Tag: Coinbase
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The Legal Battle Between Coinbase and U.S. Regulators: A Deep Dive
On Thursday, Coinbase’s stock surged over 4%. The past couple of years have seen multiple actions by the SEC targeting the crypto sector, though recent developments hint at a softening stance. For instance, spot…
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Coinbase Unveils Tool for Calculating Cryptocurrency Taxes
The widely used cryptocurrency platform, Coinbase, has recently provided information about over 13,000 customers. To facilitate the tax filing process, they now offer support to users through a new tax calculator. Although it doesn’t…
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Coinbase Faces Turbulence: Navigating Economic Downturns and Workforce Reductions
A sharp reduction of 1,100 employees was unveiled today by Brian Armstrong, the CEO of Coinbase. The workforce, which recently surpassed 5,000 individuals, will now see an 18% decrease. To address escalating costs, in…
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Coinbase Ad Blitz: Super Bowl Surprise and App Meltdown
Despite the brief duration of Coinbase’s service hiccup, it had a noticeable impact, with stock prices dipping by up to 5% before market activities began on February 14, 2022. Opening at $193.49, Coinbase’s shares…
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Crypto on Trial: The First Supreme Court Case
The case of Coinbase v. Bielski reached the U.S. Supreme Court today, marking a pivotal moment as the justices listened to an appeal aimed at halting class action lawsuits. In an unprecedented move, the…