Results For: Coinbase
California Voters Show Strong Support for Crypto: Coinbase
New polling reveals strong backing for crypto assets and blockchain technology among California voters, especially younger demographics hungry for financial system reform. On behalf of Coinbase, the research firm Toluna conducted a survey of cryptocurrency owners in the state. Additionally, it shows that the younger generation in the state wants policymakers to encourage innovation to …...
JPMorgan Downgrades Coinbase Stock to ‘Underweight’ Amidst Falling Crypto Prices
Major investment bank JPMorgan has downgraded cryptocurrency exchange Coinbase stock from a “neutral” to an “underweight” rating. The bank predicted poor performance amidst falling crypto prices and the lackluster adoption of new spot Bitcoin exchange-traded funds (ETFs). In a note to investors on January 22nd, JPMorgan analysts argued that the recent SEC approval and launch …...
Coinbase CLO Rips U.S. GAO Report on Crypto Sanctions Evasion
Coinbase chief legal officer, Paul Grewal, unleashed sharp criticism on X over a recent U.S. Government Accountability Office (GAO) report highlighting cryptocurrency usage in sanctions evasion. Grewal slammed the GAO analysis as “shoddy” and failed to properly contextualize the crypto industry’s extensive compliance efforts. He also stated that the report performed zero comparative analysis. Key …...
Judge Roasts SEC’s Lawsuit Against Coinbase, Seeks Clarity on Securities Laws
The federal judge overseeing the high-profile lawsuit alleging U.S. crypto exchange Coinbase illegally offered securities pressed the SEC lawyers with tough questions during a Wednesday court hearing. Areas covered included defining securities, the legality of staking services, and whether the regulator is overreaching its authority. Judge Katherine Polk Failla of the New York Southern District …...
Grayscale Transfers 9,000 BTC To Coinbase Prime As Bitcoin Hits $43,000
The Grayscale Bitcoin Trust (GBTC) moved an additional 9,000 Bitcoin worth over $387 million to cryptocurrency exchange Coinbase Prime on Tuesday. The trust has seen steady declines in assets under management since last week’s approval of a Bitcoin spot ETF in the US. According to blockchain intelligence firm Arkham, Grayscale executed multiple transfers of 1,000 …...
Coinbase Partners with Yellow Card to Boost USDC in 20 African Countries
Coinbase has announced a collaboration with the African cryptocurrency exchange Yellow Card. The collaboration aims to significantly improve access to the popular USDC stablecoin across 20 countries in Africa. The partnership will leverage Coinbase’s global infrastructure and Yellow Card’s existing presence in emerging African economies. Features launching in February are designed to make acquiring and …...
DOJ Shelves Campaign Finance Charges Against SBF; Coinbase CLO Calls It a Mistake
The U.S. Department of Justice (DOJ) has opted not to pursue campaign finance charges against fallen crypto billionaire Sam Bankman-Fried (SBF). Paul Grewal, Chief Legal Officer at cryptocurrency exchange Coinbase, sharply criticized the move in a X thread. Grewal called it a “mistake” and a “miscarriage of justice,” depriving the public of important answers. This …...
Coinbase Gains French Crypto License Amid U.S. Regulatory Rift
Cryptocurrency exchange Coinbase gained regulatory approval this week to provide digital asset services in France. According to the latest report from CNBC, the exchange has secured a virtual asset service provider (VASP) license from national regulators. The registration comes as the company faces an increasingly fraught oversight battle in its home U.S. market. The contrast …...
Coinbase to Challenge SEC’s Denial of Crypto Rules Petition
The U.S. Securities and Exchange Commission (SEC) has denied a petition from cryptocurrency exchange Coinbase requesting the agency provide more transparent rules and guidance around digital assets. The decision comes despite calls from within the commission for increased collaboration with crypto companies. In a statement on Friday, SEC chair Gary Gensler defended the agency’s oversight …...
Coinbase to Launch Crypto Spot Trading Beyond the U.S.
Coinbase Global is expanding its international cryptocurrency exchange platform to offer spot trading of top coins like Bitcoin and Ethereum. The new spot crypto trading pairs with the USDC stablecoin and will be launched on Thursday, according to Bloomberg. The launch initially focuses on institutional investors. The move comes as Coinbase and other major crypto …...
