Category: Coinbase

Coinbase, Executives, Investors Hit With Lawsuit Over Nasdaq Listing

Coinbase, Executives, Investors Hit With Lawsuit Over Nasdaq Listing

A class-action lawsuit has been filed against cryptocurrency exchange Coinbase, its executives, and investors over the company’s direct listing on Nasdaq. “According to the complaint, the registration statement and prospectus used to effectuate the company’s offering were false and misleading,” the lawsuit alleges. Class Action Lawsuit Against Coinbase Scott+Scott Attorneys at Law LLP announced Friday […]

Continue Reading

Coinbase slapped with a class action lawsuit for ‘misleading’ investors

Coinbase is facing a potential class-action lawsuit for misleading investors with unsubstantiated and materially deceiving offering statements. The leading exchange platform was also sued recently for misleading customers into purchasing Dogecoin in exchange for a sweepstakes reward. Coinbase is facing a proposed securities class action as its offerings are claimed to be false and misleading. […]

Continue Reading

Coinbase Commerce Now Supports Dogecoin Payments

Coinbase Commerce Now Supports Dogecoin Payments

Coinbase now accepts commerce payments in dogecoin. With the addition of the meme crypto, Coinbase Commerce now allows customers to check out and pay with seven cryptocurrencies. Coinbase Commerce is a platform by the Nasdaq-listed Coinbase that “enables merchants anywhere in the world to accept cryptocurrency payments in a fully decentralized way,” its website describes. […]

Continue Reading

Bought the Dip? Cathie Wood’s ARK Invest Purchased 450,000 GBTC Shares in Two Days

The latest retracement that drove bitcoin to sub-$30,000 levels has not deterred Cathie Wood’s investment management company ARK Invest. The firm has bought more than 140,000 additional shares of the Grayscale Bitcoin Trust in a day for its ARK Next Generation Internet ETF. ARK Investment Bought the Bitcoin Dip? The price of the primary cryptocurrency […]

Continue Reading

Circle Publishes USDC Attestation, Reserve Report Reveals Segregated Accounts in USD-Denominated Assets

Circle Publishes USDC Attestation, Reserve Report Reveals Segregated Accounts in USD-Denominated Assets

On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre Consortium’s accountant, Grant Thornton explaining that the stablecoin’s reserve account information matches the accompanying reserve account […]

Continue Reading

Coinbase customer sues exchange for $5 million after “misleading” Dogecoin advert

Coinbase customer sues exchange for $5 million after “misleading” Dogecoin advert

A Coinbase customer is suing the firm for a misleading Dogecoin trading campaign and seeks $5 million in damages. Elsewhere, Axe is set to launch a limited run of a DOGE-themed body spray known as “Dogecan” for US DOGE fanatics. A Coinbase user has filed a class-action lawsuit against Coinbase, for an allegedly misleading Dogecoin […]

Continue Reading

1H’21 crypto public markets overview: capital formation and relative valuations

1H’21 crypto public markets overview: capital formation and relative valuations

Quick Take Nearly $1 out of every $5 of venture funding globally went into Fintech in 2Q 2021; interestingly, nearly 20% of all Fintech funding (~$6.2B) came from Crypto & Blockchain industry segments, a significant increase in the average share of fintech funding from 2019-2020 of just ~6.5% In 1H’21 more than $5 billion was […]

Continue Reading

UK Registers 30% Jump in Crypto Transactions: Coinbase Data

Routine crypto transactions have increased by 30 percent during Q2 in 2021, rising from £325 million in Q1 to £468 million during the second quarter in the UK, according to Coinbase records. Where UK’s crypto transactions have been record-breaking, Asian nations have overthrown everyone with a 44 percent increase in crypto transactions during Q2. Globally, […]

Continue Reading