Tag: Coinbase

Hong Kong Legislator Encourages Coinbase and Others to Apply

While Hong Kong welcomes cryptocurrency, digital asset trading remains banned in mainland China. Hong Kong Legislator, Johnny Ng, has encouraged Coinbase and other global exchanges to set up their shop in the region. The legislator took to Twitter, offering his assistance for Coinbase and other interested parties to register and develop within the former British colony. Mr Ng, who previously cofounded a Web3 accelerator, is known for his bullish stance on Web3 tech. His call to virtual asset trading platforms coincides with a US SEC clampdown on major players like…

Hong Kong Legislator Invite Coinbase and Crypto Exchanges, Embracing Progressive Crypto Stance

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Hong Kong Legislative Council member Johnny Ng has extended an invitation to Coinbase and other global virtual asset trading operators to establish operations in the region, showcasing the city’s progressive approach towards cryptocurrencies. In a tweet, Ng expressed his support and offered assistance to these industry players, while also hinting at potential stock listing opportunities. This move comes at a time when several major cryptocurrency exchanges, including Binance and Coinbase, have faced lawsuits from the United States Securities and Exchange Commission. While Western countries remain cautious about cryptocurrencies, Hong Kong…

Bitcoin and global crypto market falls after US SEC sued Binance and Coinbase

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During a week marked by heightened regulatory scrutiny, the cryptocurrency industry experienced a significant milestone as the United States Securities and Exchange Commission (SEC) filed charges against Binance and Coinbase. Against the backdrop of a broader regulatory push, the SEC categorized numerous crypto assets as securities in these lawsuits. The market responded to this development with a notable impact, as altcoins posted significant declines, with some retesting 2022 lows.  SEC sues Binance, Changpeng Zhao This week, the United States Securities and Exchange Commission (SEC) took legal action against Binance, one of the…

Coinbase CEO seeks regulatory clarity, expects ‘right outcome’ for crypto industry

Coinbase CEO Brian Armstrong believes crypto entrepreneurs will return to the United States once the government establishes the “right outcome” for cryptocurrency regulations. In a recent interview, Armstrong emphasized that regulating crypto is simple and expressed confidence that the United States will achieve regulatory clarity, even if it takes time. Armstrong’s comments come amid a clash with regulators, with differing opinions about his approach. Some see his stance as bold and potentially transformative. On the other hand, others view it as reckless posturing by a Silicon Valley crypto enthusiast who may be inviting…

Hong Kong legislator invites Coinbase to the region amid SEC scrutiny

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With its progressive stance on cryptocurrencies, Hong Kong’s legislator invites Coinbase and other crypto exchanges to establish operations in the region, fostering a favorable environment for the industry’s growth. Legislative Council member Johnny Ng took to Twitter, expressing support and offering assistance to crypto trading operators like Coinbase. He also hinted at potential stock listing opportunities. This comes in the wake of the recent SEC lawsuits against major players like Binance and Coinbase. Contrary to the cautious stance adopted by several Western countries towards cryptocurrencies, Hong Kong has embraced a…

The US will find the ‘right outcome’ for crypto, eventually – Coinbase CEO

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Brian Armstrong, the CEO of cryptocurrency exchange Coinbase, emphasized that regulating crypto isn’t “rocket science” and is confident that the United States will achieve regulatory clarity, “even if it takes a while.”  Armstrong sat down for an interview with Wall Street Journal on June 11, just days after the SEC filed a lawsuit against Coinbase on June 6. The SEC alleged that Coinbase has been operating a securities exchange, broker-dealership and clearing house without registering with the commission. Full WSJ interview on YouTubehttps://t.co/yIF3dGI7oN — Brian Armstrong ️ (@brian_armstrong) June 10,…

Binance, Coinbase head to court; the SEC labels 67 crypto-securities

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Top Stories This Week U.S. SEC sues Binance and Coinbase amidst crypto crackdown Binance and Coinbase have been targeted in a new round of lawsuits by the U.S. Securities and Exchange Commission (SEC) against crypto businesses. The regulator pressed 13 charges against Binance on June 5, including those involving unregistered offerings and sales of tokens, and failing to register as an exchange or broker-dealer. The commission also went after Coinbase on similar grounds, alleging that popular cryptocurrencies offered by the exchange are securities. Trading volume across the major decentralized exchanges…

Latam crypto holders flock to Bitget following Binance, Coinbase suits

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Crypto exchange Bitget has seen a surge in new accounts in Latin America following lawsuits by United States regulators against major competitors Binance and Coinbase. As compared to daily averages, new users in the region increased by 43% from June 6 to 9, with Brazil and Argentina leading market share growth, a spokesperson from Bitget told Cointelegraph. According to the exchange, new clients in Brazil soared 54%, with a 208% jump in total deposits. In Argentina, its customer base rose by 33%, while funds deposited expanded 87%. The crypto exchange…

Bitcoin and ether stand ground this week while altcoins tumble on the SEC’s Coinbase crackdown

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It’s “business as usual at Coinbase” while the crypto market waits for the exchange’s legal battle with the SEC to unfold over the coming months, possibly years. This week the Securities and Exchange Commission continued its crackdown on the crypto industry, suing the largest exchange in the world, Binance, on Monday only to go after the largest exchange in the U.S., Coinbase, the following day. The agency alleged Coinbase has been operating as an unregistered exchange, broker and clearing agency, and that its staking program violates securities laws. Coinbase shares…

Crypto trading firm moves $9.8m of polygon tokens to Coinbase, Binance, MATIC price tanking

Chicago-based crypto trading firm, Cumberland, is moving millions worth of Polygon’s native cryptocurrency, MATIC, to Binance and Coinbase. As of June 10, the trading firm had moved $9.8 million MATIC to the two leading cryptocurrency exchanges. Cumberland moving millions worth of polygon tokens According to the web3 data analysis platform, Lookonchain, Cumberland shifted 9 million MATIC tokens valued at $6.3 million into Binance and another 5 million worth an estimated $3.5 million into Coinbase over 7 hours. Cumberland transferred the funds in six small transactions ranging between 1.5 million and…