Coinbase CEO Confirms Integration of Bitcoin Lightning Network
The Lightning Network is a second-layer solution for the Bitcoin blockchain, which aims to significantly improve transaction speeds and reduce fees.
Coinbase Asks for $470,000 To Cover Fees, Costs From Insider Trading Case
Coinbase requested $470,000 to cover costs and fees stemming from investigations into former Coinbase employee Ishan Wahi and his brother and accomplice, Nikhil. Both are accused of insider trading and wire fraud.
Coinbase Canada Head, Algorand CFO Highlight March Crypto Hires, Exits and Moves
Crypto companies hired several high-level executives in March, more than the previous month, as the market rebounded. Big names, including Coinbase, Immutable and Anchorage Digital Bank, each added leadership roles to their teams.
Uniswap Topped Coinbase’s Trading Volume in March During USDC Depeg, U.S. Crackdown
Uniwap (UNI) topped Coinbase (COIN) in terms of market share last month as traders turned to decentralized exchanges (DEXs) amid the U.S. regulatory clampdown and a banking crisis that caused key stablecoins to depeg from $1.
Coinbase Backed Plaintiffs Renew Legal Fight to End Ban on Tornado Cash
Six plaintiffs backed by Coinbase are pursuing a renewed legal action against the United States Department of Treasury over the sanctions placed on Tornado Cash, which was added to the Specially Designated Nationals list. The plaintiffs are requesting the court to deliver a partial summary judgment in the case, hoping to get the Office of Foreign Asset Control to settle for two of the three counts listed in the original complaint against the Treasury Department. Coinbase has supported the six individuals in their legal battle against the Department of Treasury. The lawsuit was filed last year, and the plaintiffs maintained that the sanctions were not in accordance with the law.
Overseas Crypto Transfers Cost 96.7% Less Than Traditional System: Coinbase
According to research by Coinbase, Americans spend over $12 billion annually in remittance fees when sending money overseas to family and friends using the traditional financial system. However, overseas remittances using Bitcoin and Ethereum cost 96.7% less, the report states. Coinbase also noted that sending Bitcoin to another wallet costs an average of $1.50 per transaction, while an Ethereum transaction costs $0.75, with an average waiting time of about 10 minutes. The company called for American regulators to recognize the value of responsible crypto products and services to update an antiquated system.
Former Coinbase Employee Nears Settlement with SEC Over Insider Trading Allegations
The SEC has an agreement in principle with Ishan Wahi to resolve all of the SEC’s claims in this matter.
NFT DEX Helmed by Coinbase Alum Goes Live
A new NFT decentralized crypto exchange (DEX) co-founded by an industry angel investor whose resume includes stints at Coinbase and CoinMarketCap is hitting Ethereum’s mainnet today.
Coinbase to Offer Faster Transactions on Derivatives Exchange Through Partnership With Infrastructure Provider TNS
Coinbase is teaming up with U.S.-based infrastructure provider Transaction Network Services (TNS) to enable faster, more efficient transactions on its derivatives exchange, the companies said Tuesday.
'Shark Tank' Star Kevin O'Leary Says Litigating Your Crypto Regulator 'Really Stupid'
Venture capitalist and "Shark Tank" star Kevin O'Leary said that crypto exchanges shouldn't be taking legal action against regulators.
