June 2024
Coinbase sues SEC and FDIC for clarity on crypto rules
Cryptocurrency exchange Coinbase takes legal action against U.S. regulators for transparency and fair regulation.
Friend.tech to leave Base for own blockchain
Friend.tech’s transition to a proprietary blockchain, Friendchain, prompts user concerns and market fluctuations.
May 2024
Tech giants team up against online dating scams
Major tech companies form a coalition to tackle the surge romance and crypto scams.
Coinbase outage hampers Bitcoin trading amid price swings
Crypto exchange Coinbase suffers a major outage, affecting traders during Bitcoin volatility.
April 2024
Coinbase to launch Worldcoin, Ordinals futures
Coinbase gears up to offer new altcoin futures next week to expand its perpetual offerings.
Coinbase accelerates Bitcoin trades with Lightning Network
Coinbase teams up with Lightspark to offer faster, cheaper Bitcoin transactions via the Lightning Network.
March 2024
Coinbase launches US$1 bln bond offering
Cryptocurrency exchange Coinbase Global, Inc. is set to raise US$1 billion through a bond sale.
January 2024
JPMorgan downgrades Coinbase to underweight
Analysts at JPMorgan slash Coinbase rating to underweight, questioning ETF impact.
October 2023
Coinbase taps Ireland as European hub ahead of MiCA regime
Coinbase said that the regulatory clarity MiCA provides to the industry is “hugely welcome.”
Coinbase Q3 trading volume drops 52% from last year
The current crypto bear market caused Coinbase’s trading volume to drop to levels not seen since 2020.
Coinbase is “doubling down” on Singapore following license, says country director
The largest U.S.-based cryptocurrency exchange will be launching more products and services in the Lion City, Coinbase’s Hassan Ahmed says.
Coinbase obtains Singapore’s Major Payment Institutions license
The Major Payment Institution license from Singapore’s central bank allows the exchange to expand its digital payment token services in the Lion City.
September 2023
India’s G20 Presidency, Blockchain Week & Singapore’s new President
As the 2023 G20 Summit is set to kickoff over the weekend, we take a closer look at India’s role in kicking off its crypto regulation agenda.
Coinbase and Wall Street: The merging worlds of TradFi and crypto
Top blockchain and crypto news: Coinbase steps up to fill void of crypto lenders. NFTs extend losses. What’s next for crypto as Singapore gets a new president?
August 2023
Friend.tech daily fees and buyers drop by over 90%
Friend.tech saw its daily revenue, fees and active buyers fall over 90% from its peak.
Weekly Market Wrap: Bitcoin’s summer volatility, Coinbase’s new stake and anticipations on the Fed moves cryptocurrencies
From landmark business decisions to looming central bank announcements, the crypto landscape this week teemed with events that may shape the course of the market.
N. Korean hackers may cash out stolen crypto; HKVAX gets SFC nod as UK crypto rules gets Royal Assent
Sam Bankman-Fried pleads not guilty to misusing customer funds. North Korean hackers could cash out US$40 million worth of stolen Bitcoins
Coinbase buys equity stake in Circle
Coinbase Global announced Monday that it is acquiring an equity stake in Circle Internet Financial, the issuer of the USDC stablecoin.
Weekly Market Wrap: Bitcoin falls below US$26,000 following Evergrande’s bankruptcy
Bitcoin fell over 10% this week and dipped to a two-month low following Evergrande’s bankruptcy filing.
Bitcoin dives to US$28,500; Coinbase buoyed by US futures approval; Fed minutes cast shadow over equities
Bitcoin, Ether and Top 10 crypto fell on Thursday morning in Asia. Coinbase receives futures approval.
Coinbase cleared to offer crypto futures trading in the US
Coinbase, the largest cryptocurrency exchange in the U.S., has obtained regulatory approval to offer crypto futures trading services to eligible clients
Weekly Market Wrap: Can Bitcoin close the week above US$29,300?
Bitcoin briefly rose above US$30,000 twice this week, but failed to remain the support level despite positive catalysts in the industry like the launch of PayPal’s new stablecoin. Bitcoin will have to close the week above US$29,300 for upward momentum, industry experts told Forkast.
Coinbase launches its own blockchain in first for a publicly listed company
Coinbase Global announced the public launch of its Ethereum layer-2 blockchain Base on Wednesday.
Coinbase launches bridge for layer-2 blockchain Base, sets mainet launch date
Coinbase launched a bridge for its Ethereum layer-2 blockchain “Base,” on Thursday and set Base’s mainet launch for Aug. 9.
Bitcoin, Ether steady; Coinbase bullish; traders await US jobs report
Bitcoin and Ether remained stable Friday morning in Asia as Litecoin led losers among other top 10 cryptos. Coinbase execs bullish after upbeat Q2 results.
June 2023
Blockchain Association joins Coinbase in pushing back against SEC over crypto crackdown
The Blockchain Association said the U.S. SEC chair Gary Gensler should remove himself from enforcing rules on the crypto sector.
UAE welcomes digital assets as Ripple wins in Singapore
As Ripple receives an in-principle approval for Singapore’s digital payment license, institutional investors continue to look toward Bitcoin ETFs.
Citadel, Fidelity, Schwab-backed crypto exchange launches amid U.S. crackdown
EDX Markets, a cryptocurrency exchange with backing from major Wall Street players such as Citadel Securities, Fidelity and Charles Schwab, officially launched on Tuesday.
SEC’s crypto battle continues as Asia marches ahead with metaverse
In this week’s Forkast IQ with Megha Chaddah, we dive into the U.S. SEC’s crypto crackdown and the state of the East Asian metaverses.
Bitcoin remains above US$25,000; NFT sales down; Asian, European markets gain with U.S. futures mixed
Bitcoin, Ether and most top 10 non-stablecoin cryptos rose in Friday afternoon trading in Asia after weeklong slump.
BlackRock files for spot Bitcoin ETF, taps Coinbase as custodian
The ETF, if approved, would be the first publicly traded crypto product of its kind in the U.S., but the SEC just sued crypto exchanges for alleged securities violations and has rejected similar ETF applications in the past.
SEC lawsuit sees Binance.US wobble, trading platforms delist cryptos
Top blockchain and crypto news: Binance.US at risk. Ex-SEC official’s comments complicate Ripple suit. Hong Kong lawmaker aims to entice exchanges.
Bitcoin, Ether extend losses; XRP drops most among top 10 cryptos
Bitcoin and Ether continued to slide amid lawsuits against top crypto exchanges in the U.S.
How American courts have become central to crypto law
To date, none of the 30-plus crypto bills in Congress have become law, so judges are stepping up to fill the void. What does this mean for crypto in America?
Bitcoin stays below US$26,000 in mixed market, Binance’s BNB biggest loser in 24 hours
BNB token of crypto exchange Binance dropped 5.5% in 24 hours amid lawsuits against the exchange by the U.S. SEC.
Hong Kong legislator encourages Coinbase to set up shop in city under new crypto rules
Local legislator suggests global cryptocurrency exchanges such as U.S.-based Coinbase set up operations in Hong Kong as the city’s new licensing regime for crypto retail trading took effect on June 1.
Weekly Market Wrap: SEC crackdown on Binance, Coinbase ‘can’t stop’ Bitcoin as it trades above US$26,000
Bitcoin recovered above the US$26,000 psychological level after a brief dip, as investors seemingly shrugged at the SEC’s crackdown on Binance and Coinbase. The quick crypto recovery could be a sign of a maturing asset class, industry experts told Forkast.
US SEC sues major exchanges; Circle gets Singapore license
Welcome to Forkast IQ, presented by Forkast’s Megha Chaddah, where we look beyond the headlines to get you insights that power smarter decisions.
Bitcoin rises, Ether slips, most top 10 cryptos begin to pick up after SEC crackdown
Bitcoin rose and Ether fell, while most top 10 cryptos inched up following the U.S. SEC’s lawsuits against Binance and Coinbase.
The grand experiment in crypto compliance: What will the future look like?
From US crackdowns on Binance and Coinbase to new business-friendlier frameworks in Hong Kong and Europe, seismic shifts in crypto regulations are under way.
Bitcoin, Ether rise amid ‘swoon-soar’ trading after SEC lawsuits against Binance, Coinbase
Bitcoin fails to break US$27,000 ceiling. Binance’s BNB gained 2%, even as latest SEC filing alleges customer funds were moved to private accounts, a charge Binance rejected.
Why the US is waging war on Binance, Coinbase
Top blockchain and crypto news: Binance, Coinbase in SEC firing line. Solana NFTs slump as Bitcoin’s surge. New dawn in Hong Kong crypto regulations.
Bitcoin falls below US$27,000; Ether, all top 10 cryptos slide amid SEC lawsuit fallout
The SEC lawsuits against Binance and Coinbase have sent alt coins tumbling. Binance’s BNB lost 15.7% over the past week.
U.S. court orders SEC to respond to Coinbase’s rulemaking petition
The U.S. Securities and Exchange Commission (SEC) has been ordered on Tuesday by the United States Court of Appeals for the Third Circuit to respond to cryptocurrency exchange Coinbase’s pending petition for rulemaking within seven days.
Bitcoin, Ether fall; most top 10 cryptos rise following SEC’s lawsuit against Coinbase
Most top 10 cryptos rebounded, despite the SEC suing Coinbase exchange a day after it sued Binance’s U.S. arm.
Bitcoin, Ether most other top crypto bounce back even as Coinbase joins Binance as SEC lawsuit target
Nearly all top 10 tokens rebounded as investors look beyond U.S. regulator’s lawsuits against two of the world’s most influential crypto exchanges.
SEC sues Coinbase for violating securities rules a day after Binance lawsuit
The U.S. SEC sued Coinbase, the largest cryptocurrency exchange in the U.S., for allegedly breaching securities rules, less than 24 hours after the regulator sued Binance on similar charges.
May 2023
SEC in no rush to respond to Coinbase calls for regulatory clarity
As part of the ongoing legal dispute between the two, the U.S. Securities and Exchange Commission said it would not be hurried into a response to Coinbase demands.
What JPMorgan’s First Republic takeover means for the crypto industry
Top blockchain and crypto news: JPMorgan swoops as another bank falls. NFT market rivalry heats up. Bitget seeks Hong Kong exchange license.
Coinbase opens Bermuda-based crypto derivatives exchange amid conflict with U.S. regulators
Coinbase, the publicly listed largest cryptocurrency exchange in the U.S., opened its offshore derivatives exchange in Bermuda on Tuesday.
April 2023
Coinbase sues SEC in bid for clarity on crypto rules
Top blockchain and crypto news: Coinbase in court to force SEC’s hand. PEPE surge lifts memecoin mood. China paves CBDC path with payroll.
Investment bank H.C. Wainwright says ‘crypto winter over,’ rates Coinbase a ‘buy’
New York-based investment bank H.C. Wainwright has initiated a “buy” rating on publicly traded Coinbase Global Inc., the largest cryptocurrency exchange in the U.S., saying the company is poised to benefit from growth in the global digital asset economy as the so-called “crypto winter” of falling prices is over.
Crypto sell off continues; Coinbase asks SEC for answers
Welcome to The Daily Forkast – April 25, 2023 – presented by Jeff Cheung. In an unexpected twist of events, Coinbase is suing the United States Securities and Exchanges Commission after receiving a Wells notice from them just last month. The crypto markets haven’t reacted to this news well, and after a rough start to […]
Coinbase ups the ante with SEC, asking court to require crypto clarity from regulator
Coinbase sued the U.S. SEC on Monday, asking that a court require the regulator to publicly respond to the Coinbase July 2022 petition asking for clearer crypto regulation guidelines.
Bitcoin falls to near US$28,000, Ether flat, U.S. equities slide on rate hike worries
Bitcoin fell to near US$28,000 on Friday morning in Asia, with Ether trading flat and most other top 10 non-stablecoin tokens losing steam.
Overseas crypto transfers cost 96.7% less than traditional system: Coinbase
Americans spend more than US$12 billion in remittance fees each year when sending money to family and friends living overseas using the traditional financial system. However, overseas remittances using Bitcoin and Ethereum cost 96.7% less, according to research by Coinbase.
March 2023
SEC warns Coinbase of potential legal action over staking, separately targets Tron founder Sun
The Securities and Exchange Commission has warned Coinbase, the largest cryptocurrency exchange in the U.S., it may face legal charges related to staking services and digital asset listings.
U.S. regulators shutter Signature Bank, lender to Paxos, Coinbase, citing systemic risk
U.S. regulators closed New York-based Signature Bank, one of the biggest lenders in the crypto industry, due to risks of a systemic failure.
Weekly NFT sales drop, unique buyers surge amid Coinbase’s new NFT airdrop
The number of unique buyers rose to an all-time high this week after crypto exchange Coinbase dropped free NFTs to celebrate the launch of its new Layer 2 network Base.
Circle joins Crypto.com, Coinbase in cutting ties with embattled crypto bank Silvergate
USDC issuer Circle said Friday that it is withdrawing from “certain services that involve” California-based cryptocurrency bank Silvergate.
Blur NFT wash trading soars, fueling market distortions
Top blockchain and crypto news: Blur wash trading explodes. Coinbase extends developer foray with Base test. Hong Kong crypto embrace gets Beijing’s nod.
February 2023
Bitcoin, Ether prices fall; Solana biggest loser in top 10 cryptos
Bitcoin and Ether fell in Tuesday afternoon trade in Asia, along with all other top 10 non-stablecoin cryptocurrencies by market capitalization, despite U.S. equities rising on Monday after last week’s selloff. Asian stock markets mostly rose on Tuesday as investors absorbed key economic indicators across the region.
Coinbase exchange to delist Binance USD, says stablecoin ‘no longer met our listing standards’
Coinbase, the world’s second largest cryptocurrency exchange, said Monday it is suspending trade in the Binance USD (BUSD) as of March 13.
SEC accused of ‘back door’ labeling of crypto as securities in Coinbase insider trading case
A U.S.-based blockchain advocacy group has urged a federal court to dismiss SEC charges against an ex-Coinbase employee accused of insider trading.
Coinbase reports growth in Q4 earnings despite decline in users
Coinbase reported an increase in its Q4 earnings on Tuesday, even as overall users declined throughout the period.
Go ahead and ban staking. Crypto investors will just go elsewhere
The SEC’s latest heavy-handed approach toward crypto will leave investors less protected while benefitting dodgy offshore companies, writes Danny Talwar of Koinly.
Coinbase CEO says he will “happily defend” crypto staking service against claim it’s a securities product
CEO Brian Armstrong said that the company will defend its staking services in court against claims that they need to be classified as securities.
Coinbase CEO Brian Armstrong says SEC has ‘terrible’ idea to ban crypto staking for U.S. retail customers
The U.S. Securities and Exchange Commission is considering a ban on cryptocurrency staking for retail customers in the country, said Brian Armstrong, the chief executive of Coinbase Global Inc.
January 2023
A crypto regulatory storm front is coming in 2023. Are we ready for it?
Laws to prevent another FTX blowup, crackdowns on crypto tax cheats, and a ruling on Ripple are likely imminent. A bull’s eye is also on DeFi, writes Gergo Varga of SEON.
Coinbase fined US$3.6 mln by Dutch central bank
The Dutch central bank (DNB) has fined U.S.-based cryptocurrency exchange Coinbase €3.3 million (US$3.6 million) for failing to obtain correct registrations
Coinbase asks Japan customers to withdraw holdings as it halts operations
Coinbase Global Inc., the world’s second largest cryptocurrency exchange by trade volume, has asked customers in Japan to withdraw crypto and fiat holdings by Feb. 16, as it halts operations “to conduct a complete review” of its business in the country.
Coinbase to cut jobs, shut down most of its cryptocurrency operations in Japan
Coinbase, the world’s second largest cryptocurrency exchange by trade volume, is cutting jobs and closing down most of its operations in Japan.