Coinbase Will Increase the Transparency of New Asset Listings and Announce Them in the Roadmap in a Timely Manner When New Assets Are Listed
June 29 (Cointime) -Coinbase will provide more information through blog posts social media, increase transparency, and communicate when deciding to list assets. Updates will be announced in the roadmap. Assets such as the Solana network and Helium have been taken into consideration. Coinbase's goal is to list all assets possible that meet legal, compliance, and technical security standards, regardless of a project's market capitalization or popularity. The choice of which type of asset to support depends on the network it belongs to and the token standard it follows. Coinbase may have investments in some of these projects and has a conflict of interest policy to prevent persons with financial interests from participating in listing decisions.
SEC Chair Gary Gensler's Hard Stance on Cryptocurrency Causes Turmoil and Speculation
June 28 (Cointime) - The recent actions taken by the SEC against Coinbase and Binance have caused disruption in the crypto industry, leading to major players making changes. Due to limited demand, Crypto.com is winding down its institutional business in the US, while Robinhood testified about the SEC's lack of assistance in registering as a digital assets broker.
ARK Investment Management Amends Bitcoin ETF Application, Puts It Ahead in Race for Approval
June 28 (Cointime) - ARK Investment Management has updated its Bitcoin ETF application with the SEC, including a surveillance sharing agreement with the CME futures markets and a crypto exchange, likely Coinbase. This puts ARK ahead of its competitors in the race for the first Bitcoin ETF in the US.
BitGo CEO Reveals Plans for Multiple Acquisitions and Predicts Consolidation in Crypto Custody Space
June 27 (Cointime) - BitGo CEO Mike Belshe has revealed that the company has other pending acquisitions in the pipeline after abandoning the Prime Trust deal. He predicts consolidation in the crypto space over the next six months.
SEC Files 13 Charges Against Binance for Allowing US Customers To Trade, As Regulatory Pressure Mounts in Europe
June 27 (Cointime) - Binance and its founder, Changpeng Zhao, have been hit with 13 charges by the SEC for allowing US customers to trade on its platform in violation of compliance rules. Despite Binance's attorneys stating that the charges will not affect trading at its US subsidiary or funding from lenders, the situation looks bleak.
Coinbase Urges Urgency in Digital Asset Legislation to Avoid Losing Builders to Other Countries
June 26 (Cointime) - Coinbase, a major global crypto exchange, has maintained consistent policy talking points despite expanding its offerings, according to Kara Calvert, head of U.S. policy at Coinbase.
Brian Armstrong Envisions Coinbase Eventually Becoming a 'Super App'
June 26 (Cointime) -Coinbase CEO Brian Armstrong envisions the platform becoming a "super app" that offers a range of financial services beyond just cryptocurrency trading. The company has already expanded into areas such as debit cards and loans, and Armstrong sees potential for further growth in areas like investing, budgeting, and even gaming. Coinbase's ultimate goal is to become a one-stop-shop for all things finance-related, making it easier for users to manage their money in one place. However, some critics have raised concerns about the company's growing influence over the crypto industry and its potential impact on decentralization.
Ark Invest Embraces Crypto: Bets on Coinbase and Robinhood Over Tesla
June 24 (Cointime) - Ark Invest has decreased its investment in Tesla while increasing its investment in crypto stocks, particularly Coinbase and Robinhood.
Industry Experts Discuss Integration of AI and Crypto at Coinbase Summit
June 23 (Cointime) - At Coinbase's State of Crypto Summit, industry players discussed how artificial intelligence could integrate with crypto and blockchains. The panel explored similarities and differences between the industries and how investors, builders, and users can benefit from them. One of the key takeaways was the importance of digital ownership, which is a core value in the crypto space. Users who employ AI tools will want to control their own data and determine how it is used to train models in the future.
US Supreme Court Rules in Favor of Coinbase in Cryptocurrency-Related Lawsuits
June 23 (Cointime) - The United States Supreme Court has ruled in favor of cryptocurrency exchange Coinbase, putting a halt to court proceedings against the company in two California cases. The class-action lawsuits alleged that Coinbase failed to provide proper relief after users lost money and engaged in deceptive advertising. However, Coinbase argued that users had signed an agreement upon creating their accounts stating that disputes would be handled through arbitration instead of lawsuits. The court's decision grants Coinbase the same legal treatment typically given to all companies under the U.S. Federal Arbitration Act of 1925, and while it represents a win for Coinbase, it could also have a ripple effect throughout the crypto industry.
