Ark Invest Adds $8.4M in Coinbase Shares, Remains Bullish
Ark Invest, the U.S. investment management firm led by Cathie Wood, has acquired more Coinbase shares, adding 129,604 shares worth over $6.4 million to its Ark Innovation ETF. The firm also added 23,456 shares to its Ark Next Generation Internet ETF and 15,809 shares to its Fintech Innovation ETF -- worth over $1.1 million and $790,000, respectively.
Coinbase Includes Cardano in Job Description for Staff Blockchain Engineer
Coinbase has listed Cardano (ADA) as one of the "heterogeneous cryptocurrency networks" in a job opening for a Staff Blockchain Engineer, causing excitement among investors. The job listing says that Coinbase Wallet-as-a-Service (WaaS) will enable developers to interact with networks like Bitcoin, Ethereum, and Cardano in a secure way. Cardano's blockchain is known for its scalability, security, and sustainability, and its unique Proof-of-Stake consensus mechanism has made it popular among investors and developers.
Coinbase Faces Proposed Class-Action Lawsuit Over Alleged Violation of Biometric Privacy Laws in Illinois
A proposed class-action lawsuit alleges that Coinbase violated biometric privacy laws in Illinois through its collection and storage of customer fingerprints and facial templates. The lawsuit argues that Coinbase's Know Your Customer (KYC) checks violated certain provisions of Illinois’ Biometric Information Privacy Act (BIPA), which required permission from users when collecting their biometrics and guidelines for retaining and destroying such data.
Breaking: Coinbase Insiders Including CEO Used Inside Information to Avoid $1 Billion in Losses
A Coinbase investor has filed a lawsuit in Delaware Chancery Court, accusing insiders, including CEO Brian Armstrong, of using insider information to avoid $1 billion in losses during the stock's public listing in 2019. The investor seeks the return of "ill-gotten gains" from Armstrong and other Coinbase executives.
Coinbase Executive Discovers “Jailbreak” for AI Tool ChatGPT To Predict Crypto Price Scenarios
Coinbase executive Conor Grogan claims to have found a "jailbreak" for the artificial intelligence tool ChatGPT, allowing it to calculate the probability of bizarre crypto price scenarios. Grogan shared a screenshot of the results on Twitter, revealing that ChatGPT assigned a 15% chance that Bitcoin would "fade to irrelevancy" with prices falling over 99.99% by 2035.
Coinbase Decision to Delist XRP Weakens its Wells Notice Argument, Says Top Lawyer
Bill Morgan, an Australian-based pro-XRP lawyer, has joined other crypto community members to react to news of Coinbase’s response to last month’s Wells Notice from the United States Securities and Exchange Commission.
Ex Coinbase CTO Balaji Clarifies 10% Chance of Sovereign Default Is ‘Very High’
Former Coinbase CTO Balaji Srinivasan believes there is a “very high” chance that sovereign defaults will happen within months, which will cause Bitcoin’s price to skyrocket.
“Opportunism and Demagoguery” Fuels the U.S. Regulatory Crackdown, Steptoe Partner Says
“Political opportunism and demagoguery” are the largest drivers of the regulatory crackdown and federal banking restrictions on US-based cryptocurrency companies,” Jason Weinstein, a partner at Steptoe, said during a panel at Consensus 2023.
Our Turn! Coinbase Responds Wells Notice and Sues SEC
Coinbase publicly responded to the SEC’s Wells notice and now is trying to force the regulatory agency to respond to a petition for rulemaking that the company filed last summer aiming to get proper regulation rules for digital assets.
Coinbase Says SEC’s Legal Threats Punish Transparency, Undermine Public Listing Process
The Nasdaq-listed crypto exchange said the Securities and Exchange Commission seems to be undermining its own role as the monitor of companies registering to sell shares to the public.
