Coinbase obtains MiCA license and chooses Luxembourg as its EU base.
Coinbase Secures MICA License in Luxembourg Coinbase has successfully obtained its Market for Crypto-Assets (MICA) license from the Luxembourg Committee de Surveillance du Secteur Financier. This development highlights the competitive landscape of the European crypto sector, where other exchanges are also seeking registration. OKX and Crypto.com received their MICA licenses in January, with BYBit following […]
JPMorgan Chase and Coinbase Join Forces to Introduce a New Token for Institutional Deposits
The largest bank in the U.S., JPMorgan Chase, has recently made a notable entry into the cryptocurrency market by introducing its own digital currency, called JPMD. Announced on Tuesday, the bank aims to pilot JPMD in partnership with U.S.-based cryptocurrency exchange Coinbase, illustrating its commitment to innovation in finance. A new era of deposit tokens? […]
Is there potential for more growth after Coinbase Global’s 16.3% increase?
Coinbase Shares Surge Coinbase Global, Inc. (COIN) shares ended the last trading day at $295.29, marking a 16.3% increase. This rise came with noticeably high trading volume, surpassing the usual activity. In contrast, the stock has seen a decline of about 2.9% over the past month. The recent growth may be linked to a bill […]
XRP ETF from $1.4 Trillion Firm Delayed by SEC, Major Spanish Bank Supports Bitcoin, Coinbase Introduces New Ethereum-Based Crypto Listings: Crypto News Summary
U.Today shares the latest three news stories from the past day. SEC Delays Decision on $1.4 Trillion XRP ETF Filing The SEC has decided to postpone its ruling on the Franklin Templeton Spot XRP ETF. Initially, it was anticipated that an announcement would be made on May 3rd. However, now the deadline has been extended […]
Coinbase and Circle stocks rise with new stablecoin legislation
Coinbase and Circle saw their stock prices rise significantly on Wednesday after U.S. lawmakers expressed support for clearer regulations on stablecoins by advancing the Genius Act for home approval. On that day, Coinbase (Coin) listed on Nasdaq closed up by 16.32%, reaching $295.29, while Circle (CRCL), traded on the NYSE, rose 33.82% to $199.59, according […]
Coinbase looking for SEC permission to provide blockchain-based shares
Coinbase is seeking approval from the Securities and Exchange Commission (SEC) to offer “tokenized stocks” to its users, according to the company’s chief executive in a Reuters interview. Paul Grewal, the Chief Legal Officer at Coinbase, indicated that this initiative is a priority for the company. Tokenized stocks involve converting a company’s shares into digital […]
Ubyx, a startup for stablecoin clearing, secures $10M in funding supported by Galaxy, Coinbase, and others.
Ubyx Secures $10 Million for Global Stablecoin Clearing System A startup named Ubyx, started by ex-Sit Group executive Tony McLaughlin, has successfully raised $10 million to develop a worldwide clearing system for stablecoins, which aims to enhance the usage within the sector. This funding round was led by Galaxy Ventures and includes investment from Coinbase […]
Gemini and Coinbase likely to obtain EU licenses under MiCA, according to a report.
Gemini and Coinbase Set to Acquire EU Licenses Gemini and Coinbase, prominent players in the crypto-exchange world, are reportedly in the process of obtaining licenses to operate within the European Union. This step is significant as it aligns with the newly established regulations for cryptocurrencies under the MICA framework. Gemini is expected to gain approval […]
Metaplanet’s Bitcoin reserves reach 10,000 BTC, surpassing Coinbase
The Japanese investment firm Metaplanet has made headlines with its recent acquisition of 1,112 Bitcoins, pushing its total holdings to a notable 10,000 BTC. This means Metaplanet has now overtaken Coinbase, positioning itself as the seventh largest publicly listed company in terms of Bitcoin assets. On Monday, Metaplanet shared an announcement revealing that it invested […]
Coinbase and Shopify collaborate for USDC payments
Cryptocurrency Developments and Partnerships As interest in Bitcoin, Ethereum, and other cryptocurrencies continues to rise among investors, traditional financial institutions on Wall Street are adapting to these changes. This week’s highlights showcase how established financial players are intersecting with the emerging world of digital currencies. Coinbase Teams Up with Shopify for USDC Payments On Thursday, […]