Tag: Coinbase

Coinbase to Add DeFi Apps Aave and Uniswap to Its L2 Network Base

Coinbase might be set to integrate several other protocols with Base, starting with Aave and Uniswap. American crypto exchange Coinbase Global Inc (NASDAQ: COIN) is reportedly making moves to bring decentralized finance applications Aave and Uniswap to Base. According to a CoinDesk report, the plans were revealed by a source who is closely familiar with the situation. Addition to Coinbase L2 Network Base: Aave and Uniswap Apps Recall, as Coinspeaker reported a month ago, Coinbase recently launched Base — its layer-2 network. However, the blockchain was built using the Ethereum-scaling…

Coinbase files brief in SEC Wahi case, says it doesn’t sell securities, but would like to

Cryptocurrency exchange Coinbase filed an amicus brief in support of a motion to dismiss the case brought by the United States Securities and Exchange Commission (SEC) against former Coinbase product manager Ishan Wahi and other for insider trading. Coinbase condemns the defendants conduct, it said in the brief, but supports the defendants’ motion because of the SEC’s assumption that the exchange listed securities on its platform. Coinbase stated in its amicus (“friend of the court”) brief that it had fully cooperated with the investigation of Wahi, his brother and their…

Coinbase files brief in SEC Wahi case, says it doesn’t sell securities but would like to

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Cryptocurrency exchange Coinbase filed an amicus brief in support of a motion to dismiss the case brought by the United States Securities and Exchange Commission against former Coinbase product manager Ishan Wahi and others for insider trading. Coinbase says it condemns the defendants’ conduct but supports their motion because of the SEC’s assumption that the exchange listed securities on its platform. Coinbase states in its amicus (“friend of the court”) brief that it has fully cooperated with the investigation of Wahi, his brother and their friend, and it implies that…

Coinbase (COIN) Stock Gains 10% amid Banking Crisis and Crypto Recovery

Coinbase shares are up approximately 67 percent YTD, despite a 62 percent decline last year. Coinbase Global Inc (NASDAQ: COIN) enjoyed a spike in market confidence, and the traditional banking sector proved risky to most investors. According to the latest stock market data from TradingView and MarketWatch, COIN shares closed Monday trading at $59.17, up 10.17 percent from the day’s opening price. The COIN rally continued during the after-hours trading session, up approximately 2 percent. Coinbase managed to maneuver the weekend banking crisis, which saw two major banks fail at…

Coinbase Suspends BUSD Trading over Liquidity Concerns

Coinbase also noted that users will be able to withdraw their existing BUSD assets whenever they choose. Cryptocurrency exchange Coinbase has officially suspended BUSD trading on its platform. The decision follows from the earlier announcement by company CEO Brian Armstrong that the company would delist BUSD.  Recall that Coinbase claimed that BUSD no longer measured up to its listing standards after an internal review of the asset. Armstrong cited concerns that its users will not be able to get liquidity if Paxos stops minting BUSD. Following that announcement, there was…

Coinbase Files Amicus Brief in Insider Trading Case: ‘We Need Rulemaking’

“Such behavior is improper for a government agency, and is irreconcilable with due process concerns,” it argued in its brief. “The SEC’s motive, then, is merely to backdoor a precedent that can be used in other cases, as, indeed, it is already doing in other cases where the DOJ has brought an action, and the SEC has piled on with similar allegations of securities laws violations against absent third parties.” Source

Coinbase disables trading for BUSD

US-based cryptocurrency exchange Coinbase announced the suspension of trading for the Binance  USD (BUSD) stablecoin on March 13 via Twitter.  We have disabled trading for Binance USD (BUSD). Your BUSD funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time. https://t.co/jfpCZX7UTC — Coinbase Assets (@CoinbaseAssets) March 13, 2023 On Feb 27, Coinbase cited “listing standards” as the reason behind its decision to disable trading for BUSD on March 13. The February announcement read;  We regularly monitor the assets on our…