Coinbase shares dropped 7% after disclosing a cyberattack and a resurfaced SEC probe on old user metrics.
The investigation began under former SEC Chair Gary Gensler and has continued under the current administration, according to the NYT, which first reported the story.
Lucas Matheson said Canada risks falling behind as other nations actively shape crypto policies.
The exchange fired staff involved in the breach on the spot and will press criminal charges.
The exchange fired staff involved in the breach on the spot and will press criminal charges.
The move comes after a former DOGE staffer, Ethan Shaotran, praised the team’s mission and work ethic despite the backlash he faced.
Coinbase has bitcoin on the balance sheet, but management wants to be clear it's not taking the Michael Saylor/MSTR approach.
The crypto exchange's broadening product suite and dominant U.S. market position set it up well for the long term, many analysts said.
The crypto exchange cited a drop in crypto prices as a result of U.S. President Donald Trump’s tariff policy and macroeconomic uncertainty as the reason behind the weak quarter.
The acquisition makes Coinbase the largest crypto derivatives platform and a credible rival to Binance.