Coinbase reports 22% revenue growth, net loss of $79M for Q1; notes lower volatility in Q2
The company commented on its downsizing and said it aims to "do more for less."
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Read Coinbase news, including earnings, legal cases, product launches, listings, policy advocacy, and exchange market developments.
The company commented on its downsizing and said it aims to "do more for less."
Mike Dalton 3 min read
The Court informed Coinbase that it can issue a reply to the SEC's response within seven days after it is filed.
The feature that allowed users to take out loans of up to $1 million against 40% of their Bitcoin holdings will be scrapped from May 10.
Over the past month, Coinbase's shares shed more than 20% — dropping from as high as $72 in April to $50.1 as of May 1.
Foreign crypto exchanges in Kenya are now expected to pay a 1.5% duty on commissions they receive from facilitating crypto trades.
The Coinbase stockholder's lawsuit alleges that 9 Coinbase executives and board members used inside information to profit from stock sales.
Judging by its precedence, the U.S. government could potentially sell off the Bitcoin within the next few years.
CLO Paul Grewal said that neither Coinbase nor the legal landscape has changed and that those factors could not have motivated the SEC's actions.
SEC Chair Gary Gensler analogy sparks controversy amongst crypto community — backlash highlights lack of SEC regulatory clarity.