The Supreme Court refused emergency applications from Coinbase, a major online cryptocurrency exchange, to stay two class-action lawsuits pending against the company. Coinbase had asked the court to put two lawsuits filed by former users on hold, arguing that not to do so would cause the company irreparable harm. The U.S. Court of Appeals for…
Supreme Court Refuses to Put on Hold Lawsuits Against Crypto Giant Coinbase
Coinbase Issued ‘False,’ ‘Misleading’ Statements Ahead of Public Listing: Shareholder Lawsuit
Cryptocurrency exchange Coinbase Global Inc. has been accused of misleading investors regarding its public listing, as per a new shareholder derivative lawsuit. What Happened Coinbase and nine of its executives allegedly breached fiduciary duties, violated the securities act, and issued false and misleading statements concerning its direct listing, according to a shareholder complaint filed on Aug 4. The executives’…
Musk’s SpaceX Faces Environment Hurdles; Coinbase Lays Off 1,100 Amid ‘Crypto Winter’ | NTD Business
Elon Musk faces feds. Regulators announce 75 actions his company SpaceX has to take before it can send a rocket to Mars. U.S. crypto exchange platform Coinbase is slaying off nearly one in five workers, warning of a possible crypto winter. Is China’s zero-COVID policy really for the well-being of the people? A new report suggests…
Crypto Firms Cutting Jobs as Market Declines Below $1 Trillion
June 14, 2022
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Multiple crypto firms have announced plans to cut jobs as the digital currency market continues to decline, with its total value falling below $1 trillion on June 13. BlockFi announced a reduction in its headcount by around 20 percent. CEO Zack Prince said in a June 13 tweet, “This is not a decision we take…
Coinbase Pays out $250,000 Bounty to Ethical Hacker Who Prevented Nuking of Entire Crypto Market by Reporting Critical Flaw
February 24, 2022
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An ethical hacker, who potentially saved the entire cryptocurrency market from disaster by discovering a flaw in Coinbase Global Inc. platform, has been paid a reward by the latter. What Happened The hacker, who goes by the handle “Tree of Alpha” on Twitter, said they were paid $250,000 by Coinbase as its largest-ever bounty. A flaw…
Coinbase Buys Crypto Futures Exchanges, Plans to Sell Derivatives in US
LONDON—Major cryptocurrency exchange Coinbase said it is buying a crypto futures exchange, FairX, as part of a move to offer crypto derivatives to traders in the United States. FairX, which was launched last year, is the operating name of LMX Labs. It sells futures products and is regulated by the U.S. Commodity Futures Trading Commission…
Coinbase Allows Users to Borrow up to $1 Million, Using Bitcoin as Collateral
Cryptocurrency exchange Coinbase is now allowing customers to borrow up to 40 percent of their bitcoin value using bitcoin as collateral, the company announced Tuesday. Coinbase users can borrow as much as 40 percent of the value of the Bitcoin in their account, up to $1,000,000, and can use either their bank account or PayPal to access the cash with…
You Ask, We Analyze: Why Coinbase Stock Looks Set For Continuation
On Sunday evening, Benzinga asked its Benzinga Pro community which tickers they’d like analyzed. From the replies, Benzinga selected three tickers for technical analysis. Pro user Mason1010 wanted to see a technical analysis on Coinbase Global, Inc and commented that it was setting up nicely. Mason1010 also noted options move nicely on the stock, “if you…
Coinbase ‘More Aligned,’ Has More Employees After Cutting Woke Activism out of Business: CEO
Coinbase is now “much more aligned” and has even increased the number of its employees a year after the company announced it would focus on creating an open financial system for the world and disengage from social activism and political issues, prompting some workers to walk out. In series of Twitter posts published on Oct….
SEC Threatens to Sue Coinbase Over Crypto Lending Programme
HONG KONG—The U.S. Securities and Exchange Commission (SEC) has threatened to sue Coinbase Global Inc if the crypto exchange goes ahead with plans to launch a programme allowing users to earn interest by lending crypto assets, Coinbase said on Wednesday. The SEC has issued Coinbase with a Wells notice, an official way it tells a…
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