Coinbase Financial News
02.11 / 23:49
business
Adoption
Trading
coinbase
income
Q3
fall
Crypto trading volumes
Coinbase narrows loss while crypto trading volumes fall in Q3
Cryptocurrency exchange Coinbase narrowed its net loss to $2 million in the third quarter, as notched a year-on-year increase in revenue despite lower trading volumes.
02.11 / 22:15
02.11 / 21:32
Platform
coinbase
reports
Q3
Coinbase posts Q3 beat but trading volumes drop again, shares plunge 4%
Coinbase (NASDAQ:COIN) reported better-than-expected EPS and revenues for Q3 but saw a decrease in trading volumes for the second quarter in a row. As a result, shares fell more than 4% after-hours today.
02.11 / 21:32
coinbase
crypto regulation
Crypto Staking
services
Coinbase Halts Staking Services in Maryland Following Securities Commissioner’s Order
In an unfolding development, the US cryptocurrency exchange Coinbase announced the suspension of its staking services in Maryland today via an e-mail to its customers. The decision follows a preliminary cease and desist order issued by the Maryland Securities Commissioner on June 6, 2023. The order targets specific aspects of Coinbase’s staking services and marks the beginning of a legal case against the company.
02.11 / 13:49
Blockchain
Provident
CEO
Compilation
coinbase
Coindesk
Bill
Coinbase’s Stand With Crypto Advocacy Group Raises $2M In Two Months
The Coinbase-backed advocacy group Stand With Crypto has raised $2 million in a couple of months, with over 80,000 donors contributing to the initiative’s goal of influencing policymakers and being a “one stop shop” for crypto advocacy.
02.11 / 07:35
Ethereum
coinbase
BlackRock
Bitcoin
track
Bitcoin hits 17-month high as Powell strikes less hawkish chord
Investing.com-- Bitcoin prices rose on Thursday after the Federal Reserve struck a less hawkish tone than markets were expecting, with broader cryptocurrencies also advancing as the dollar weakened and traders bet on no more interest rate hikes.
01.11 / 22:11
01.11 / 21:43
01.11 / 19:17
Provident
Binance
coinbase
FTX
Infinity
Millions in Altcoins Sent from FTX and Alameda Research Wallets to Exchanges
Crypto wallets associated with the now-defunct crypto exchange FTX and its sister company Alameda Research have moved a significant amount of altcoins, sending a total of $13.1 million to various crypto exchanges overnight, on November 1.
01.11 / 15:15
Blockchain
Binance
Digital
coinbase
Actor
reports
prevention
Coinbase Amplifies Anti-Terrorism Financing Measures Through Blockchain Analytics
In an era where digital currencies are gaining traction, ensuring the prevention of their misuse is paramount. On October 17, 2023, Coinbase, a prestigious cryptocurrency exchange, delineated its strategies to combat illicit financial activities, particularly focusing on thwarting terrorism financing, through an official blog post. The essential takeaway is the unwavering stance that no currency — be it fiat, gold, or cryptocurrency — should be utilized in supporting Hamas or any other terrorist entities. This is anchored on the principle of keeping the crypto realm clean from nefarious activities which could tarnish its burgeoning reputation.
01.11 / 15:07
Ethereum
Bitcoin Futures
coinbase
Smart Contracts
Futures
Bitcoin
retail traders
services
crypto futures
Coinbase launches regulated crypto futures services for US retail traders
Coinbase Advanced allows retail traders in the United States access to regulated crypto futures contracts four months after Coinbase Financial Markets (CFM) secured approval to operate a Futures Commission Merchant (FCM) entity.
01.11 / 10:21
business
Blockchain
Binance
coinbase
FTX
Bitcoin
FTX and Alameda Research wallets send $13.1M in crypto to exchanges overnight
The crypto wallets linked to the now-defunct crypto exchange FTX and its sister trading firm, Alameda Research, have sent over $13 million in different altcoins to numerous crypto exchanges as of Nov. 1.
31.10 / 22:03
regulation
SEC
PayPal
coinbase
Congress
legislation
GAO
guidance
GAO finds controversial SEC guidance is subject to congressional oversight
United States Senator Cynthia Lummis has scored another one for crypto with a Government Accountability Office (GAO) decision issued on Oct. 31. The GAO found that Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 should be subject to congressional review. That bulletin, issued in March 2022, has been a source of ire for many pro-crypto lawmakers.
30.10 / 08:45
Target
Binance
Digital
Platform
coinbase
BAY
Bill
AirTree Ventures-backed Zepto cuts jobs after cryptocurrency reset
Byron Bay fintech Zepto has laid off 20 per cent of its workforce as part of a restructure to limit its focus on controversial cryptocurrency exchanges and target areas with better growth prospects.
28.10 / 15:13
Provident
Digital
SEC
Action
coinbase
recommendations
guidelines
Coinbase Calls for Judicial Intervention on SEC's Inaction
Coinbase's Chief Legal Officer, Paul Grewal, has taken a step towards resolving the ongoing regulatory ambiguity surrounding digital assets. On October 13, 2023, Grewal filed a formal response with the U.S. Court of Appeals for the Third Circuit, urging the court to issue a mandamus order. This legal move seeks to compel the Securities and Exchange Commission (SEC) to act on Coinbase’s rulemaking petition within a span of 30 days. The move underscores the growing impatience and concern within Coinbase and the broader digital asset community towards the SEC's perceived bureaucratic dalliance in clarifying the application of securities laws to digital assets.
28.10 / 15:13
Digital
CEO
coinbase
Align
Enterprise
innovations
isolate
licence
acquires
Upbit Singapore Acquires Preliminary MAS Approval for Major Payment Institution Licence
On October 16, 2023, Upbit Singapore Pte. Ltd. (Upbit Singapore), secured an in-principle approval (IPA) from the Monetary Authority of Singapore (<dfn data-info=«The Monetary Authority of Singapore (MAS) is Singapore» s central bank. the mission of mas is to promote sustained non-inflationary>MAS) for a Major Payment Institution (MPI) licence, marking a pivotal step in the firm's journey to fortify its digital asset venture in the region. This provisional approval allows Upbit Singapore to persist in rendering regulated Digital Payment Token services in alignment with the Payment Services Act 2019, while awaiting the issuance of the full license.
27.10 / 19:05
Blockchain
Ethereum
ETH
Binance
coinbase
FTX
reports
FTX’s Cold Wallets Relocate $19 Million to Various Exchanges – What’s Going On?
The group overseeing the cold wallets tied to bankrupt crypto exchange FTX has sent over $19 million worth of crypto to various exchanges, according to blockchain data.
27.10 / 03:25
Adoption
Investments
coinbase
Financial Systems
Crypto reshapes the American dream for younger generations: Report
A new Coinbase report on the state of crypto has revealed the disillusionment of younger generations (Gen Z and Millennials) with the traditional American dream and the financial system. It shows young Americans are more open than older generations to unconventional paths to financial independence, such as crypto, than older generations.
25.10 / 22:27
Binance
Ripple
Platform
coinbase
voice
reports
prevention
Coinbase Legal Chief Urges Swift US Crypto Legislation Amid Israel-Hamas Tensions
Paul Grewal, the Chief Legal Officer at Coinbase, voiced a strong stance against funding malicious entities through cryptocurrencies in a series of tweets on October 11, 2023. His tweets come amidst escalating geopolitical tensions involving Israel and the terrorist organization, Hamas. Grewal labelled the situation as «evil,» emphasizing that no funds should be directed towards supporting Hamas or similar organizations, irrespective of the form of assets—be it fiat currency, gold, or cryptocurrency.
25.10 / 20:15
UPS
Ethereum
Digital
coinbase
Bitcoin
reports
NOT
Bitcoin's On A Tear But Not All Crypto Is Booming
Bitcoin's price briefly surged past the $35,000 mark this week and some analysts think that growing small-investor participation may bode well in the coming weeks, but the rise in the cryptocurrency hasn't helped the rest of the market.
25.10 / 19:59
business
Ethereum
Binance
coinbase
FTX
FTX and Alameda linked wallets transfer $10M of crypto to exchanges in just 5 hours
Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the firms plan to sell some assets to pay back creditors.
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