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Coinbase urges court to reconsider appeal, cites SEC vs Ripple

The Securities and Exchange Commission (SEC) sued Coinbase in June 2023 and accused the company of selling unregistered securities.

Attorneys for Coinbase urged Southern District of New York judge Katherine Failla to reconsider an interlocutory appeal filed on behalf of the exchange in April 2024 — citing the Securities and Exchange Commission's (SEC) recent notice of appeal in the Ripple lawsuit.

According to an Oct. 5 letter, lawyers for Coinbase argued that the SEC's appeal is an admission that the criteria listed in the regulator's Howey Test — a set of conditions that must all be fulfilled to classify a financial instrument as a security — were ambiguous and warranted closer examination.

Lawyers for Coinbase send letter to court urging approval of an interlocutory appeal first filed in April 2024. Source: Eleanor Terrett.

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Peter Schiff Claims Bitcoin Superpower Status Will Make America weaker

Coinbase to delist noncompliant stablecoins under EU MiCA rules

Coinbase will delist noncompliant stablecoins from its European platform by the end of December to comply with the EU’s MiCA regulations.

The European Union’s Markets in Crypto-Assets Regulation (MiCA) is enforcing stricter oversight of crypto-related firms, and cryptocurrency exchange Coinbase is the latest to update its offerings.

On Oct. 4, Bloomberg reported that Coinbase will delist stablecoins that don’t comply with EU regulations by the end of 2024. This move aligns with the full implementation of MiCA, which is set to tighten control over the digital asset sector.

In a statement released Oct. 4, a Coinbase spokesperson confirmed the company’s commitment to regulatory compliance:

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Peter Schiff Claims Bitcoin Superpower Status Will Make America weaker

Memecoin Built on Ethereum Layer-2 Scaler Surges by Nearly 128% After Being Added to Coinbase’s Listing Roadmap

Memecoin Built on Ethereum Layer-2 Scaler Surges by Nearly 128% After Being Added to Coinbase’s Listing Roadmap

A memecoin built on the Ethereum (ETH) layer-2 scaling solution Base is up nearly 128% in the past 24 hours after being added to Coinbase’s listing roadmap. Degen (DEGEN) is trading at $0.009 at time of writing, up from around $0.004 one day ago. The memecoin, which launched on Base in January, serves as a […]

The post Memecoin Built on Ethereum Layer-2 Scaler Surges by Nearly 128% After Being Added to Coinbase’s Listing Roadmap appeared first on The Daily Hodl.

Peter Schiff Claims Bitcoin Superpower Status Will Make America weaker

Eigenlayer (EIGEN) Goes Live at $6,562,768,429 Fully Diluted Valuation As Coinbase Adds Support

Eigenlayer (EIGEN) Goes Live at ,562,768,429 Fully Diluted Valuation As Coinbase Adds Support

A brand new Ethereum (ETH)-based “restaking” protocol is debuting to a huge valuation after gaining Coinbase support. According to Coinbase, the top US-based crypto exchange by trading volume listed Eigenlayer (EIGEN) yesterday. “Coinbase will add support for EigenLayer (EIGEN) on the Ethereum network (ERC-20 Token). Do not send this asset over other networks or your […]

The post Eigenlayer (EIGEN) Goes Live at $6,562,768,429 Fully Diluted Valuation As Coinbase Adds Support appeared first on The Daily Hodl.

Peter Schiff Claims Bitcoin Superpower Status Will Make America weaker

3 signs that Bitcoin price is not ready to make a new all-time high

China-focused stablecoin data, retail investor participation and skeptical BTC derivatives markets are all signs that Bitcoin price is not primed for a new all-time high.

Bitcoin (BTC) closed at its highest level in two months on Sept. 28 and is currently approaching the $66,000 mark. This movement followed gains in the S&P 500 index, which reached an all-time high on Sept. 26, fueled by robust economic indicators and measures aimed at boosting markets and investor confidence in China. However, several metrics indicate that Bitcoin is far from entering a bull market. 

Bitcoin/USD (right) vs. S&P 500 futures (left). Source: TradingView

Investors could be skeptical due to previous rejections at $70,000 or fearing that a potential recession is underway, which would negatively impact risk-on markets, including cryptocurrencies.

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Peter Schiff Claims Bitcoin Superpower Status Will Make America weaker

Bitcoin retail comeback on the cards as Coinbase pierces top-400 apps

Bitcoin exchange app popularity is the latest sign that crypto is seeing a retail renaissance in the US.

Bitcoin (BTC) is regaining popularity among retail traders after months of absence, new data suggests.

Findings originally uploaded to X on Sept. 18 by analytics account Bitcoindata21 show one crypto app, in particular, making a comeback this month.

Bitcoin and crypto have faded from mainstream consumers’ radar in the six months since BTC/USD hit its latest all-time high.

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Peter Schiff Claims Bitcoin Superpower Status Will Make America weaker

Coinbase Adds Highly Anticipated Yet-To-Be-Launched Ethereum Restaking Altcoin to Listing Roadmap

Coinbase Adds Highly Anticipated Yet-To-Be-Launched Ethereum Restaking Altcoin to Listing Roadmap

Top US crypto exchange Coinbase has added a yet-to-be-launched Ethereum (ETH) restaking project to its roster of potential upcoming listings. In an announcement, Coinbase says that it has added EigenLayer (EIGEN) to its listing roadmap, which the exchange uses for transparency and to prevent insider trading on coins prior to them being listed. EigenLayer aims […]

The post Coinbase Adds Highly Anticipated Yet-To-Be-Launched Ethereum Restaking Altcoin to Listing Roadmap appeared first on The Daily Hodl.

Peter Schiff Claims Bitcoin Superpower Status Will Make America weaker

Coinbase Sees More Bitcoin and Altcoin Rallies in Q4 Amid Favorable Macro-Economic Outlook

Coinbase Sees More Bitcoin and Altcoin Rallies in Q4 Amid Favorable Macro-Economic Outlook

Top US-based crypto exchange Coinbase believes digital assets are just warming up for big rallies in the months ahead. In a new research report, Coinbase Institutional says the recent change in the macroeconomic backdrop suggests that Bitcoin (BTC) and crypto are primed for a Q4 surge. Coinbase says the Fed and the People’s Bank of […]

The post Coinbase Sees More Bitcoin and Altcoin Rallies in Q4 Amid Favorable Macro-Economic Outlook appeared first on The Daily Hodl.

Peter Schiff Claims Bitcoin Superpower Status Will Make America weaker

Coinbase Teases Coinbase Wrapped Bitcoin (cbBTC) Expansion to Ethereum (ETH) Rival Arbitrum (ARB)

Coinbase Teases Coinbase Wrapped Bitcoin (cbBTC) Expansion to Ethereum (ETH) Rival Arbitrum (ARB)

Top US-based crypto exchange Coinbase is teasing its new wrapped version of Bitcoin (BTC) to Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB). In a new announcement on the social media platform X, Coinbase Assets tells its audience that Coinbase Wrapped Bitcoin (cbBTC) is “coming soon” to the smart contract platform Arbitrum. Earlier this month, Coinbase […]

The post Coinbase Teases Coinbase Wrapped Bitcoin (cbBTC) Expansion to Ethereum (ETH) Rival Arbitrum (ARB) appeared first on The Daily Hodl.

Peter Schiff Claims Bitcoin Superpower Status Will Make America weaker

Bitcoin’s ‘Coinbase premium’ returns as BTC price heads for best September ever

Bitcoin is up 22% in the last three weeks as demand from U.S. investors gradually increased, pushing prices above pre-August crash levels. 

Despite being a traditionally bearish period, Bitcoin’s (BTC) current month is about to be its best September ever, while signs of retail returning are starting to emerge.

Previously, the highest gain observed in September was a 6% rally back in 2016.

Bitcoin monthly returns(%) chart year over year. Source: CoinGlass

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Peter Schiff Claims Bitcoin Superpower Status Will Make America weaker