Coinbase Global, Inc. operates as a secure hosted bitcoin wallet to purchase and use bitcoin. It provides merchant tools that enable companies to accept payments in bitcoin by incorporating a single button. The company was founded by Brian Armstrong in 2012 and is headquartered in San Francisco, CA.
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Cathie Wood’s Ark Invest fund also acquired $8.46m worth of additional Coinbase shares last week.
US congressional officials have criticized the SEC for its lack of clarity on crypto regulation.
Coinbase was threatened with a lawsuit by the SEC last month, for allegedly offering unregistered securities.
Coinbase monthly trading volume however has grown by 23% since February.
If certain assets listed by Coinbase are considered securities, it threatens to compromise its revenue stream.
The largest US-based crypto exchange topped earnings forecasts but they weren’t too high.
After the SEC’s action against Kraken last week, Coinbase looks ready to step up to the plate.
Just when people thought Coinbase couldn’t let go of any more employees – they do exactly that.
The battle between Coinbase and the NY state regulator has finally come to an end, and investors aren’t sure what to make of it.
Coinbase has been following the wider market downturn, but investors aren't jumping ship just yet.
The heated battle between the two stablecoin giants continues, and Coinbase has its foot firmly in one camp.
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