Coinbase Clarifies Service Suspension Reports in India
A Coinbase spokesperson reaffirmed the company’s long-term commitment to India, stating their need to remain in the market. Coinbase has clarified in response to the previous reports that it would shortly cease all operations for Indian clients. Coinbase said in an email that it would stop providing all trading services to users in India after […]
Coinbase To Suspend Trading Services In India
Coinbase intends to withdraw its operations from India due to the country’s challenging regulatory environment. In the latest development, crypto exchange Coinbase plans to discontinue crypto trading services in India by the end of the month. The exchange notified its Indian clients via email of significant regulatory challenges in India. According to reports, Coinbase has […]
Coinbase’s Layer-2 Network Base Faces First Major Outage
The Ethereum layer-2 network of Coinbase’s Base has experienced its first significant outage since its public debut on August 9. On September 5, for approximately 45 minutes, no new blocks were generated on the Base chain. According to the Base status website, its developers identified the “stalled” block production for the first time at 21:36 […]
Crypto Mixer Tornado Cash Loses Lawsuit Over US Sanctions
The Judge denied the removal of US sanctions against Tornado Cash by comparing its smart contracts to vending machines. On Thursday, August 17, a federal magistrate denied a motion from crypto participants and giants such as Coinbase, who argued that the U.S. Treasury’s sanctions against the crypto mixing service provider Tornado Cash were excessive. Six […]
US SEC v. LBRY: Final Judgment Issued
The LBRY judgment has implications for Ripple and Coinbase, and raises concerns regarding securities classification and SEC defenses. The United States District Court for the District of New Hampshire has issued its definitive judgment in the case of Securities and Exchange Commission (SEC) v. LBRY, Inc. The Court has determined that LBRY, Inc. violated Section […]