Tag: Coinbase

Coinbase Says FDIC Not Cooperating With Exchange’s Freedom of Information Request in New Court Filing

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Coinbase’s legal representatives say the U.S. Federal Deposit Insurance Corporation (FDIC) hasn’t been cooperating with Freedom of Information Act (FOIA) requests. Coinbase has been attempting to leverage FOIA to uncover instances of the FDIC asking banks to freeze crypto services, known as “pause letters,” but the top US crypto exchange says the regulator hasn’t been complying with its information requests. Paul Grewal, Coinbase’s chief legal officer, claims the pause letters were part of “Operation Choke Point 2.0,” an alleged attempt by Biden Administration government regulators to stifle the crypto industry.…

Kentucky joins Vermont and South Carolina in dropping Coinbase staking suit

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Kentucky’s finance watchdog has dismissed its lawsuit against Coinbase over the exchange’s staking rewards program, following its peers in Vermont and South Carolina. Kentucky’s Department of Financial Institutions filed the stipulation to dismiss jointly with Coinbase on April 1, ending the state’s legal action against the exchange first filed along with 10 other state regulators in June 2023. Coinbase chief legal officer Paul Grewal posted to X on April 1, calling for Congress “to end this litigation-driven, state-by-state approach with a federal market structure law.” Source: Paul Grewal Financial regulators…

XRP investors eye Panshibi as Binance, Coinbase approval rumors gain momentum

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XRP price speculations surge as Panshibi launches amid Binance, Coinbase rumors, sparking SHIBI’s growth outlook. While the government and banks have not changed their intentions on its use case, speculations continue to grow around developments affecting the XRP price prediction. Meanwhile, Panshibi’s launch has sparked interest, with reports suggesting possible listings on major exchanges like Binance and Coinbase. If confirmed, this could influence investor sentiment and market positioning. As…

Coinbase sees worst quarter since FTX collapse amid industry bloodbath

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Publicly traded US-based crypto exchange Coinbase saw its worst quarter since the collapse of crypto exchange FTX in 2022. Coinbase shares started 2025 trading at just over $257 on Jan. 2 and ended the quarter at a little over $172 on March 31, a dip of 33%, according to market data. This makes the first quarter of 2025 the worst for Coinbase’s stock performance since the collapse of FTX in November 2022. In Q4 of that year, its share price went from nearly $66 on Oct. 3 to $35.4 on…

Coinbase CEO Brian Armstrong Pitches for On-Chain Interest to Stablecoin Issuers

Key Notes Armstrong argued that permitting on-chain interest for stablecoins could provide US consumers with an estimated 4% yield. This could enhance spending, saving, and investment, strengthening local economies. Armstrong believes that enabling stablecoin interest could accelerate the use of USD-backed digital assets globally. Brian Armstrong, the CEO of crypto exchange Coinbase stated that the US legislation should upgrade while allowing stablecoin holders to earn “on-chain interest” on their holdings. He said that having such an arrangement in place would be “consistent with a free market approach”. In a post…

Coinbase CEO calls for change in stablecoin laws to enable ‘onchain interest’

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Coinbase CEO Brian Armstrong is calling for legislative changes in the US to allow stablecoin holders to earn “onchain interest” on their holdings. In a March 31 post on X, Armstrong argued that crypto companies should be treated similarly to banks and be “allowed to, and incentivized to, share interest with consumers.” He added that allowing onchain interest would be “consistent with a free market approach.” Source: Brian Armstrong There are currently two competing pieces of federal stablecoin legislation working their way through the legislative process in the US: the…

Coinbase Stocks Slide Over 30% This Quarter, Matching Post-FTX Collapse Lows

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Shares of Coinbase (COIN), the largest crypto exchange in the US, have faced significant declines during the first quarter (Q1) of the year, primarily due to escalating concerns about…

Coinbase Victim of Latest Phishing Scam, Users Lose over $46 Million

Key Notes According to ZachXBT, one single theft of 400 BTC worth $34.9 million, was the biggest in the phishing scam. Fraud tactics like address poisoning and wallet spoofing continue to exploit users, with Coinbase remaining the most impersonated crypto brand. Coinbase advises users to enable two-factor authentication, use a dedicated email, and store funds in Coinbase vaults. Blackchain sleuth ZachXBT has recently reported that users of crypto exchange Coinbase have collectively lost over $46 million just over the past two weeks to suspected phishing scams. The blockchain investigator reported that…

Coinbase users hit by $46M in suspected phishing scams — ZachXBT

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Coinbase users may have lost as much as $46 million to suspected phishing scams over the past two weeks as rising crypto prices continue to attract bad actors to the industry. Scams such as address poisoning and wallet spoofing involve tricking victims into sending assets to fraudulent wallet addresses that closely resemble legitimate ones. According to blockchain investigator ZachXBT, multiple Coinbase-linked wallets have been targeted this month. A screenshot from blockchain explorer Blockchair shows a suspected 400 Bitcoin (BTC) theft from a single wallet address. “It is suspected a Coinbase…

Coinbase and Kraken Urge to Block Prosecuting Web3 Builders

On Mar. 26, an open letter signed by 34 crypto companies urged the U.S. senators and congressmen to correct the code interpretation by the Department of Justice, where the DOJ suggested that web3 developers like the Tornado Cash team were involved in “unlicensed money transmitting business” simply through creating an open-source software. The letter doesn’t mention Tornado Cash or Samourai developers, who were prosecuted for their involvement in the creation of the respective Bitcoin mixer platforms. However, the letter is based on the Tornado Cash case. It saw the light…