
April 18th, 2025
In yesterday’s meeting, the crypto industry executives lashed out at the White House officials over the regulatory assault from the Federal Reserve and the US SEC.
“My biggest concern is crypto becoming politicized,” Paul Grewal, Coinbase’s Chief Legal Officer, stressed in an interview at the Asia Blockchain Summit.
The SEC argues that the request for internal and external emails related to digital asset regulation is “overly broad”.
In the short term, Bitcoin’s recent sharp drop and an RSI below 30 suggest it might be oversold, which could lead to a potential rebound soon.
Only a few days ago, the firm sold part of its shares in Coinbase.
Meanwhile, Coinbase recently released its Q2 2024 earnings report, surprising many market observers with its performance.
In the letter, Coinbase confirmed that the total revenue was down 11% quarter-over-quarter and the revenue from transactions was $781 million, down 27% from Q1 2024.
Coinbase has strongly denied any legal violations. The company’s Chief Legal Officer Paul Grewal released an official statement on August 1.
WazirX already launched two bounty programs. One involves a $10,000 prize money in Tether for information that leads to freezing the stolen funds. The second is a “white hat recovery” bounty of 10% of the recovered fund.
Icebreaker uses blockchain to allow users to transfer professional profiles and networks into one verified channel.
By removing transfer fees, Coinbase seeks to encourage more frequent and cost-effective transactions, thus supporting the overall growth and utilization of Base.
In the pre-market on Monday, Coinbase and other Bitcoin mining firms saw their stock prices rally anywhere between 3.5-4.5%.
Apart from Clement, Coinbase has welcomed Christa Davies, the outgoing financial chief at Aon, and Chris Lehane, a former Democratic consultant-turned-businessman, to its board.
Coinbase asserts these on-boardings were accidental, yet 31% of these customers deposited $24.9 million. The FCA reports these funds were used for withdrawals and crypto transactions through other Coinbase entities, totalling $226 million.
When fault proofs go live on mainnet, Base will reduce its reliance on central authorities and enhance transparency and accountability.