Tag: Coinbase
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Coinbase shares take hit on quarterly loss, analysts back diversification strategy
July 31 : Shares of Coinbase Global slipped 5.6 per cent in premarket trading on Friday after a third straight quarterly loss, though analysts expect strong fundamentals and business diversity to cushion it from a crypto cycle downturn. The cryptocurrency market lost significant value in recent sessions, with
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Crypto exchange Coinbase logs third straight quarterly loss on trading slowdown
July 30 : Coinbase Global posted a third straight quarterly loss on Thursday, hurt by lower trading volumes as a prolonged downturn in cryptocurrency markets curbed trading activity.Shares of the crypto exchange were down 5.3 per cent in trading after the bell. Cryptocurrency markets came under pressur
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Coinbase beats much of customer lawsuit over US token sales
NEW YORK, July 30 : Coinbase won the dismissal on Thursday of much of a lawsuit in which customers accused the largest U.S. cryptocurrency exchange of illegally selling securities without registering as an exchange or broker-dealer.Customers sued over 60 tokens, including XRP and dogecoin, that they claimed w
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US SEC settles FOIA lawsuit with Coinbase over lost messages, WSJ op-ed says
July 22 : Coinbase has settled a Freedom of Information Act lawsuit against the U.S. Securities and Exchange Commission over records it sought from the agency, the cryptocurrency exchange’s chief legal officer, Paul Grewal, said in a Wall Street Journal op-ed on Wednesday.Grewal said the agency, which polices
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Coinbase’s top attorney who has led crypto’s Washington fight to step down
WASHINGTON, July 9 : Coinbase’s Chief Legal Officer Paul Grewal is stepping down after six years at the U.S. crypto giant where he fought off a landmark suit brought by the U.S. securities regulator and played an instrumental role in the crypto industry’s Washington campaign to secure industry-friendly policies.
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Coinbase restores prediction markets trading after technical issue
July 9 : Coinbase has restored prediction markets trading on its platform after users were unable to place trades, the company said in a status message on Thursday.The firm told Reuters that service has now resumed, without elaborating on what caused the issue.An earlier status message on the website n
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New EU crypto rules could force hundreds of firms to exit the market
The EU’s landmark MiCA crypto rules take full effect on 1 July. Yet by May, fewer than one in five of the bloc’s 1,200-plus registered crypto firms had secured the licence needed to keep serving European clients.
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