Coinbase Disables Trading for Multiple Cryptocurrencies Including Rally (RLY), Mirror (MIR)
Users will still be able to access their funds, and trading for these cryptocurrencies will no longer be supported on Coinbase.
Coinbase Is Seeking License to Keep Doing Business in Canada
Coinbase, which is based in the U.S., is discussing getting the appropriate license to keep doing business in Canada, according to the person, who requested anonymity.
Australia Advances in the Cryptosphere for a Global Lead
Coinbase has praised Australia's open and transparent approach to developing cryptocurrency regulations and committed to contributing to the growth of the crypto industry in the region. The company has registered with Austrac, partnered with local Web3 players, and become a board member of Blockchain Australia. According to a 2022 study, around 25% of Australians hold cryptocurrency. The country's lawmakers and regulators are focused on consumer protection and innovation, and their thoughtful approach could help the crypto industry thrive in the region. Coinbase is in constant touch with Australian government departments and the Treasury, discussing topics such as cybersecurity and privacy.
Coinbase Urges Creation of Stablecoins That Preserve Purchasing Power Amid Dispute with SEC
The US-based crypto exchange Coinbase is calling on developers to create a new and inflation-proof stablecoin for its own blockchain.
Cathie Wood’s Ark Continues Its Coinbase and Block Buying Spree
Cathie Wood's Ark Invest continued to purchase shares in crypto exchange Coinbase and payments firm Block on Monday. The firm purchased 32,378 shares in Coinbase for the Ark Innovation ETF, as well as 5,347 shares for its Next Generation Internet ETF, following its acquisition of more than 182,000 shares on Friday. Meanwhile, Ark's Fintech Innovation fund purchased 18,555 shares in Block, following a purchase of more than 288,000 shares across three of its funds on Friday. This indicates Wood's conviction in the two companies, which have faced negative headlines recently. Coinbase received a Wells notice from the SEC, while Block faces accusations from short seller Hindenburg Research.
Coinbase Calls for Efforts To Create Inflation-Proof Stablecoins
US crypto exchange Coinbase Global Inc. encouraged developers working on its new blockchain to focus on how to create stablecoins that track the rate of inflation to preserve purchasing power.
SEC’s Wells Notice Has Led to Morale Boost at Coinbase: Brian Armstrong
Coinbase CEO Brian Armstrong took to Twitter to share his thoughts on the Wells notice issued by the U.S. Securities and Exchange Commission (SEC) last week, stating that it had led to a noticeable boost in morale. He emphasized the importance of continuing to develop and contribute to the firm's product line. Additionally, Coinbase is encouraging developers and builders on Base, its Ethereum layer 2, to focus on flatcoins or non-fiat pegged stablecoins, among other critical areas. Flatcoins are stablecoins that track the rate of inflation, enabling users to have stability while limiting exposure to economic uncertainties. The American crypto giant cited the recent turmoil in the banking industry to highlight the need for such a stablecoin. The blog post also listed three other areas for builders on Base to focus on, with the Base Ecosystem Fund offering early-stage investment in projects.
ARK Invest Scoops Up Coinbase, Block Shares for Second Straight Day
Cathy Wood's ARK Invest bought $12.6 million of Coinbase (COIN) shares on Friday, the second straight day the fund bought the crypto exchange's stock after the company received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) on March 22, sending COIN tumbling 16% the next day. The shares gained 1.5% on Friday to close at $67.83 apiece.
Nasdaq Says Institutional Appetite in Crypto Is Steady As It Plots Push Into Custody, Trading
Nasdaq is betting its established reputation will help it secure a strong place in the world of crypto.
SEC Charges Justin Sun, Issues Coinbase Wells Notice; Nasdaq Eyes Crypto Custody | Cointime Weekly Mar.19 – Mar.25
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