at claims in Coinbase’s dismissal motion and reiterated its belief that some of
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“To distract from the fatal flaws in its legal arguments, Coinbase cries foul and seeks to blame the SEC for its current legal predicament,” the SEC said Tuesday. “It contends the SEC blessed Coinbase’s violative conduct when Coinbase went public, that SEC Chair Gary Gensler’s answer to a question at
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