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Coinbase Launches cbBTC Wrapped Bitcoin on Solana, Expanding its Crypto Reach
Coinbase's wrapped Bitcoin product, cbBTC, is coming to the Solana network, allowing users to utilize Bitcoin for decentralized finance (DeFi) applications. Key points: Coinbase expands cbBTC: Coinbase announced plans to bring cbBTC to Solana at Breakpoint 2024. Wrapped Bitcoin for DeFi: Users will retain control of Bitcoin while using it as collateral in DeFi. Solana......
TrueX, a New Non-Custodial Exchange, Launched by Former Coinbase Executives
Former Coinbase executives launched TrueX, a non-custodial, stablecoin-focused exchange that enhances security by separating order matching and asset custody. Key points: New exchange launched: TrueX is a non-custodial, stablecoin-native platform. Founders: The exchange was founded by two former Coinbase executives. Focus on security: TrueX separates order execution from asset custody for better security. Stablecoin integration:......
🥛 Bitcoin is coming to Base: Coinbase unveils $cbBTC 🎁
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Ark Invest Snaps Up $8.4M in Coinbase Shares Following Post-Debate Crypto Slump
Ark Invest purchased 53,708 Coinbase shares worth $8.4M after a U.S. presidential debate triggered a crypto market dip. Key points: Post-debate market drop: Ark Invest seized an opportunity after a U.S. presidential debate hit crypto prices. 53,708 shares purchased: The firm acquired $8.4M worth of Coinbase stock across three ETFs. Coinbase holdings update: $COIN is......
Coinbase Opposes CFTC’s Proposed Event Contract Restrictions
Coinbase has publicly opposed the Commodity Futures Trading Commission's (CFTC) proposed ban on certain event contracts. The response was written by Coinbase Chief Legal Officer Paul Grewal in a recent letter. Key points: The CFTC's definition of "gaming" is overly broad and inconsistent with legislative intent. The proposed ban could stifle innovation in prediction markets.......
SEC Pushes Back on Coinbase’s Document Request
The U.S. Securities and Exchange Commission (SEC) has fired back against Coinbase's attempts to access its internal documents. The regulator is requesting the court deny the request by the crypto exchange. Key points: SEC opposes Coinbase's request for "essentially all documents" related to crypto assets. The agency claims Coinbase's demands are "extraordinary" and lack legal precedent.......
Coinbase UK Faces $4.5 Million Fine Over High-Risk Customer Onboarding
UK regulators fined Coinbase's UK arm, CBPL, $4.5 million on Thursday. The penalty is for breaching an agreement that was kept in place to stop high risk customers from joining the exchange. Key points: UK regulators fine Coinbase's UK arm $4.5 million. The violation was on the grounds of breaching an agreement. The voluntary agreement......
Golem Moves 36,000 Ethereum to Binance And Coinbase Amidst Market Uncertainty
Golem has transferred a substantial amount of Ethereum (ETH) to various cryptocurrency exchanges over the past month. Golem is one of the most prominent Ethereum Initial Coin Offering (ICO) projects. Key points: Golem transferred 36,000 ETH (approximately $115 million) to exchanges in 37 days. The project still holds 157,360 ETH, valued at about $530 million.......
Coinbase Takes Legal Action Against SEC and FDIC
Coinbase CLO Paul Grewal has announced the filing of lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). Grewal mentioned in his tweet that these legal actions were initiated under the Freedom of Information Act (FOIA). The company seeks to compel the agencies to release crucial information that could......
US Govt Moves $240M Worth of Silk Road Bitcoin to Coinbase: BTC Price Reacts
According to the latest on-chain data, the United States government has transferred 3,940 Bitcoin ($240 million) linked to Silk Road to Coinbase Prime. The move also represents one of the largest Bitcoin transactions by a government, following the BTC movement by German authorities. Key points: 3,940 BTC ($240 million) moved from US government wallets to......
