
April 21st, 2025
Armstrong believes the future of crypto can best be moved forward when more pro-crypto lawmakers are at the helm of affairs.
Amid its ongoing crackdown on crypto entities, the SEC issued an enforcement action Wells notice to Coinbase.
Other services on the exchange remain as they were, and would not be affected by the upcoming change.
This case will be significant for Coinbase and other industry players over how the courts should handle scuffles in the case of arbitration.
In the appeal to Supreme Court, crypto exchange Coinbase is willing to send the two lawsuits – Bielski v. Coinbase and Suski v. Coinbase – into arbitration.
Coinbase advised its customers to use other available payment rails as the exchange works on onboarding other banking partners.
Firms are actively searching for new banking partners as the regulatory climate in the US has now turned sour.
Cathie Wood praised crypto assets for proving to be safe havens as crisis unfolded in the US banking system last week.
Coinbase has integrated Singpass, making it more convenient for customers to sign up on the exchange.
Coinbase might be set to integrate several other protocols with Base, starting with Aave and Uniswap.
Coinbase shares are up approximately 67 percent YTD, despite a 62 percent decline last year.
Gemini crypto exchange reassured its customers that reputable banks, including Fidelity, hold all GUSD reserves.
Coinbase also noted that users will be able to withdraw their existing BUSD assets whenever they choose.
The decision to take over Signature Bank was made to reduce depositor outflows and prevent further bank runs.
Coinbase announced that it had about $240 million in corporate funds at Signature Bank, but expects a full recovery of all its funds.