After SEC Pressure, Coinbase Decides To Drop Interest Product
It was just a couple weeks ago that Coinbase posted a blog post, paired with a hefty Twitter thread from CEO Brian Armstrong highlighting recent challenges with the SEC. Armstrong described the agency’s behavior as “sketchy” after the SEC seemingly threatened the exchange that a lawsuit would be impending should Coinbase launch their expected interest-yielding product, Lend. If Armstrong’s tweet thread didn’t give it away, the company’s blog post, spearheaded by Chief Legal Officer Paul Grewal, was undoubtedly lined with some of the firm’s....
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Bitcoin services provider Coinbase has added stop orders to its Coinbase Exchange product, allowing customers to buy and sell the digital currency at a previously set price. Coinbase describes the service as a way to allow users to protect profits while improving their experience with the exchange product. Since Coinbase launched the exchange in January 2015, it has put an increasing emphasis on the product, indicating in recent messaging that it is first and foremost an exchange product. In a widely circulated Medium post, CEO Brian Armstrong indicated in February his view that the....
Since Bitcoin’s price began to drop after its recent surge to a new all-time high on December 17, several key metrics have been demonstrating bearish movement, sparking uncertainty about BTC’s prospects in the short term. A persistent decline in crucial metrics might lead to a larger drop in BTC’s price to previous support levels. Coinbase […]
High-interest rate of crypto products has made SEC threaten to sue Coinbase. This will likely frustrate users who see the company’s offer as a practical means of earning 4% interest. The Securities and Exchange Commission SEC issued a surprising warning to sue Coinbase if they move on with their plan. Coinbase had initially announced its […]
Amid the decline in crypto interest, reports have shown that American-based crypto exchange Coinbase, one of the world’s largest cryptocurrency exchanges experienced, a sharp drop in spot trading volume during the third quarter of 2023. Coinbase Spot Trading Volume Dropped by Half According to the report, the cryptocurrency platform’s spot trading volume fell by […]
Not to be outdone by the likes of Newegg, TigerDirect, and Overstock.com, Michael Dell took to twitter today to announce the acceptance of Bitcoin at Dell.com. Coinbase followed with a blogpost announcing their newest and largest partner to date. The Texas-based, privately-owned company dwarfs resellers such as the aforementioned companies with over 100,000 employees employed worldwide and over $60 billion USD in annual sales. So far, Michael Dell hasn't said anything about paying any of his workers with Bitcoin; however, it is only a matter of time before he faces internal pressure to do....