Coinbase

By Chris Prentice, Michelle Price and Mike ScarcellaWASHINGTON (Reuters) -The U.S. Securities and Exchange Commission on Friday denied a petition by Coinbase Global seeking new rules from the agency for the digital asset sector, which the country’s largest crypto exchange then sought to challenge in court. The five-member commission, in a 3-2 vote, said it would not propose new rules because it fundamentally disagreed that current regulations are “unworkable” for the crypto sphere, as Coinbase has argued. Coinbase later…

The U.S. Securities and Exchange Commission on Friday denied a petition by Coinbase Global seeking new rules from the agency for the digital asset sector, which the country's largest crypto exchange then sought to challenge in court.The five-member commission, in a 3-2 vote, said it would not propose new rules because it fundamentally disagreed that current regulations are "unworkable" for the crypto sphere, as Coinbase has argued. Coinbase later said it had filed a petition for review of the SEC's decision in…

The US Securities and Exchange Commission on Friday denied a petition by the country's largest crypto exchange Coinbase Global asking the agency to create new rules for the digital asset industry.Coinbase in 2022 pressed the SEC to create a bespoke set of rules for the crypto sector, which has long said existing US securities laws are inadequate for regulating the nascent industry. But SEC Chair Gary Gensler has repeatedly rejected such claims. Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Coinbase said it will begin offering spot crypto trading services on its international exchange on Wednesday as the company expands its base beyond the United States.Spot trading on the company's international exchange, which is currently geared toward derivatives trading, will roll out in phases starting with the digital currencies bitcoin and ether against USDC stablecoin on Dec. 14, Coinbase said in a blog post.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Senior…

Digital Trends Cryptocurrency has become the new trend, and many people are investing in virtual currencies. However, with so many cryptocurrencies available, deciding where to invest can be challenging, as well as keeping track of the market’s changes and — most importantly — storing your digital assets securely. Fortunately, you can use your smartphone to stay updated about your investments. You can download many apps to track your coins, use them as a virtual wallet, or even use them as handy tools to stay ahead…

The world's largest cryptocurrency exchange by trade volume, Binance, came under regulatory scrutiny earlier this year when the US Department of Justice (DOJ), along with the Commodity Futures Trading Commission (CFTC) cracked down on the company's lack of regulatory and legal mechanisms to prevent transactions made to fund terrorism, drug deals, and other illegal activities, as per the agencies. On Tuesday, the CEO of the company, Changpeng Zhao, pleaded guilty and agreed on a settlement worth 4.3 billion dollars.But if…

Tech hype comes in waves, and while the focus constantly changes (first crypto, then metaverse, and now AI), some things—like tech’s critics—remain the same. SEC Chair Gary Gensler has been the crypto community’s public enemy no. 1 for a few years now, but now he’s offering his somewhat caustic assessment on Silicon Valley’s latest heartthrob: artificial intelligence.Can AI Help with Mental Health?During a talk at the National Press Club conference on Monday, Gensler told the crowd that “AI may heighten financial…

Shares of Coinbase, the largest U.S. cryptocurrency platform, jumped 13% on Monday after exchange operator Cboe said it was working with the cypto company in its effort to launch a spot bitcoin exchange-traded fund.Cboe on Friday refilled an application with the U.S. Securities and Exchange Commission (SEC) to launch a bitcoin exchange-traded fund by asset manager Fidelity. In that filing it named Coinbase as the crypto platform that would help the exchange police manipulation in the ETF. Cboe sought to address SEC…

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 US Supreme Court on Friday backed cryptocurrency exchange Coinbase Global Inc's bid to halt customer lawsuits while it pursues appeals aimed at moving the disputes out of courts and into private arbitration, which businesses often prefer over litigation.The justices, in a 5-4 decision, overturned a lower court's ruling involving a user who sued after a scammer stole money from his account. The lower court had let a proposed class action lawsuit proceed while Coinbase pressed its appeal contending that the claims…