Regulatory and privacy concerns trail SEC’s threat to Coinbase
The SEC’s notice to Coinbase over its Lend product might indicate incoming federal regulations aimed at crypto lending. Crypto lending products have come under scrutiny from security regulators in some jurisdictions across the United States. While these enforcement actions have come from agencies at the state level, there have been indications that the Securities and Exchange Commission (SEC) was also set to go on the offensive.Thus, it was perhaps unsurprising to see the SEC ask Coinbase to halt its proposed crypto lending program titled “Lend.” Coinbase CEO Brian Armstrong took to....
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The exchange hinted at difficulties in regulatory clarity across the crypto industry in its decision to not bring its Lend product to the market. U.S.-based cryptocurrency exchange Coinbase has announced it will not be pursuing its Lend crypto lending program.In a Sept. 17 update to a blog announcing the program in June, Coinbase hinted at difficulties in regulatory clarity across the crypto industry in its decision to not bring the crypto lending product to the market. According to the exchange, “hundreds of thousands of customers from across the country” had already signed up for Lend, a....
The “Coinbase effect” has just been observed for two of three tokens freshly listed on the exchange’s Pro platform. Leading U.S. cryptocurrency exchange Coinbase has announced three new listings on its Pro exchange, predictably causing the tokens’ prices to pump.On Oct. 19, Coinbase Pro announced new listings in ARPA Chain (ARPA), Bounce (AUCTION), and Perpetual Protocol (PERP). It confirmed that trading will become available on or after 21.00 PT on Oct. 19, provided ample liquidity enters the market. The three tokens will be each paired with USD, EUR, and USDT. While AUCTION and ARPA....
Customers will have the option to deposit "as much or as little" of their paychecks as they want in the feature rolling out in the next few weeks. Coinbase will soon allow United States businesses to deposit employees’ paychecks directly into accounts at the cryptocurrency exchange.In a Monday blog post, Coinbase senior director of product Prakash Hariramani said the exchange would be offering direct deposits for workers who want to use their paychecks to purchase crypto with no transaction fees. Users can set up direct deposits through a supported payroll company on the Coinbase app, or....
Coinbase filed a Freedom of Information Act (FOIA) request to seek information on the Securities and Exchange Commission (SEC)’s spending on enforcement actions against crypto firms during the Biden Administration. Related Reading: ‘Just Words’: Arthur Hayes Criticizes US Crypto Strategic Reserve, Cites Funding Concerns Coinbase Seeks Details On SEC’s Crypto War Cost On Monday, Paul […]
Snowden’s advocacy has inspired many of us to seek out better privacy preservation and technologies that are free from government control. The post As A Privacy Pioneer, Edward Snowden Left A Trail For Bitcoin appeared first on Bitcoin Magazine.