In just one week, Base has attracted hundreds of thousands of new users, attention from mainstay brands and artists, and unfortunately, scammers as well. It’s been an eventful week since Coinbase launched its new layer-2 network Base to the public, bringing with it a frenzy of activity from everyday crypto users, major brands, and more…
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Coinbase has reported a significant drop in consumer trading volume, which has raised concerns for the crypto industry. On Thursday, the largest US-based cryptocurrency exchange released its second quarter earnings report, revealing that transaction volume for consumers and institutions has declined by 70% and 54%, respectively, compared to the same period last year…. Read More: Coinbase Reports Significant…
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The crypto exchange’s second quarter revenue beat estimates while non-trading revenue surpassed trading revenue. Crypto exchange Coinbase reported $663 million in net revenue for the second quarter of 2023, boosted by its custody deal with Blackrock and institutional focus, despite recent action taken against it by regulators. Net revenue was down 10% compared to Q2…
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Coinbase, one of the largest U.S.-based cryptocurrency exchanges, is moving to add support for Lightning Network on its trading platform. Brian Armstrong, CEO of Coinbase, confirmed that the exchange was looking into the best ways to achieve this task, reaffirming his support for bitcoin payments. Coinbase Mulls Adding Support for Lightning Network Coinbase, the U.S.-based…
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Paul Grewal said Coinbase will seek to dismiss the SEC’s suit on Aug. 4 which will argue that it never sold securities as the regulator alleged. Coinbase plans to file an order seeking dismissal of the lawsuit by the Securities and Exchange Commission on Aug. 4, with the crypto exchange’s legal chief saying it expects…
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According to Brian Armstrong, the CEO of crypto exchange Coinbase, the U.S. securities regulator reportedly told his company to delist all digital assets save for bitcoin. Armstrong said acceding to the SEC’s demand would have “meant the end of the crypto industry in the U.S.” SEC Reportedly Refused to Explain Why It Classifies Digital Assets…
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Bank of America has come under scrutiny after a Coinbase user claimed that the bank closed his account over Bitcoin transactions. Coinbase CEO Brian Armstrong quickly addressed the issue, asking other users if they have encountered the same problem with Bank of America. Coinbase’s CEO Raises Concerns Over Account Closures at Bank of America Bank…
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Ripple CEO Brad Garlinghouse has blasted the enforcement approach of the U.S. Securities and Exchange Commission (SEC) after the release of the Hinman docs, which contain internal discussions that the institution had before the now famous 2018 speech offered by former SEC Division of Corporation Finance Director William Hinman. Garlinghouse stated that while he was…
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Red tape and confusion has been the theme in crypto news as of late, with cryptocurrency firms scrambling to stay compliant with regulators like the U.S. Securities and Exchange Commission (SEC), with little to no definite regulatory clarity made available to them thus far. In the wake of lawsuits being launched by the SEC against…
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Brian Armstrong, CEO of Coinbase, the largest U.S.-based cryptocurrency exchange, explained how negotiations reached a standstill with the U.S. Securities and Exchange Commission (SEC). In a recent interview with the Wall Street Journal, Armstrong detailed the changes in how the SEC approached securities regulation and how the exchange has tried to work with regulators since…
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