Cryptocurrency exchange Coinbase is acquiring a minority stake in Circle Internet Financial, dissolving their partnership and bringing the stablecoin USD Coin fully in-house, while also adding native support for USDC on six additional blockchains, bringing the total to 15.
Coinbase receives approval for futures trading in the US and the SEC is considering approving an Ethereum ETF, signaling progress in the crypto industry.
Coinbase may be misrepresenting itself as an exchange and could be violating state money transmitter licenses, according to allegations made by ChainArgos' CEO and General Counsel. The company argues that Coinbase is legally an over-the-counter (OTC) broker rather than an exchange operator, and it may be in violation of its licenses with its Ethereum platform, Base.
Coinbase is in talks with major Canadian banks to gain support for the crypto industry in Canada as it faces regulatory uncertainty in its home country, aiming to have the banks participate in the crypto economy in the near future.
Leading US-based cryptocurrency exchange Coinbase will suspend trading for Multichain (MULTI) and five other assets, following the advisory from Multichain to stop using its services and recent assessment of the assets.
Summary: Coinbase and Circle have dissolved the Centre Consortium due to regulatory clarity issues surrounding stablecoins, with Coinbase taking an equity stake in Circle and Circle assuming enhanced responsibilities for the USD Coin (USDC) stablecoin; Binance.US partners with MoonPay to use Tether (USDT) as its new "base asset" for transactions, while Binance faces challenges with fiat withdrawals in Europe; Shopify now accepts USDC payments on its platform, and Solana Pay plans to add additional altcoins; China launches a blockchain-powered data exchange with over 300 participating enterprises.
Crypto exchange Binance's Poland entity, Binance Poland, will provide services to residents of Belgium in compliance with regulatory obligations, following an order from the Belgian Financial Services and Markets Authority (FSMA) to stop offering crypto services due to violations of AML and CFT requirements.
Coinbase has launched a new crypto lending service for institutional clients, offering overcollateralization and secured loans in the wake of the bankruptcies of similar firms Genesis and BlockFi.
Cryptocurrency exchange Coinbase has increased its debt buyback offer to $180 million, with $50 million in tendered notes already accepted for purchase, as it aims to repurchase its 2031 senior notes.
Crypto exchange Coinbase plans to focus on non-U.S. markets, including the European Union, the United Kingdom, Canada, Brazil, Singapore, and Australia, due to their clearer crypto laws, as it seeks to expand its operations and establish partnerships with global and local banks and payment providers while ensuring compliance with governance systems. The company also aims to intensify its lobbying and visibility efforts ahead of the EU elections and engage with the G20 to create global crypto standards.
The lack of clear crypto regulations in the US has caused significant issues for the industry, leading to collapses and a weakening of America's position as a financial hub, according to Coinbase CEO Brian Armstrong. He emphasizes the need for clear rules that recognize the innovation potential of the technology while protecting consumers. Armstrong also highlights the potential benefits of Bitcoin exchange-traded funds (ETFs) and Coinbase's role as custodian in many ETF applications.
Coinbase CEO Brian Armstrong revealed in an interview that the exchange is interested in developing the next generation of stablecoins, including the concept of flatcoin, which would be backed by the Consumer Price Index (CPI) or purchasing power rather than a fiat currency.
Coinbase plans to halt all exchange services for users in India due to regulatory challenges, prompting existing users to withdraw their funds and disabled new sign-ups, while encouraging users to download Coinbase Wallet instead.
Coinbase has introduced a Web3 wallet for institutions, allowing professionals to access crypto, NFTs, dapps, and DeFi in a secure and controlled manner.
Crypto exchange Coinbase has confirmed its decision to integrate the Lightning Network, a layer 2 payment protocol, in order to enable faster and cheaper Bitcoin transactions and compete against newer cryptocurrency projects.
Coinbase, the largest U.S. cryptocurrency exchange, is actively engaging with Ohio voters through events, ads, and lobbying efforts, highlighting the potential economic benefits of the crypto industry to the state. They are pushing for the passage of the FIT21 Act, which would provide regulatory clarity for cryptocurrency exchanges. However, the legislation's fate is uncertain, as there are differing opinions among lawmakers regarding crypto regulation.
Cryptocurrency exchange Coinbase holds almost 1 million Bitcoin, worth over $25 billion, with its largest cold wallet containing around 10,000 BTC.
Coinbase, the U.S. cryptocurrency exchange operator, may invest more elsewhere if the U.S. cannot get crypto regulation right, raising questions about whether the U.S. is still the primary hub for crypto innovation and development.
The U.S. SEC and Coinbase are in conflict over Celsius' request to use Coinbase as a distribution agent, with the SEC arguing that this would go beyond the scope of a distribution agent and involve brokerage and trading services; Coinbase's Chief Legal Officer questions why the SEC would object to a trusted US company taking on this role.
Coinbase registers with Spain's central bank for crypto services, FTX founder requests temporary release from jail, and JPMorgan CEO warns of the potential negative impact of rising U.S. interest rates.
Coinbase is leading a major lobbying effort in Washington D.C. to garner support for new regulations in the cryptocurrency industry.
Crypto exchange Kraken has obtained a virtual asset service provider registration in Spain and an e-money institution license in Ireland, allowing it to offer various services across Europe. Kraken is expanding its operations in response to the EU's regulatory approach to crypto.
Coinbase International Exchange, the Bermuda-based subsidiary of Coinbase, has received regulatory approval to offer perpetual futures trading to non-US retail customers, providing them access to the derivatives market dominated by institutions.
United States-based cryptocurrency exchange Coinbase has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), allowing the company to expand its digital payment token services in the country.
The U.S. Securities and Exchange Commission (SEC) has asked a judge to reject Coinbase Global's request to dismiss the regulator's lawsuit against the cryptocurrency exchange, arguing that a recent court ruling used by Coinbase in its defense does not apply in this case.
Coinbase, the top US crypto exchange, is focusing on international markets due to regulatory uncertainty in the US and aims to bring a billion people into crypto.
Crypto exchange Bitstamp is in talks with several big European banks to offer cryptocurrency services, indicating that the European Union's regulatory framework is enabling traditional financial institutions to enter the digital asset space, in contrast to the US where regulators are cracking down on crypto.
Coinbase is facing a legal battle with federal regulators over its operation as an unregistered securities exchange, with three new legal filings supporting the SEC's argument that it has the authority to regulate cryptocurrency under existing laws.
Coinbase, the largest US crypto exchange, argues that a proposed IRS rule to define crypto brokers and regulate tax payments will threaten the industry and invade Americans' privacy.
Coinbase is pressing the U.S. Securities and Exchange Commission (SEC) to respond to its rulemaking petition on clarifying the application of securities laws to digital assets within 30 days.
Coinbase is demanding immediate action from the Securities and Exchange Commission (SEC) or for the courts to intervene on its request for formal rules on digital assets as securities. Despite a previous delay, Coinbase accuses the SEC of refusing to act on its petition, leaving digital assets in a difficult situation with no clear guidelines.
Coinbase has chosen Ireland as its regulatory hub in the EU, positioning itself to take advantage of the Markets in Crypto Assets (MiCA) laws which will allow crypto service providers to operate across the bloc.
Crypto exchange Binance has onboarded new fiat service providers for euro payments, deposits, and withdrawals in Europe after its former provider halted services, offering EUR deposits and withdrawals via SEPA and EUR spot trading pairs.
Coinbase's chief legal officer is optimistic that bitcoin spot exchange-traded fund (ETF) applications will be approved by the U.S. Securities and Exchange Commission, potentially boosting the price of bitcoin and benefiting crypto-linked stocks.