Tag: Coinbase

Coinbase Saw 66% Jump in Law Enforcement Requests Last Year

Amid the crypto winter of 2022 and major bankruptcies this year 2022, law enforcement agency requests have doubled at Coinbase. On Monday, December 12, crypto exchange Coinbase reported that the total number of law enforcement requests has skyrocketed by a staggering 66% through the year ending September 30. The exchange released its transparency report which showed that a majority of the requests i.e. 43% came from the US. This was ultimately followed by the UK, Spain, and Germany. As of now, crypto exchange Coinbase serves nearly 108 million customers from…

Coinbase report shows dramatic increase in law enforcement enquiries worldwide

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Coinbase has seen information requests from law enforcement surge over the past year, the cryptocurrency exchange reported in its latest transparency report. The vast majority of the enquiries came from the United States and were tied to criminal investigations.  Coinbase’s new transparency report covers the last four quarters ending with September. In that time, the exchange received 12,320 information requests from law enforcement, an increase of about 66%. The United States accounted for 5,304, or 43%, of those requests. The United Kingdom, Germany and Spain produced between 1,000 and 2,000…

Coinbase Says Law Enforcement Requests Rose 66% From Year Ago

The highest volume of law enforcement and agency requests from a single country came from the U.S., with 5,304, while the second-most number of requests came from the U.K. with 1,744, the report said. The number of U.S. requests increased 6% from the previous annual period. and Coinbase noted around 80% of total requests came from the U.S., U.K., Germany and Spain. Source

Ark Invest Acquires 78,982 Coinbase Shares, Increasing Total Holdings

Ark Invest resumed its Coinbase shares acquisition in October when it added 10,880 shares, pushing the valuation of its then-total holdings to $60.5 million. Again, Florida-based investment management firm Ark Invest has purchased shares of popular cryptocurrency exchange Coinbase (NASDAQ: COIN). The recent purchase was the company’s first investment in the cryptocurrency exchange in December. According to the e-mail by Ark Investment, the firm purchased a total of 78,982 COIN shares for approximately $3 million. The renowned Coinbase shares purchaser recently resumed its acquisition after taking a break since June.…

Ark Invest Adds Coinbase Stock as Crypto Exchange’s Price Slides

The purchase takes the ARK Innovation ETF’s (ARKK) holding to 5.7 million COIN shares. That puts the purchase on the small side – increasing the ETF’s exposure by 1.4%. It suggests the investment firm still sees bullish signs for the crypto sector, though may be opting for a cautious approach while the dust settles on a rocky period. Source AddsARKCoinbaseCryptoExchangesInvestPriceSlidesStock CryptoX Portal

Coinbase Entices Users to Switch From USDT to USDC, Crypto Firm Says Recent Events ‘Put Some Stablecoins to the Test’ – Bitcoin News

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Coinbase, one of the largest cryptocurrency firms in the industry, has published a blog post that tells users to “switch to the trusted and reputable digital dollar,” referring to the stablecoin asset usd coin. The company’s blog post specifically mentions switching the stablecoin asset tether over to usd coin, and the firm is offering “zero fees” to swap these two tokens. Coinbase Offers Users Zero Fees to Switch From Tether to Usd Coin, Crypto Community Questions Motive On Thursday, Dec. 8, 2022, Coinbase shared a new blog post and tweeted…

Coinbase Waives Fee for Conversion from USDT to USDC

Tether CTO Paolo Ardoino denounced the decision, along with several Twitter users who have questioned the motive. Coinbase has announced zero conversion fees for customers wanting to change to a popular stablecoin USDT  in a new drive that emphasized the quality of reserves that support Circle-owned USD Coin (USDC). According to a Coinbase blog post, affairs in the previous week have led to the assessment of some stablecoins while also witnessing a flight to safety. It went on to claim that USDC was considered a reputable and trustworthy stablecoin. Coinbase…

Coinbase takes a shot at Tether, encourages users to switch to USDC

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United States-based cryptocurrency exchange Coinbase has asked its customers to convert their Tether-issued USDT (USDT) stablecoin to USD Coin (USDC), a USD-pegged stablecoin issued by Circle and co-founded by Coinbase in 2018. The cryptocurrency exchange suggested that USDC is a much more secure alternative in the wake of the FTX collapse saga and has also exempted any fee on the conversion of USDT to USDC on its platform. The firm said: “We believe that USD Coin (USDC) is a trusted and reputable stablecoin, so we’re making it more frictionless to switch:…