Tagged: coinbase

Coinbase Revenue Declines, Delivers Net Loss of $1.1 Billion

Coinbase (NASDAQ:COIN), the first and only publicly traded crypto exchange in the US, has announced its Q2  2022 financial results, which delivered a decline in both the top and bottom line. Shares in after-hours trading declined by over 4% in an overall down market day…. Read More

BlackRock’s Deal with Coinbase Is “Watershed Moment” for Crypto, Industry Professional Claims

  Last week, it was widely reported that Coinbase (NASDAQ:COIN) was selected by BlackRock “to provide Aladdin clients access to crypto trading and custody via Coinbase Prime.” Coinbase and BlackRock will “create new access points for institutional crypto adoption by connecting Coinbase Prime and Aladdin.”… Read More

Coinbase Prime Expands Staking Offering with Ethereum (ETH)

Aaron Schnarch, Vp of Product, Custody at Coinbase (NASDAQ:COIN), explains that Coinbase Prime provides institutions “with an end-to-end staking experience.” Clients can “create a wallet, decide how much to stake, and initiate staking from the ETH asset page on their Coinbase Prime account.” Securing client funds… Read More

Former Coinbase Manager Accused of Insider Trading Pleads Not Guilty: Report

The first case of prosecuted insider trading in crypto took an interesting twist this week as the former Coinbase (Nasdaq:COIN) manager accused of abusing his position at the company to trade in advance of news has pleaded guilty to the charges of insider trading. According… Read More

Binance.US to Delist AMP Token, After SEC Says It’s a Security

Binance.US supports “responsible” regulation of digital assets by state and federal officials and is “committed to transparency and consumer education,” explains the world’s largest crypto exchange. The statement arrived as the entire industry reviewed claims by the SEC that Coinbase (NASDAQ:COIN) had listed digital asset… Read More

SEC is Creating Rules via Judicial Precedent: Coinbase Fraud Case

In the past week, CI has reported on the enforcement action initiated by the Securities and Exchange Commission (SEC), involving a former Coinbase (NASDAQ:COIN) manager and two partners regarding allegations of insider trading. According to the SEC’s complaint, non-public information was accessed prior to release,… Read More

Senator Pat Toomey Slams SEC’s “Regulation by Enforcement” in Regards to Coinbase Claims

Coinbase (NASDAQ:COIN) recently worked with the Securities and Exchange Commission (SEC) to pursue an insider action investigation that ended up with three individuals, including a former Coinbase manager, being hit with a lawsuit by the SEC as well as parallel criminal charges from the US… Read More

Two CFTC Commissioners Comment on Coinbase Insider Trading News

Last week, the  Securities and Exchange Commission filed a lawsuit against the perpetrators of an alleged insider trading scam utilizing privileged information from Coinbase. A former Coinbase manager, along with two co-conspirators, have been charged as well. The former Coinbase manager, Ishan Wahi, his brother… Read More

Coinbase – We Do Not List Securities: Crypto Exchange Counters SEC Assertion in Insider Trading Enforcement Action

In recent days, the Securities and Exchange Commission (SEC) filed an enforcement action alleging insider trading involving a former Coinbase (NASDAQ:COIN) manager and two other partners. Simultaneously, criminal charges were filed by the US Department of Justice. Buried within the SEC complaint was the statement… Read More

Criminal Charges in Crypto Insider Trading tied to Coinbase Manager: “Web3 is not a law-free zone”

As was reported earlier today, the Securities and Exchange Commission (SEC) has filed charges in regards to a former Coinbase manager and allegations of insider trading that involved two other perpetrators. The SEC noted that criminal charges have been simultaneously filed in the Southern District… Read More

Former Coinbase Exec, Two Others Hit With Insider Trading Charges

The Securities and Exchange Commission (SEC) has filed insider trading charges against a former Coinbase (NASDAQ:COIN) manager Ishan Wahi along with his brother Nikhil Wahi, and his friend, Sameer Ramani. In a parallel action, the U.S. Attorney’s Office for the Southern District of New York… Read More

Flowdesk, the French Digital Asset Financial Tech Provider, Raises $30M in Funding

Flowdesk announced that it has secured $30 million in funding from investors such as Eurazeo, Aglaé Ventures, ISAI, Speedinvest, Fabric.vc, Ledger, and Coinbase, and 20 “well-known” business angels, including Alexandre Prot (Qonto), Nicolas Julia (Sorare), Pascal Gauthier (Ledger) and Sébastien Borget (The Sandbox). Established in… Read More

Coinbase Is Reportedly Selling Crypto-related Data to ICE

Coinbase Tracer, the analytics division of the digital asset firm Coinbase (NASDAQ:COIN), has reportedly committed to a contract with US Immigrations and Customs Enforcement that will allow the agency to gain access to various features and data caches. This would include historical geo tracking data… Read More

Coinbase Announces Improved Multichain Transfers for Clients

Coinbase (NASDAQ:COIN) recently announced a faster, easier, and “less expensive” way of sending and receiving cryptocurrency via multiple networks, starting with Polygon, Coinbase’s first L2 integration, and Solana. With the ongoing surge in blockchain usage and increase in gas fees, “the process of sending crypto… Read More

Coinbase Shares Sink Following Sell Rating from Goldman Sachs

Shares in crypto exchange Coinbase (NASDQ:COIN) have dropped by over 9% today to around $56/share following a downgrade from Goldman Sachs. Coinbase is not quite at its 52-week low of around $40 a share but they are far off its 52-week high of over $368… Read More

TS Imagine Connects to Coinbase Prime

TS Imagine, which claims to be a global leader in trading, portfolio and risk management solutions for capital markets, has successfully connected with Coinbase Prime, the prime broker for digital assets, in order “to offer institutional clients a fully regulated path to trade cryptocurrencies.” TS… Read More

Despite Crypto Market Crash, Major Firms are Filling Hundreds of Crypto Jobs: Report

  Deloitte reportedly has the highest number of open positions with 144 crypto-related vacancies in the last seven days, “followed by ex-Twitter CEO Jack Dorsey’s Block (formerly Square) and Cash App with 59 and 24 new crypto-related roles in the last seven days, respectively,” according… Read More

Coinbase to Slash Employees by 18% – “We grew too quickly”

Coinbase (NASDAQ:COIN), the largest crypto exchange in the US and the first to float shares on an exchange, has announced it will reduce employee headcount by 18%. This announcement follows previous statements of a hiring freeze. Currently, Coinbase has around 4900 employees indicating that over… Read More

Just Quit Please: Coinbase CEO Comments on Disgruntled Employees and Petition to Remove Certain Executives

This past week some employees of Coinbase (NASDAQ:COIN)posted Operation Revive COIN, a petition to oust Coinbase COO Emilie Choi, Chief Product Officer Surojit Chatterjee, and Chief People Officer LJ Brock. The demands are apparently driven by their disappointment with Coinbase’s performance, even though the entire… Read More

Senator Kirsten Gillibrand and Senator Cynthia Lummis Officially Release Legislation for Digital Asset Regulatory Framework

Senator Kirsten Gillibrand and Senator Cynthia Lummis have officially revealed legislation aiming to create a regulatory framework for the burgeoning digital asset industry. The two Senators have worked for many months on the language of the bill. The legislation has long been rumored with a… Read More

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