Coinbase Sued for Refusing to Airdrop Songbird (SGB) and Flare (FLR) to XRP Holders
Coinbase, the largest US-based cryptocurrency exchange by 24-hour trading volume, has been hit with a civil lawsuit relating to the Songbird (SGB) and Flare (FLR) airdrops. The plaintiff charges the exchange for refusing to distribute the issued FLR and SGB airdrops to eligible XRP holders on its platform.
Bitcoin Stays Above $21,000; Silvergate, Coinbase Pare Earlier Gains
Silvergate and Coinbase popped at the open after the crypto-friendly bank reported earnings as traditional markets were mixed.
Just-In: Coinbase To Face Class Action Lawsuit Over Flare Airdrop Issue
Flare Airdrop is one of the much anticipated events in the recent history of the digital asset industry. However, the distribution of FLR tokens didn’t make it to the expectation of Ripple’s native token, XRP holders. In this disappointment, a class action lawsuit has been filed against Coinbase, crypto exchange.
Crypto Long-Term Adoption Depends On Regulation, Coinbase Exec Says
Crypto’s recent rally is a beacon of hope for the industry, but its lasting presence will depend on clear regulatory guardrails, according to Tom Duff Gordon, vice president of international policy at Coinbase (COIN).
Coinbase Considers Japan Withdrawal Amid Crypto Market Volatility
As a part of its reaction to the steep decrease in cryptocurrency trading that followed the collapse of FTX, Coinbase (NASDAQ: COIN) is mulling the possibility of withdrawing from the Japanese market.
Coinbase, Crypto-Related Stocks Buoyant As Traditional Markets Slide
Crypto-related stocks from Coinbase to Hut 8 are trading higher, bucking the trend for the S&P 500 and Nasdaq, which are sliding.
ARK Buys $2.5 Million in Coinbase Shares as COIN Continues Rally
Cathie Wood's crypto conviction continues as ARK made another Coinbase (COIN) buy Thursday.
Coinbase to Cut Jobs, Shut Down Most of its Cryptocurrency Operations in Japan
Coinbase Global Inc., the world’s second-largest cryptocurrency exchange by trade volume, is cutting jobs and closing down most of its operations in Japan, according to a Bloomberg report that cited the exchange’s vice president for international and business development, Nana Murugesan. “We’ve decided to wind down the majority of our operations in Japan, which led to eliminating most of the roles in our Japan entity,” Murugesan said in an interview with Bloomberg. He declined to comment on whether the Japan unit was up for sale. (forkast)
S&P Downgrades Coinbase Debt to ‘Speculative Grade’ Amid Fresh Layoffs
Confidence in Coinbase’s corporate debt has taken a significant hit following the latest round of layoffs at the firm.
Cathie Wood Bullish On Bitcoin, Investing Heavily In Coinbase And Tesla
Cathie Wood’s investment management firm Ark Invest purchased an additional 74,792 shares of crypto exchange Coinbase (COIN), the company said on Thursday. Ark Invest also added 99,523 shares of Tesla (TSLA).
