Gareth Soloway joins Kurt Wuckert Jr. on CoinGeek Weekly Livestream, sharing his thoughts on the FTX collapse, the bear market, and the possible recession in 2023.
The regulator disclosed that Block Earner, a firm backed by Coinbase and Aave, also operates an unregistered managed investment scheme that violates Australia’s capital market laws.
Digital Currency Group boss Barry Silbert has issued a note to shareholders, noting the “difficult industry conditions” plaguing the digital asset sector.
There’s trouble brewing with the big players in the digital currency industry in the wake of the FTX implosion, with Genesis, Gemini, and DCG allegedly struggling financially.
Digital asset exchange Coinbase was reprimanded by German financial supervisory authority BaFin over corporate deficiencies, with the latter demanding the firm carry out organizational change.
The lone bright spot on Coinbase’s subscription and services chart was interest income, which shot up 213% to $101.8 million, thanks largely to the U.S. Federal Reserve hiking its lending rates.
According to reports on October 25, Block had tapped Perry Hothi, former chief technology officer for Argo Blockchain PLC, to help spur Block’s BTC mining ambitions.
Coinbase and Google partners for a new platform centered on expanding "crypto" services and building Web3, which comes after the former was granted an in-principle license approval by Singapore.
Coinbase's credibility is once again put into question as it faces a $350-million lawsuit from a global blockchain-based software for allegedly infringing the latter's intellectual property.
Nikhil Wahi admitted that he received tips from his brother, who was a former product manager at Coinbase, about upcoming listings and made $1.4 million from them.
Coinbase's Chief Legal Officer Paul Grewal said the sanctions "set a dangerous precedent" and claims it will have a chilling effect on software development.
The company cites the persisting price slump in the digital asset market with Rain's co-founder and CEO, noting that the volatility in the industry has resulted in "unfortunate changes."
