Coinbase chief legal officer responds to cbBTC service terms fears
Coinbase’s cbBTC is backed at a 1:1 ratio with Bitcoin, which serves as the underlying asset for the tokenized BTC wrapper. Go to Source
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Coinbase’s cbBTC wrapped Bitcoin coming to Solana — Breakpoint 2024
Wrapped Bitcoin products allow users to retain asset control while using Bitcoin as collateral for decentralized finance applications. Go to Source
Cryptoquant: Coinbase’s cbBTC Could Challenge Bitgo in Wrapped Bitcoin Market
This week, Cryptoquant researchers highlighted a new rivalry heating up in the wrapped bitcoin market, with Coinbase’s cbBTC stepping up to challenge Bitgo’s long-established reign. Coinbase’s Wrapped Bitcoin Token cbBTC Shakes Up Market Coinbase introduced its wrapped bitcoin token, cbBTC, in mid-September 2024, and it has swiftly expanded to a supply of 1,670 cbBTC, according … Read more
Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week
According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch. Go to Source
SEC asks court for four months to produce documents for Coinbase
The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase. Go to Source
Bitcoin Taps $63K After Fed Rate Cut Sparks Market Rally
Bitcoin reached an intraday peak of $63,227 on Thursday, following the U.S. Federal Reserve’s decision to lower the benchmark interest rate by 50 basis points the previous day. The entire cryptocurrency market has gained over 5%, and in the past 24 hours, global trading volume jumped by 26.92%. Crypto Market Surges 5%, Stocks Rise, Gold … Read more
Ex-Coinbase execs to launch exchange using PayPal stablecoin for settlement
Founders who used to work at Coinbase, Circle and Goldman Sachs teamed up to create an exchange that will use PayPal USD as its main settlement currency. Go to Source
Kraken denies SEC claims, argues digital assets aren’t securities: Law Decoded
Kraken rejects the SEC’s securities allegations, Brazil lifts the freeze on Starlink’s bank account, the UK clarifies crypto property rights, and Coinbase backs NFT’s legal defense. Go to Source
SEC Regrets Confusion Over ‘Crypto Asset Securities’ — Ripple and Coinbase Weigh In
Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s amended complaint against Binance, where the agency admitted creating confusion by labeling tokens as securities. He also pointed out the … Read more
Coinbase’s ‘Stand With Crypto’ creates NFT legal defense fund
Coinbase has emerged as a vocal advocate for the crypto industry in the face of ongoing regulatory crackdowns in the United States. Go to Source