CoinShares scrutiny of crypto investment reveals the possibility of institutional investors withdrawing the seed capital. Its assessment shows withdrawals executed by institutional investors estimated at $62 million. CoinShares’ report on Monday, June…
Category: Coinbase
Hotbit Terminates Operations, Issues June Deadline to Withdraw Funds
Hotbit is set to halt all operations citing the increasingly cumbersome experience of running centralized exchanges. The Hotbit team admitted battling a litany of issues that made the centralized exchange lack long-term…
US Chamber of Commerce Supporting Coinbase to Fault SEC for Regulatory Confusion
On Thursday, the United States Chamber of Commerce expressed displeasure owing to the regulatory strategy embraced by the Securities and Exchanges Commission (SEC) towards the digital asset industry. It did so by…
SEC Challenges Coinbase Legal Maneuver, Likely to Impose Enforcement Action
The US Securities Exchange Commission (SEC) is set to replicate the enforcement actions handed to Kraken and Bittrex crypto exchanges. The move is likely following the strong rebuttal issued by SEC against…
Coinbase Announces It Won’t Support Gala Games Upgraded Token
Web3 gaming developer Gala Games is planning to launch its upgraded GALA token in mid-May. The existing GALA holders will be airdropped the new token, but American crypto exchange Coinbase has announced…
Hong Kong Regulator Instructs Banks to Offer Services to Crypto Firms
Hong Kong’s emergence as a global crypto hub is evident, with the monetary authority obligating banks to offer services to the crypto firms before seeking operating licenses. The circular conveyed by the…
SushiSwap CEO Admits Depressed By Increased Regulators’ Crackdown on Crypto
SushiSwap chief executive Jared Grey responded to questions posed by the community regarding the US Securities and Exchange Commission (SEC) subpoena. He emphasized suppressed inspiration following the series of regulatory crackdowns imposed…
“Black Swan” Author Thinks Predictions Of Bitcoin Prices At $1,000,000 Are Totally Laughable
Coinbase’s CTO, Balaji Srinivasan, was previously an a16z partner. Making such a prominent claim has generated a lot of debate. To the dollar, if you bet that bitcoin’s value will reach $1…
Derivative Dealers Lose $202 Million In One Day Due To Bitcoin Collapse
The worst sell-off of the year occurred on March 10, when the cryptocurrency market unexpectedly went red. The price of Bitcoin fell under $20,000 for the first occasion in three months. As…