Crypto stocks fall after US SEC sues Coinbase over failure to register

The U.S. Securities and Exchange Commission sued Coinbase, accusing it of illegally operating without registration with the regulator. The SEC also filed a lawsuit against Binance and its CEO, Changpeng Zhao, on Monday. In a complaint filed in Manhattan federal court on Tuesday, the SEC said Coinbase has since at least 2019 operated as an unregistered broker by handling cryptocurrency transactions, evading the disclosure requirements meant to protect investors.

• 2023-06-06
• U.S. Securities and Exchange Commission premarket trading Coinbase cryptocurrency SEC

Coinbase Stock Plunges as SEC Charges Crypto Exchange

Coinbase Global stock plunged in premarket trading on Tuesday after the U.S. Securities and Exchange Commission sued the cryptocurrency broker over years of alleged violations of securities rules. Shares in Coinbase shed 14% in the premarket after the news broke, a day after the SEC charged rival exchange Binance, Binance.U.S., and its founder with a number of securities charges.

• 2023-06-06
• U.S. Securities and Exchange Commission premarket trading Coinbase

Coinbase Stock Drops After SEC Sues Crypto Exchange

Shares of Coinbase fell 15% in premarket trading Tuesday after the Securities and Exchange Commission sued the crypto company for allegedly violating securities law. The SEC charged Coinbase for operating as an unregistered securities exchange, broker and clearing agency.

• 2023-06-06
• SEC Coinbase unregistered securities exchange premarket trading

MicroStrategy Is Uniquely Positioned to Benefit From Rising Bitcoin Price: Berenberg

The bank initiated coverage of the stock with a buy rating and a $430 price target, implying 40% potential upside.

• 2023-04-28
• MicroStrategy Berenberg Michael Saylor price of bitcoin executive chairman premarket trading BTC price listed companies

Coinbase falls after US SEC threatens to sue over some crypto products

Global regulators are keeping a close watch on the crypto world after a string of high-profile collapses wiped out more than a trillion dollars from the digital assets industry's market capitalization last year. In the aftermath of the turmoil, the SEC has raised scrutiny over certain crypto services and how the companies hold customers deposits. Brokerage KBW analysts said in a note they had expected the SEC to serve Coinbase with a Wells notice and that the move will likely create an overhan

• 2023-03-23
• U.S. Securities and Exchange Commission premarket trading Coinbase crypto world digital assets crypto exchange SEC

Coinbase Tumbles Amid SEC Storm Clouds. What It Means for Robinhood and Crypto.

The cryptocurrency broker revealed Wednesday that U.S. securities charges may be looming, a threat that goes far beyond Coinbase.

• 2023-03-23
• Coinbase premarket trading regulatory risk digital asset SEC trading operations Robinhood

Crypto stocks fall as Silvergate crisis deepens

The digital assets-focused bank said late on Friday that effective immediately it had made a "risk-based decision" to discontinue the Silvergate Exchange Network (SEN). Shares of the La Jolla, California-based bank were down more than 4% in premarket trading, while crypto lending peer Signature Bank fell 3%. Crypto exchange Coinbase Global and BTC mining machine maker Ebang International were both down about 1% each.

• 2023-03-06
• Silvergate Capital Silvergate Exchange Network Signature Bank premarket trading Coinbase Global