Tagged: coinbase

February 13, 2023 @ 1:47 pm By Omar Faridi  |  

As more of the crypto ecosystem adopts proof of stake over the more energy-intensive proof of work protocol, crypto users around the world are “being introduced to the benefits of ‘staking,” according to an update from Coinbase (NASDAQ:COIN). Paul Grewal, Chief Legal Officer at Coinbase,… Read More

February 13, 2023 @ 10:21 am By JD Alois  |  

The SEC’s takedown of Kraken’s staking service continues to generate after-shocks as the digital asset industry ponders its ability to provide services to US customers. Kraken paid a $30 million penalty to make the issue go away without admitting or denying any guilt regarding the… Read More

February 10, 2023 @ 9:25 am By JD Alois  |  

  SEC Chair Gary Gensler received some face time this morning on CNBC in the wake of the Commission’s enforcement action taken against crypto exchange Kraken. The platform was compelled to pay a $30 million penalty for its staking service offered to US investors. Staking… Read More

February 9, 2023 @ 4:53 pm By JD Alois  |  

Shares in Coinbase (NASDAQ:COIN), the only publicly traded crypto exchange in the US, tanked today – perhaps reacting to the SEC’s enforcement action taken against rival crypto exchange Kraken. In a complaint revealed today, the SEC claimed that crypto staking, or staking as a service,… Read More

February 9, 2023 @ 4:06 pm By JD Alois  |  

Following industry rumblings anticipating the move, the Securities and Exchange Commission (SEC) has taken action against crypto exchange Kraken in regard to their staking service. Kraken has settled the charges by the SEC without admitting or denying the allegations and paying a $30 million penalty…. Read More

February 9, 2023 @ 9:46 am By JD Alois  |  

Brian Armstrong, CEO and founder of Coinbase (NASDAQ:COIN), took to Twitter yesterday to share his belief that crypto staking is doomed as regulators – the Securities and Exchange Commission (SEC) – will soon kill off the popular method of generating revenue for parked crypto. Currently,… Read More

January 26, 2023 @ 11:10 am By JD Alois  |  

The DNB considers the non-compliance to be very severe. The Dutch Central Bank (De Nederlandsche Bank or DNB) has fined Coinbase Europe Limited €3,325,000. The administrative penalty was assessed as Coinbase (NASDAQ:COIN) had been providing digital asset services in the Netherlands without registration and thus… Read More

January 25, 2023 @ 9:29 am By Omar Faridi  |  

In a report titled, Monitoring the Currents of the Crypto Market, Matías Andrade and Kyle Waters from Coinmetrics noted that the digital asset market is “experiencing a surge in activity as we kick off the new year. The update from Coinmetrics points out that Bitcoin… Read More

January 18, 2023 @ 7:47 am By Omar Faridi  |  

Digital asset firm Coinbase (NASDAQ:COIN) reveals that the harsh market conditions have led to the company  makin the difficult decision “to halt operations in Japan and to conduct a complete review of ther business in the country.” However, Coinbase is committed “to making this transition… Read More

January 10, 2023 @ 8:06 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the largest crypto exchange in the US and the only one that is publicly traded, will slash its employee headcount by approximately 950 individuals as part of a move to adjust to the challenging economic environment. Coinbase said it will also cut operating… Read More

January 4, 2023 @ 3:00 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) will pay $50 million to the New York Department of Financial Services (NYDFS) to settle a “compliance investigation.” Coinbase has been licensed by the regulator to conduct a virtual currency business and money-transmitting business in the State of New York since 2017. DFS… Read More

December 22, 2022 @ 11:27 pm By Omar Faridi  |  

2022 has been a “meaningful” year for Coinbase’s (NASDAQ:COIN) international expansion, and before they draw it to a close, they want to share some additional updates. Coinbase has been “granted approval by the Central Bank of Ireland to operate as a Virtual Asset Service Provider… Read More

December 9, 2022 @ 9:25 am By JD Alois  |  

Coinbase (NASDAQ:COIN), the top crypto exchange in the US, has posted a statement telling customers to migrate from Tether – USDT, to USDC – the dollar-based stablecoin issued by Circle. In the post’s headline, Coinbase calls USDC “trusted and reputable,” insinuating that Tether is, well,… Read More

December 7, 2022 @ 3:47 pm By JD Alois  |  

Coinbase (NASDAQ:COIN), the only publicly traded crypto exchange, is not having a very good year. In fact, Coinbase CEO Brian Armstrong recently commented in an interview that revenue in fiscal year 2022 is expected to be half of what the exchange delivered in 2021. The… Read More

December 1, 2022 @ 4:35 pm By JD Alois  |  

Coinbase (NASDAQ:COIN) has taken to Twitter to criticize Apple (NASDAQ:APPL) because it has blocked its most recent App update as Coinbase moved to evade app store fees. Coinbase said that Apple does not understand how NFTs and blockchain work, and thus Apple is in the wrong…. Read More

November 29, 2022 @ 4:55 pm By JD Alois  |  

  Senator Ron Wyden, the Chairman of the Senate Committee on Finance, has sent letters to several crypto exchanges which operate in the US pressing them on consumer protection concerns in the wake of the bankruptcy of FTX. Senator Wyden contacted the following crypto exchanges; … Read More

November 21, 2022 @ 4:46 pm By JD Alois  |  

Grayscale, part of the Digital Currency Group (DCG), published a blog post in recent days telling users that “all digital assets are safe and secure.” Grayscale is the issuer of multiple digital asset-based funds like the Grayscale Bitcoin Trust (OTCQX:GBTC), which is traded on OTC… Read More

November 19, 2022 @ 12:24 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) is rolling out Easy Bank Transfers, which are described as “a seamless and secure way for UK users to add money to their Coinbase account.” As part of Coinbase‘s mission to increase economic freedom in the world, they are “committed to finding ways… Read More

October 24, 2022 @ 7:04 pm By JD Alois  |  

Marqeta (NASDAQ: MQ), best known for its “modern-card” management and issuance platform, is now moving into banking. According to a company release, Marqeta has revealed seven banking products, including: Accounts – Demand Deposit Accounts ACH with Plaid Direct Deposit with an Early Pay option Cash… Read More

October 20, 2022 @ 11:23 am By JD Alois  |  

In a move to support the adoption of USDC, the Circle issued dollar-based stablecoin, Coinbase (NASDAQ:COIN) has waived commission fees when buying or selling USDC via any fiat currency on Coinbase, “from AUD to ZAR.” USDC is the second largest stablecoin by market cap after… Read More