Amidst ongoing broader efforts to align the cryptocurrency space with the White House policies, Ripple Chief Executive Officer (CEO) Brad Garlinghouse has publicly criticized the United States Securities and Exchange Commission (SEC) chairman Gary Gensler, underscoring the tensions between the digital asset industry and government regulators. Garlinghouse’s critique centers on what he sees as SEC […]
The crypto community has raised the alarm about an ongoing phishing scam targeting investors after scammers posing as crypto exchange Coinbase successfully drained nearly $2 million over the weekend. The scam is reportedly related to the CoinTracker security breach from 2022. Related Reading: Bitcoin Takes A Beating: Mt. Gox Distribution Spooks Investors $1.7 Million Drained […]
In the ongoing legal battle between crypto exchange Coinbase and the US Securities and Exchange Commission (SEC), Coinbase’s Chief Legal Officer, Paul Grewal, has taken to social media platform X to voice his concerns over the SEC’s attempt to prevent discovery of communications from SEC Chair Gary Gensler. The legal tussle centers around a subpoena […]
The German government’s latest Bitcoin transfers could impact the market significantly, as it moves 3,000 BTC to various crypto exchanges and an unknown wallet.
A federal judge overseeing the U.S. Securities and Exchange Commission's case against Binance ruled that most of the case can proceed, but dismissed charges tied to the sale of BUSD and secondary sales of BNB.
Twilio, the developer of the Authy authenticator app, said user phone numbers were leaked to attackers, but accounts themselves were not compromised.
Binance.US, the American arm of the world’s largest crypto exchange by trading volume, Binance, is ready for the next phase of its ongoing legal dispute with the Securities and Exchange Commission (SEC), according to a July 1 statement. The firm stated: “On Friday, the Court decided that the SEC’s case against Binance.US will continue. We […]
The post Binance US is confident that the ‘SEC’s case is unsupported by the facts or the law’ appeared first on CryptoSlate.
The proposed fund would be called the 21Shares Core Solana ETF and would not participate in staking SOL.
In a recent development, Coinbase, the largest cryptocurrency exchange in the United States, has initiated a legal offensive against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The lawsuits, filed in a Washington, D.C., district court, aim to secure access to internal records that would shed light on what Coinbase […]
Despite Coinbase's decision, users can migrate their AI tokens using self-custodial wallets to join the $7.5 billion merger.
Bybit became the world’s second-largest crypto exchange, while the leading exchange, Binance, has lost some market share due to previous regulatory issues.
Although Coinbase continues to be the most impersonated brand in the crypto industry, Meta was targeted by over 25 times as many scammers as the exchange.
Users will be able to trade futures of soon-to-be-listed tokens and coins on the exchange.
This week’s Crypto Biz explores the corporate battle between Riot Platforms and Bitfarms, Tether’s $1 billion budget for startups, Ripple Labs’ new custodian deal, and more.
In a noteworthy move for the cryptocurrency sector, crypto supporter and the Chief Executive Officer (CEO) of San Francisco-based exchange Coinbase Brian Armstrong, has met with United States Senators to advocate for a more consistent and more lucid regulation of digital assets. This engagement from Armstrong demonstrates that industry leaders are taking the initiative to […]
The Bitcoin price has observed a surge back above the $71,000 level during the past day as buyers appear to have returned on Coinbase. Bitcoin Coinbase Premium Has Witnessed A Large Positive Spike As explained by CryptoQuant author Axel Adler Jr in a post on X, the BTC Coinbase Premium Index has registered a high […]
Coinbase customers can look forward to a cheaper, easier experience when they buy, sell or trade crypto.
Coinbase-backed Ethereum layer-2 network, Base, is experiencing rapid growth, reflecting the significant adoption and attention it enjoys from the crypto community. Base’s growth comes amid the exchange launch of its Smart Wallet, a self-custodial solution aimed at bringing more than 1 billion users on-chain. Increased network activity Base recorded the highest daily transactions among Ethereum […]
The post Base outpaces Optimism and Arbitrum amid Coinbase’s Smart Wallet debut appeared first on CryptoSlate.
In a recent filing, US-based cryptocurrency exchange Coinbase has made sharp accusations against the US Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, claiming their actions aim to stifle the cryptocurrency sector. The filing comes amid an ongoing legal battle between Coinbase and the SEC, which alleges that the exchange engaged in unregistered […]
Coinbase is lagging behind HTX and Bitrue exchange, with around $2 billion in spot trading volumes.
America’s largest cryptocurrency exchange, Coinbase will list another round of cryptocurrencies for its perpetual futures contract, opting for meme coins this time around and featuring prominent tokens like Shiba Inu (SHIB), Bonk (BONK) and Floki (FLOKI). Coinbase Perpetuals To List New Meme Coins On May 24, Coinbase International Exchange announced that it will start offering […]
The long-drawn legal battle between Coinbase and the US Securities and Exchange Commission (SEC) continues to provide more twists and turns in what may be a pivotal case in crypto regulatory history. In a recent development, the American crypto exchange has now filed a response to the commission’s petition against an initial motion for an […]
According to Dan Romero, as Venmo introduces higher fees, stablecoins could emerge as a potential lifeline for 1099 workers.
Justice Neil Gorsuch emphasized that arbitration is a matter of contract and parties can agree to have an arbitrator resolve threshold arbitrability questions.
In a recent ruling that could have implications for the crypto industry, the US Supreme Court unanimously sided against US-based cryptocurrency exchange Coinbase, over a 2021 Dogecoin (DOGE) sweepstakes dispute. The court’s decision, delivered by Justice Ketanji Brown Jackson, dismissed Coinbase’s argument that a ruling against it would invite legal turmoil, emphasizing the importance of contractual agreements and the role of courts in resolving disputes. Coinbase Arguments Dismissed The key issue was whether the dispute should be submitted to arbitration or litigated in court. According to Bloomberg Law, the court emphasized that arbitration requires the consent of the parties and that in cases involving conflicting contracts, the court must determine the parties’ intent. Coinbase had contended that a ruling against it would “create chaos” by encouraging parties to challenge arbitration agreements. However, the court rejected this concern, stating that it did not foresee such chaos arising from its decision. Related Reading: Is $77,600 The Next Step For Bitcoin? On-Chain Pricing Model Hints So The case revolved around a sweepstakes in which consumers alleged they were deceived into paying $100 to participate. The conflict emerged due to the presence of two contracts that pointed to different dispute resolution mechanisms. David Suski and others who participated sued the exchange and the company that ran the Dogecoin sweepstakes. They alleged violations of California’s false advertising law, unfair competition law, and the Consumer Legal Remedies Act. While a general user agreement mandated arbitration for all disputes, a sweepstakes-specific contract stipulated that disputes must be brought before a California court. Varying Outcomes In Future Cases? Justice Jackson highlighted the need for a court to determine which contract should govern the resolution of the dispute in such situations. However, the court refrained from addressing whether the Ninth Circuit Court of Appeals correctly determined that the sweepstakes-specific contract “superseded” the general user agreement, deeming it beyond the scope of the question presented. Justice Neil Gorsuch provided a concurring opinion, emphasizing the contractual nature of arbitration and suggesting that different facts could yield a different outcome. He noted that the enforceability of arbitration depended on the parties’ agreement. Related Reading: Déjà Vu? Bitcoin Price Eyes Repeat Performance, Could Hit $140,000 By August – Analyst Coinbase’s Chief Legal Officer, Paul Grewal, reflected on the ruling, acknowledging both victories and defeats. Grewal expressed gratitude for the opportunity to present their case to the court and appreciated their consideration of the matter. Double-Digit Drop For COIN, DOGE Follows Suit Following the verdict, Coinbase stock, which trades under the ticker COIN, took a significant hit, plunging over 11% to a valuation of $220. This decline came as a surprise given the initial expectations of a potential victory. Prior to the ruling, Coinbase’s stock had reached a high of $240 on Wednesday. At the same time, the dog-themed meme cryptocurrency DOGE has also experienced a retracement of more than 4% over the past 24 hours, resulting in a current trading price of $0.158. Featured image from Shutterstock, chart from TradingView.com
Paul Grewal, Coinbase’s chief legal officer, announced that New York users of the exchange can once again trade XRP.
The U.S. Supreme Court ruled against Coinbase Inc. (COIN) in its dispute over which legal agreement should hold sway when parties are under two distinct contracts and the first of them calls for arbitration, finding the company's case was "unpersuasive" and that the courts need to work those questions out when they arise.
Coinbase Research has issued a detailed report, written by David Han, emphasizing that the likelihood and timing of a US spot Ethereum (ETH) exchange-traded fund (ETF) approval are significantly underestimated by the market. The potential approval of such an ETF is poised to bring profound changes to Ethereum’s market dynamics. The Case For A Spot […]
The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said.