The cryptocurrency community is basking in the glow of a major political victory following the reelection of Donald Trump after pouring over $200 million into campaigns and political action committees.
Popular crypto exchange Coinbase has issued a fiery challenge against recent SEC allegations and claims that it does not engage in trading unregistered securities. According to Coinbase, allegations from the SEC are based on “superficial and incorrect analogies to products and services offered by others.”
Cryptocurrency exchange Coinbase filed a lawsuit against the Securities and Exchange Commission (SEC) on Monday, urging the regulator to publicly disclose its response to a petition concerning the regulation of the crypto industry within existing SEC frameworks.
The Commodity Futures Trading Commission (CFTC) today sued Binance Holding Ltd., alleging it violated U.S. rules on futures and derivatives trading — despite the fact that Binance has no formal presence in the U.S.
All in-game ads for the upcoming Super Bowl LVII have been sold out ahead of Sunday’s game between the Philadelphia Eagles and the Kansas City Chiefs, but there has been a shakeup since last year’s advertising bonanza — no crypto ads will be shown during the big game after last year’s championship game featured ads from FTX, Coinbase, Crypto.com, and eToro.
Cryptocurrency exchange Coinbase has reached a $100 million settlement with New York regulators, agreeing to pay a $50 million fine for letting customers open accounts with poor background checks, and another $50 million to improve compliance.
FTX founder Sam Bankman-Fried may have inflated the amount of funds on his failed exchange by “exaggerating the returns or stuffing them,” Breitbart Economics Editor John Carney explained.
Almost 100 victims of crypto scams are trying to hold trading platform Coinbase responsible for their losses over the past year, which reportedly involve thousands of people losing tens — if not hundreds — of millions of dollars in cryptocurrency. Scammers allegedly took money out of people’s accounts, which are managed by the Coinbase app.
Coinbase, the cryptocurrency exchange that spent millions of dollars on Super Bowl ads just months ago, is now laying off thousands of employees as cryptocurrency prices crash yet again. Coinbase isn’t alone in this reversal of fortune — Crypto.com is laying off staff just months after its widely mocked Super Bowl ad starring Matt Damon.
Crypto trading platform Coinbase will cut 18 percent of its staff with CEO Brian Armstrong warning of a worldwide recession and the possibility of a “crypto winter.”
Coinbase, one of the world’s top cryptocurrency exchanges, says it has blocked 25,000 cryptocurrency addresses linked to Russia, and released a statement saying it is “committed to complying with sanctions.”
Cryptocurrency trading company Coinbase is attempting to reassure its customers that its platform is stable following a Super Bowl ad featuring a bouncing QR code linking to a signup page for new accounts which promptly crashed the entire website. Coinbase claims the massive response led it to “temporarily throttling our systems.”
The CEO of cryptocurrency exchange Coinbase, Brian Armstrong, has accused the Securities and Exchange Commission (SEC) of unfairly targeting his platform and selective rule enforcement. Armstrong posted to social media: “They are refusing to offer any opinion in writing to the industry on what should be allowed and why, and instead are engaging in intimidation tactics behind closed doors. If you don’t want this activity, then simply publish your position, in writing, and enforce it evenly across the industry.”
The popular cryptocurrency exchange Coinbase mistakenly sent emails to 125,000 users incorrectly informing them that their two-factor authentication settings had been changed, leading many users to worry that their account had been hacked.
The Justice Department announced on Monday that it had recovered $2.3 million of the cryptocurrency ransom paid by Colonial Pipeline Co. to ransomware hackers. The funds were seized from an account located in California, leading many to suspect the ransom was paid to a Coinbase wallet — a claim the cryptocurrency exchange has denied.
Coinbase CEO Brian Armstrong is sounding the alarm over a proposed regulation from the Department of the Treasury that would clamp down on the use of independent cryptocurrency wallets and potentially strengthen financial censorship.
Former employees of the popular cryptocurrency exchange Coinbase told the New York Times that they experienced racist and discriminatory treatment during their time with the company. The report comes just weeks following the adoption of a company policy that prohibited discussion of politics at the workplace.
Following Coinbase CEO Brian Armstrong’s recent rejection of woke capitalism in which he declared that his employees must keep their personal politics out of the workplace or leave, about five percent of the company’s workers have actually left the cryptocurrency firm.
Wired magazine recently outlined the internal turmoil at cryptocurrency exchange Coinbase following CEO Brian Armstrong’s declaration that political discussions were to be kept outside of the office, giving employees a week to agree or leave. His direct refutation of the tech industry’s woke capitalism left his employees in an uproar.
Former Twitter CEO Dick Costolo recently tweeted that “me-first capitalists” who disagree with injecting political activism into their workplaces will be “the first people lined up against the wall and shot in the revolution.” The company has not commented if the tweet by Costolo, who has an estimated net worth of $300 million, violates its policies against glorifying violence.
The price of Bitcoin (BTC) continues to slide, with the decentralized digital currency suffering its most dramatically bearish market movements since 2014.
Goldman Sachs-backed payments company Circle purchased cryptocurrency exchange Poloniex on Monday.
Top-tier venture capitalist Peter Thiel is ditching the intolerance of Silicon Valley and moving himself and his personal investment arm to Los Angeles for better business opportunities.
Capital One acknowledged in a tweet on Sunday that they are blocking customers from purchasing cryptocurrency with their credit cards.
Bitcoin owners and enthusiasts spent Tuesday night and Wednesday morning raging against Coinbase — one of the most popular apps for exchanging U.S dollars to blockchain-based digital currencies — after the trading platform unexpectedly began exchanging BTC’s controversial rival “Bitcoin Cash,” then quickly crashed as its new product became illiquid.
Silicon Valley’s Peter Thiel has finally cut ties with the Y Combinator investor fund, a year after being called a Silicon Valley traitor for his $1.25 million campaign contribution to Donald Trump’s presidential campaign.