Tag: Coinbase

SEC settles case against Wahi brothers for Coinbase insider trading

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Former Coinbase product manager Ishan Wahi and his brother Nikhil Wahi have agreed to settle charges of insider trading brought against them by the United States Securities and Exchange Commission (SEC), the agency announced onMay 30. The brothers were accused of using knowledge of nine crypto assets that would be listed on Coinbase in the future to purchase before listing. The SEC filed suit against them on July 21, 2022. That agency is now demanding disgorgement of ill-gotten gains with interest. SEC’s Division of Enforcement director Gurbir S. Grewal said in…

Top US Crypto Exchange Coinbase Launches Trading Support for Cosmos-Based DeFi Altcoin

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Coinbase customers can now trade the Cosmos (ATOM)-based decentralized finance (DeFi) altcoin Osmosis (OSMO). The top US crypto exchange added support for the altcoin under its “Experimental Label,” a designation it established for riskier, lower liquidity tokens. Osmosis is an automated market maker (AMM) protocol built on the Cosmos software development kit (SDK). It aims to enable cross-chain transactions by utilizing inter-blockchain communication (IBC). Osmosis’ native governance token, OSMO, is trading at around $0.5986 at time of writing. The 110th-ranked crypto asset by market cap is down 0.6% in the…

Coinbase Launches New Advertising Campaign To Highlight Importance of Cryptocurrency in the US

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The largest crypto exchange in the US rolls out a new marketing initiative that puts the spotlight on crypto technology’s transformative potential for the global financial system. According to Coinbase, the national advertising campaign, Crypto: Moving America Forward, also shows what is at stake if the US fails to advance crypto given that other nations, including fellow superpower China, make significant progress with the technology. “With China embracing and advancing the use of technology, including digital assets, to project power, Crypto: Moving America Forward will also make clear that US global…

Coinbase Base Network Releases Roadmap to Mainnet Launch

Coinbase has unveiled the “Path to Mainnet” for its Ethereum Layer 2 network, Coinbase Base, outlining criteria to be fulfilled before the launch. They have revealed a five-point criteria. In the latest, crypto exchange Coinbase revealed the “Path to Mainnet” outlining the roadmap for the mainnet launch of Coinbase Base. The outline doesn’t mention the timeline of mainnet launch, however, lists five specific criteria to satisfy before the launch. Of the five, Coinbase has satisfied five criteria so far. 1/ Base is gearing up for mainnet with safety and security…

Crypto Execs From Coinbase, Messari Give Washington Influence Another Go With FTX Anchor Around Necks

While that day-to-day lobbying work happens, though, millions of U.S. crypto users are eager to make sure Congress is hearing their view that “we want to keep it here and we want to have robust rules,” Quick said, which explains the efforts from business leaders to drum up grassroots campaigns. There’s room for both, she argued – the lobbyists’ usual interactions in Washington, plus whatever the industry leaders are hatching. Source

Coinbase Unveils New Wallet as a Service on Ethereum

WaaS (Wallet as a Service) reportedly employs cutting-edge multi-party computing (MPC) technology to safeguard the private keys of its users. Coinbase has announced that it released and launched a new Web3 wallet solution dubbed “Wallet as a Service” (WaaS) on the Ethereum mainnet. The new service, a version of the crypto firm’s cloud product, went live on May 23 and utilizes a multi-party computation (MPC), according to a Twitter announcement from a software developer at the company. The Coinbase engineer also noted that the new service is a direct-to-end-user product.…

MicroStrategy Shares Give Investors Better Crypto Exposure than Coinbase

The report says that macro drivers favor MicroStrategy shares in terms of the de-dollarization of the world economy. The German investment bank Berenberg said that investors seeking exposure to cryptocurrencies are better served if they buy the shares of MicroStrategy than those of Coinbase. A Monday report revealed to the media said that macro factors associated with the shares of MicroStrategy Inc (NASDAQ: MSTR) give investors a higher possibility of being in profit than if they went for the shares of Coinbase Global Inc (NASDAQ: COIN). Highlighting its preference for…

Coinbase Launches TV Campaign in Washington DC to Educate Regulators Why America Needs Crypto

Coinbase shares edged 7.56 per cent higher on Monday to close the day trading at $61.07. The leading publicly traded crypto exchange by daily traded volume in the United States, Coinbase Global Inc (NASDAQ: COIN), has experienced astronomical growth in the past few years compared to the traditional banking sector. Moreover, four regional banks in the United States have collapsed this year, with most already absorbed by large banks. However, the United States government led by the Biden administration has pushed to regulate the cryptocurrency industry in a manner that…