What Will Be the Next Target of the SEC’s Enforcement Regime?
(Photo courtesy of the Securities and Exchange Commission)
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Coinbase
(Photo courtesy of the Securities and Exchange Commission)
Coinbase, best-known for being one of the largest crypto exchanges for retail customers, continued its expansion into the professional space with the introduction Tuesday of a Web3 wallet designed to help institutions get into NFTs and other corners of decentralized finance, or DeFi.
Coinbase is looking at “markets that are enacting clear rules” for the crypto industry, with the European Union, U.K., Canada, Brazil, Singapore and Australia its near-term priorities.
Coinbase (COIN) raised $57 million for the platform as of Sept. 1, according to an SEC filing.
Coinbase’s potential involvement in spot bitcoin ETFs could serve as part of the SEC’s reconfigured arguments for rejecting the applications, the report said.
U.S.-based crypto exchange Coinbase is in talks with Canadian banking giants, trying to convince them to support the crypto ecosystem in that nation, which the company recently entered as it grapples with regulatory uncertainty in its home country.
The U.S. crypto exchange’s ‘Base Neutrality Principles’ are a series of guidelines aimed at maintaining a decentralized and neutral blockchain, according to a blog post.
The week in blockchain tech: Crypto-fueled social marketplace Friend.tech goes viral on Coinbase’s new Base blockchain, Shiba Inu community’s “Shibarium” network aims for fresh start, and Ethereum experts handicap the competition between leading technologies for layer-2 networks.
The Centre Consortium, jointly managed by Circle and Coinbase, is being shut down and Circle is bringing issuance and governance of the USDC stablecoin in-house.
A group of crypto investors and developers lost a lawsuit funded by Coinbase which sought to argue that the U.S. Treasury Department overstepped its authority in sanctioning Tornado Cash, a mixing service.