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Users will still be able to deposit and withdraw after the deadline, but trading will be suspended. Cryptocurrency exchange Coinbase will suspend trading of Tether (USDT), DAI, and RAI stablecoins for Canadian users beginning August 31. In an August 17 email notice to users , Coinbase said that "we regularly monitor the assets on our exchange to ensure they meet our listing standards," and based on its review, trading of the aforementioned stablecoins will no longer be available to Canadian users starting September. However, Canadian users can still deposit and withdraw the stablecoins after the proposed deadline. In a statement, the exchange wrote: "Coinbase Canada, Inc. has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Coinbase Canada, Inc. obtains registration, it has agreed to abide by the terms of an undertaking." This is a breaking news story, and further information wil...

Crypto exchange Binance and CEO “CZ” support the Terra Luna Classic community by committing to burn LUNC spot and margin trading fees every month. The community now seeks Binance’s support in the USTC repeg through a market module. advertisement However, USTC repeg Quant team member RedlineDrifter’s recent tweet regarding direct communication with Binance is now deleted. The infrastructure and divergence algorithm remains the two primary issues for agreement on USTC repeg. The reason to remove the tweet remains unclear. Meanwhile, the community votes on key proposals to bring crucial changes to the chain. The community pool balance that dropped below 448 million LUNC from 2.3 billion LUNC is slowly rising. The funds in the community pool increased to over 602 million, with validator JESUSisLORD depositing 2.65 million LUNC after the L1TF developer group denied accepting the funds and suggested adding it to the community pool. Read More:...

In what has been a rather surprising development, Coinbase CEO, Brian Armstrong, has responded to Bank of America ’s alleged anti-crypto move. Specifically, Stacks co-founder Muneed Ali stated that the bank had closed his personal account with no reason given. Ali accuses the bank of closing his account because he had conducted transactions on Coinbase with Bitcoin. Subsequently, he notes the move as a retaliatory action in response to his crypto connections. Thereafter, Armstrong reacted to the development.  Any other @BankofAmerica customers seeing this? If so, not ok. See poll below https://t.co/7r4szZK1Te — Brian Armstrong 🛡️ (@brian_armstrong) July 13, 2023 Also Read: US Judge Rules Ripple XRP is Not a Security Bank of America Accused of Anti-Crypto Manuever The digital asset landscape in the United States is tricky. The regulatory landscape of the industry has been wrought with uncertainty. Subsequently, a host of companies have ...

Coinbase Executives Dump COIN Shares The filings submitted to the U.S. Securities and Exchange Commission (SEC)- Form 04 shed light on the stock sales by Coinbase executives. The Form 4 filing submitted to the SEC disclosed the stock sales made by Coinbase executives, including the Chief Legal Officer Paul Grewal, Chief Accounting Officer Jonnes Jennifer N., and the CEO Brian Armstrong. advertisement This week, Armstrong sold over $5.8 million worth of shares, marking his largest-ever sale. Additionally, he sold shares worth $2.6 million on May 25. Armstrong has previously disclosed his plan to sell his 2% stake in Coinbase over the next year, with the proceeds funding science and technology developments in his co-founded companies, including NewLimit (a biotechnology company) and ResearchHub (a scientific research firm). Post shareholder lawsuit accusing the CEO and investors of unloading shares to avoid substantial losses in 2021, there have been multiple...

The SEC has officially sued crypto exchange Coinbase. In the lawsuit, the regulator claimed that the exchange allowed traders and investors to buy, sell, and trade “crypto asset securities.” The Coinbase Platform merged three functions that are typically “separated” in traditional securities markets—those of brokers, exchanges, and clearing agencies. The filing noted, “Coinbase has never registered with the SEC as a broker, national securities exchange, or clearing agency, thus evading the disclosure regime that Congress has established for our securities markets.” BREAKING: SEC sues Coinbase, citing the exchange is acting as an unregistered broker. — Watcher.Guru (@WatcherGuru) June 6, 2023 Also Read: Coinbase Drops 9% Post Binance Lawsuit: Company Rallies for ‘Clear’ Crypto Rules Rules cannot be ignored: Regulator The SEC’s complaint has been filed in U.S. District Court for the Southern District of New York. Specifically, it alleges that Coinbase and CGI violated ...

Austria-based crypto investment business Bitpanda has partnered with Coinbase to enable European banks to offer crypto to their clients. Via the latest licensing deal, Bitpanda will allow Coinbase to bring regulated trading infrastructure services directly to banks outside the U.S. JUST IN: #Coinbase and Bitpanda partner to enable European banks to offer crypto currency to their customers. — Crypto Trends (@CryptoTrends) May 24, 2023 Coinbase will also be added as a liquidity provider for Bitpanda Technology Solutions. This is essentially Bitpanda’s ‘investing-as-a-service’”’ arm. In turn, the platform will start using Coinbase Prime’s custody services. Simplistically, the deal will help Coinbase’s institutional clients outside the U.S. to white-label Bitpanda’s investing-as-a-service platform. In fact, institutional clients of the platform can integrate trading infrastructure to start offering their customers trading, investment, and custody tools for assets including...

Also Read: CZ Seeking To Dump Binance.US Stakes Amid CFTC Probe advertisement Coinbase Gains Upper Hand Against US SEC As per the court filings, the U.S. Chamber of Commerce has submitted Amicus Brief in support of Coinbase’s writ of Mandamus against the SEC. The group has called out the SEC for acting “unlawfully” in the digital asset ecosystem. This filing becomes important a the U.S. Chamber of Commerce claims to be the world’s largest business federation. It approximately represents 300k direct members, while it indirectly represents the interests of over 3 million businesses and professionals. The filings mentioned the chamber’s members hold a strong interest in regulatory clarity around the crypto. However, its several members are companies that are subject to U.S Securities laws that may be affected by the commission’s ongoing approach to the crypto market. Trending Stories ...

Coinbase assured users that their BUSD funds will remain accessible and that they will still be able to withdraw funds at any time. US-based cryptocurrency exchange Coinbase announced the suspension of trading for the Binance  USD (BUSD) stablecoin on March 13 via Twitter.  We have disabled trading for Binance USD (BUSD). Your BUSD funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time. https://t.co/jfpCZX7UTC — Coinbase Assets (@CoinbaseAssets) March 13, 2023 On Feb 27, Coinbase cited “listing standards” as the reason behind its decision to disable trading for BUSD on March 13. The February announcement read;  We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent reviews, Coinbase will suspend trading for Binance USD (BUSD) on March 13, 2023, on or around 12pm ET. According to Coinbase’s Feb 27 Twitter thread, the decision to disable trading for BUSD will apply t...