$248M stablecoins flow out of Coinbase as community refutes exchange liquidity issues

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Rumors surfaced Friday night that Coinbase could face liquidity issues following leaked emails stating that it would suspend its affiliate program. Business Insider reported that they received emails stating; “This has not been an easy decision, nor was it made lightly, but, due to crypto market conditions and the outlook for the remainder of 2022, … Read more

Coinbase SEC investigation could have ‘serious and chilling’ effects: Lawyer

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An investigation reportedly launched by the Securities and Exchange Commission (SEC) into Coinbase’s alleged trading of unregistered securities could have a “serious and chilling effect” on crypto exchanges and token projects, according to a legal expert.  Michael Bacina, an Australian digital assets lawyer with Piper Alderman told Cointelegraph that the impact on exchanges and projects … Read more

Cathie Wood Trades the News on Shopify and Coinbase Stocks. Should Investors Do the Same? | The Motley Fool

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Macroeconomic uncertainty has been a headwind for many businesses, but Shopify (SHOP 11.70%) and Coinbase Global (COIN 11.15%) have really felt the bite of the bear market. After growing at a turbocharged pace throughout the pandemic, both companies have seen momentum fizzle as high inflation has put pressure on discretionary consumer spending. To better manage … Read more

SEC Investigates Coinbase Which Still Claims That None of Its Assets Are Securities

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Gary Gensler, Chair of the U.S. Securities and Exchange Commission, has been pretty dogged in his allegation that crypto should be defined as a securities for the purpose of regulation.Photo: Bill Clark-Pool (Getty Images) Two U.S. regulatory agencies that can’t agree who should be in charge of regulating crypto are both acting in completely different … Read more

SEC Claims Coinbase Currently Lists Nine Crypto Assets That Are Securities – Decrypt

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The SEC today claimed in a new court filing that at least nine digital assets listed on the cryptocurrency exchange Coinbase are unregistered securities. The nine assets in question are AMP (AMP), Rally (RLY), DerivaDEX (DDX), XYO (XYO), Rari Governance Token (RGT), LCX (LCX), Powerledger (POWR), DFX Finance (DFX), and Kromatika (KROM). “A digital token … Read more

Former US Coinbase employee and two others charged with insider trading

A former Coinbase employee and two others have been charged in what federal authorities described as the US government’s first cryptocurrency insider trading case. Ishan Wahi, a product manager at the cryptocurrency exchange, and his brother Nikhil Wahi were arrested in Seattle on Thursday. They and a third defendant, their friend Sameer Ramani, who remains … Read more

Coinbase Cites ‘Technical Issues’ for Users’ Difficulty Accessing Funds

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Photo: Leon Neal (Getty Images) Is it a bad sign for an industry when technical issues and ending a little-known promotional campaign lead to immediate concerns that one of the biggest players in the crypto game is in financial danger? Let me just answer that question: yes, of course it is. Over the weekend, Coinbase … Read more