COIN reached its highest level since April 2022, rising to $130.31 on Wednesday. Source
Cathie Wood's ARK Invest Offloads a Further $4.7M Worth of Coinbase Shares
Tag: Coinbase
Coinbase tracks 6% rise in info requests from law, government agencies
Crypto exchange Coinbase says it had recorded a 6% rise in requests from law enforcement and government agencies compared to 2022, with the number of jurisdictions issuing requests jumping by 19, according to the exchange’s annual Transparency Report. Four countries — the United States, Germany, the United Kingdom, and Spain — made up nearly three-quarters (73%) of the 13,079 agency requests to Coinbase for information between Q4 202 The United States made 5,686 requests to Coinbase, up from 5,304 last year, with 90.4% of those from criminal enforcement agencies. That…
Coinbase Faces SEC Charges amid Calls for Crypto Regulation Clarity
Coinbase CEO Brian Armstrong voiced frustration over the charges. He mentioned how his company has provided a lot of clarity to the SEC but the commission on the other hand is not making matters easier. Despite over 30 meetings with the SEC in the past 18 months aimed at gaining regulatory clarity, cryptocurrency exchange Coinbase was hit with charges in June for operating an unregistered securities exchange. This came after the company received a Wells Notice for potentially breaking securities law from the regulator in March, signaling an intention to…
Coinbase Alerts Users to CFTC Subpoena Linked to Bybit Investigation
Customers who have interacted with both Coinbase and Bybit reported receiving emails from Coinbase notifying them of the CFTC subpoena. Leading American cryptocurrency exchange Coinbase has issued warnings to an undisclosed number of users regarding a subpoena it received from the United States Commodity Futures Trading Commission (CFTC) about Bybit, another digital asset trading platform based in Dubai. The market watchdog is seeking information about Bybit’s operations for possible violation of federal laws and lack of compliance to know-your-customer (KYC) and anti-money laundering (AML) rules in which Coinbase may be…
Coinbase CEO thinks Binance settlement is good for crypto
Coinbase CEO Brian Armstrong spoke positively about the future of cryptocurrencies in a CNBC interview published today, despite the recent downfall of major industry players like FTX. When asked about the outlook for crypto markets, Armstrong shared a positive outlook for the industry. He said: I’m pretty optimistic that in the next year between you know some of these ETFs getting approved some regulatory clarity emerging the Bitcoin happening that’s happening that my hope is that next year we’ll see a pretty good outcome for crypto. Brian Armstrong | Coinbase…
Coinbase warns customers about subpoena in apparent CFTC Bybit probe
Coinbase is warning that it has received a subpoena from the United States Commodity Futures Trading Commission (CFTC), according to X (formerly Twitter) users who have posted copies of the message. The CFTC is seeking information about the Bybit cryptocurrency exchange. Recipients have speculated that any Coinbase customer who also used Bybit received the message. Coinbase may provide information on users’ accounts and transaction activities to the CFTC unless the subpoena is reversed by a court by Nov. 30, according to the Nov. 27 message. Dubai-based Bybit stated earlier this…
Coinbase (COIN) CEO Armstrong Says Binance Settlement Will Turn the Page on Crypto’s ‘Bad Actors’
He also said that the criminal enforcement actions against Binance and the once-popular but now bankrupt crypto exchange FTX show that taking your business offshore doesn’t work. While Binance is a Hong Kong-based company, mostly focused on business in the Asia Pacific region, FTX was headquartered in the Bahamas. Source
Cathie Wood’s Ark Invest Offloads $5.3M in Coinbase Holdings and Acquires $1.2M Worth of Robinhood Shares
Ark Invest seems to be rearranging its investment portfolio and has continued to sell huge amounts of Coinbase, while acquiring Robinhood shares. Cathie Wood’s investment firm, Ark Invest, made notable moves in its portfolio on Monday, marking a strategic shift in its crypto and fintech holdings. Ark Invest sold a substantial amount of its Coinbase Global Inc (NASDAQ: COIN) shares while increasing its position in Robinhood Markets Inc (NASDAQ: HOOD) and actively managing its exposure by also selling off its Grayscale Bitcoin Trust (GBTC) holdings. Ark Invest’s Coinbase Sell-Off amid…
Coinbase CEO Says It’s Time to See What Lies Ahead after Binance Settlement
Armstrong emphasized the significant role of various crypto companies in shaping the global crypto economy and transforming the financial system, particularly noting the prevalence of smaller startups. He underscored the importance of regulatory clarity, anticipating that it would contribute to increased investment, particularly from institutional sources. Last week, the US Department of Justice imposed a $4 billion settlement on Binance, leading to the resignation of its founder and CEO, Changpeng Zhao, who pleaded guilty to charges related to money laundering violations. The government alleged that Binance violated the US Bank…
Coinbase (COIN) Stock Soars to 18-Month High as Investors Crypto Interest Grows despite Binance Legal Issues
COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high. Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has seen its stock price climb over 250% so far this year. This brings the company close to its valuation from before the massive crypto crash of 2022. Last year’s cryptocurrency decline started with the implosion of TerraUSD, a so-called “stablecoin” whose value was…