Tag: Coinbase

Crypto community split on Coinbase NFT’s push for ‘sensible crypto policy’

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As crypto exchange Coinbase makes a push toward a sensible regulatory environment for the crypto space, the exchange launched a nonfungible token (NFT) collection to gain the community’s support. However, not everyone is excited about the move, with some not even sure if it will have any impact at all.  On April 25, Coinbase launched an NFT campaign dubbed “Stand With Crypto” after filing a court action that aims to compel the United States Securities and Exchange Commission to answer its rulemaking petition. According to Coinbase, the NFTs represent the…

Coinbase files court action to compel SEC’s response to rulemaking petition

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Coinbase filed a narrow action in a United States federal court that seeks to compel the Securities and Exchange Commission (SEC) to provide a “yes or no” response to a July 2022 petition. The petition requested the SEC propose and adopt clearer regulatory guidelines for the cryptocurrency industry in the U.S.  In the exchange’s July 2022 petition, it asked the financial regulator to answer a total of 50 specific questions concerning the regulatory treatment of certain digital assets. According to an accompanying April 24 blog post penned by Coinbase Chief Legal…

MyEListing, With Help from Coinbase Commerce, Creates the World’s First Place to Buy and Sell US Real Estate With Crypto – Press release Bitcoin News

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press release PRESS RELEASE. Austin, TX – MyEListing.com, a free commercial real estate listings and data platform, has partnered with Millennial Title, and Championship Title to create a marketplace where anyone in the world can buy and sell US residential & commercial real estate with crypto via an integration with Coinbase Commerce, and close within one business day. The initiative is called the ASAP (Accelerated Sale And Purchase) program. MyEListing.com hosts the marketplace, Coinbase Commerce converts the buyers’ crypto into cash for the seller, and Millennial Title as well as…

MyEListing Real Estate Platform Integrates with Coinbase to Accept Bitcoin Payments

The use of cryptocurrency in real estate purchases has become increasingly popular. United States commercial real estate marketplace MyEListing has integrated with Coinbase to accept Bitcoin payments. The platform will allow users to purchase US real estate properties with both Bitcoin and fiat. It launched on April 20 with Texas properties listed and is set to expand to select US states in June. MyEListing will enable real estate agents to list US commercial and residential properties and accept crypto and cash payments from anywhere in the world. The platform supports…

Celsius Auction Begins on Tuesday as Coinbase, Gemini, and NovaWulf Bid to Manage Restructured Assets

More than 600,000 Celsius creditors would be closely monitoring the auction as it likely determines subsequent payment schemes. According to a Saturday filing by Kirkland & Ellis, the auction proceedings for bankrupt crypto lending firm Celsius Network LLC will begin on Tuesday. The document further states that the public sale of the New Jersey-based crypto lender has attracted several reputable crypto-focused companies, all interested in taking over. These include digital currency exchange Coinbase Global (NASDAQ: COIN) and privately run crypto custodian Gemini Trust. In the filing, Kirkland & Ellis, which oversees the bankruptcy, also said…

Celsius auction has Gemini and Coinbase as new bidders: Report

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Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York. According to reports and court filings, crypto exchanges Gemini and Coinbase are among the companies participating in the bids.  Court documents show that one of the consortium is Fahrenheit, backed by venture capital firm Arrington Capital, which is owned by blockchain investor Michael Arrington. Other participants in the consortium are Proof Group Capital Management, former Algorand CEO Steven Kokinos and investment banker Ravi Kaza. Michael Arrington mentioned…

Bitcoin BTC Price Tumbles Below $28K on Coinbase Before Rallying

Equity markets also declined, amid a series of disappointing first-quarter earnings, including car maker Tesla, whose revenues fell slightly short of consensus estimates, and Blackstone, the world’s largest alternative asset manager. The S&P 500 and Nasdaq Composite fell 0.6% and 0.8%, respectively for the day. The Dow Jones Industrial Average (DJIA) was down 0.3%. Source