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Flare token up 20% after Coinbase adds to listing roadmap

The price of FLR, the native token of the EVM-based layer-1 blockchain Flare, has shot up by more than 20% in the past 24 hours. On CoinMarketCap, FLR is trading at $0.04056, a 20.46% difference over the previous 24 hours. FLR 24-hour price movement | Source: CoinMarketcap Some have…

Ticketmaster Launches NFT-Gated Ticketing Service for Avenged Sevenfold Shows

Ticketmaster, the global provider of event ticketing services, has launched “token-gated sales,” allowing fans access to concert tickets using non-fungible token (NFT) technology. The first to use the service is the metal band Avenged Sevenfold (A7X), whose “Deathbats Club” NFT collection gave owners early access to the group’s shows…

Binance Experiences Significant BTC, ETH, and Stablecoin Withdrawals Following CFTC Lawsuit

After the U.S. Commodity Futures Trading Commission sued Binance for alleged violations of trading and derivatives rules, a significant amount of cryptocurrency was withdrawn from the exchange. Data from analytics provider Nansen shows $400 million in Ethereum-based funds were withdrawn in 24 hours, and 3,655 bitcoin worth more than…

Crypto market rally stalls at the $1.2T level, but bulls are getting positioned

After gaining 11% between March 16 and March 18, the total crypto market capitalization has been battling resistance at the $1.2 trillion level. This same level was reached on August 14, 2022 and was followed by a 19.7% decline to $960 billion over the next two weeks. During the…

Cathie Wood’s Ark Invest buys more Coinbase and Block shares 

Ark Invest has beefed up its portfolio with millions of dollars worth of Coinbase (COIN) and Block (SQ) shares. ARK bets on COIN and SQ Barely 48 hours after selling off some of its Coinbase (COIN) shares, Ark Invest, an American investment management company has taken advantage of the…

Coinbase Identifies Four Key Innovations for its Layer-2 Network

Coinbase, a leading cryptocurrency exchange, has outlined four critical innovations that should be built on its newly launched layer-2 network, Base. The exchange believes that the implementation of these innovations will help to strengthen the network and enhance user experience. The network is powered by the layer-2 network Optimism…

‘The Only Way to Truly Scale Blockchains Is to Parallelize Processing’ Says Piers Ridyard

Despite being touted as the possible panacea, decentralized finance (defi) still faces obstacles which greatly diminish the prospects of mainstream adoption, asserts serial entrepreneur and CEO of Radix DLT, Piers Ridyard. Ridyard added that while defi is seen as “a fantastic proof of concept,” widespread adoption of this alternative…

Do Kwon arrested, bitcoin reclaims $28,000, SEC’s enforcement actions persists | weekly recap

This week was mixed, punctuated by bullish and bearish patterns in the price action of top crypto assets, including bitcoin and ethereum. Noteworthy development included the recovery of bitcoin (BTC), which rejected bear pressure and rallied back above $28,000. The uptrend remains despite the United States Securities and Exchange…

US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion

As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion, which is approximately 1.06% of the circulating supply, according to current statistics. The cache of bitcoins is a result of three forfeitures that began in 2020. Glassnode’s on-chain data reveals that on March 9, about…

Coinbase extends request for builders to expand ecosystem via Base Fund

Coinbase’s layer-2 platform, Base, is extending a request for builders to work on a safer DeFi, altcoins, on-chain reputation, and on-chain Limit Order Book(LOB) exchange through its eco-fund. Bringing expansion to Base Base recently announced the launch of the Base Ecosystem Fund, a capital pool for investing in early-stage projects…

Coinbase warns of losing crypto industry leadership

Coinbase, a prominent U.S.-based cryptocurrency exchange, has been issued a Wells notice by the U.S. Securities and Exchange Commission (SEC) over possible securities law violations regarding some of its asset listings, staking services, and Coinbase Wallet. The notice came on March 22, and Coinbase is expected to face legal…

Coinbase CEO asks community to support pro-crypto politicians

Coinbase CEO, Brian Armstrong, has issued a call to action to the crypto community, asking it to support and vote for crypto-friendly politicians in the next United States elections. Armstrong’s clarion call The cryptocurrency industry is facing a lot of regulatory uncertainty in the United States, especially after the…

‘US has left a vacuum that other countries are eager to fill’: Coinbase

With Coinbase seemingly on the verge of a court battle with the Securities and Exchange Commission (SEC), the firm has emphasized that the U.S. government’s hawkish approach to crypto regulation has “left a vacuum that other countries are eager to fill.’ The SEC issued Coinbase a wells notice on…

ARK Invest Buys Coinbase Shares Despite Wells Notice

Two days previous to the announcement that the Wells notification was forthcoming, ARK Invest had already sold 160,887 of its Coinbase shares using the ARK Fintech Innovation ETF. When this transaction took place in 2023, it was the first time that any of ARK Invest’s ETFs had sold Coinbase…

SEC Advises Investors to ‘Exercise Caution’ When Dealing With Crypto Asset Securities

Following recent enforcement action against various crypto entities and celebrities, the U.S. Securities and Exchange Commission has issued an advisory notice to investors telling them to be cautious of risks associated with crypto asset securities. The U.S. securities regulator insists that specific entities offering crypto asset investments or services…

‘Surgical removal’ of crypto will only weaken USD dominance, commentators say

The United States’ crackdown on cryptocurrencies and firms will only serve to stifle crypto-related innovation and “weaken” the country, said industry pundits in the wake of Coinbase’s recent Wells notice. On March 22, crypto exchange Coinbase became the latest crypto firm to receive a “legal threat” — in the…

Coinbase CEO calls for action in electing pro-crypto lawmakers following SEC Wells Notice

Brian Armstrong, the chief executive officer of United States-based cryptocurrency exchange Coinbase, has renewed calls for crypto users to “elect pro-crypto candidates.” In a March 23 Twitter Spaces discussion, Armstrong said Coinbase would be making efforts to organize the roughly 50 million U.S. citizens who use crypto into a…

SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023

2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences. The following opinion…

SEC issues an investment warning on crypto assets

In a recent SEC filing, investors were warned of the dangers associated with crypto assets. The notice was issued only one day after the regulator had served Coinbase with a Wells Notice. The agency’s Office of investors education and advocacy warned the public that cryptocurrency trading platforms might not comply with…

Coinbase and Algorand give divergent reasons for staking reward suspension

Algorand Foundation CEO Stacy Waden took to Twitter to confirm rumors about Coinbase’s decision to discontinue Algorand (ALGO) staking rewards for retail customers. Coinbase and Algorand, however, cite different reasons for the move. According to Waden’s tweet, Coinbase informed Algorand about the sudden termination of rewards for ALGO tokens…

Coinbase CEO Compares SEC to Soccer Refs in Criticism of Lack of Clarity Around Crypto Regulation

In a recent development, Coinbase, the popular cryptocurrency exchange, has been issued a Wells notice by the United States Securities and Exchange Commission (SEC), which typically precedes an enforcement action. The news prompted Coinbase CEO, Brian Armstrong, to criticize the SEC for its lack of clarity around crypto regulation.…

Coinbase Tries AI Assistant Chatgpt for Pre-Listing Risk Assessment of Tokens

Crypto exchange Coinbase has tested Openai’s Chatgpt as a token verification tool comparing it with its standard security procedure. In over half of the cases, the AI platform produced the same results as the manual review, but it also failed to recognize some high-risk assets. Chatgpt Approves 5 High-Risk…

Coinbase receives SEC Wells notice over possible violation of securities laws

Coinbase revealed that the company received a Wells Notice from the U.S. securities and exchange commission (SEC) indicating the regulator’s plan to carry out an enforcement action against the firm after investigations showed that Coinbase may have violated securities law.  SEC goes after Coinbase In a blog post from…

SEC Informs Crypto Exchange Coinbase of Potential Securities Law Violations

The U.S. Securities and Exchange Commission (SEC) has sent Coinbase a “Wells notice” about potential violations of securities law. The Nasdaq-listed cryptocurrency exchange noted that, unlike what SEC Chairman Gary Gensler said, the securities regulator “will not let crypto companies ‘come in and register.’” Coinbase CEO Brian Armstrong explained:…

Coinbase could face SEC enforcement action for ‘potential violations of securities law’

Crypto exchange Coinbase said it received a ‘Wells Notice’ from the United States Securities and Exchange Commission recommending the regulator take enforcement action. In a March 22 blog post, Coinbase said the “legal threat” could potentially target the exchange’s staking program Coinbase Earn, listed digital assets, its wallet, or…

Value Locked in Defi Rises Above $50 Billion Mark, Ethereum Dominates TVL by Blockchain

The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the range throughout most of March. At present, the value locked in defi is approximately $50.34 billion, up 1.97% over the past 24 hours. Defi Value Swells Close to 2%…

ARK Invest Sells Portion of Coinbase Shares

Cathie Wood’s investment management firm ARK Invest has sold a portion of its Coinbase shares as the stock sees significant growth in price. After three months of active buying, ARK made its first sale of Coinbase stock in 2023, accounting for 23% of all shares acquired in March and…

Cathie Wood’s ARK sells Coinbase stock for the first time in 2023

Cathie Wood’s investment management firm ARK Invest is moving to take profits from its Coinbase stash, selling the first batch of Coinbase stock this year. On March 21, ARK sold 160,887 Coinbase shares from its ARK Fintech Innovation exchange-traded fund (ARKF) for $13.5 million, according to an investor notification…

Cathie Wood’s ARK Invest takes profit on Coinbase shares

ARK Invest has sold 160,887 shares of Coinbase (COIN), taking advantage of the asset’s recent price surge. Coinbase’s Brian Armstrong has also sold over 59,000 COIN shares recently. ARK sells over 160k coinbase (COIN) shares  After several months of aggressively accumulating Coinbase (COIN) shares, Cathie Woods’s ARK Invest has…

Coinbase CEO dumped over 59k COIN shares over past few weeks

Coinbase CEO, Brian Armstrong, has been dumping Coinbase shares (COIN) over the past few weeks.  Coinbase CEO dumps over 59k shares  According to a crypto enthusiast and Twitter user Bitfinex’ed @Bitfinexed, the Coinbase head has recently been dumping tens of thousands of shares.  Apparently, Coinbase CEO Brian Armstrong, isn’t…

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