US-based crypto exchange Coinbase has taken a major step forward in the digital payments space by introducing support for the Bitcoin Lightning Network. This allows users to make instant and cheaper Bitcoin transfers. According to Tuesday’s announcement, the integration of Lightning Network into Coinbase aligns with the company’s goal of creating a “global payment system […]
The cryptocurrency industry is pushing the US Securities and Exchange Commission (SEC) to establish clear rules and regulations for the crypto market. Major players, including Paradigm, the Crypto Council for Innovation, and the US Chamber of Commerce, have argued with the district court to support Coinbase’s appeal to the SEC to provide specific guidelines for […]
Coinbase Global, the largest cryptocurrency exchange in the United States, is confronting a potential setback as JPMorgan Chase & Co. downgraded its rating on the company’s stock. The downgrade comes amidst concerns over a decline in Bitcoin’s value and fading enthusiasm for exchange-traded funds (ETFs) directly linked to the largest cryptocurrency in the market. Bitcoin […]
In a highly anticipated court hearing on January 17, the ongoing legal battle between the US Securities and Exchange Commission (SEC) and Coinbase, the US-based cryptocurrency exchange, took a dramatic turn. Coinbase argued that the tokens traded on its platform should not be considered securities, which could positively impact the entire crypto community if the […]
The Securities and Exchange Commission (SEC) is coming after crypto exchanges Binance and Coinbase with renewed vigor. As part of its efforts to secure victory in the ongoing legal battles against these exchanges, the Commission has brought the court’s attention to a recent landmark case to bolster its arguments. SEC Cites Ruling In Terra Case […]
In a surprising twist of events, crypto exchange Bybit appears to be under the regulatory spotlight of the CFTC. The US government agency has sent a subpoena to Coinbase, demanding information on user accounts connected to Bybit. CFTC Targets Bybit Following its regulatory crackdown on Coinbase, the Commodity Futures Trading Commission (CFTC), appears to have […]
Amid the decline in crypto interest, reports have shown that American-based crypto exchange Coinbase, one of the world’s largest cryptocurrency exchanges experienced, a sharp drop in spot trading volume during the third quarter of 2023. Coinbase Spot Trading Volume Dropped by Half According to the report, the cryptocurrency platform’s spot trading volume fell by more […]
The legal battle between Coinbase and the Securities and Exchange Commission (SEC) took a significant turn as the SEC made a recommendation related to Coinbase’s rulemaking appeal, a crucial component of their mandamus action. Coinbase’s Chief Legal Officer, Paul Grewal, revealed that the SEC communicated with the Third Circuit regarding Coinbase’s rulemaking petition, shedding light […]