Archives

June 6, 2023 @ 10:32 am By JD Alois  |  

Following the revelation of charges filed against Binance and its founder, the Securities and Exchange Commission (SEC) has filed similar charges against Coinbase (NASDAQ:COIN) – the US’s only publicly traded crypto exchange. The charges against Coinbase include operating an unregistered securities exchange, acting a broker,… Read More

June 5, 2023 @ 5:43 pm By JD Alois  |  

Shares in Coinbase (NASDAQ:COIN), the only publicly traded pure-play crypto exchange and digital asset ecosystem, sank over 9% today as the news filtered out that the Securities and Exchange Commission (SEC) had filed 13 individual charges against Binance, Binance.US and its founder Chengpang Zhao. As… Read More

May 30, 2023 @ 4:20 pm By JD Alois  |  

Former Coinbase (NASDAQ:COIN) executive Ishan Wahi and his brother, Nikhil Wahi, have agreed to settle charges leveled by the Securities and Exchange Commission (SEC). In mid-2022, the SEC announced the charges alleging insider trading. The defendants were allegedly benefiting from information prior to it becoming public… Read More

May 17, 2023 @ 9:22 am By JD Alois  |  

On Monday, Coinbase (NASDAQ:COIN) revealed that the Securities and Exchange Commission (SEC) has finally responded to its request for rulemaking on digital assets. That answer was as anticipated as the Commission declined to pursue new rules. Last month, Paul Grewal, the Chief Legal Officer of… Read More

May 11, 2023 @ 6:17 am By Omar Faridi  |  

Ishan Wahi was sentenced to two years in prison for allegedly “tipping his associates regarding crypto-assets that were going to be listed on Coinbase Exchanges.” Damian Williams, the United States Attorney for the Southern District of New York, announced “that ISHAN WAHI, a former product… Read More

May 6, 2023 @ 9:17 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) notes that it’s time to update the system. They also pointed out that the majority of financial systems were built over 100 years ago. According to the firm, the rules are “outdated, the technology has been slow to catch up, and all over… Read More

April 27, 2023 @ 4:11 pm By JD Alois  |  

Coinbase (NASDAQ:COIN)  has posted a 73-page response to the Securities and Exchange Commission’s (SEC) Wells Notice which indicates a high likelihood of an enforcement action by the commission. Last month, Coinbase revealed it was in receipt of the Wells Notice while taking a defiant stance against… Read More

April 25, 2023 @ 9:46 am By JD Alois  |  

Yesterday, Coinbase (NASDAQ:COIN) announced that it had filed a “limited action” against the Securities and Exchange Commission (SEC) as it has ignored its petition for clearly defined digital asset rules. The SEC is statutorily required to respond to a petition within a reasonable amount of time. It… Read More

April 24, 2023 @ 10:45 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) is going on the offensive with the Securities and Exchange Commission (SEC) and its insistence that all digital assets are securities and thus regulated the same. In a blog post, Paul Grewal, the Chief Legal Officer of Coinbase, explained the company had filed… Read More

April 21, 2023 @ 4:52 pm By JD Alois  |  

Earlier today, Brian Armstrong, CEO of Coinbase (NASDAQ:COIN) visited with officials at the Securities and Exchange Commission (SEC).  Armstrong revealed the trip in a Tweet stating: “Met with the SEC today. We’ll continue pushing for a clear rule book in the U.S. for crypto regs…. Read More

April 19, 2023 @ 8:46 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) is reportedly getting ready for an anticipated “years-long” court case with the US Securities and Exchange Commission (SEC). This, according to a report from CNBC, which is citing comments from Coinbase CEO Brian Armstrong. It appears that this update has come after the… Read More

April 18, 2023 @ 7:45 am By Omar Faridi  |  

Coinbase (NASDAQ:COIN) notes that we should never doubt the importance of the UK and Europe to their business operations. Coinbase writes in a blog post that they may be a US-listed company but they know that “to succeed in their mission of increasing economic freedom,… Read More

March 27, 2023 @ 3:23 pm By Omar Faridi  |  

Crypto appears to have chosen an unlikely supporter in its ongoing struggle against oversight by the US Securities and Exchange Commission: an ex- Coinbase worker who was convicted of allegedly engaging in insider trading. This, according to a recent report by the WSJ. Ishan Wahi,… Read More

March 23, 2023 @ 10:14 am By JD Alois  |  

Yesterday, the only publicly traded digital asset exchange, Coinbase (NASDAQ:COIN), announced that it has received a Wells Notice from the SEC indicating there is a high possibility of an enforcement action. Coinbase criticized the move by the SEC, stating that it has attempted to engage with the… Read More

March 22, 2023 @ 5:51 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has posted a statement indicating it has received a Wells Notice from the Securities and Exchange Commission (SEC). A Wells Notice is effectively a heads-up that the SEC is conducting an investigation for any potential infractions. While not a definitive indicator of a looming… Read More

March 21, 2023 @ 8:45 am By Omar Faridi  |  

The UK has an “impressive” innovation infrastructure, including major research universities and levels of investment in Fintech only exceeded by the US, according to an update shared by Coinbase (NASDAQ:COIN). This has “contributed to the UK’s success in incubating and hosting some of Europe’s largest… Read More

March 15, 2023 @ 6:30 pm By Omar Faridi  |  

As Coinbase (NASDAQ:COIN) prepares to ramp up their international expansion over the next 8 weeks, they are beginning this journey in Singapore. Their upgraded retail platform, in addition to their new strategic banking partnership with Standard Chartered, aims “to provide you with a seamless, safe,… Read More

March 5, 2023 @ 9:03 pm By Omar Faridi  |  

With over $130 billion of quarterly institutional trading volume and over $50 billion of institutional assets on platform, Coinbase (NASDAQ:COIN) claims it “operates at the center of the institutional digital asset market.” Their products are purpose-built “to provide secure access to digital assets and Web3…. Read More

March 1, 2023 @ 4:02 pm By JD Alois  |  

Brian Armstrong, CEO of Coinbase (NASDAQ:COIN) has published an Op-Ed on CNBC lambasting public officials that are standing in the way of digital asset innovation. Coinbase, the only publicly traded crypto exchange in the US, may end up being collateral damage to the ongoing onslaught… Read More

February 27, 2023 @ 12:28 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has announced via Twitter that it will cease trading in Binance USD (BUSD) on March 13, 2023. We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent reviews, Coinbase will suspend trading for Binance… Read More