Coinbase Shelves ‘Lend’ Amid SEC Pushback
Having to scrap the lending program "is a major blow for Coinbase as the firm tries to diversify revenue beyond its trading fees.”
Coinbase Clashing With SEC Over Lending Platform
“If we end up in court we may finally get the regulatory clarity the SEC refuses to provide,” Coinbase CEO Brian Armstrong says.
Coinbase Amasses $4B War Chest
Almost all of Coinbase’s revenue comes from trading fees, meaning that price volatility in crypto markets came as a boon to its trading business.
Coinbase Shares Hit $100B Valuation on Debut
The cryptocurrency exchange's buoyancy is tied to the crypto frenzy, as most cryptocurrencies are seeing irrational exuberance.
Coinbase Fined $6M Over Crypto Trade Reporting
The CFTC says the exchange misrepresented the volume and liquidity of digital assets including bitcoin on its GDAX cryptocurrency exchange platform.
CFOs on the Move: Week Ending April 20
PerkinElmer, Houston Wire & Cable, APCO, Stepan, CAN Capital, Advance Auto Parts, Samson Resources, Connection, Matheson Trucking, Coinbase
Coinbase Names Alesia Haas as First CFO
The current finance chief of hedge fund Och-Ziff is leaving Wall Street for fintech at "a critical moment for the cryptocurrency industry."
Bitcoin Users May Be Cheating on Taxes
An IRS investigation finds only a tiny percentage of virtual currency owners are declaring earnings on Bitcoin transactions in their annual returns.
Consumer Doubts Remain Obstacle to Bitcoin Growth
Big names are allowing customers to pay with the cryptocurrency, but the amount of daily retail transactions is still very low.