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Coinbase faces $1B lawsuit over wBTC delisting

BiT Global is suing Coinbase for $1 billion, claiming unfair practices after it delisted wBTC to promote its own competing product, cbBTC. Crypto exchange Coinbase is being sued for over $1 billion by BiT Global Digital Limited, which is accusing the company of harming the market for Wrapped Bitcoin  after a November decision to delist…
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Coinbase sees its first crypto transaction between AI agents

Coinbase CEO Brian Armstrong sees the transaction as an “important step to AIs getting useful work done.” Coinbase CEO Brian Armstrong recently oversaw his first crypto transaction completely managed by artificial intelligence bots, following several industry efforts to develop platforms for AI agents to execute transactions. “This week at @CoinbaseDev we witnessed our first AI…
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Coinbase, KuCoin, others join in Turkey crypto license application

As the CMB continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes. The Turkish cryptocurrency landscape is experiencing a major transformation as prominent firms like Coinbase and KuCoin compete to obtain business licenses in the country. This surge in applications follows regulatory updates by the…
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Advisor holdings in Bitcoin ETFs rise, hedge fund stakes dip — Coinbase

Investment advisors are expanding their spot Bitcoin ETF holdings, but Coinbase warns that “large inflows” might not be seen immediately due to the slow summer period in the United States. Investment advisors have ramped up their stakes in spot Bitcoin exchange-traded funds (ETFs) during the second quarter of 2024, while hedge fund holdings have seen…
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Coinbase files motion to compel in ongoing fight to get Gensler’s emails

Coinbase has now filed a motion to compel, including among others, a narrowed request for Gary Gensler’s private communications during his time as Chair. Coinbase has filed a motion to compel the United States securities regulator to produce Gary Gensler’s private emails amid its ongoing legal battle with the regulator. It comes after Coinbase sent a…
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Coinbase opts out of ASI token migration as $7.5B merger proceeds

Despite Coinbase’s decision, users can migrate their AI tokens using self-custodial wallets to join the $7.5 billion merger. Coinbase has chosen not to support the upcoming migration of the Artificial Superintelligence Alliance (ASI) for its users. This migration involves a $7.5 billion token merger between the AI protocols SingularityNet, Fetch.ai, and Ocean Protocol. AI tokens…
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Coinbase chips in another $25M to crypto super PAC Fairshake

Coinbase has joined Andreessen Horowitz and Ripple in donating $25 million to the crypto-focused super PAC ahead of the United States elections. Crypto exchange Coinbase says it donated $25 million to crypto-focused super political action committee (PAC) Fairshake as it ramps up lobbying ahead of the November United States elections. In a June 3 blog…
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Coinbase’s Base could make it the NVIDIA of DeFi

Coinbase’s stock price has surged since the company’s first-quarter earnings report. Will its Base offering be enough for investors to sustain the momentum? Coinbase’s first-quarter earnings report — released May 2 — indicated the company has been thriving thanks to a vibrant market for Bitcoin and Ethereum over the last several months. However, the numbers indicated…
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Coinbase to move customer and corporate USDC balances to Base

Coinbase’s move on-chain will carve a path toward a future on-chain financial system, claimed Bankless podcast co-host David Hoffman. Coinbase will start moving more of its customer and corporate USD Coin (USDC) stablecoin accounts to Base — its Ethereum layer-2 blockchain launched a little over seven months ago. Coinbase vice president Max Branzburg posted to X on March 26…
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Coinbase to launch DOGE futures, says it ‘transcended’ meme origins

Crypto exchange Coinbase has announced plans to launch futures trading for Dogecoin, Litecoin and Bitcoin Cash as soon as April 1. Crypto exchange Coinbase believes Dogecoin’s“enduring popularity” suggests it has transcended its meme origins to become a staple in the cryptocurrency industry — and is now planning to launch futures trading products for the cryptocurrency.…
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