Category: Coinbase - Page 2

Cathie Wood's ARK Sells $12M Coinbase Shares as COIN Nears Yearly High

July 12, 2023CryptoLeave a Comment

ARK currently owns 11.03 million shares of Coinbase.

Coinbase Knew It May Have Been Violating the Law Prior to the SEC’s Lawsuit, Regulator Claims

July 7, 2023CryptoLeave a Comment

“Coinbase, a multi-billion-dollar entity advised by sophisticated legal counsel, argues it was unaware that its conduct risked violating the federal securities laws, and suggests that by approving Coinbase’s registration statement in 2021 the SEC confirmed the legality of Coinbase’s underlying business activities – at that time and for all time,” the SEC said in its […]

Coinbase Loses Market Share in Ether Staking as Regulatory Pressure Mounts

June 23, 2023CryptoLeave a Comment

The exchange’s share in ETH staking dropped to 9.7%, the lowest since May 2021, as the SEC sued Coinbase for offering unregistered securities this month.

BlackRock’s Bitcoin ETF Would Be a Big Deal

June 16, 2023CryptoLeave a Comment

First, exchanges should be a bit fearful. If new investors want price exposure to bitcoin and don’t care about the aspect of it that makes it cool (like using it), then those investors will look to pay as little as possible for that bitcoin. Why would an investor pay a 1% fee at an exchange […]

SEC Says It May Make a Recommendation on Crypto Exchange Coinbase Petition Within 4 Months

June 13, 2023CryptoLeave a Comment

“Regardless of whether the Commission determines to undertake the rulemaking sought by Coinbase, a decision the Commission has yet to make, Coinbase – like everyone else – is bound by existing law,” the SEC filing said. “And Coinbase is free to vigorously assert its position that it has not violated that law in the current […]

SEC Lawsuits Spur $4B Deposit Flight From Crypto Exchanges Binance, Binance.US, Coinbase

June 9, 2023CryptoLeave a Comment

The U.S.-based exchange said on Friday that users should withdraw USD as soon as possible following the SEC’s “extremely aggressive and intimidating tactics” against the company. The platform has suspended U.S. dollar deposits and will delist USD trading pairs shortly, while it temporarily transitions to a crypto-only exchange.

Kraken’s Top Lawyer Says Signs of Progress in U.S. Congress Put SEC in Legal Bind

May 12, 2023CryptoLeave a Comment

While the U.S. Securities and Exchange Commission (SEC) continues to rain enforcement fire onto the crypto industry, Kraken’s chief legal officer, Marco Santori, says a specific legal doctrine could undermine the regulator’s authority.

Coinbase Grew Quickly by Working With U.S. Regulators. Will It Expand Even More by Disregarding the SEC?

May 2, 2023CryptoLeave a Comment

But the new vertical is also a sign of the exchange’s increasingly global perspective. Although Coinbase has operated across Europe and parts of Asia, Africa and Latin America for years, it has recently become more vocal about building internationally. In an April blog post, the exchange said it has begun talking with financial regulators in […]

ARK Invest Scoops Up Coinbase, Block Shares for Second Straight Day

March 26, 2023CryptoLeave a Comment

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 […]

ARK Buys the Wells Dip With $17.7 Million COIN Purchase

March 23, 2023CryptoLeave a Comment

On Tuesday, Cathie Wood’s fund sold 160,887 shares of COIN for $13.5 million when the stock was at approximately $83 a share. Just over 48 hours later, ARK bought the dip and purchased 268,928 shares of COIN as the stock fell and closed Thursday in the U.S at $66.30.