Coinbase Stock Drops After SEC Sues Crypto Exchange
Shares of Coinbase are down 20% after the Securities and Exchange Commission sued the crypto company for allegedly violating securities law. At the time of writing, shares had dropped to an intraday low of $46.43. However, they have recovered slightly and are currently trading at $50.14. As a result, the corporation’s market capitalization now stands […]
US SEC Files Lawsuit Against Coinbase Crypto Exchange
The Securities and Exchange Commission (SEC) of the United States has filed a lawsuit against the New York-based cryptocurrency exchange Coinbase for offering unregistered securities. Coinbase, according to the SEC lawsuit, has never registered as a broker, national securities exchange, or clearing agency, thereby circumventing the disclosure scheme for securities markets. The SEC alleged that […]
Coinbase Partners With Bitpanda To Expand Crypto Services In Europe
Coinbase and Bitpanda have announced a strategic partnership to offer crypto solutions to European banks and fintechs. Coinbase, the largest U.S. crypto exchange, has teamed up with Bitpanda, a notable Austrian crypto platform, to provide crypto services to European financial institutions. The partnership disclosed on Tuesday will enable banks and fintech in Europe to access […]
Coinbase to Stop Issuing New Loans Via Coinbase Borrow
The Coinbase Borrow service will no longer offer new loans from the US-based cryptocurrency exchange. Users in a few US jurisdictions can borrow up to $1 million in fiat money with Coinbase Borrow without having their credit checked. With an annual interest rate of 8.7%, users could pledge up to 40% of the bitcoin in […]
MetaLawMan: Why Coinbase may win a Lawsuit against SEC
A crypto-friendly legal analyst reveals how SEC Chairman Gary Gensler’s congressional appearance could weaken the commission’s case against Coinbase. According to a legal analyst on Twitter with the pseudonym @MetaLawMan, If the Securities and Exchange Commission (SEC) decides to sue Coinbase in the U. S., it may lose. In his statement to Congress on May […]