Tag: Coinbase

Coinbase debuts feeless USDC trading in Singapore

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Crypto exchange giant Coinbase has begun offering zero-fee USDC trading for users in Singapore. The initiative followed a survey showing an increasing level of crypto adoption. Coinbase announced the feeless USDC trading for its Singapore customers in a statement issued on May 16. Users will now be able to buy USDC stablecoin using Singapore Dollar deposits. This move expands Coinbase’s already existing zero-fee fiat deposits for Singapore users. Apart from zero-fee USDC trading, Coinbase says it…

Coinbase to Expand to Singapore as US SEC Denies Answerability

The firm also conducted a survey recently to asses the constructive stance of policymakers towards crypto and Web3 in Singapore. Crypto exchange Coinbase is looking into relocating to Singapore as the United States Securities and Exchange Commission rejects the company’s requests for regulatory clarity. The US SEC recently asked the judge to deny Coinbase’s bid to coerce the agency to answer Coinbase’s rulemaking petition. The petition was submitted last year asking for clarity on how securities laws applied to cryptocurrency. Last month, Coinbase filed a lawsuit against SEC asserting that…

Bitcoin worth $750m withdrawn from Coinbase

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent event, an equivalent of $750 million worth of bitcoin was withdrawn from the cryptocurrency exchange Coinbase within a span of just 24 hours. Industry analysts have highlighted that this event is far from a common occurrence. Over the past year, according to analysts cited by a Russian crypto information channel only three transactions of a larger scale have been reported. Two of these coincided with market downturns: the collapse of Terra LUNA and…

Coinbase (COIN) Initiated at Hold Rating, Likely To Face Enforcement Action From SEC: Berenberg

At a minimum, these revenue sources likely would be targeted by the SEC in the enforcement action that we expect the commission to file soon,” analyst Mark Palmer wrote, adding that some of Coinbase’s other revenue streams, such as interest income from USD Coin (USDC) and custody, may also “get caught up in the SEC’s crypto-industry dragnet in the near future.” Source

SEC Says Coinbase Hasn’t Proven Need for Creating Crypto-Specific Rules

“As Coinbase’s own submissions make clear, considering the various paths it suggests is a necessarily complicated endeavor,” the SEC filing said. “Yet Coinbase filed its rulemaking petition fewer than ten months ago, supplemented aspects of the petition fewer than three months ago, and sought to supplement the record again only weeks ago.” Source CoinbaseCreatingCryptoSpecificHasntProvenRulesSEC CryptoX Portal

SEC seeks denial of Coinbase petition for imminent crypto rules

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The U.S. The Securities Exchange Commission (SEC) has finally given a formal response in court in relation to Coinbase’s petition for clear crypto regulation, stating that any rulemaking may take years and that enforcement actions will continue in the meantime. According to court documents filed on May 15, the SEC argued that it is under no obligation to meet the requirements of Coinbase outlined in its petition, while also arguing that the firm has called for a complex set of reforms and rule-making in an unreasonably short amount of time.…

SEC chair Gensler claps back at Coinbase, says crypto rules already exist

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The chair of the United States Securities and Exchange Commission (SEC) Gary Gensler has hit back at Coinbase’s petition compelling the agency to provide a clear stance on crypto regulation, arguing that there are already adequate laws in place. In a May 15 keynote speech at the Financial Markets Conference, Gensler was asked about the dispute with Coinbase, the rules on crypto and why “the SEC doesn’t publish rules for that market.” In response, Gensler staunchly asserted that “the rules have already been published,” adding that: “To make it quite…

Coinbase Unveils Global Advisory Council to Help Navigate Local and International Regulatory Landscape

The Coinbase Global Advisory Council will work together with top executives among other regulatory council members for the same common goal. Coinbase Global Inc (NASDAQ: COIN), a leading cryptocurrency exchange that is publicly traded in the United States, has increased its international interest amid regulatory scrutiny in the country. The exchange has in recent years focused on remote-first operations, which has significantly helped counter the Securities and Exchange Commission’s (SEC) fight against crypto. Moreover, the exchange is under the radar of Gary Gensler and his team for apparently offering unregistered…

Coinbase screws up, Florida bans CBDCs, and Bitcoin Ordinals…

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Top Stories This Week Coinbase calls Pepe a ‘hate symbol,’ prompting calls to boycott the exchange An email sent out to Coinbase customers describing the Pepe the Frog meme as a “hate symbol” co-opted by alt-right groups has drawn significant ire from the PEPE memecoin community this week. Two hours after the email was sent, the hashtag “#deletecoinbase” hit the trending sidebar on Twitter, with over 14,000 comments calling on users to boycott the exchange. Paul Grewal, the Coinbase’s chief legal officer, took to Twitter to respond to the outrage…