Tag: Coinbase

Coinbase collaborates with Bitkey for bitcoin transactions

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cryptocurrency exchange Coinbase has joined forces with Bitkey, a self-custody bitcoin wallet app from Block, to facilitate bitcoin purchases while guaranteeing control over private keys. Coinbase announced its collaboration with Bitkey, a self-custody bitcoin wallet application launched by Jack Dorsey’s Block. The partnership is aimed at enabling customers to purchase bitcoin conveniently while also retaining authority over their private keys. Coinbase is thrilled to have partnered with Bitkey, the self-custody bitcoin wallet made by Block, Inc.…

Coinbase redeems $65M in convertible notes at 29% discount

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According to a June 15 announcement, cryptocurrency exchange Coinbase has entered into an agreement for the redemption of $64.5 million in 0.50% Convertible Senior Notes due 2026. However, the company estimates it will only need $45.5 million in cash to consummate the agreement due to the notes’ 29% discount to par value. Coinbase wrote:  “The Repurchases are expected to close on or about June 20, 2023, subject to the satisfaction of customary closing conditions. Following such closings, approximately $1.373 billion principal amount of the Notes will remain outstanding.” Alesia Haas,…

BlackRock nears bitcoin ETF filing, partnering with Coinbase custody

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BlackRock, the asset management company with a staggering $9 trillion under its control, is said to be on the verge of applying to a bitcoin exchange-traded fund (ETF). Insider sources have revealed that progress is being made in preparing the application. Working alongside a trusted custodian According to reports, the New York City-based investment giant is planning to partner with Coinbase Custody, a leading cryptocurrency storage and management platform.  JUST IN: $9 trillion asset manager BlackRock…

Requiring DEXes to register with SEC like other exchanges is ‘impossible’, says Coinbase CLO

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Paul Grewal, chief legal officer of United States-based cryptocurrency firm Coinbase, has pushed back against a proposed rule change from the Securities and Exchange Commission (SEC) which could change the definition of an exchange and how digital assets are regulated. In a June 14 Twitter thread, Grewal said the SEC proposal “tries to fit a square peg in a round hole” and was “too flawed on process and substance to move forward”. He was referring to the SEC extending the comment period for a proposed rule change in the Securities…

A Lesson From George Soros Amid Binance and Coinbase Accusations

Both positioning and market expectations dig into a bigger concept of reflexivity within financial markets, as pioneered by George Soros. In short, market reflexivity suggests that investor perceptions and behavior impact market conditions, which, in turn, impact and shape investor beliefs and actions. This circular, self-referential feedback loop leads to non-linear market dynamics as cognitive biases and expectations build on each other to impact market prices and investor positioning. This can explain the emergence of price trends that can become self-fulfilling over the short run and self-correcting over the longer…

Bitcoin ‘far larger’ than Binance or Coinbase, says Jan3 CEO: BTC Prague 2023

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Amid the panic over lawsuits against major cryptocurrency exchanges, one Bitcoin (BTC) advocate argued that the BTC market is much bigger than the one tracked by exchanges. The total Bitcoin market is not limited to Binance, Coinbase or any other crypto exchange, Jan3 CEO Samson Mow told Cointelegraph at the BTC Prague 2023 conference on June 9. “Whereas I think for Bitcoin, it’s much harder to quantify how much of the market it is. It’s because a lot of Bitcoin trades are block trades,” Mow said. In mentioning Bitcoin block…

SEC Requests Extension to Respond to Coinbase Regulation Request

The crypto industry and market participants, including Coinbase, require clear guidance to navigate compliance obligations effectively and ensure regulatory alignment. The United States Securities and Exchange Commission (SEC) has requested a four-month extension to respond to the request for regulatory clarity regarding crypto made by Coinbase Global Inc (NASDAQ: COIN). The exchange which alongside Binance was sued by the market regulator over its failure to register its staking-as-a-service offering under securities law, had initially requested clarification on several key regulatory issues, aiming to enhance transparency and compliance within the rapidly…

SEC asks for more time to respond to Coinbase call for crypto clarity

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The United States securities regulator has asked for four more months to provide a response to Coinbase’s request for crypto regulatory clarity. In a June 13 letter submitted to the U.S. Court of Appeals for the Third Circuit, the Securities and Exchange Commission (SEC) said it needs an additional 120 days to reply to Coinbase’s request that it adopt new rules and provide further clarity on the laws governing crypto. The letter was in response to the court’s June 6 order to the SEC which asked the regulator to address…