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Crypto-based firms like Coinbase and MicroStrategy experience notable upticks on the stock market and Bitcoin rallies. Companies with significant cryptocurrency holdings or operations are experiencing a positive market response as Bitcoin rallies over the $35,000 mark on Oct. 24th.  Crypto exchange Coinbase Global Inc. and corporate Bitcoin investor MicroStrategy Inc. saw their stock prices swell by 14 percent and 12 percent, correspondingly, as the market commenced. Similarly, cryptocurrency mining companies Marathon Digital Holdings Inc. and Riot Platforms Inc. also reported over 13 percent in gains during the early hours of trading. Crypto mining infrastructure provider Bit Digital also experienced a 4 percent increase on the stock market today, as Robinhood shares also experienced a notable 2 percent increase. The Bitcoin Fear and Greed Index has also shifted to green, which was mostly in the ‘fear’ zone throughout last month.  This upward trajectory in both...

Cathie Wood’s investment company, ARK Invest, sold shares of the Coinbase crypto exchange and the Grayscale Bitcoin Trust (GBTC) worth about $5.8 million. The transactions took place through several of the firm’s funds. Thus, ARK Next Generation Internet ETF sold 100,739 GBTC at $24.71 and 32,158 COIN at $77.21. ARK Fintech Innovation ETF sold out 10,455 COIN at $77.21. Cathie Wood and Ark Invest's trade activity from today 10/23 pic.twitter.com/3SilCpHQFG — Ark Invest Daily (@ArkkDaily) October 24, 2023 The investment firm is likely taking profits from the recent crypto rally. On Oct. 24, Bitcoin (BTC) reached $35,000. Following BTC, other assets from the top 10 by capitalization also went green. Source: CoinGecko At the time of writing, the first cryptocurrency is trading at $34,416.41, having increased by more than 20% over the past week. According to MarketWatch, Coinbase is valued at $83.85 in premarket trading, up 8.6% overnight. ARK Invest and ...

Coinbase has denounced rumors of it imposing Bitcoin withdrawal limits circulating on social media as inaccurate. Crypto exchange Coinbase has refuted rumors it had imposed a $5,000 per week limit on Bitcoin (BTC) withdrawals after a user's post claiming as such gained traction on social media.  An Oct. 24 post from a user on X (formerly Twitter) claimed that he’d been hit with a purported policy that restricted his withdrawals of Bitcoin from Coinbase to a maximum threshold of $5,000 a week. The post gained over 250,000 views, with more than 420 retweets and nearly 2,000 likes. The post also gained attention of crypto researcher Chris Blec, who asked if anyone could verify the claim being made. . @Coinbase is limit ing bitcoin withdraw ls. I just tried to send BTC from Coinbase to my cold wallet, and encountered a NEW $5k/wk withdraw l limit policy (implemented 10/13). I've been a Coinbase customer for 10 years. GET YOUR BITCOIN OFF EXCHANGES!!!! — Colin Brown (@thecolin...

Coinbase’s Institutional research team notes many bridge hacks occurred due to the complexities around source chain commit and cross-chain relay. Cyber incidents related to cross-chain bridges are likely to decrease in the foreseeable future as many protocols continue adopting rollup solutions alongside increased scrutiny on secure designs. According to Coinbase Institutional’s recent research report, most of the largest bridge hacks over the past few years happened due to the complexities around the signing and validation of messages by the relayers. These third-party services facilitate the transaction of data between different blockchains. Value lost due to cross-chain bridge s related to other incidents in the crypto industry | Source: Coinbase David Han, Institutional Research analyst at Coinbase, referred to the notorious Ronin bridge hack when a hacker using a social phishing scheme got five out of nine private keys needed to forge data payloads to signify ...

Coinbase crypto exchange has been removing dozens of trading pairs in an effort to improve liquidity on its platforms. The United States-based cryptocurrency exchange Coinbase is removing dozens of trading pairs in order to improve liquidity on its platform. Coinbase has suspended 80 non-USD trading pairs including the pairs with cryptocurrencies like Bitcoin (BTC), stablecoins like Tether (USDT) and fiat currencies like the euro. Announcing the news on Oct. 16, Coinbase said that the trading pairs’ removals aim to improve “overall market health and consolidate liquidity.” The trading pairs were removed from the Coinbase exchange and other platforms like Advanced Trade and Coinbase Prime at 19:30 UTC on Oct. 16. 80 non-USD trading pairs that were removed from Coinbase on Oct. 16. Source: Coinbase Status The latest trading pairs’ removals on Coinbase come in line with the exchange’s plans to suspend the markets announced in early October. Coinbase emphasized that users of the affected ...

New research from Coinbase reveals that 55% of voters in pivotal U.S. states are less likely to support political candidates who oppose cryptocurrencies and web3 technologies. This data comes as part of Coinbase’s broader initiative to galvanize 52 million American crypto owners into a formidable political force. Coinbase data shows that 1 in 5 adults own crypto in America – it’s a group 52 million Americans strong. Polling in the fall of 2022 showed that in the key states of NH, NV, OH, and PA, over half (55%) of voters stated that they would be less likely to vote for candidates who… — Wu Blockchain (@WuBlockchain) September 19, 2023 Crypto to play a major role in the 2024 U.S. election The research underscores the growing influence of U.S. crypto owners. Not only do one in five American adults own cryptocurrencies, but this demographic is also younger and more diverse compared to the general population. The new data suggests that crypto is not just a financial a...

Coinbase has decided to further dig in its heels against regulatory pressure from the Securities and Exchange Commission (SEC), with CEO Brian Armstrong calling out the commission’s chair Gary Gensler, and the crypto exchange’s legal chief hitting back at an SEC proposal that would amend custody rules for registered investment advisors (RIAs). In a 23-page letter to the SEC, Coinbase’s legal head Paul Grewal outlined many ways in which the exchange doesn’t agree with major revisions proposed to the investment adviser custody rule. Grewal explained that the SEC is seemingly making assumptions about crypto that would do harm to investors. “While we agree with some of the measures outlined in the Proposal, we are concerned that, in its current form, the Proposal makes unwarranted assumptions about custodial practices based on the Commission’s experience with securities ,” the letter stated. “These assumptions are not necessary or appropriate, and could be detrimental to consumer prote...

Sources familiar with the development told Reuters that at least 50 people have been laid off from Binance.US since the lawsuit filing. The sources further added that employees from Binance’s legal, compliance, and risks departments have been dismissed from their jobs. The sources have requested anonymity as the matter is private. advertisement Earlier this month on June 5, the SEC slapped a lawsuit on Binance and its CEO Changpeng Zhao for creating a “web of deception” to evade securities laws. However, Binance has pledged to defend itself “vigorously” in the matter. The SEC had also requested the court to freeze the funds of Binance.US citing the possibility of dissipation of funds. But earlier this week, the judge rejected the proposal adding that it’s in the interest of both parties to reach a mutual settlement. Coinbase Loses Market Share to Robinhood In another development, it turns out that a herd of retail crypto...

The crypto community saw history being scripted yesterday. The judge in the SEC-Ripple case gave a mixed verdict, but the main takeaway was the declaration of XRP as a non-security. The sales on exchanges; sales by employees; distributions to developers, charities, etc. were off the radar. However, the judge ruled that the institutional sales of the tokens violated federal securities laws. Nevertheless, this will be contested in court again during subsequent proceedings. The only thing the Court found constitutes an investment contract is past direct XRP sales to institutional clients. There will be further court proceedings only on these institutional sales per the Court’s order. — Stuart Alderoty (@s_alderoty) July 13, 2023 Also Read: Spot Bitcoin ETF ‘Rejections’ Might Not Stop BTC’s Bull Run: Why? Coinbase volume spikes: Courtesy XRP? On the heels of the landmark ruling, several exchanges started considering re-listing the asset. Coinb...

Also Read: Binance Brings Back Zero-Fee Trading For Bitcoin , SHIB, PEPE, Other Crypto advertisement Binance said its Auto Invest users will be able to access zero fee trading between May 18 and June 18. This will be applicable to as many as 210 cryptocurrencies. Similarly, the Coinbase One program, a $29.99 per month package which includes zero fee trading, is applicable for hundreds of crypto tokens. In addition, the US based exchange is expanding the Coinbase One service to new jurisdictions. UK, Germany, Ireland Users Can Now Get Coinbase One The Coinbase One program comes with zero trading fees along with a dedicated support team. Also, the Coinbase One members can now get boosted staking rewards and exclusive benefits Messari and CoinTracker, the exchange said in a statement. Also, users in United Kingdom, Germany, and Ireland wil now get access to Coinbase One, besides the United States user base. More importantly, the exchange said it looks...

Investors in Pepecoin (PEPE), the meme Crypto currency du jour, have started a Twitter war against Crypto exchange Coinbase after its newsletter warned of its volatility and associations with the alt-right. On Wednesday, Coinbase pointed to the surge in interest in memecoins — not seen since the cryptocurrency bull run of 2017 — in its weekly newsletter. It warned that these often volatile projects are bad long-term investments and can even be a rug-pull. What’s more, the surge in trading has contributed to exorbitant gas fees on Ethereum. “PEPE, which was issued around three weeks ago with a comically huge supply of 420 trillion tokens, has been leading the memecoin activity,” read Coinbase Bytes . “The token is based on the Pepe the Frog meme, which first surfaced on the internet nearly 20 years ago as a comic-strip character. Over time it has been co-opted as a hate symbol by alt-right groups , according to the Anti-Defamation League (ADL).” Pepe the Frog was cr...

The move comes as a court on Wednesday agreed with Coinbase’s petition and ordered the SEC to respond to Coinbase’s complaint within 10 days. advertisement Coinbase CLO Paul Grewal Forces US SEC to Comply Crypto exchange Coinbase’s Chief Legal Officer Paul Grewal stated on May 5 that Petition Clause protects the right of individuals to appeal to courts and other forums established by the government for resolution of legal disputes. He cites the court’s precedents in Borough of Duryea v. Guarnieri , 564 U.S. 379 (2011) case urging US SEC Chair Gary Gensler to comply and respond to the complaints. "This Court's precedents confirm that the Petition Clause protects the right of individuals to appeal to courts and other forums established by the government for resolution of legal disputes." Borough of Duryea v. Guarnieri, 564 U.S. 379 (2011). — paulgrewal.eth (@iampaulgrewal) May 5, 2023 Trending Stories ...