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Coinbase Global Inc

Coinbase, Gemini plan user risk assessments in UK ahead of new rules

CEO of cryptocurrency platform Coinbase Brian Armstrong attends a reception at Buckingham Palace, in central London, on November 27, 2023 to mark the conclusion of the Global Investment Summit (GIS). (Photo by Daniel LEAL / POOL / AFP) (Photo by DANIEL LEAL/POOL/AFP via Getty Images)Daniel Leal | Afp | Getty ImagesCoinbase, Crypto.com, Gemini and other cryptocurrency exchanges are warning users in the U.K. that they'll need to start filling out risk assessments and investment questionnaires aimed at testing their…

Coinbase to expand crypto derivatives in EU with license acquisition

LONDON, ENGLAND - NOVEMBER 09: In this photo illustration, a flipped version of the Coinbase logo is reflected in a mobile phone screen on November 09, 2021 in London, England. The cryptocurrency exchange platform is to release its quarterly earnings today. (Photo illustration by Leon Neal/Getty Images)Leon Neal | Getty Images News | Getty ImagesCoinbase plans to offer crypto-linked derivatives in the European Union, and it's planning to acquire a company with a license to do so.The U.S. cryptocurrency exchange told CNBC…

EU laws approved but US is top cop

A flag outside the U.S. Securities and Exchange Commission headquarters in Washington, Feb. 23, 2022.Al Drago | Bloomberg | Getty ImagesRegulators around the world from Europe to Asia ramped up efforts to bring about formal laws for digital currencies in 2023 — but it was the U.S. that took some of the harshest legal actions against major players in the industry.In a year that saw crypto heavyweight Binance ordered to pay more than $4 billion to U.S. authorities and its former CEO's guilty plea, along with high-profile…

Coinbase secures crypto license in France, expanding further in Europe

POLAND - 2023/08/01: In this photo illustration, a Coinbase logo displayed on a smartphone with stock server lights in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesCryptocurrency exchange Coinbase secured registration with the French markets regulator, a company spokesperson confirmed Thursday, paving the way for the firm to expand its services in another key European market.France's AMF watchdog gave Coinbase a virtual asset service…

MicroStrategy’s bitcoin bet produces 300% gain for investors in 2023

MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida.Joe Raedle | Getty ImagesMicroStrategy was founded almost 35 years ago and existed for most of its history as a little-known software company focused on business intelligence.But in 2023, the stock has soared 337%, making it one of the biggest gainers in the U.S. among companies valued at $5 billion or more, topping Nvidia's 234% rally and…

How the two biggest crypto billionaire CEOs proved the critics right

Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance.Getty Images | ReutersAfter a brutal 18 months of bankruptcies, company failures and criminal trials, the crypto market is starting to claw back some of its former standing.Bitcoin is up more than 150% this year. Meanwhile, Solana is nearly 10x higher in the last 12 months, and bitcoin miner Marathon Digital has also skyrocketed. Crypto-pegged stocks like Coinbase, MicroStrategy and the …

Bitcoin 2023 rally pumped up Marathon, Coinbase, MicroStrategy, GBTC

Monitors display Coinbase signage during the company's initial public offering at the Nasdaq MarketSite in New York on April 14, 2021.Michael Nagle | Bloomberg | Getty ImagesFor crypto bulls, the most lucrative bets in 2023 were in the stock market.While bitcoin rallied over 150% for the year, shares of Coinbase, MicroStrategy and the Grayscale Bitcoin Trust, which are all tied closely to the digital currency, did substantially better, rising more than 300% in value. Bitcoin miner Marathon Digital soared 688%.Not only…

Affirm’s stock quintupled this year, beating all tech peers

Drew Angerer / Getty Images A year ago, there was little holiday cheer at Affirm. The point-of-sale lender was confronting rising interest rates, recession fears and weakening consumer spending. Affirm shares ended 2022 down 90%, wiping out billions of dollars in market value.Affirm investors are wrapping up 2023 in a much different mood.The stock skyrocketed 430% in 2023, as of Wednesday's close, outperforming all other U.S. tech companies valued at $5 billion or more. The next-best performer was Coinbase, which shot up…

Crypto needs a killer app more than a chastened Binance

Here's a question few of us will ever have to answer. Would you rather have $23 billion living in the United Arab Emirates with no US extradition treaty, or sacrifice a chunk of your wealth and perhaps spend 18 months behind bars to resolve all your issues with the US Department of Justice and Securities and Exchange Commission?Binance Holdings Ltd. CEO Changpeng Zhao appears to have chosen the latter. We don't know all the details of the deal — most importantly the length of time, if any, Zhao must spend in prison — but…

sec: Former Coinbase manager Ishan Wahi, brother to settle SEC insider trading charges

A former product manager for Coinbase Global Inc and his brother agreed to settle US Securities and Exchange Commission (SEC) charges related to insider trading of crypto asset securities, the regulator said on Tuesday.Former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges that they engaged in a scheme to trade ahead of multiple announcements regarding at least nine crypto asset securities that would be made available on Coinbase's platform, the SEC said in a statement. Lawyers…