BlockFi Shuts Down Web Platform, Teams Up with Coinbase for Fund Distribution
BlockFi is wrapping up its operations and announcing the closing of its online platform in May. Coinbase and BlockFi have teamed up to withdraw money.
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Latest firstMillions in Crypto Stuck in Large Bridge Contracts: Arkham Report
Key Takeaways The latest report by Arkham Intelligence has revealed that millions of dollars of worth of crypto belonging to heavyweights in the crypto space are stuck in DeFi bridge contracts A wallet that received 50 Ether (ETH) from Ethereum…
Pro-crypto lawyer John Deaton To Appear as Amicus Curiae for Coinbase customers
Key Takeaways Crypto advocate and lawyer John Deaton has extended support to Coinbase customers amidst the exchange’s legal tussle with the U.S. Securities and Exchange Commission (SEC). Deaton, known for championing cryptocurrencies, has filed a request to serve as amici…
Coinbase Request Appeal Over SEC’s Digital Asset Classification
Key Takeaways Cryptocurrency exchange Coinbase is escalating its legal battle with the U.S. Securities and Exchange Commission (SEC) by filing for an interlocutory appeal in federal court. The appeal aims to challenge a crucial aspect of the case concerning the…
Coinbase Granted Restricted Dealer License in Canada
In the midst of a domestic regulatory crackdown, Coinbase has doubled down on its global expansion by obtaining restricted dealer licenses in Canada.
U.S. Government Transfers $2B Bitcoin from Silk Road to Coinbase: Report
Key Takeaways In a major development, the U.S. government has reportedly executed a substantial transfer of Bitcoin to a wallet associated with Coinbase. This transaction, occurring on a Tuesday morning, involved the movement of approximately 30,175 Bitcoin, which, at the…
Coinbase To Offer $1 Billion Convertible Senior Notes to Repay Debt
Key Takeaways Coinbase Global Inc. unveiled its plan to issue $1 billion in convertible senior notes aimed at repaying existing debt and funding general corporate activities, according to a statement released on Tuesday. The notes, set to mature in 2030,…
Coinbase Asks Court to Reject Use of Default Judgment Ruling in SEC Lawsuit
Key Takeaways Coinbase’s legal battle with the U.S. Securities and Exchange Commission (SEC) has taken another turn as the cryptocurrency exchange challenges a previous judgment that classified secondary sales of crypto assets as “securities transactions.” Lawyers representing Coinbase have urged…
Coinbase Donates $3.6 Million to Brink to Support Bitcoin Developer Community
Key Takeaways Coinbase, the largest cryptocurrency exchange in the United States, has made a significant donation of $3.6 million to Brink, a non-profit organization aimed at supporting the Bitcoin developer community. Brink, founded in 2020, offers fellowship and grant programs…
Troubled Celsius’ Crypto Sell-Off: Over $40 Mln in ETH Shifted to Coinbase
Key Takeaways Celsius Network, the bankrupt crypto lender, is in the midst of a substantial sell-off, mainly involving Ethereum (ETH), as it works to repay creditors. The latest move reveals a transfer of over $40 million worth of ETH to…
