{ }
Symbol COIN
Name Coinbase Global, Inc.
Currency USD
Sector Information Technology
IndustryGroup Software & Services
Industry Software
Market NASDAQ Global Select
Country United States
State DE
City Wilmington
Zipcode 19801
Website http://www.coinbase.com
Coinbase has reported an 18% year-over-year decline in law enforcement requests, primarily related to criminal enforcement. The majority of these requests originated from the US, UK, Spain, Germany, France, and Australia.
Ohio House Republican leader Derek Merrin has introduced the Ohio Bitcoin Reserve Act, allowing the state treasurer to purchase Bitcoin as part of asset allocation. This initiative aims to protect tax dollars from devaluation and embrace technological advancements in finance. Similar legislation has been proposed in Texas and Pennsylvania, reflecting a growing trend among states to consider Bitcoin as a reserve asset.
Coinbase is responding to a lawsuit from BiT Global that challenges the exchange's decision to delist wrapped Bitcoin (wBTC). The legal dispute highlights ongoing tensions in the cryptocurrency market regarding asset management and regulatory compliance.
Coinbase is contesting BiT Global's legal effort to block the delisting of wrapped Bitcoin (WBTC), citing concerns over Justin Sun's involvement and the lack of transparency regarding WBTC's reserves. Coinbase's chief legal officer described BiT's lawsuit as meritless, emphasizing the need to protect platform integrity and customer trust. BiT claims the delisting will harm its reputation and violate California's Unfair Competition Law, but Coinbase argues that WBTC transactions on its platform are minimal and users have alternative trading options. A hearing on BiT's request for a temporary restraining order is set for December 18.
Prometheum has filed a defamation lawsuit against crypto commentator Matthew Blumberg, accusing him of making false claims about the firm operating an illegal commodities exchange and colluding with the SEC. Blumberg, supported by legal representation, argues his statements reflect well-documented concerns and are protected under New York’s anti-SLAPP laws. He also alleges that Prometheum attempted to intimidate him by contacting his mother to pressure him into endorsing the company.
Meme coins are gaining traction as Bitcoin approaches $110,000, with notable performances from BONK and WIF, which have seen significant gains this year. Meanwhile, the presale for the new meme coin, Crypto All-Stars, is nearing $20 million, offering staking rewards for popular tokens like PEPE and Shiba Inu, with an impressive APR of 155%. As the market evolves, investors are keenly watching these developments for potential profit opportunities.
Crypto.com CEO Kris Marszalek met with President-elect Donald Trump at Mar-a-Lago to discuss a potential national Bitcoin reserve and regulatory frameworks for the crypto industry. Following the meeting, the exchange's native token, Cronos (CRO), surged over 25%. The crypto community has expressed optimism about the new administration's approach to digital assets, with Crypto.com withdrawing its lawsuit against the U.S. Securities and Exchange Commission (SEC) to collaborate on regulations.
Solana, after reaching an all-time high of $264, has been in a downtrend but is showing signs of a potential rally. Analysts predict a bullish breakout, targeting $300 based on a repeating fractal pattern, with long-term projections reaching up to $440. Despite recent underperformance compared to Bitcoin and Ethereum, traders believe Solana is poised for a significant upward movement if it breaks above $235.
Pepe Coin faces significant challenges as Lightchain AI emerges with advanced features like the Proof of Intelligence consensus and Artificial Intelligence Virtual Machine, positioning it as a leader in the blockchain-AI convergence. While Pepe Coin relies on speculative trading, Lightchain AI offers real-world applications and scalability, making it a more sustainable investment option. As the crypto landscape evolves, the need for inherent utility becomes crucial for tokens like Pepe Coin to maintain relevance.
Remote has introduced the option for US-based companies to pay contractors in 69 countries using USD Coin (USDC), enhancing its payroll services in partnership with Stripe. This feature allows for fast and stable compensation, addressing customer demand while ensuring compliance. Payments are settled nearly instantly, providing a hedge against inflation for recipients in various countries.
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