Tag: Coinbase

Judge Dismisses Proposed Class Action Suit Alleging Coinbase Sold Unregistered Securities

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Coinbase Fined €3.3 Million in Netherlands, Exchange Considers Appeal – Exchanges Bitcoin News

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The Dutch central bank has imposed a fine on crypto exchange Coinbase for providing services in the past without the necessary registration. The trading platform, which has until March to object to the measure, is currently considering an appeal against the move. Dutch Monetary Authority Fines Coinbase for Operating Without Registration De Nederlandsche Bank (DNB) has imposed an administrative fine of €3,325,000 (over $3.6 million) on Coinbase Europe Limited, on Jan. 18, 2023. An announcement explained the penalty with the exchange offering crypto services in the Netherlands in a past…

Coinbase Incurs $3.6M Dutch Fine for Providing Unregistered Crypto Services

American crypto exchange Coinbase plans to protest a weighty fine imposed by the Dutch central bank over “non-compliance” violations.  Coinbase (NASDAQ: COIN) has received a $3.6 million fine from the Dutch central bank for offering unregistered crypto services to customers in the country. According to the Dutch apex bank, Coinbase’s Europe arm provided the crypto services without the legally required registration until late September 2022. The governing bank cited Dutch law, which requires that crypto providers register under anti-money laundering and terrorist financing norms. The De Nederlandsche Bank (DNB) described the Coinbase fine…

Coinbase fined $3.6M in the Netherlands

De Nederlandsche Bank (DNB), the Dutch central Bank, fined cryptocurrency exchange Coinbase 3.3 million euros ($3.6 million), due to non-compliance with local regulations for financial service providers, according to a Reuters report on Jan 26.  The exchange reportedly failed to obtain the necessary registration to offer services in the Netherlands prior to beginning operations in the country. The DNB said it took into consideration the size of Coinbase as a company and the fact that it has a “significant number of customers in the Netherlands.” The authorities claimed Coinbase was…

Gala (GALA) Games Connects with Coinbase Wallet, Axie Infinity (AXS) Experiences a Hike in User Activity, while Orbeon Protocol (ORBN) Flaunts 987% Growth

Place/Date: – January 25th, 2023 at 5:16 am UTC · 4 min read Source: Orbeon Protocol A few cryptocurrencies recently gained momentum, and gathered the interest of investors. Among them, the current trends are focused on the increasing popularity of Gala (GALA), Axie Infinity (AXS), and Orbeon Protocol (ORBN). So, let us learn more about each of these tokens. Gala (GALA) Links Up with Coinbase Wallet, Offering a Token Price of $0.046 The Gala (GALA) ecosystem is accessible through the Coinbase platform, which is the biggest crypto exchange in the…

Surojit Chatterjee to retain 249,315 shares of Coinbase stock after departing company

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Surojit Chatterjee, the former chief product officer at Coinbase, will officially leave the company on February 3rd after reportedly making an estimated $105 million in stock sales.  According to disclosures filed with the Securities and Exchange Commission, Chatterjee will also retain 249,315 shares of Coinbase stock. At the time of publication, Coinbase stock was valued at $54.28 per share, by Google Finance.  Chatterjee joined Coinbase from Google in February 2020 with a salary of just under $1 million per year. In recognition of Chatterjee’s contributions to the company, Coinbase and…

Dogecoin Whale Transfers $5M In DOGE To Coinbase, Bearish Signal?

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Data shows a Dogecoin whale has deposited more than $5 million in the crypto to Coinbase. Here’s what it may mean for DOGE’s price. Dogecoin Whale Sends 57 Million DOGE To Crypto Exchange Coinbase As per data from the crypto transaction tracker service Whale Alert, a massive Dogecoin transaction has taken place on the blockchain today. In total, this transfer involved the movement of 57,056,400 DOGE, worth upwards of $5 million at the time the transaction was sent. Since the amount here is so large, the entity behind the transfer…