Coinbase Counters WSJ: Denies Running Trading Business
Crypto exchange Coinbase replied to a report from The Wall Street Journal about an alleged new trading venture. Since its debut as a publicly traded company in the United States, the company’s stock has moved in tandem with the crypto market recording a 75% loss on its equity. Related Reading: TALKING HEADS: What Does The […]
Related News
Two weeks ago, managing partner of Berns Weiss LLP Jeffrey K. Burns filed a motion to set aside the “John Doe” summons against any and all American Coinbase customers. Today, the IRS had an interesting response for Mr. Berns. IRS Counters: Berns’ ‘Motion is Moot’. The Bitcoin community has been somewhat justified in their disturbance over the recent “John Doe” summons against any and all American Coinbase customers a little over one month ago. Thusly, Coinbase is subject to this legislative tool used for retrieving bulk data from companies, rather than details of specific known customers,....
In a blog post, Coinbase said the WSJ seemed to confuse the nature of a transaction earlier this year made using money raised through a structured note that was later sold. The Wall Street Journal and Coinbase are having a difference in definitions. The newspaper published an alleged account of the digital asset exchange’s trading activities earlier this year that it claims amount to proprietary trading. Coinbase responded in a blog post that it had done no such thing.Relying on information supplied by “people at the company,” the WSJ wrote on Thursday that Coinbase made a $100-million....
The mea culpa was mum on Coinbase's broader troubles in keeping global trading running smoothly.
Coinbase/GDAX joins a very long list of Bitcoin exchanges who have added Ethereum in the past. Exciting times are ahead for Coinbase customers and Ethereum enthusiasts, as the exchange platform will support ETH trading soon. Additionally, the company will rebrand to GDAX, and the new website and logo will be coming soon. GDAX Rebrand and Ethereum Trading. Similar to most other Bitcoin exchanges in the world, there seems to be an overwhelming demand from customers to trade Ethereum on the Coinbase platform. In doing so, the company joins a very long list, and they have been one of the last....
Coinbase clarified that the crypto exchange was not selling its users’ data and highlighted that it only provides information for investigations of financial crimes. Crypto exchange platform Coinbase denied reports alleging that the company is selling its customer information to the United States Immigration and Customs Enforcement (ICE), an agency that works under the country’s Department of Homeland Security. On Thursday, news that Coinbase has been providing geolocation data to the ICE has circulated online. Because of this, Twitter users like Solobase Mac were shocked and noted that....