Social media posts that recently hinted at new withdrawal caps may have been fake The Coinbase cryptocurrency exchange has denied rumors that it had assessed a $5,000-per-week maximum on Bitcoin withdrawals after a customer post on social media claiming the new limit was valid started to gain momentum. A user made the claim in an
The cryptocurrency exchange receives a monetary authority license in the country The Coinbase cryptocurrency exchange has been granted a full payments license to operate by Singapore’s central bank, the US-based company announced on Monday. The Monetary Authority of Singapore (MAS) has granted it a Major Payment Institution (MPI) license, allowing Coinbase to offer digital payment
The crypto company and exchange sees the Lightning Network as a big step forward Cryptocurrency exchange Coinbase has verified that it will begin integrating its layer-2 payment protocol Lightning Network as users look for cheaper and faster Bitcoin transactions. Coinbase created Lighting Network (LN) to help decipher Bitcoin’s scalability issues and to compete with other
It was the first outage since the platform went live Coinbase’s Base Network has experienced its first major outage since its public release on August 9. No new blocks were created on the Base layer-2 network chain for approximately 45 minutes on September 5. The “stalled” block production was first identified by developers at 9:36
The platform will no longer be a stand-alone entity Coinbase and Circle released the same statements on their blogs on August 21, redefining the companies’ relationship. The two are responsible for launching the USD Coin stablecoin and previously managed the token via the Centre Consortium. The Centre Consortium “will no longer exist as a stand-alone
The Securities and Exchange Commission makes a surprising move to support the crypto space On Wednesday, Coinbase Global (COIN.O) revealed it had gained approval to offer cryptocurrency futures to retail customers in the U.S. This is a major regulatory win for the online crypto service as it fights a Securities and Exchange Commission (SEC) lawsuit.
The cryptocurrency exchange believes the regulator is conducting a witch hunt Coinbase Chief Legal Officer Paul Grewal said the company would seek to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC), asserting that the crypto exchange never sold securities as alleged. Coinbase plans to file an order seeking dismissal of the SEC
The crypto exchange believes the Lightning Network might help it speed up transactions In order to enable faster cryptocurrency payments, Coinbase is planning to integrate Bitcoin’s Lightning Network. CEO Brian Armstrong commented that Coinbase backs the efforts to facilitate Bitcoin payments via the Lightning Network. Armstrong was commenting in response to a tweet by former
The SEC can’t regulate digital assets as securities unless it defines them as securities Coinbase, the leading cryptocurrency exchange in the US, plans to seek a judge’s dismissal of a lawsuit filed by the Securities and Exchange Commission (SEC). The lawsuit accuses Coinbase of breaching the law due to its failure to register its transactions.
Some crypto insiders believe the securities watchdog is only stalling and doesn’t have an answer Despite recently going on the attack against cryptocurrency companies, the Securities and Exchange Commission (SEC) apparently doesn’t have a solid reason why. Coinbase had requested more guidance and clarity on the principles of the SEC’s new asset class laws via
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