Former Coinbase Employee Ready to Settle Insider Trading Case With SEC
The Securities and Exchange Commission appears poised to settle a landmark insider trading case focused on a former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi.
Binance Suffers 16% Drop in Market Share Amid Banking Crisis and CFTC Lawsuit: Kaiko
Bittrex has closed its U.S. operations, while Coinbase, known for its strong regulatory efforts, received a Wells Notice and saw its market share drop from 60% to 49% in Q1.
Scammers Impersonating Coinbase Claim Exchange Supports XRP Staking
Cryptocurrency exchange scams are nothing new, but scammers are constantly finding new ways to trick users out of their funds. The latest scam involves scammers impersonating Coinbase and falsely claiming that the exchange now supports XRP staking.
Hong Kong Aims to Become New Crypto Hub as US Regulatory Crackdown Continues
Hong Kong is hoping to become a new hub for the crypto industry as US crypto companies face increasing regulatory crackdowns.
Uniswap Volume Beats Coinbase and Registers Its Best Month Since 2022
For the second month in a row, decentralized exchange Uniswap has beaten Coinbase in spot market volume, according to data from The Block Research. Uniswap's spot market volume reached $71.6 billion in March, 45% higher than Coinbase's volume, despite an improvement in Coinbase's volume month-on-month. Coinbase noted that investors were focusing more on tokens with large market caps and stablecoins, and that Bitcoin dominance had increased due to regulatory uncertainty around ether and other altcoins. Meanwhile, Uniswap's increase in volume came amid regulatory threats against centralized crypto businesses in the US.
Unknown Wallets Move 6.08T Shiba Inu To Coinbase
Unknown Wallets Moved over 6.08 Trillion Shiba Inu (SHIB) to Coinbase.
Crypto Evening Briefing: HK SFC Chief Calls for Regulation of Crypto Platforms to Protect Investors in Web 3.0 Ecosystem
Julia Leung has stated that cryptocurrency platforms must be regulated from the perspective of investor protection, as they are part of the Web 3.0 ecosystem.
Stopping ChatGPT Development Is a ‘Bad Idea’: Coinbase CEO
The CEO of Coinbase, Brian Armstrong, has opposed calls for a temporary moratorium on the development of artificial intelligence (AI) more powerful than GPT-4, the latest iteration of AI chatbot ChatGPT. Armstrong dismissed the open letter calling for the pause that had been signed by over 1,700 people, including Elon Musk, Steve Wozniak, and Andrew Yang. The letter expressed concerns over the risks to society and humanity posed by AI systems with human-like intelligence. Armstrong, however, argued that dangers existed with many technologies and that the benefits far outweighed any negative aspects. He urged people not to let fear stop progress and warned against efforts to create central authorities. ChatGPT is a GPT model designed to produce human-like language, which is widely used in natural language processing applications such as chatbots, language translation, and content creation. Critics fear that deceptive performance claims may be made using ChatGPT, leading to accusations of violating Federal Trade Commission Act regulations. The use of AI systems has been raising concerns over ethical issues, the role of machines in human communication and decision-making, their potential impact on employment and social inequality, as well as fears over potential risks to society and humanity.
Coinbase Announces Expansion Plans in Canada and Appointment of Country Director
To spearhead their efforts in Canada, they have appointed Lucas Matheson as the Country Director, based in Ottawa.
Coinbase Disables Trading for Multiple Cryptocurrencies
Coinbase has disabled trading for several cryptocurrencies, including Rally (RLY), http://DFI.Money (YFII), Mirror (MIR), OMG Network (OMG), Loom Network (LOOM), and Augur (REP).
