In a significant backdrop of legal battles,
crypto exchange Coinbase has experienced challenging moments, notable highlights and strategic moves. It faced a
legal tussle with the SEC over investment definitions and sought an appeal against the SEC's stance. Meanwhile, an Indian man stole $37 million in cryptocurrency using a fake Coinbase Pro site, signaling the dire need for more robust
security measures. The stock of Coinbase dropped following a negative verdict from the Supreme Court concerning a Dogecoin dispute. Concurrently, Coinbase introduced an altcoin connected to the
Bitcoin ecosystem to its listing roadmap and resumed support for
XRP trading in New York. More encouragingly, in collaboration with Meta and Ripple, Coinbase has formed a coalition designed to tackle
online fraud. The company also seeks to expand its offering by launching
gold and oil futures trading. However, Coinbase's
data contradiction with the Federal Reserve over crypto usage in the US has raised eyebrows. Opting for innovation, Coinbase integrated Bitcoin's Lightning Network through a partnership with Lightspark.
Coinbase News Analytics from Wed, 20 Mar 2024 07:00:00 GMT to Mon, 27 May 2024 00:00:35 GMT -
Rating 0
- Innovation 6
- Information 8
- Rumor -6
