The S.E.C. Sued Coinbase
The Securities and Exchange Commission has sued Coinbase. They are alleging that Coinbase has violated rules that requires it to register as an exchange and be overseen by the S.E.C..
The Securities and Exchange Commission has sued Coinbase. They are alleging that Coinbase has violated rules that requires it to register as an exchange and be overseen by the S.E.C..
Coinbase will cut 20% of its workforce.
Bitcoin’s dollar price fell 7%, causing cryptostocks such as Coinbase, Marathon Digital, etc. to slide as well.
The cryptocurrency exchange, Coinbase saw their shares drop in after hours trading. This was a result of Coinbase posting third quarter revenue that was lower than expected.