Coinbase Global

Cryptocurrency exchange Coinbase Global secured registration with the French markets regulator on Thursday, as it seeks to expand globally under its Go Deep, Go Broad strategy. France's AMF watchdog has given Coinbase virtual asset service provider (VASP) approval, a green light for the company to operate digital currency services. Registration will allow Coinbase to offer its full suite of retail, institutional and ecosystem products and services to users in the country. Elevate Your Tech Prowess with High-Value Skill…

Coinbase, the largest U.S. cryptocurrency platform, said it will ask a judge to dismiss the U.S. Securities and Exchange Commission lawsuit claiming it broke the law by failing to register its business.In a letter filed just before midnight on Wednesday in Manhattan federal court, Coinbase said the SEC has no authority to pursue civil claims because assets trading on its platform are not "investment contracts," and thus not securities. "The SEC can pursue its claims only if the tokens and staking services it has…

The venture-capital giant cites a clearer regulatory path for U.K. crypto startups because of “more political will” there. The venture-capital giant cites a clearer regulatory path for U.K. crypto startups because of “more political will” there. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

With the Securities and Exchange Commission preparing an enforcement action that threatens much of its business, crypto exchange Coinbase is trying a novel defense. It says regulators bear some responsibility for letting the company go public in the first place. Coinbase went public in April 2021 after clearing a six-month review. SEC staff bored into its financial reporting and disclosures as well as the company’s belief that its menu of cryptocurrencies shouldn’t be treated as securities, which the…

The market’s comeback in 2023 has been very bad news for one group: short sellers.Short sellers profit from stock declines by borrowing shares of companies that they believe are overvalued, selling them, and then buying them back at a lower price later. They made huge gains in 2022, when markets around the world tumbled. But their fortunes have reversed in January as the stock market has clawed back some of its losses.  A Goldman Sachs index tracking the 50 most shorted stocks in the Russell 3000 has returned…

Coinbase Global Inc. COIN 12.96% said that it would eliminate around 20% of its staff and enact broad cost cuts, the latest sign of pain in the cryptocurrency industry. Chief Executive Brian Armstrong said in a blog post Tuesday that crypto exchange Coinbase will reduce operating expenses by 25% from the previous quarter, including laying off about 950 people. At the end of September, the company had…

The banks of the future are having a rough present. Financial-tech companies, long hyped for their vision of bringing Silicon Valley-style innovation to the businesses of lending, investing and payments, underperformed both financial stocks and tech stocks more broadly in 2022. A vulnerability to higher interest rates, the disappearance of many pandemic-era catalysts and a more general reckoning for companies that followed growth-at-all-costs playbooks contributed to many fintech firms’…

Coinbase COIN -6.00% Global Inc. Chief Executive Brian Armstrong believes that regulation will help fuel the rise of a stablecoin backed by his exchange. USD Coin will become “the de facto central bank digital currency” of the U.S., he said in a Friday interview.  “If we can get regulatory clarity, I think it will sort of shepherd in or grandfather in some of these stablecoins that have been…

Over the course of a decade, the La Jolla, California-based company transformed itself from a bank catering to small businesses into a publicly traded firm. Silvergate Capital Corp. was dealing with the same problem many small US banks face: How do you differentiate yourself when larger competitors do everything you do, only better?The solution it found was to focus on a sector other banks didn't want to touch: cryptocurrency. Over the course of a decade, the La Jolla, California-based company transformed itself from a…

The Securities and Exchange Commission says companies may have disclosure obligations over how recent crypto bankruptcies may have affected their business. Photo: Eric Lee for The Wall Street Journal…