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Coinbase Files Interlocutory Appeal in SEC Case
Coinbase has filed an interlocutory appeal in its ongoing legal battle with the Securities and Exchange Commission (SEC). The appeal, filed on Friday, aims to address a narrow point of legal disagreement and seeks to have it considered independently by the U.S. Court of Appeals for the Second Circuit. Key points: Coinbase's interlocutory appeal challenges......
Coinbase Receives Restricted License in Canada Amid U.S. Regulatory Challenges
Coinbase achieved a significant milestone in its global expansion efforts by obtaining a registration license in Canada. Canadian Securities Administrators (CSA) has registered Coinbase as a restricted dealer, as the company recently informed CNBC. This authorization allows Coinbase to operate legally in the country and deepens its international presence as it faces regulatory hurdles in......
Coinbase Warns of Hidden Risks to Ethereum Network Stability
The rapidly growing EigenLayer protocol, spearheading the rise of restaking on the Ethereum blockchain, has the potential to become a crucial component of the ecosystem's infrastructure. However, a recent research report by Coinbase highlights the hidden risks associated with this emerging sector. The report also points out that it could threaten the stability and security......
Judge Allows SEC’s Lawsuit Against Coinbase to Proceed, Dismisses Exchange’s Motion
In one of the most recent developments in the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Coinbase, a federal judge has ruled that the SEC's case against the cryptocurrency exchange can move forward. Judge Katherine Polk Failla of the U.S. District Court for the Southern District of New York denied......
Coinbase Plans to Launch Dogecoin Futures Contracts, DOGE Surges
Coinbase, one of the world's leading cryptocurrency exchanges, has announced its intention to launch cash-settled futures contract products for Dogecoin (DOGE), Litecoin (LTC), and Bitcoin Cash (BCH) as early as April 1, 2024. In a series of letters addressed to the United States Commodity Futures Trading Commission (CFTC) on March 7, Coinbase Derivatives outlined its......
Coinbase Report Urges Caution on Emerging Crypto AI Sector
A new report from Coinbase suggests the recent hype and growth around cryptocurrencies related to artificial intelligence may ultimately prove unsustainable long-term without additional progress. The analysis strikes a note of current market enthusiasm, pushing many AI tokens notably higher. Key details: It comes amidst notable gains for tokens tied to AI sector advancements, massively......
Coinbase Surges Before Q4 Report Amid Bitcoin Rally
Shares of cryptocurrency exchange Coinbase have surged nearly 27% over the past five days. Additionally, the rally comes as the exchange is set to release its fourth-quarter earnings results on Thursday. The stock surge aligns with a recent Bitcoin price spike as analysts forecast strong trading volume and revenue growth numbers from the company. Coinbase......
Ledger Partners with Coinbase to Streamline Crypto Purchases
Hardware wallet provider Ledger has announced an integration with Coinbase's payments platform, Coinbase Pay. The collaboration will allow users to easily purchase cryptocurrencies and transfer them into self-custody storage. Key Highlights: Ledger app integrates Coinbase Pay. Enables direct crypto purchases and transfers into Ledger wallets. Aims to simplify self-custody onboarding for new users. Part of......
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......
