COINBASE
Description
Based in California, Coinbase is a digital currency exchange where merchants and consumers can transact with cryptocurrencies like bitcoin, ethereum, and litecoin.
Since the establishment in 2012, Coinbase has over 30m users with the transaction value exceeding $150m.
Based in California, Coinbase is a digital currency exchange where merchants and consumers can transact with cryptocurrencies like bitcoin, ethereum, and litecoin.
Since the establishment in 2012, Coinbase has over 30m users with the transaction value exceeding $150m.
Crypto Industry Increases Lobbying Efforts During Crypto Winter
A new study by the Money Mongers reveals that the crypto industry spent $25.57 million on lobbying in the United States in 2022, a 922% increase from 2017. Coinbase, the U.S.-based crypto exchange, led the spending with $3.3 million, followed by the Blockchain Association with $1.9 million and Robinhood with $1.84 million. Despite the increase in lobbying efforts, the overall expenditure of crypto companies on lobbying in America is modest compared to other industries.
Voyager Digital Sells Assets via Coinbase Amid Bankruptcy
Voyager Digital, the CeFi platform that filed for Chapter 11 bankruptcy, has reportedly sold assets through Coinbase and received at least $100 million in USDC. The company has sent daily crypto transfers to Coinbase, with holdings of nearly $530 million in crypto, including Ether and Shiba Inu. The US SEC has objected to Binance.US acquiring over $1 billion of Voyager's assets.
NanoLabs sues Coinbase over Nano trademark infringement
NanoLabs, the company behind digital currency Nano, has filed a legal complaint against Coinbase in the California Northern District Court for alleged trademark infringement. The complaint states that Coinbase's Nano Bitcoin futures contract and Nano Ether futures contract products infringe on NanoLabs' trademark rights, causing economic damage and harm to its brand identity. NanoLabs is seeking at least $5 million in damages, an injunction against Coinbase, and forfeiture of all profits made using Nano trademarks.
Voyager reportedly sells assets on Coinbase exchange
Lookonchain showed Voyager using 23 tokens worth over $100 million.
Coinbase Layer 2 Network
Coinbase's new layer-2 network, Base, has Ethereum supporters. One lawyer thinks the launch "opens the way" for the SEC to expedite its "secondary market agenda."
Chamber of Digital Commerce argues the SEC is overstepping its authority
The Chamber of Digital Commerce submitted an amicus brief asking the SEC to drop its case against former Coinbase employee Ishan Wahi for insider trading, alleging that the agency is trying to classify secondary market transactions as securities.
Revenue for United States-based Coinbase Exchange Beats Expectations for 4th quarter
Coinbase exceeded Wall Street profit projections in Q4 2022 despite a drop in exchange transaction volumes.
Coinbase Announces Launch of Ethereum Layer-2 Network
Coinbase will gradually decentralize the chain but not create a new network coin.
Alexis Ohanian bought 50000 ETH
Ohanian founded 776 Venture Capital using his early ETH and Coinbase investments.
What the U.S. Congress Decides on Crypto Will Ultimately Overstepping their authority
Jake Chervinsky, the Blockchain Association's chief policy officer, criticized the SEC's enforcement-based regulation and urged Congress to regulate the sector.