Coinbase Ireland was hit with a 3.25 million-euro ($3.6 million) fine from the country’s central bank over alleged breaches of its safeguarding and outsourcing obligations. The Irish division of cryptocurrency exchange Coinbase Global COIN$169.96 failed to establish an adequate outsourcing governance framework, the Central Bank… Read More
That’s where Abrams sees an opening. Open USD, he said, is designed for banking, cross-border payments, card settlement, institutional trading and lending, with an economic model built to reward the companies that drive supply and activity. “When are stablecoins successful? It’s when they recede into… Read More
There is one hurdle if Coinbase wants to run a trading venue directly under the exemption. Its exchanges use central limit order books, while the SEC framework is built around automated market makers (AMM). That means, the Goldman report noted, Coinbase would need new infrastructure… Read More
Bitcoin’s Coinbase COIN$171.98·Market Closed premium has fallen to its lowest level in four weeks, suggesting weakening U.S. demand as investors confront a setback for crypto legislation and the prospect of tighter monetary policy. The premium measures the difference between bitcoin’s dollar price on Coinbase and… Read More
Crypto stocks were a sea of red Tuesday afternoon after the Senate failed to advance the Clarity Act, dealing a major blow to an industry that has spent years — and hundreds of millions of dollars in campaign contributions — gunning for a comprehensive U.S. regulatory framework.… Read More
To Richmond, the delay isn’t about regulators moving slowly, but a structural difference between U.S. and Canadian frameworks. “It’s not necessarily just a regulatory thing; just the nature of the rules is different,” he said. Harmonized ‘national instrument’ While there is still work to be… Read More
