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, […]
Coinbase Warns About Dangers of Bitcoin Treasury Model
Simply put Coinbase’s leading analyst warned on Thursday that a decline in BTC prices could trigger a broader crisis in the cryptocurrency market due to increased reliance on Bitcoin by public companies. If many companies, which collectively hold billions in BTC, need to sell their tokens to appease investors simultaneously, it might create chaotic sales […]
Coinbase recruits leading political strategist as the cryptocurrency sector showcases its emerging political influence.
Coinbase Expands Political Influence with New Advisor NEW YORK – Kamala Harris’ senior adviser for the 2024 presidential race has joined Coinbase’s Global Advisory Council, marking a significant expansion of the cryptocurrency exchange’s political reach. David Plouffe, a prominent Democratic strategist known for designing Barack Obama’s victorious 2008 campaign, is the newest member of this […]
BiT Global, Associated with Justin Sun, Decides to Withdraw Lawsuit Against Coinbase Over Wrapped Bitcoin
Simply put BIT Global has decided to drop its lawsuit against Coinbase regarding the listing of Bitcoin (WBTC). This legal action originated after Coinbase announced it wouldn’t list WBTC, following BIT Global’s plans to become involved with the token, which is linked to crypto pioneer Justin Sun. In the meantime, Coinbase’s own wrapped Bitcoin product, […]
Coinbase Was Aware of Its Data Breach Months Before Revealing It
Simply put Coinbase reportedly became aware of a data breach related to its third-party contractor Taskus back in January. Allegations have surfaced that some Taskus employees leaked customer information in exchange for bribes. The hackers are demanding $20 million in Bitcoin from Coinbase. In January, Coinbase identified a breach affecting customer data that involved its […]