Coinbase Financial News

Photoshop owner Adobe Inc's $20 billion buyout of cloud-based designer platform Figma, to February 2024. In July, the Competition and Markets Authority (CMA) launched an in-depth, or phase two, investigation into the deal after Adobe said it would not offer any concessions to ease the regulator's concerns.

Coinbase's submission of a "final petition" to the court in its ongoing legal battle with the US Securities and Exchange Commission (SEC) argues tokens don't necessarily represent the definition of an investment contract and that the SEC has overstepped its regulatory bounds.

The United States Securities and Exchange Commission overstepped its authority when it classified Coinbase-listed cryptocurrencies as securities, the exchange has argued in its final bid to dismiss a lawsuit by the securities regulator.

Source: Pexels 

Monday’s Bitcoin (BTC) price surge has catapulted Bitcoin-related stocks to new heights, with the likes of Coinbase and MicroStrategy posting new multiweek highs.

Investment firm ARK is selling Grayscale Bitcoin Trust (GBTC) shares amid a market surge fueled by anticipation of a spot BTC exchange-traded fund (ETF).

Coinbase dismisses rumors of a BTC withdrawal limit, stating that these claims do not hold true. Coinbase confirms that such a withdrawal limit policy does not exist. 

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Cathie Wood-led Ark Invest offloaded 42,613 shares of US-based crypto exchange Coinbase through ARK Next Generation Internet ETF and ARK Fintech Innovation ETF as the price of Bitcoin closed in on $35,000 on Monday. 

SINGAPORE (Reuters) — Cryptocurrencies extended gains in Asia trade on Tuesday, with bitcoin rallying to an almost 18-month high on speculation that an exchange-traded bitcoin fund is imminent.

DeFi Education Fund (DEF), a crypto research and advocacy group, and crypto investment company Paradigm have filed a separate amicus brief supporting James Harper’s lawsuit against the US Internal Revenue Service (IRS).

By Hannah Lang and Kanjyik Ghosh

A recent disclosure by Conor Grogan, Director at Coinbase, unveiled a noteworthy involvement of Alameda Research in the minting of Tether (USDT) tokens. Through meticulous on-chain data analysis, it was found that Alameda was responsible for minting a massive $39.55 billion of USDT. This figure represents roughly 47% of Tether's circulating supply as of October 10, 2023. A prior report by Protoss had estimated the minting at around $36.7 billion, however, Grogan managed to update these figures by identifying additional wallets associated with the minting process.

Coinbase's Chief Legal Officer, Paul Grewal, recently shed light on how their Engineering team is harnessing Artificial Intelligence (AI) to root out ERC-20 scam tokens.This innovation was disclosed on October 6, 2023, by Yifan Xu, Indra Rustandi, Yao Ma, and Vijay Dialani from the engineering team at Coinbase. The innovative ERC-20 Scam Token Detection System is a blend of smart contract auditing and machine learning prediction aimed at identifying both known and emergent scam types, marking a significant leap towards ensuring a safer crypto space.

On Oct. 20, the Ethereum layer-2 Base network announced that it’s launching an eight-week training course to turn traditional software developers into blockchain developers. Called “Base Bootcamp,” the new program doesn’t cost anything to attend. However, it’s designed for “mid to senior level Software Engineering individual contributors,” and students must fill out an application and be accepted to enroll. Less than 20 students will be accepted into each “cohort,” and the team will stop accepting applications on Oct. 27, the announcement states.

Coinbase Chief Legal Officer Paul Grewal believes that the U.S. Securities and Exchange Commission (SEC) will soon approve a spot Bitcoin (BTC) exchange-traded fund (ETF).

FTX cryptocurrency empire, another reckoning for digital currencies is underway: Governments around the world are intensifying their crackdown on sources of funding for terrorist groups — including crypto — after Hamas’s bloody attack in Israel that claimed more than 1,400 lives and led to retaliatory attacks that have killed thousands. Crypto is a small but deadly slice of overall terrorism funding: Research by analytics firm Elliptic in 2021 estimated that wallets linked to Hamas’ military wing had received more than $7.3 million in crypto, including around $40,000 in Dogecoin, the dog-themed memecoin favored by Elon Musk. These sums aren’t much compared with the $100 million that Iran sends annually to Hamas and other Palestinian terror groups or with Qatar’s $360 million in aid for Gaza, or the approximately $300 million Hamas gets via business taxation and extortion estimated by the Washington Institute’s Matthew Levitt.

Investing.com — U.S. futures fell Friday, weighed by rising bond yields and concerns surrounding escalating geopolitical tensions in the Middle East.

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Layer 2 network, Base has announced its decision to build in the open allowing public access to smart contract codes citing transparency, accountability, and partnerships.

Coinbase is confident that a U.S. bitcoin exchange-traded fund will be approved by the U.S. Securities and Exchange Commission, the company's chief legal officer, Paul Grewal, told CNBC.