New York Sues Coinbase, Gemini Over Unlicensed Markets
[ad_1] New York’s attorney general has filed lawsuits against crypto exchange operators Coinbase Financial Markets and Gemini Titan for allegedly violating state gambling laws, according to court records cited by Reuters. Copies of the complaints show the state alleges both exchanges failed to obtain licenses from the New York State Gaming Commission to operate their […]
Coinbase Adds Two Little-Known Crypto Assets to Listing Roadmap
[ad_1] The US-based crypto exchange Coinbase has added two little-known crypto assets to its listing roadmap. The exchange says it’s considering adding Diem (DIEM) and Opengradient (OPG) to its platform for spot trading. “The launch of trading for these assets is contingent on market-making support, and sufficient technical infrastructure. We will announce the launch of […]
US Community Banks Push Back on Coinbase Trust Charter Approval
[ad_1] The Independent Community Bankers of America has opposed the Office of the Comptroller of the Currency’s (OCC) conditional approval of Coinbase’s national trust bank charter, warning the application falls short of regulatory standards and could pose risks to consumers and the financial system. On Thursday, ICBA said Coinbase’s application shows deficiencies in risk controls, […]
Did Coinbase Refuse To List XRP On Purpose? Ripple Exec’s Old Tweets Resurface
[ad_1] Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The XRP community has drawn attention to old X posts by Ripple’s CTO Emeritus, David Schwartz, suggesting that Coinbase may have refused to list XRP on purpose. Schwartz had also suggested that the exchange asked Ripple for money before it could […]
Coinbase Adds Little-Known Crypto Asset to Listing Roadmap for Spot Trading
[ad_1] The crypto giant Coinbase just added a little-known crypto asset to its listing roadmap. The exchange says it’s preparing to add Perle (PRL) to its platform for spot trading. Perle (PRL) is the native token of the Perle ecosystem, issued and governed by the non-profit Perle Foundation. Perle Labs is a Solana-based web3 AI […]
Coinbase denies lobbying against Bitcoin tax exemption: ‘Totally false’
[ad_1] Coinbase exchange founder and CEO Brian Armstrong has dismissed claims that the company has been lobbying against a tax exemption for Bitcoin transfers below $200. In a statement on X (formerly Twitter), Armstrong labelled the claims as “totally false,” adding, I’ve spent a bunch of time lobbying for Bitcoin’s de minimis tax exemption, and […]
Insurance Giant Aon Partners With Coinbase and Paxos in Trialing Use of Stablecoins for Premium Payments
[ad_1] The world’s second largest insurance broker is teaming up with the crypto exchange Coinbase and the Paypal USD (PYUSD) issuer Paxos to support stablecoin payments for insurance premiums. Aon plc says that it successfully demonstrated a proof of concept for insurance premium payment using dollar-backed stablecoins. The firm says it worked with Coinbase and […]
UK Lords Press Coinbase on Stablecoins, KYC and Bank‑Run Risks
[ad_1] The United Kingdom House of Lords grilled Coinbase’s top international policy executive on Wednesday over whether stablecoins would drain bank deposits and add new risks to the UK financial system, pressing him on everything from Silicon Valley Bank‑style runs to illicit finance and Know Your Customer (KYC) rules. During the Lords’ stablecoins inquiry, Tom […]
Crypto Exchange Coinbase Adds ‘Neobank’ Digital Asset Project to Listing Roadmap
[ad_1] Coinbase has added the upcoming governance and utility token of a ‘neobank’ blockchain project to its listing roadmap, putting the soon-to-be-launched asset on the potential path to trading. The largest crypto exchange by trading volume in the United States says it could soon support Superform (UP), a “user-owned neobank, enabling single-signature execution of arbitrary […]
Coinbase CEO Brian Armstrong Abruptly Drops Support for Major US Crypto Legislation, Calls New Version ‘Materially Worse’ Than Status Quo
[ad_1] Coinbase CEO Brian Armstrong says he can’t support a major crypto bill making its way through Congress in its current form. Armstrong says he believes the latest version of the Clarity Act is worse than the current status quo. He cites multiple key features that are a no go for the largest US crypto […]