AD

AD

News Explorer — Coinbase Stock Craters After SEC Announces Lawsuit

Generated by AI, curated by humans

Jun 6, 1:46 pm

Decrypt

Coinbase Stock Craters After SEC Announces Lawsuit

Coinbase shares dropped significantly before the Wall Street opening bell on Tuesday, as investors evaluated the potential implications of the Securities and Exchange Commission's lawsuit against the leading U.S. cryptocurrency exchange. The SEC accused Coinbase of violating securities laws by acting as an unregistered exchange, broker, and clearing agency, and also labeled its staking products as unregistered securities offerings.

Coinbase shares dropped significantly before the Wall Street opening bell on Tuesday, as investors evaluated the potential implications of the Securities and Exchange Commission's lawsuit against the leading U.S. cryptocurrency exchange. The SEC accused Coinbase of violating securities laws by acting as an unregistered exchange, broker, and clearing agency, and also labeled its staking products as unregistered securities offerings.

Latest

Apr 26, 5:25 pm

Decrypt

Investors Pulled $218 Million From Bitcoin ETFs Amid News of a Slowing U.S. Economy

The influx of cash into Bitcoin exchange-traded funds (ETFs) has come to a halt as investors withdrew $218 million from... Read Summary

Apr 26, 5:07 pm

Decrypt

Consensys Lawsuit Against SEC Draws Praise from Coinbase, Uniswap Leaders

Consensys, the company behind MetaMask, has filed a lawsuit against the SEC, accusing the regulator of overreaching and... Read Summary

Apr 26, 2:14 pm

Decrypt

‘Heroes of Mavia’ Reworks Token Unlock Schedule Amid Price Drop

The mobile strategy game Heroes of Mavia has adjusted its token unlock schedule to address the issue of an inflating sup... Read Summary

Apr 26, 11:45 am

Decrypt

Pantera Capital Nabs More Solana From Bankrupt FTX Estate

Pantera Capital has reportedly purchased another batch of Solana tokens from the bankrupt FTX estate in a private sale.... Read Summary

Apr 26, 10:45 am

Protos

Nilam Resources Gives Drops 24,800 Bitcoin Acquisition Plan and Merger With Mindwave Amidst Controversies

Nilam Resources, a penny stock listed on OTC Markets, has announced that it will no longer be pursuing the acquisition o... Read Summary

Apr 26, 10:41 am

The Block

Bitcoin Miner Marathon Digital Says It'll Double Its Hashrate in 2024

Marathon Digital, a Bitcoin miner, has raised its 2024 hash rate growth target to 50 EH/s, doubling its mining operation... Read Summary

Apr 26, 7:15 am

The Block

Pantera Capital Buys 2,000 Solana Tokens in FTX Estate Auction

Pantera Capital, with $5.2 billion in assets under management, has won the bid for 2,000 Solana tokens from the FTX bank... Read Summary

Apr 25, 10:53 pm

Decrypt

MetalCore Joins Mon Protocol to Debut In-Game Quests for MON Tokens

MetalCore, an Ethereum-based mech shooter, has partnered with Mon Protocol to integrate in-game quests that allow player... Read Summary

Apr 25, 10:16 pm

Decrypt

Stripe Will Enable Merchants to Accept USDC for Online Payments

Stripe has announced that it will allow merchants to receive funds in the USD Coin (USDC) stablecoin, marking its return... Read Summary

Apr 25, 9:51 pm

Decrypt

Immutable's Rewards Program Offers up to $50 Million to Players on the ZkEVM Network

Immutable, an Ethereum gaming platform, has launched The Main Quest, a rewards program that offers up to $50 million wor... Read Summary

Apr 25, 7:46 pm

Decrypt

Franklin Templeton Lets Customers Exchange Shares of Its OnChain Fund Directly

Franklin Templeton has announced that customers can now exchange shares of its OnChain U.S. Government Money Fund (FOBXX... Read Summary

Apr 25, 7:25 pm

Decrypt

Consensys Strikes Early at SEC Over Moves Toward Declaring Ethereum a Security

Consensys, the Ethereum software giant, has filed a lawsuit against the SEC, accusing the regulator of attempting to des... Read Summary

Apr 25, 6:46 pm

The Block

FBI Warns Americans Against Using Unregistered Crypto Money Transmitters

The FBI has issued a warning to Americans about using unregistered crypto money transmitting services. They advise avoid... Read Summary

Apr 25, 7:31 am

Coindesk

Rep. Maxine Waters: U.S. Stablecoin Bill Could Be Ready Soon

U.S. House Representative Maxine Waters (D-CA) has indicated that the final version of the stablecoin bill could be read... Read Summary

Apr 25, 7:07 am

Coindesk

'Buy Bitcoin' Sign Held Behind Janet Yellen Sold For $1M

The iconic 'Buy Bitcoin' sign held behind Janet Yellen during her televised Congressional testimony in July 2017 has bee... Read Summary

AD