Tagged: brian armstrong

Coinbase Shares Jump Over 15% Following Q4 Earnings Report

Shares in Coinbase (NASDAQ:COIN), the largest crypto exchange in the US, jumped considerably higher today following the release of its Q4 and full year 2023 results. The company beat analyst expectations delivering a profit – the first in several years. Currently, Coinbase shares are trading… Read More

Coinbase Welcomes Former UK Finance Minister As Advisor

A former UK finance minister on Wednesday (January 31, 2024) has reportedly joined crypto exchange Coinbase (NASDAQ:COIN) to serve as the firm’s global advisor. As reported by CNBC, this latest appointment made by Coinbase is expected to strengthen the digital asset firm’s regulatory position at… Read More

Coinbase International Approved by Bermuda Monetary Authority for Perpetual Futures Trading

Coinbase International Exchange (NASDAQ:COIN) has been approved by the Bermuda Monetary Authority (BMA) to enable perpetual futures for eligible non-US retail customers in certain jurisdictions, according to a statement by the company. Coinbase said it will begin to offer perpetual futures trading in the next… Read More

Chase UK’s Crypto Ban Will Not Prevent Fraudulent Activities, Scams, CoinCover CEO Claims

JPMorgan‘s (NYSE: JPM) UK-based retail bank Chase has reportedly decided to ban crypto-related transactions that are made by its clients, starting from October 16, 2023. This bank says it made the decision because of a significant rise in fraudulent activities and scams. A bank representative… Read More

Major Financial Hubs Now Providing More Regulatory Clarity on Crypto, Coinbase Report Claims

As momentum for crypto builds around the world, Coinbase (NASDAQ:COIN) is executing on Phase II of their “Go Broad, Go Deep” strategy for international expansion. Coinbase says that it sees the following: 1) enactment of clear rules; 2) innovation of more efficient, more accessible products… Read More

Coinbase Welcomes Crypto Startups to Work on Innovative Ideas, Expands TRUST Solution to the UK

Brian Armstrong, CEO at Coinbase (NASDAQ:COIN), has shared several ideas that he claims to be most excited about in crypto right now. The Coinbase Chief Executive says that if you’re building something in crypto or thinking about doing so – check it out. They are… Read More

Before Coinbase Lawsuit, SEC Reportedly Requested the Crypto Exchange to Only Support Bitcoin (BTC) Trading

The US Securities and Exchange Commission (SEC) had reportedly requested Coinbase (NASDAQ:COIN) to halt trading in all virtual currencies with the exception of Bitcoin (BTC) prior to filing a lawsuit against the crypto exchange in June of this year, the Financial Times revealed on Monday… Read More

Coinbase Posts Response to SEC’s Wells Notice, Launches #Crypto435 for Supporters to Aid in the Battle with Regulators

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

After Trip to the UK, Coinbase CEO Brian Armstrong Visits with US Securities and Exchange Commission

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

Coinbase Might Relocate to UK, Other Jurisdictions: Report

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

Coinbase Reveals that the UK Is A Fast-Growing Digital Asset, Web3 Market, as EU to Adopt Markets in Crypto-Assets (MiCA) Regulation

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

Coinbase Receives Wells Notice from SEC Indicating a Possible Enforcement Action Against the Digital Asset Exchange

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

CEO of Coinbase Brian Armstrong Pens Editorial Telling Policymakers Crypto Offshoring is Bad for the Country

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

Coinbase Reports Q4 Earnings, Better Than Expected, But Shares Dip in After Hours Trading

Coinbase (NASDAQ:COIN) has released Q4 earnings along with full-year 2022 numbers, and while the crypto exchange beat both on the top and bottom line, shares are little impressed in after-hours trading. In its shareholder letter, Coinbase said that its Q4 results “were consistent with our… Read More

Staking No More: Kraken Hit With $30 Million Penalty by SEC, Halts Crypto Staking for US Accounts

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

Coinbase CEO Worries that Crypto Staking is Doomed

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

Coinbase to Slash Employees by 950, Expects to Lose $500 Million for FY 2022

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

Coinbase Predicts 50% Plunge in Revenue in 2022

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

Coinbase Approval to Operate in Singapore is Key Strategic Move

  This past week, Coinbase (NASDAQ:COIN) revealed it had received regulatory approval to provide services in Singapore, the leading Fintech hub in Asia,  At the same time, it was announced that Coinbase founder and CEO Brian Armstrong is expected to participate at the annual Singapore… Read More

Coinbase to Fund Lawsuit Challenging Tornado Cash Sanctions by US Department of Treasury

Last month, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) applied sanctions to Tornado Cash, a crypto mixing platform. The second sanctions hitting a mixer, the enforcement action is still the first of its kind as the code running Tornado.cash was open… Read More

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