[Zilidium]

Customers will no longer be able to use debit cards or bank transfers to purchase cryptocurrencies in order to protect their funds against fraudulent activity. This measure reflects a cautious and protective approach amid the growing number of crypto frauds in the UK.

Not earth shattering IMHO.

[Investors3]

Crypto this Tuesday: Chase UK Bans Crypto Transactions, Coinbase Registers with Bank of Spain, and more
September 26 2023 - 02:30PM
IH Market News

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/92129514/crypto-this-tuesday-chase-uk-bans-crypto-transact

[Investors3]

Coinbase CEO champions DeFi, calls for court action to set legal precedent
AMAKA NWAOKOCHA
SEP 14, 2023

Coinbase CEO Brian Armstrong cautioned the United States Commodities and Futures Trading Commission to avoid taking enforcement actions against DeFi protocols.

Coinbase CEO Brian Armstrong has expressed his endorsement of decentralized finance (DeFi) protocols. In a recent social media post, Armstrong urged DeFi protocols to consider legal proceedings in court to set a precedent, as the legal system has consistently demonstrated its dedication to upholding the rule of law. The current approach is mainly pushing a crucial industry toward overseas jurisdictions, he said.

According to his post on X (formerly Twitter), the United States Commodities and Futures Trading Commission should avoid taking enforcement actions against DeFi protocols, as they do not function as conventional financial service businesses, and it’s questionable whether the Commodity Exchange Act is even applicable to them.

Brian Armstrong 🛡️
@brian_armstrong
The CFTC should not be creating enforcement actions against decentralized (DeFi) protocols. These are not financial service businesses, and it’s highly unlikely the Commodity Exchange Act even applies to them.

My hope is these DeFi protocols take these cases to court to establish precedent. The courts have proven to be very willing to uphold rule of law.

The only thing this is accomplishing is to push an important industry offshore.

In the previous week, the U.S. CFTC took action against three DeFi companies for engaging in alleged unauthorized trading of cryptocurrency derivatives. According to the regulator, these platforms enabled the illicit trading of crypto derivatives without the necessary registration.

In addition to Armstrong, certain legislators have also shown their support for DeFi protocols. CFTC Commissioner Summer Mersinger underscored the importance of the CFTC concentrating on establishing transparent regulations for DeFi rather than swiftly resorting to enforcement measures. She voiced her apprehension that the commission appears to be leaning toward enforcement actions, whereas she believes that engaging with the public and setting clear guidelines should be the primary focus.

The U.S. CFTC recently achieved a legal triumph in a case against Ooki DAO for operating an illicit trading platform and contravening other regulatory guidelines. In June 2023, a federal judge similarly ruled in favor of the CFTC, resulting in the closure of Ooki DAO and the imposition of a fine exceeding $600,000.

In recent months, cryptocurrency companies have encountered increased scrutiny from U.S. regulatory authorities. Notably, regulatory bodies such as the U.S. Securities and Exchange Commission have initiated investigations into major players, such as Coinbase and Binance.

https://cointelegraph.com/news/coinbase-ceo-champions-de-fi-urges-court-action-to-set-legal-precedent

[Investors3]

FTX founder’s parents sued, accused of stealing millions from crypto exchange
HELEN PARTZ
11 HOURS AGO

According to the allegations, Sam Bankman-Fried’s father, Joseph Bankman, was a “de facto officer” at FTX Group.

Debtors of the bankrupt cryptocurrency exchange FTX have launched legal action against the parents of FTX founder Sam “SBF” Bankman-Fried, alleging that they misappropriated millions of dollars through their involvement in the exchange’s business.

The counsel for FTX debtors and debtors-in-possession, represented by the law firm Sullivan & Cromwell, filed a lawsuit against SBF’s parents, Joseph Bankman and Barbara Fried, on Sept. 18.

The plaintiffs argued that Bankman and Fried exploited their access and influence within the FTX empire to enrich themselves at the expense of the debtors in the FTX bankruptcy estate. The debtors alleged that SBF’s parents were “very much involved” in the FTX business from inception to collapse, contrary to what SBF has claimed.

“As early as 2018, Bankman described Alameda as a ‘family business’ — a phrase he repeatedly used to refer to the FTX Group. Even as the FTX Group descended into insolvency, Bankman and Fried profited handsomely from this ‘family business,’” the complaint reads.

According to the plaintiffs, SBF’s father, a Stanford Law School professor, had broad authority to make decisions for FTX Group as its “de facto officer.” Bankman also held executive positions on FTX Group’s management team, the debtors argued.

SBF’s mother, also a Stanford Law School professor, was actively involved in FTX’s political donations, the plaintiffs wrote. According to the allegations, Fried served as the “single most influential advisor” in FTX Group’s political contributions, repeatedly calling upon FTX to donate millions directly to Mind the Gap (MTG), a political action committee that she co-founded.

According to the complaint, Bankman and Fried extracted significant unearned rewards from their involvement in FTX Group, including a $10-million cash gift and a $16.4-million luxury property in the Bahamas. Bankman also siphoned off FTX Group’s money to cover costs, including privately chartered jets and $1,200-per-night hotel stays, the plaintiffs alleged.

By draining FTX Group’s funds to their benefit, Bankman and Fried either knew or ignored red flags revealing that their son was orchestrating a fraudulent scheme to promote their personal and charitable interests at the debtors’ cost, the plaintiffs said. The debtors called on the court to hold Bankman and Fried accountable for their misconduct and recover assets for the debtors’ creditors, stating:

“Award plaintiffs punitive damages in an amount to be determined at trial resulting from defendants’ conscious, willful, wanton, and malicious conduct, which exhibits a reckless disregard for the interests of plaintiffs and their creditors.”

Bankman and Fried's counsels Sean Hecker and Michael Tremonte subsequently described the lawsuit as an attempt to "undermine the jury process just days before their child’s trial begins" in a joint statement to Cointelegraph. They wrote:

"These claims are completely false. Mr. Ray and his massive team of lawyers, who are collectively running up countless millions of dollars in fees while returning relatively little to FTX clients, know better."

As previously reported, Bankman and Fried began facing professional issues at Stanford Law School soon after FTX collapsed. In late 2022, SBF’s parents also reportedly told friends that their son’s legal bills would likely wipe them out financially.

Once a major cryptocurrency exchange, FTX stopped operating and filed for Chapter 11 bankruptcy in mid-November 2022. FTX founder and former CEO SBF was subsequently arrested and charged with 13 counts, including fraud, money laundering and bribing officials. SBF’s first of two trials is scheduled to start on Oct. 3, where he will face seven charges related to fraudulent activities involving user funds at FTX and Alameda Research.

https://cointelegraph.com/news/ftx-founder-parents-sued-accused-stole-millions

[BottomBounce]

FDIC says crypto-assets pose 'novel and complex' risks to the U.S. banking industry $COIN

[Investors3]

Coinbase Announces Interim Results and Extension and Upsizing of Cash Tender Offer for its Outstanding 3.625% Senior Notes Due 2031September 05 2023 - 08:30AM
Business Wire

Coinbase Global, Inc. (the “Company” or “Coinbase”) today announced interim results of its previously announced offer to purchase for cash (the “Tender Offer”) a portion of its 3.625% Senior Notes due 2031 (the “Notes”).

The Company also announced that it has amended the terms of the Tender Offer to (i) increase the amount of Notes that may be purchased in the Tender Offer from a maximum aggregate purchase price of $150,000,000 to a maximum aggregate purchase price of $180,000,000 (excluding accrued and unpaid interest) (as amended, the “Maximum Tender Amount”) and (ii) extend the expiration date of the Tender Offer from 11:59 p.m., New York City time, on September 1, 2023 to 11:59 p.m., New York City time, on September 18, 2023 (as so extended, the “Expiration Time”).

The Company expects to accept for payment and make payment on September 6, 2023 (the “Interim Settlement Date”) with respect to all Notes validly tendered after 5:00 p.m., New York City time, on August 18, 2023 (the “Early Tender Time”), but at or prior to 11:59 p.m., New York City time, on September 1, 2023 (the “Interim Expiration Time”), subject to the conditions set forth in the Company’s offer to purchase, dated August 7, 2023 (as amended, the “Offer to Purchase”).

Holders of the Notes (“Holders”) who validly tendered their Notes after the Early Tender Time but at or prior to the Interim Expiration Time, in the manner described in the Offer to Purchase, are eligible to receive the Total Consideration (as defined below) for the Notes accepted for purchase. Holders will also receive accrued and unpaid interest on their Notes validly tendered and accepted for purchase from the most recent interest payment date for the Notes up to, but not including, the Interim Settlement Date. No further action is required to be taken by Holders who have already validly tendered their Notes in order to receive the Total Consideration (as defined below), plus accrued and unpaid interest, on the Interim Settlement Date.

As of the Early Tender Time, holders of $50,034,000 aggregate principal amount of the Notes had validly tendered and not validly withdrawn their Notes. On August 22, 2023 (the “Early Settlement Date”), the Company accepted for purchase $50,034,000 aggregate principal amount of the Notes. According to information provided by Global Bondholder Services Corporation, the tender and information agent for the Tender Offer (the “Tender and Information Agent”), following the Early Tender Time, but at or prior to the Interim Expiration Time, an additional $211,062,000 in aggregate principal amount of the Notes were validly tendered. Together with the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time, a total of $261,096,000 in aggregate principal amount outstanding of the Notes were validly tendered at or prior to the Interim Expiration Time. As previously announced, Holders who validly tendered their Notes at or prior to the Interim Expiration Time are eligible to receive $675.00 per $1,000 principal amount of Notes validly tendered (the “Total Consideration”).

The following table sets forth certain information relating to the tender offer:

Issuer


Title of Security


CUSIP Number/ ISIN (1)


Aggregate Principal Amount Outstanding (2)


Aggregate Principal Amount Tendered after Early Tender Time (2)


Aggregate Principal Amount Expected to be Accepted for Purchase on Interim Settlement Date (3)


Aggregate Amount to be Paid (4)


Total Consideration (5)

Coinbase Global, Inc.


3.625% Senior Notes Due 2031


144A CUSIP/ISIN: 19260Q AD9 / US19260QAD97 Regulation S CUSIP/ISIN: U19328 AB6 / USU19328AB62


$1,000,000,000


$211,062,000


$211,062,000


$145,761,029


$675.00

__________

(1) CUSIP information is provided for the convenience of Holders. No representation is made as to the correctness or accuracy of such numbers.

(2) As of the Interim Expiration Time and not including Notes accepted for purchase by the Company on the Early Settlement Date.

(3) Not including Notes accepted for purchase by the Company on the Early Settlement Date. Subject to satisfaction or waiver of the conditions set forth in the Offer to Purchase, the Company anticipates that Notes tendered after the Early Tender Time, but at or prior to the Interim Expiration Time, will be accepted for purchase on the Interim Settlement Date. However, there can be no assurance that the conditions set forth in the Offer to Purchase will be satisfied or waived.

(4) With respect to Notes accepted for purchase by the Company on the Interim Settlement Date, inclusive of accrued and unpaid interest, and not including Notes accepted for purchase by the Company on the Early Settlement Date.

(5) Per $1,000 principal amount of Notes validly tendered and accepted.

Withdrawal rights for the Tender Offer expired at 5:00 p.m., New York City time, on August 18, 2023. The Tender Offer will expire at 11:59 p.m., New York City time, at the Expiration Time.

The amount of Notes that may be purchased in the Tender Offer is subject to the Maximum Tender Amount. Subject to the remaining capacity under the Maximum Tender Amount, and proration if applicable, Holders who validly tender Notes after the Interim Expiration Time but prior to or at the Expiration Time, and whose Notes are accepted for purchase, will be eligible to receive the Total Consideration, plus accrued and unpaid interest. No tenders will be valid if submitted after the Expiration Time. Payment for the Notes that are validly tendered prior to or at the Expiration Time and that are accepted for purchase will be made on a date promptly following the Expiration Time, which is currently anticipated to be September 20, 2023, the second business day after the Expiration Time.

Except as described herein, other terms of the previously announced Tender Offer remain unchanged. Holders of Notes should read carefully and in its entirety the Offer to Purchase before deciding to tender their Notes.

Citigroup Global Markets Inc. is serving as Dealer Manager for the Tender Offer. Questions regarding the Tender Offer should be directed to Citigroup Global Markets Inc. at [phone] (U.S. toll-free) and [phone] (New York). Copies of documents relating to the Tender Offer may be obtained from the Tender and Information Agent at http://www.gbsc-usa.com/coin, or by telephone at [phone] or [phone].

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. This press release does not describe all the material terms of the Tender Offer, and no decision should be made by any Holder on the basis of this press release. The Offer to Purchase contains important information which should be read carefully before any decision is made with respect to the Tender Offer.

Disclaimer

None of the Company, the Dealer Manager, the Tender and Information Agent or the trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether Holders should or should not tender any Notes in response to the Tender Offer or expressing any opinion as to whether the terms of the Tender Offer are fair to any Holder. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amount of Notes to tender. Please refer to the Offer to Purchase for a description of the offer terms, conditions, disclaimers and other information applicable to the Tender Offer.

About Coinbase

Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The Company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” including, among other things, statements relating to the anticipated cash expenditure to consummate the Tender Offer, as well as the completion, timing and size of the Tender Offer. Statements containing words such as “could,” “believe,” “expect,” “intend,” “will,” or similar expressions constitute forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those described in such forward-looking statements, including those described in the “Risk Factors” section of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 and other filings with the Securities and Exchange Commission. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks that could have an impact on any forward-looking statements contained herein. Forward-looking statements in this press release are based on the Company’s beliefs and assumptions and on information available to the Company’s management as of the date they are made. Investors should not place undue reliance on any such forward-looking statements. Except as may be required by law, the Company undertakes no obligation, and does not intend, to update these forward-looking statements after the date of this press release.



View source version on businesswire.com: https://www.businesswire.com/news/home/20230905705266/en/

Press: [e-mail]
Investors: [e-mail]

https://investorshub.advfn.com/secure/post_new.aspx?board_id=39377

[Investors3]

Crypto This Tuesday: Coinbase Buys Part of Circle, Phantom Introduces Simplified Solana Login, and More
August 22 2023 - 04:04PM
IH Market News

Coinbase acquires Circle stake, overhauls USDC governance

Coinbase (NASDAQ:COIN) announces the acquisition of an equity interest in Circle (COIN:USDCUSD) and the end of the Center Consortium, co-manager of USDC. With the regulatory evolution of stablecoins, the need for Center has reduced. Circle will have full control of USDC, which will expand to six more blockchains. Both companies will continue to profit from USDC interest and will split these earnings equally.

Federal judge sanctions Tornado Cash linked to Coinbase

A federal judge has dismissed the challenge by Coinbase-backed investors and developers against sanctions imposed on Tornado Cash by the US Treasury Department. The decision highlighted that Tornado Cash, used by North Korea for cryptocurrency laundering, had a Decentralized Autonomous Organization (DAO) that could be sanctioned. The ruling sets a precedent for how DAOs can be dealt with in court.

EDX Markets announces partnership with Anchorage Digital for custody
EDX Markets, an institutional cryptocurrency exchange launched in 2023, has joined forces with Anchorage Digital for custody in its new division, EDX Clearing. Aiming to combine traditional financial structures with digital assets, the partnership celebrates the security and compliance of Anchorage, a crypto bank recognized by the US government. Both entities aim to improve efficiency and security in digital asset settlement operations.

Tether expands Lugano’s blockchain infrastructure in new partnership
Tether (COIN:USDTUSD), the issuer of the USDT stablecoin, has partnered with the Swiss city of Lugano to strengthen the city’s blockchain infrastructure. This collaboration includes managing a validator node with 3Achain from Lugano, which underpins the local stablecoin LVGA. The joint initiative, called Plan ?, seeks to expand the use of blockchain technology in Lugano, from everyday transactions to payments for municipal services, solidifying the city as the region’s blockchain capital.

World Mobile expands decentralized mobile internet service
World Mobile (COIN:WMTUST), a decentralized mobile internet provider, has expanded its availability to Android devices in countries including the US, UK, Canada and Australia. Using blockchain and other technologies, it aims to offer low-cost internet access. The application, which allows the conversion of coins into WMT tokens and operates on the Cardano blockchain, also announced a partnership with SingularityNET to leverage artificial intelligence solutions in customer service.

Starkware releases cryptographic software tool for Ethereum blockchain
Starkware, developer of the Ethereum StarkNet blockchain, has announced that it will make public the code of its cryptographic tool, formerly known as STARK Prover and now renamed Stone, on August 31. The tool, essential for compressing transactions and generating cryptographic proofs, aims to optimize the Ethereum blockchain. By making the code available, Starkware hopes to improve quality, increase transparency, and allow for community detections and optimizations.

Elusiv launches private trading in Solana
The Elusiv protocol introduced a “private token swaps” feature in Solana, allowing crypto exchanges without revealing public wallet addresses. Through the Elusiv app, users deposit funds into a private balance before transactions, using zero-knowledge proofs. Anatoly Yakovenko, co-founder of Solana, highlighted the platform’s combination of privacy and efficiency: “ Elusiv Privacy represents the future of blockchain transactions – achieving a perfect combination of zero-knowledge privacy, efficiency and instant settlement ”.

Phantom launches simplified authentication with “Sign In With Solana”
Popular Crypto and NFT wallet app Phantom has introduced a “Sign In With Solana” (SIWS) feature, offering users easier and more secure authentication with a single click. This method aims to eliminate cumbersome authentication and improve the user experience by addressing concerns about inconsistent authentication processes across different applications. The initiative was developed in collaboration with Solana Labs.

Mantle bets 40,000 ETH on Lido after governance decision
Tier 2 network Mantle has staked 40,000 ETH on the Lido staking protocol, valued at around $66 million, following a governance vote on the management of its treasury. With a treasure valued at more than $3.2 billion, the community now has the autonomy to decide on treasure strategies. Mantle has recently introduced its mainnet technology, looking to compete with competitors such as Arbitrum and Optimism.

Friend.tech privacy breach exposes user data
Friend.tech was the victim of a breach that exposed information on over 101,000 users. Banteg, contributor to the DeFi Yearn Finance project, revealed details including wallet addresses and Twitter usernames. The loophole revealed that users could have allowed the platform to post under their names. Although Friend.tech argues that the data was already public, privacy concerns are growing, especially as the platform has gained prominence, accumulating expressive fees recently.

FTX founder defends himself against fraud allegations
Sam Bankman-Fried, founder of FTX, has pleaded not guilty in Manhattan court to charges of fraud, conspiracy and misuse of client funds. The allegations include siphoning off billions to cover losses in his hedge fund and fund political contributions. While Bankman-Fried’s defense pursues a strategy based on “legal advice”, the trial is scheduled for October, with the cryptocurrency industry watching closely.

Thailand threatens to shut down Facebook operations over fraudulent cryptocurrency ads
Thai authorities have warned Facebook about fraudulent cryptocurrency ads, threatening to shut down its court operations in the country. Thailand’s Ministry of Economy and Digital Society has asked Meta (NASDAQ:META), which owns Facebook, to block more than 5,301 misleading ads and pages. The government criticized Facebook for allowing fake ads and stressed that the platform must show accountability. Despite Meta detection measures using AI, scams continue to proliferate.

Former Chinese official sentenced to life in prison for corruption linked to cryptocurrency mining
Yi Xiao, a former official from Jiangxi province, was sentenced to life imprisonment after being accused of abusing his power in activities related to cryptocurrency mining and accepting bribes of more than $17.1 million. During his tenure in Fuzhou, Xiao assisted mining companies, causing substantial losses to public property.

Oman boosts digital economy with new mining hub
Oman opened its second $150 million digital assets mining facility in the Salalah Free Trade Zone, seeking to diversify its oil-based economy. Operated in partnership with Exahertz and Woonwalk Systems, the center will use technology from Bitmain and plans to expand its capacity in the coming months. This step is part of Oman’s efforts to become a blockchain hub, reflecting investment trends across the Middle East region.

Maple Finance to expand into Asia after $5M investment
Blockchain-based lending platform Maple Finance has raised $5 million for expansion in the Asia-Pacific region. Led by BlockTower Capital and Tioga Capital, the round was attended by Cherry Ventures, GSR Ventures and others. Sidney Powell, CEO of Maple, highlighted plans to leverage the company’s technology at APAC, focusing on markets such as Singapore and Japan. This decision highlights Asia’s growing role in the digital asset industry, particularly given regulatory developments in the region.

Binance Labs invests $2.2 million in Delphinus Lab for ZK development
Binance Labs, the venture capital arm of Binance, invested $2.2 million in Delphinus Lab to support the development of its zkWASM Hub platform. The platform, part of ZK-proof technology, will facilitate decentralized application development by combining Web2 robustness with Web3 decentralized features. This infrastructure will help developers to launch WASM-enabled applications, enhancing application security and privacy in a multi-chain environment.

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/91874950/crypto-this-tuesday-coinbase-buys-part-of-circle

[Investors3]

Coinbase Announces Early Tender Results and an Increase in Consideration in Connection with Cash Tender Offer for Up to $150.0 Million Aggregate Purchase Price of its Outstanding 3.625% Senior Notes Due 2031
August 21 2023 - 09:00AM
Business Wire

Coinbase Global, Inc. (the “Company” or “Coinbase”) today announced the early tender results of its previously announced offer to purchase for cash (the “Tender Offer”) up to $150.0 million in aggregate purchase price (the “Maximum Tender Amount”), excluding accrued and unpaid interest, of its 3.625% Senior Notes due 2031 (the “Notes”).

The Company also announced that it has amended the terms of the Tender Offer to increase each of the Total Consideration and the Tender Consideration (as each term is defined in the Company’s offer to purchase, dated August 7, 2023 (the “Offer to Purchase”)) per $1,000 principal amount of Notes tendered and accepted for purchase pursuant to the Offer to Purchase to $675.00 (the “Amended Consideration”), which increase applies to all Notes that have been, or will be, tendered (and not validly withdrawn) and accepted for purchase (and, accordingly, to eliminate the Early Tender Premium (as defined in the Offer to Purchase)).

Certain information regarding the Notes and the Tender Offer, including (i) the Amended Consideration and (ii) the aggregate principal amount of Notes that was validly tendered as of 5:00 p.m., New York City time, on August 18, 2023 (the “Early Tender Time”), according to Global Bondholder Services Corporation, the tender and information agent for the Tender Offer (the “Tender and Information Agent”), is set forth in the table below:

Issuer

Title of Security

CUSIP Number/ ISIN (1)

Aggregate Principal Amount Outstanding (2)

Aggregate Principal Amount Tendered (2)

Aggregate Principal Amount Expected to be Accepted for Purchase (3)

Aggregate Amount to be Paid (4)

Amended Consideration (5)

Coinbase Global, Inc.

3.625% Senior Notes Due 2031

144A CUSIP/ISIN: 19260Q AD9 / US19260QAD97 Regulation S CUSIP/ISIN: U19328 AB6 / USU19328AB62

$1,000,000,000

$50,034,000

$50,034,000

$34,483,329

$675.00

(1) CUSIP information is provided for the convenience of Holders (as defined below). No representation is made as to the correctness or accuracy of such numbers.

(2) As of the Early Tender Time.

(3) Subject to satisfaction or waiver of the conditions set forth in the Offer to Purchase (as defined below), the Company anticipates that Notes tendered as of the Early Tender Time will be accepted for purchase in accordance with the terms of the Tender Offer, as amended, on August 22, 2023 (the “Early Settlement Date”). However, there can be no assurance that the conditions set forth in the Offer to Purchase will be satisfied or waived.

(4) With respect to Notes accepted for purchase on the Early Settlement Date and inclusive of accrued and unpaid interest.

(5) Per $1,000 principal amount of Notes validly tendered and accepted.
Withdrawal rights for the Tender Offer expired at 5:00 p.m., New York City time, on August 18, 2023. The Tender Offer will expire at 11:59 p.m., New York City time, on September 1, 2023 (such date, as may be extended, the “Expiration Time”).

Holders of Notes (“Holders”) who validly tendered and did not validly withdraw their Notes at or prior to the Early Tender Time are eligible to receive the Amended Consideration for the Notes accepted for purchase. Holders of Notes will also receive accrued and unpaid interest on their Notes validly tendered and accepted for purchase from the most recent interest payment date for the Notes up to, but not including, the Early Settlement Date.

The Company expects to pay for the Notes that were validly tendered at or prior to the Early Tender Time and that are accepted for purchase on the Early Settlement Date. No further action is required to be taken by Holders who have already validly tendered and not validly withdrawn their Notes in order to receive the Amended Consideration, plus accrued and unpaid interest, on the Early Settlement Date.

The amount of Notes that may be purchased in the Tender Offer is subject to the Maximum Tender Amount. Subject to the remaining capacity under the Maximum Tender Amount, and proration if applicable, Holders who validly tender Notes after the Early Tender Time but prior to or at the Expiration Time, and whose Notes are accepted for purchase, will be eligible to receive the Amended Consideration, plus accrued and unpaid interest. No tenders will be valid if submitted after the Expiration Time. Payment for the Notes that are validly tendered prior to or at the Expiration Time and that are accepted for purchase will be made on a date promptly following the Expiration Time, which is currently anticipated to be September 6, 2023, the second business day after the Expiration Time.

Except as described herein, other terms of the previously announced Tender Offer remain unchanged. Holders of Notes should read carefully and in its entirety the Offer to Purchase before deciding to tender or withdraw their Notes, as applicable.

The Company has engaged Citigroup Global Markets Inc. to serve as Dealer Manager for the Tender Offer. Questions regarding the Tender Offer should be directed to Citigroup Global Markets Inc. at [phone] (U.S. toll-free) and [phone] (New York). Copies of documents relating to the Tender Offer may be obtained from the Tender and Information Agent at http://www.gbsc-usa.com/coin, or by telephone at [phone] or [phone].

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. This press release does not describe all the material terms of the Tender Offer, and no decision should be made by any Holder on the basis of this press release. The Offer to Purchase contains important information which should be read carefully before any decision is made with respect to the Tender Offer.

Disclaimer

None of the Company, the Dealer Manager, the Tender and Information Agent or the trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether Holders should or should not tender any Notes in response to the Tender Offer or expressing any opinion as to whether the terms of the Tender Offer are fair to any Holder. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amount of Notes to tender. Please refer to the Offer to Purchase for a description of the offer terms, conditions, disclaimers and other information applicable to the Tender Offer.

About Coinbase

Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. The Company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” including, among other things, statements relating to the anticipated cash expenditure to consummate the Tender Offer, as well as the completion, timing and size of the Tender Offer. Statements containing words such as “could,” “believe,” “expect,” “intend,” “will,” or similar expressions constitute forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those described in such forward-looking statements, including those described in the “Risk Factors” section of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 and other filings with the Securities and Exchange Commission. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks that could have an impact on any forward-looking statements contained herein. Forward-looking statements in this press release are based on the Company’s beliefs and assumptions and on information available to the Company’s management as of the date they are made. Investors should not place undue reliance on any such forward-looking statements. Except as may be required by law, the Company undertakes no obligation, and does not intend, to update these forward-looking statements after the date of this press release.



View source version on businesswire.com: https://www.businesswire.com/news/home/20230821941024/en/

Press: [e-mail]
Investors: [e-mail]

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/91862688/coinbase-announces-early-tender-results-and-an-inc

[TheFinalCD]

shorted 74.90 74.74 missed above 75

[Investors3]

From the U.S. to Japan, regulators are beginning to embrace crypto
ANDREW SINGER
AUG 16, 2023

Switzerland, Singapore and the EU have taken the early regulatory lead, but Japan and the UAE are coming on now. Even the U.S. may be awakening.

When it comes to cryptocurrency/blockchain regulation, considerable attention has been focused, this past year, on the United States' action (or inaction). But the U.S. is not the world, just one important player, and crypto, from its beginnings, has been a global enterprise.

Perhaps, then, it makes sense to step back and ask: What is going on with crypto regulation when viewed through a global lens?

For instance, how do geographic regions such as Europe, Asia and North America compare in terms of crypto legislation, rules and enforcement? Is there any single country or jurisdiction that could serve as an exemplar for regulation? How is the developing world dealing with all this variation? And finally, are there reasons to be hopeful about the way regulatory trends are now unfolding?

If one focuses solely on the negative — the tide of crypto-related collapses, bankruptcies and enforcement actions in the United States this past year — a skewed picture can emerge. Progress in places like Europe might be overlooked, like the European Union’s recent adoption of its Markets in Crypto-Assets (MiCA) regulatory framework.

“Through MiCA, the European Union has been a global model by offering the much needed regulatory clarity that crypto businesses of varying sizes and business models would need,” Caroline Malcolm, vice president of global Policy at Chainalysis, told Cointelegraph, adding:

“Regulatory clarity and consistent implementation of rules will allow businesses to devise their operational program.”

Nor is Europe necessarily alone in pursuing a forward-looking path. “There is massive momentum on achieving regulatory clarity for digital assets across the world, whether that be in the U.S., Singapore, the UAE or others,” Malcolm said.

A fragmented world

Despite some promising trends, global crypto regulation — laws, rules, enforcement, taxation, etc. — remains a mixed bag.

“There's a lot of fragmentation when it comes to regulation depending on the jurisdictions and geographical areas,” Bertrand Perez, CEO of the Web3 Foundation, told Cointelegraph in an interview earlier this week.

“In the U.S. we know, we know what's happening or what is not happening over there,” continued Perez, who earlier served as chief operations officer at the Diem Association (formerly Libra, Facebook’s high-profile but ultimately failed stablecoin experiment).

Europe’s MiCA regulations, by comparison, focus on stablecoins. Indeed, MiCA is the EU’s “answer to the Libra project,” Perez said.

Significantly, the Europeans recognize that one can’t have a single regulatory framework for everything crypto, he added. MiCA is step one, “but then they've been slicing the use cases.” There will eventually be another regulatory framework for nonfungible tokens and another for metaverse-related use cases.

The EU doesn’t hold a monopoly on progressive thinking either. Switzerland, which is not an EU member, was the first country to develop a clear crypto framework back in 2018.

The Swiss regulatory scheme separates tokens into three categories: security (a.k.a. “asset”) tokens, utility tokens and payment tokens, and also provides a number of licensing schemes dependent on the project's structure.

In the U.S., by comparison, the Securities and Exchange Commission appears to have categorized all digital tokens — with the possible exception of Bitcoin — as security tokens. But in Switzerland, according to Perez:

“If you are a utility token and or if you're a security token, the rules of the road are completely different from the regulation perspective.”

The legal certainty that Switzerland has offered for several years now is the reason that so many crypto-related foundations and companies are based there and the reason so much Web3 innovation comes out of that country, he said. The Web3 Foundation, creator of the Polkadot protocol, is based in Zug, Switzerland.

Historically, Singapore followed Switzerland’s lead, and for a while, those two venues stood alone in terms of crypto rule-making clarity. “In 2019, when we announced Libra, there were those two choices, either Switzerland or Singapore, in terms of regulation,” Perez recalled. “The two countries were clearly leading the pack and having clear frameworks that were well defined.”

The evolving case of Japan

Today, there are more approaches. “In Asia as a geographical area, every country is having a different approach” to regulation, Perez continued.

However, Japan is one jurisdiction that is attracting more attention than the others. Japan was formerly the home of Mt. Gox, which was the subject of crypto’s first mega scandal. When that cryptocurrency exchange collapsed in 2014, it arguably made Japan crypto-wary. But if so, the island nation seems to be emerging from its isolation now — at least based on discussions Perez and others have held there recently.

“Japan is still a land of many innovations,” he reported. Indeed, at the WebX conference held in Tokyo in late July, Japanese Prime Minister Fumio Kishida announced, “Web3 is part of the new form of capitalism,” adding that it would be a vital element of Japan's economic strategy, centered on growth, innovation, wealth distribution, digital transformation and the support of startups.

“The Prime Minister announced that basically he is welcoming Web3 to Japan, where a year ago or even a few months ago it wasn’t clear if they were supportive or not,” Perez told Cointelegraph. “Now it's clear and the rules are going to be as business friendly as possible.”

Japan wanted to develop and implement clear and well-defined rules of the road for cryptocurrencies before it opened its gates again after Mt. Gox, Perez suggested, and they have those now. As he further noted:

“Japan’s crypto exchanges are the safest in the world now because the regulation is very strong. And now they are broadening their reach and welcoming broader [crypto] use cases.”

The most progressive G7 nation?

Elsewhere, China has been in the process of launching its digital yuan, becoming “the first country to have a central bank digital currency at scale,” according to Perez. Meanwhile, Dubai, the most populous city in the United Arab Emirates, is now “really pushing hard” in the crypto sphere “to attract not only capital but also skills from all around the world,” said Perez.

Asked to rank the largest Western countries in terms of regulatory crypto foresightedness, Perez put the European countries ahead of Japan, with the U.S. bringing up the rear. Within the EU, he would place his native France at the forefront, given that it is “the first European country to clearly implement the MiCA framework ahead of the law being enforced in the European Union.”

France has also done a good job at defining the rules of the road “in a way that is usable from a business perspective.” The U.K., no longer in the EU, is also “beginning to shift and see the value” in crypto and blockchain technology, he added.

Perez even detects “a different tone” among U.S. regulators and legislators; they now seem less likely to view the cryptoverse as a place inhabited chiefly by drug dealers and money launderers. He also observed that cryptocurrency reform is being spearheaded by legislators “on both sides of the aisles” within the most recent U.S. Congress.

What about low- and moderate-income countries — where do they stand with regard to crypto regulation?

“Most of those countries are basically waiting for the big players like the U.S., the European Union and Japan,” Perez said. They will watch to see which frameworks work best and can be adapted to their particular circumstances.

Which regulatory elements would he especially like to see duplicated globally? “If I had to recommend one framework, I would choose a combination of the Swiss token framework and parts of the EU’s stablecoin framework,” Perez answered.

These would offer some flexibility and encourage innovation. Within the EU framework, there is even room now for a token to be reclassified over time. A token might begin its “life” as a security token, but later evolve into a utility token. As the Web3 Foundation’s chief legal officer, Daniel Schoenberger, explained to Cointelegraph in May:

“A token can be used initially as a fundraising instrument. If a token is used for fundraising purposes, it should be subject to all applicable laws and regulations. However, over time that same token may serve a functional purpose devoid of speculative investment. This is part of the nature and innovation of blockchain technology.”

When asked whether he viewed the global regulatory glass as half empty or half full, Perez noted that this past year was generally a difficult one for the crypto sector amid scandals and bankruptcies like FTX and Celsius.

However, “I think we've passed through the worst,” Perez said. Some harsh criticism was heaped upon the industry, but that in turn may have led to “a bit more transparency” as well as reinforcing the need to build projects that last. Perez continued:

“So from that perspective, I’m very optimistic in terms of regulation. I'm also optimistic regarding U.S. policymakers. People are really starting to get it.”

https://cointelegraph.com/news/from-the-u-s-to-japan-regulators-are-beginning-to-embrace-crypto

[Investors3]

Crypto This Wednesday: Coinbase to Trade Crypto Futures, Ledger Integrates with PayPal, and More
August 16 2023 - 01:22PM

Coinbase gets approval for cryptocurrency futures, boosts its shares

Coinbase Global (NASDAQ:COIN) gained approval from the National Futures Association to offer cryptocurrency futures contracts to U.S. retail customers, leading to a 5% increase in its stock ahead of the market open. This approval comes as Coinbase is in litigation with the SEC, which alleges that the company operates as an unregistered exchange. The central debate is whether crypto assets are considered securities or commodities. Coinbase has already seen a 123% increase in its shares this year and previously acquired FairX, a regulated futures exchange. The company plans to expand its cryptocurrency derivatives services in the coming months.

Binance shuts down Binance Connect
A Binance spokesperson confirmed that Binance Connect will be shut down on August 16. This decision follows the announcement by Biswap, a decentralized exchange, about the deactivation of the Binance Connect card payments service. This move is part of Binance’s strategy to focus on its core activities. The company says it constantly revises its services to align with market trends. Launched in 2022, Bifinity (now Binance Connect) was a fiat-to-crypto payment platform.

Ledger announces integration with PayPal for direct purchases of cryptocurrencies
On August 16, Ledger, a manufacturer of hardware wallets, announced the integration of its Ledger Live software with PayPal (NASDAQ:PYPL). This partnership allows Americans with verified PayPal accounts to purchase cryptocurrencies such as Bitcoin (COIN:BTCUSD), Ether (COIN:ETHUSD), Bitcoin Cash (COIN:BCHUSD) and Litecoin (COIN:LTCUSD) directly via Ledger Live. What’s new is that when buying crypto through PayPal, the funds immediately go to the Ledger wallet, with no additional steps. Ledger CEO Pascal Gauthier highlighted that this combination aims to simplify cryptographic transactions while maintaining security.

PayPal suspends buying cryptocurrencies in the UK due to regulation
To comply with financial regulations in the UK, PayPal (NASDAQ:PYPL), is temporarily pausing the purchase of cryptocurrencies by its British users. The interruption stems from new Financial Conduct Authority (FCA) guidelines. Existing customers can still hold and sell their cryptocurrencies. This suspension is expected to last until early 2024. Recently, the FCA gave notice that crypto companies need to align their marketing strategies with the UK financial promotional regime by October 2023.

Vitalik Buterin reviews X’s “Community Notes” feature
Vitalik Buterin, founder of Ethereum, analyzed the “Community Notes” feature of platform X (formerly Twitter) from a cryptographic perspective. Launched in 2021 as “Birdwatch”, this feature allows users to add context and fact checks to tweets. The algorithm scores the notes based on peer reviews, favoring those that are non-partisan. Buterin suggests that, although susceptible to manipulation, the feature represents an advance towards decentralized governance. He also sees potential for decentralized moderation in future platforms, highlighting the importance of transparent, consensus-driven algorithms.

Donald Trump is an Ethereum Whale
Recent documents reveal that former US President Donald Trump owns $2.8 million worth of Ethereum (COIN:ETHUSD), demonstrating a departure from his former critical view on cryptocurrencies. In addition, Trump earned $4.86 million from non-fungible tokens (NFTs) through a licensing agreement between his company, CIC Digital LLC, and NFT INT LLC. While his related NFT collections have attracted attention, they are not linked to political campaigns and are not directly managed by Trump or his companies.

Shiba Inu announces release of Shibarium for tomorrow
Shiba Inu (COIN:SHIBUSD), with its philosophy based on decentralization and community development, is on the Ethereum blockchain, boasting a massive supply of 1 quadrillion tokens. Besides being a meme currency, it has a robust ecosystem with protocols like ShibaSwap and exploits in the NFT world and metaverse. The project announced Shibarium, a Layer 2 solution, seeking to solve scalability issues and high fees in Ethereum. The launch is scheduled for August 17th. This innovation promises faster and cheaper transactions, boosting blockchain adoption and bolstering Shiba Inu’s position in the DeFi landscape.

ConsenSys introduces Ethereum Linea sizing rollup with broad support
ConsenSys launched the Linea Ethereum scaling rollup, integrating over 150 partners and mobilizing over $26 million in Ether (COIN:ETHUSD). Launched in July 2023, Linea allows the migration of decentralized applications (DApps) to its platform, offering lower costs and better performance. Declan Fox, senior product manager at Linea, emphasized Ethereum co-founder Vitalik Buterin’s support for zero-knowledge accumulation technologies. He highlighted that Linea is ideal for DeFi protocols and offers integration with the MetaMask wallet, expanding the reach to millions of users.

Stellar Development Foundation buys stake in MoneyGram
The Stellar Development Foundation (SDF) acquired a minority stake in MoneyGram. Denelle Dixon, CEO of SDF, unveiled the investment on Aug. 15, using reserved funds from the foundation instead of Stellar’s Enterprise Fund. While financial terms were not disclosed, the SDF now has a seat on MoneyGram’s board. Dixon hopes the investment will help MoneyGram advance digital business and blockchain technology. SDF and MoneyGram have been collaborating since 2019 and made their partnership official in 2021. Recently, MoneyGram has launched new digital and blockchain services. The value of Stellar (COIN:XLMUSD) is down more than 2% at press time.

Nova Labs launches $5 phone plan focused on Miami
Startup Nova Labs launched a phone plan for $5 a month, initially available only to Miami residents or guests. Founded in 2013 with a focus on the “Internet of Things”, the company shifted its focus to cryptocurrency in 2018. Formerly called Helium, it faced criticism and raised $250 million. The new plan will use individual and corporate 5G hotspots. The company cites dissatisfaction with traditional carriers, while noting market competition such as T-Mobile (NASDAQ:TMUS). Nova Labs has partnered with T-Mobile for a smooth transition between networks. CEO Haleem recognizes the importance of this partnership, admitting limitations in Nova Labs’ current network.

Bittrex Global repositions after SEC settlement
Following a settlement with the US Securities and Exchange Commission (SEC) over allegations of unregistered trading, Bittrex Global seeks to win over investors concerned about regulatory uncertainty in the US. Bittrex CEO Oliver Linch has assured support for anyone wishing to trade without US regulatory ties. Surprisingly, Bittrex Global will not pay for the deal. While the US segment of Bittrex will pay $24 million in the deal, it faces bankruptcy and holds between $500 million and $1 billion in assets and liabilities. SEC charged Bittrex and its co-founder with regulatory violations and tampering with token communications. Bittrex’s market presence in the US has dropped significantly since 2018.

WhiteBIT and Justin Sun under scrutiny for high-yield offer
Justin Sun-linked exchange WhiteBIT raised eyebrows by announcing a 24.8% Annual Percentage Yield (APY) for Tether (COIN:USDTUSD) deposits for one year. This rate is unusually high compared to market averages. Sun, well known in the crypto industry, has a history of promoting high returns on questionable stablecoins. WhiteBIT’s “lending” platform and its connection to Sun raise the alarm. WhiteBIT offers over 150 cryptocurrency pairs and access to fiat currencies from Ukraine and Kazakhstan, but has challenges with licenses and banking relationships, making its legitimacy suspect.

Three Arrows Capital founders fined for breaches in Dubai
Three Arrows Capital founders Kyle Davies and Su Zhu have been fined by the Dubai Virtual Assets Regulatory Authority (VARA) for violations at OPNX exchange. On Aug. 16, VARA fined the exchange approximately $2.7 million and OPNX leaders around $54,000 for flouting Dubai’s advertising laws. The leaders have already paid their fines, but the exchange’s fine remains pending. The VARA may impose further penalties or refer the case to legal enforcement.

RocketSwap committed to 471 ETH loss and suspicious coin creation
RocketSwap, a Base Layer 2 decentralized exchange, was compromised, resulting in the loss of 471 ETH ($870,000). According to PeckShield, the flaw arose from multiple errors, including offline signatures and improper storage of private keys. While some accuse the RocketSwap team of internal manipulation, they blame an external hacker. Subsequently, the hacker transferred the funds to Ethereum, creating and profiting from a new coin, LoveRCKT, whose value skyrocketed and then crashed.

SwirlLend accused of Rug Pull
The SwirlLend project, active on Ethereum Layer 2, is accused of performing a rug pull resulting in the loss of $460,000 in deposits. Cybersecurity firm PeckShield has reported suspicious withdrawals from the Base and Linea networks. SwirlLend’s deposits have dropped dramatically and their social media accounts have been wiped. This term, “rug pull,” refers to developers running off with user funds. It’s yet another notable incident on the Base network, a reminder of the risks of the decentralized financial (DeFi) ecosystem and the need for caution.

Sora Summit gathers blockchain experts in Taipei
Sora Ventures will hold its Sora Summit in Taipei on December 16, concluding Taipei Blockchain Week. This event, which started in Macau in 2018, will have more than 100 experts, including co-founders of Paxos and leaders of CryptoSlate, debating Web3 topics for an estimated audience of 1000 people. Discussions will focus on Bitcoin, DeSci, NFTs, DeFi and more. Sora, a VC company focused on Web3 innovations, chose Taipei for the event, in line with its headquarters and the city’s strategic position in connecting blockchain communities.

El Salvador sees rise in bonds after bitcoin adoption
After adopting Bitcoin as legal tender in 2021, El Salvador saw a 70% increase in its bonds in 2023, attracting giants such as JP Morgan (NYSE:JPM) and UBS Group (NYSE:UBS). President Nayib Bukele celebrated, saying, “I told you so.” Contrary to initial criticisms of BTC adoption, El Salvador paid off its $800 million debt on time, boosting investor confidence. The country has also introduced crypto legislation and plans for Bitcoin-backed securities (COIN:BTCUSD), demonstrating resilience and attracting institutional interest.

Chinese court judges mining company for pyramid scheme
A court in Pingnan, Guangxi, China, tries Filecoin mining company Shenzhen Shikongyun Technology, accused of creating an $83.2 million pyramid scheme. Four company executives are under scrutiny for allegedly misleading clients with promises of high mining profits. They encouraged customers to recruit more people and invest in storage servers, disrupting the economic order.

Between March and May, FBI confiscated around $1.7 million worth of cryptocurrencies
Between March and May, FBI confiscated around $1.7 million worth of cryptocurrencies, including Bitcoin (COIN:BTCUSD) and Ether (COIN:ETHUSD). The largest seizure was 428.5 ETH in the Eastern District of Virginia. The FBI indicated that these arrests were due to violations of federal law. In addition to cryptocurrencies, items such as luxury cars and handbags were also seized. The agency warned the community about scams in the NFT space and fake cryptocurrency job advertisements.

Digital Power Council created to represent cryptocurrency miners in the US
The Digital Energy Council was created on Aug. 15 to represent cryptocurrency miners to alleviate concerns about the sustainability of mining and promote its growth in the US. This movement aims to modify the negative view of recent legislation against the industry. Thomas Mapes, the group’s founder and former head of the US energy industry, sees mining companies as “the energy companies of the future”. Despite global criticism, especially after the Chinese ban, Mapes ensures that his group includes important cryptocurrency companies.

ZetaChain raises $27 million
ZetaChain, a Tier 1 network, has raised $27 million to underpin its autonomous chain platform, with notable investors such as Blockchain.com and Jane Street Capital. Created in 2021, the protocol facilitates the interaction between blockchains and the decentralized financial ecosystem, allowing smart contracts to be used in networks without this technology, such as Bitcoin (COIN:BTCUSD). The platform already has more than 27,000 DApp contracts for various applications. Industry notables such as Ankur Nandwani have joined the team, who highlight the effectiveness of their interconnected smart contracts.

BitGo raises $100 million
Despite the turmoil in the US crypto market, BitGo, a cryptocurrency custody company, is expected to reveal that it has raised $100 million, valued at $1.75 billion, according to Bloomberg. BitGo, which protects cryptocurrency private keys, acts as a custodian for several clients, including bankrupt FTX. CEO Mike Belshe attributes the company’s success to its focus on regulation. The California-based company secured the new investment from global sponsors, and plans to use some of the funds for strategic acquisitions. The round had investors from the US and Asia, some outside the crypto business. In 2023, BitGo saw a 60% increase in customers and 40x in staked assets. After failed acquisition attempts in previous years, BitGo now focuses on meeting the global demand for custody solutions.

Linera raised $6 million in funding round led by Borderless Capital
Linera, a tier one blockchain focused on solving scalability challenges through “microchains,” has raised $6 million in a funding round led by Borderless Capital. Founded by former Meta Novi engineer Mathieu Baudet, the company has raised a total of $12 million. The new funding will be used to expand the team, launch development and test networks, and strengthen its presence in the APAC region. Linera innovates by using microchains to tackle bottlenecks in traditional blockchains, allowing users to interact with Web3 applications directly from their wallets. Investors in this round include Laser Digital Ventures, Flow Traders and Eterna Capital.

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/91834747/crypto-this-wednesday-coinbase-to-trade-crypto-fu

[$Green$]

GREEN

[$Green$]

Gonna explode when the market finally faces the truth about higher rates

[$Green$]

Buy here $78

[Investors3]

Coinbase Accelerates International Expansion with Official Launch in Canada
August 14 2023 - 06:00AM
Business Wire

Integration of Interac e-Transfers makes cryptocurrencies easily accessible to millions of Canadian customers

Today, Coinbase announced its Canadian expansion with a series of new offerings that demonstrate its commitment to Canada as a priority Go Deep market.

Through its partnership with Peoples Trust Company, part of Peoples Group, Coinbase is now providing access to Interac e-Transfers® * to 100% of Canadian Coinbase users, making it secure and simpler than ever to move money in and out of your account. This will make cryptocurrencies more accessible to millions of Canadians.

Interac availability was the most requested feature by Canadian users, and today’s news demonstrates Coinbase’s plan to build a platform that is for Canadians, by Canadians. Depositing funds to Coinbase using Interac is free and almost instant. In the last month, over 50% of deposits have been made through Interac e-transfer.

Starting today, Canadian Coinbase users can also maximize the full potential of crypto with the best of Coinbase through membership with Coinbase One. Free for all users for 30 days, Canadians now have access to zero trading fees, boosted staking rewards, priority 24/7 support, and more.

“Canada is well positioned to be a global leader in the cryptoeconomy thanks to the high levels of crypto awareness, a passionate local tech ecosystem, and the progress towards a strong regulatory framework,” said Nana Murugesan, Vice President, International and Business Development, Coinbase. “As Coinbase’s next Go Deep Market, we are making significant investments to help Canadians access the benefits of cryptocurrency.”

Coinbase sees Canada as its next Go Deep Market. Canada is the second-most crypto-aware country across Coinbase’s international markets, and an Ontario Securities Commission survey found that over 30 per cent of Canadians said they will buy cryptocurrency within the year, more than double those who say they currently own crypto assets. This presents a significant opportunity for growth in the Canadian market.

These announcements are the latest of several commitments Coinbase has made to grow in Canada.

* In March, Coinbase signed an enhanced Pre-Registration Undertaking (PRU), and continues working with regulators and policymakers on a strong digital
currency regulatory framework for Canadians.

* Hired Lucas Matheson as Coinbase’s Canadian Country Director. Lucas is passionate about the potential of cryptocurrencies to transform the financial
landscape and wants to help make cryptocurrencies more accessible in Canada.

* Built a tech hub with almost 200 full-time employees who are helping build Coinbase products. This makes Canada Coinbase's largest tech hub outside the
U.S. Coinbase is also one of Canada’s largest crypto employers.

* Coinbase Ventures has been active across Canada, investing in several Canadian start-ups to promote local innovation and entrepreneurship, and develop
technology that will advance the global crypto economy. Canadian portfolio companies include Dapper Labs, Minerva AI, Axelar, Horizon Blockchain Games,
and Zapper.

“At Coinbase, our mission is to update the financial system and bring greater economic freedom to the world,” said Lucas Matheson, Canada Country Director, Coinbase. “We’re thrilled to be leading this push and helping drive innovation in Canada’s financial system.”

Supporting Quote From Peoples Group

“Peoples Group is pleased to partner with industry leader Coinbase, to enable this money movement tool for their Canadian customers and expand payment possibilities,” said David Furlong, Chief Operating Officer of Peoples Group.

About Coinbase

Coinbase is building the cryptoeconomy – a more fair, accessible, efficient, and transparent financial system enabled by crypto. Coinbase started in 2012 with the radical idea that anyone, anywhere, should be able to send and receive Bitcoin easily and securely. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy.

About Peoples Group

Peoples Group has been providing a tailored suite of financial solutions and delivering world-class customer interactions, since 1985. We have grown substantial market share in the insured commercial lending space and are the leading issuer of prepaid payment cards as well as an innovative merchant acquirer. We are an entrepreneurial organization that excels at customizing solutions to fit the needs of our clients. As a trusted partner of many FinTechs, we have a proven track record of giving them the tools and guidance to realize their success.

For more information, please visit peoplesgroup.com

* Interac e-Transfer is a registered trademark of Interac Corp. Used under license.



View source version on businesswire.com: https://www.businesswire.com/news/home/20230814475027/en/

For media inquiries please contact

Amit Shilton, Senior Director, Corporate and Technology
Agnostic
[e-mail]

https://ih.advfn.com/stock-market/NASDAQ/coinbase-global-COIN/stock-news/91805945/coinbase-accelerates-international-expansion-with:

[Wallstveteran]

New Video out on COIN

[Monksdream]

coinbase


A withdrawal has been delayed

You initiated a withdrawal of $3446 from your Cash (USD) account.
$3446 will arrive in your citi bank ending with 7296 by 3 working days.

If you don't any action, the request will complete on Aug 15, 2023 at 5:51 PM PDT.


Amount : $3446 USD
Date and time : Sat, August 12, 2023 5:27 PM
Browser : Mac OS Mozilla/5.0 (Windows NT 10.0; WOW64; rv:54.0) Gecko/20100101 Firefox/46.0
Withdrawal reference : KQ3FULQR



Approve Now
I didn't Authorize This Activity

If you didn't initiate this request or not your bank account? Review transaction

[Investors3]

Coinbase celebrates art, music and gaming with a three-week blockchain event
SERKAN KESKIN
7 HOURS AGO

One of the largest cryptocurrency exchanges to hold a multi-week event on blockchain where the community celebrates art, music, gaming and more.

The inclusive nature and global reach of cryptocurrencies and blockchain technology have given rise to a diverse community of individuals from various nationalities, cultures, backgrounds and socioeconomic statuses. The influence of crypto and blockchain expands beyond financial technologies, and the community reflects that by spanning across different sectors, including health care, gaming, retail, social and political domains.

For this vast network of enthusiasts, estimated to surpass 420 million people worldwide in 2023, touching base and socializing about common interests is crucial. This is why the crypto and blockchain ecosystem is never short of conferences, festivals and summits — events that play a pivotal role in fostering unity, collaboration and shared excitement within the crypto space.

The community will get a chance to celebrate art, culture, gaming, music and more at a multiweek event named Onchain Summer. Presented by Coinbase, Onchain Summer is an online event slated to take place from Aug. 9 to Aug. 31 and aimed at showcasing the next wave of on-chain utility.

Powered by Base, the layer-2 network incubated by Coinbase, Onchain Summer is bringing industry-leading brands, builders, artists and creators together with the global crypto and blockchain community.

Direct support for artists and creators

Onchain Summer will benefit from crypto and its underlying blockchain technology to build and distribute art, music, games and social experiences. Attendees will get a chance to participate in on-chain mints, where ownable content will be made available to mint daily.

By simply joining the celebration, crypto and blockchain enthusiasts will be able to support the contributing artists and musicians directly. Onchain Summer features renowned brands and organizations, including the next-gen social network Friends with Benefits, soft drink giant Coca-Cola, the sci-fi card game Parallel, and the art and culture platform Highlight.

Global access via blockchain

Users can attend Onchain Summer from anywhere worldwide by visiting onchainsummer.xyz in their browsers. While a compatible Ethereum wallet is required to enter Onchain Summer, the seamless integration between the Coinbase Wallet and the Base network makes it fast and easy for Coinbase users to join the Base network. To make any purchases during the event, including art, music or other content, users need to transfer Ether to the Base network.

Base is a layer-2 network on the Ethereum blockchain that provides low-cost transaction fees. During the event, builders will have the chance to experience Base’s fast, efficient and inexpensive development environment by building, creating and growing on-chain.

The integration between Coinbase and the Base network will make it easy for visitors to join the three-week-long on-chain celebration, where they can play games, trade ideas, socialize with each other and collect their favorite creators’ content.

Events and festivals serve as powerful catalysts for uniting communities worldwide. With events like Onchain Summer, the global crypto and blockchain community can come together to embrace the limitless possibilities of on-chain art, music and gaming and discover new horizons for their passion.

https://cointelegraph.com/news/coinbase-celebrates-art-music-and-gaming-with-a-three-week-blockchain-event

[Investors3]

19% of New Yorkers own cryptocurrency: Coinbase report
EZRA REGUERRA
13 HOURS AGO

Coinbase highlighted that there are 692 blockchain organizations and more than 800 founders in New York.

A Coinbase report series highlighting crypto innovation at the state level in the United States has recently published its fourth edition, which features New York. The report highlighted various milestones the state reached regarding crypto adoption.

Within the report, Coinbase noted that 19% of New York residents who participated in the study own cryptocurrencies. Additionally, one in three New Yorkers agreed that crypto makes the financial system fairer and described it as a “worthwhile investment for the future.“

The Coinbase report also highlighted that as New York residents continue to embrace the idea of crypto, the state continues to become a home for blockchain-centered projects. According to the report, 692 blockchain organizations and over 800 founders are based in New York state.

As crypto adoption grows in New York, state regulators are improving their capacity to supervise digital currencies. On Feb. 21, the New York State Department of Financial Services announced it had enhanced its ability to detect crypto-related illegal activities. According to the announcement, the department will have additional capabilities in detecting insider trading, market manipulation and front-running activities...

https://cointelegraph.com/news/new-york-residents-own-cryptocurrency-coinbase-report