Despite Coinbase shares tumbling amid its legal battle with the U.S. SEC, Cathie Wood is still bullish on the crypto exchange. ARK Invest, the investment management firm founded by legendary investor Cathie Wood, has celebrated International Workers’ Day by buying shares of the cryptocurrency exchange Coinbase. On May 1, ARK purchased 129,604 Coinbase (COIN) shares…
Read more
The proposed class action lawsuit alleges the exchange violated privacy laws in Illinois when it collected and stored users’ fingerprints and facial scans. Coinbase violated biometric privacy laws in Illinois through its collection and storage of customer fingerprints and facial templates, a proposed class-action lawsuit alleges. A May 1 filing in a California District Court…
Read more
Major crypto exchange Coinbase continues its pushback against the US securities regulator, telling the agency that it would be a “well-resourced adversary” if sued. Coinbase responded to a notice sent last month by the US Securities and Exchange Commission (SEC), which suggested that the agency has an enforcement action in mind. In its response, the…
Read more
Robinhood Markets announced the launch of its new “Robinhood Connect” service and numerous updates to its app. The launch of “Robinhood Connect,” a fiat-to-crypto on-ramp featuring support for decentralized applications (DApps) and self-custody wallets, was announced at Consensus 2023 on April 27. Introducing our latest investment in crypto, Robinhood Connect: https://t.co/SmENSYufBA A low-cost, on-ramp for…
Read more
Coinbase founder Brian Armstrong and chief legal officer Paul Grewal spoke about the company’s Wells notice from the SEC on YouTube and at Consensus 2023. Executives of cryptocurrency exchange Coinbase took their company’s regulatory issues to the public on April 27, with chief legal officer Paul Grewal speaking at Consensus 2023 and appearing with CEO…
Read more
On April 27, Coinbase, the crypto exchange based in San Francisco, made public the disclosure of its response to the Wells notice it had received from the U.S. Securities and Exchange Commission (SEC) back in March. The company maintained that the regulatory body’s enforcement actions were in direct contrast to the agency’s previous approval of…
Read more
Technology investor Cathie Wood’s fund ARK Invest has bought $8.7 million worth of Coinbase stock while filing yet another application to list a Bitcoin-backed exchange-traded fund (ETF). ARK’s latest purchase of Coinbase stock was made through the ARK Innovation ETF, ARK Next Generation Internet ETF, and ARK Fintech Innovation ETF, with the first fund by…
Read more
On April 24, 2023, Coinbase announced that it had filed an action in federal court requesting the U.S. Securities and Exchange Commission (SEC) to respond to their petition. The petition, submitted in July 2022, requested the commission to propose and adopt rules governing the regulation of digital assets. Coinbase Requests SEC to Respond to Petition…
Read more
Coinbase has asked a court to compel the Securities and Exchange Commission to respond to its July 2022 petition that asked for clearer crypto regulation guidelines. On Monday, the company filed a lawsuit with a federal appellate court in Philadelphia, arguing that the SEC hasn’t been reasonable or prompt in providing a response…. Read More: Crypto Exchange…
Read more
Coinbase is looking to force the United States Securities and Exchange Commission to respond to its rulemaking petition seeking rules for the crypto industry, a request that’s been pending since July. Coinbase has filed a narrow action in a United States federal court seeking to compel the Securities and Exchange Commission to provide a “yes…
Read more
