Coinbase Bears Doubt Stock Can Rise Even After Beating Wall Street’s Estimates It’s hard to see a favorable valuation argument for the stock given the company’s revenue is tethered to an asset class that has yet to show a sustainable everyday utility value, Goldman Sachs said.

Coinbase Moves to Dismiss SEC Lawsuit, Alleging Crypto Falls Out of Regulator’s Oversight Coinbase filed for judgement in its ongoing case against the U.S. Securities and Exchange Commission, alleging the regulator is stepping well outside its jurisdiction in suing the crypto exchange.

Coinbase argues it doesn’t trade securities, so the SEC’s lawsuit should be dismissed Illustration by Alex Castro / The VergeCoinbase is asking a judge to dismiss the Securities and Exchange Commission’s lawsuit against it. In a motion filed on Friday, Coinbase maintains that it doesn’t trade securities, rendering the SEC’s arguments invalid. The SEC sued Coinbase in June, alleging that the crypto exchange broke securities laws b…

Coinbase Beats Analyst Estimates for Q2, but Transaction Revenue Falls The crypto exchange beat on both the top and bottom lines, but transaction revenue and total trading volume fell.

South Korean Exchange Upbit Surpasses Coinbase, OKX in July Trading Volume to Take No. 2 Spot for First Time The exchange bucked the general market trend that saw a decline in trading volume for most centralized exchanges.

Coinbase Sets Public Launch of ‘Base’ Layer 2 Blockchain for Next Week Users will be able to bridge their ETH starting Thursday, with the official launch of the main network for Aug. 9

Coinbase Analysts Optimistic Ahead of Q2 Earnings, but Warn About USDC Risks and Lower Trading Volumes The crypto exchange reports earnings for the second quarter of 2023 after the market closes on Thursday.

Coinbase Looks to Add Bitcoin Lightning for Payments The move is part of the exchange’s broader plan to improve cryptocurrency-based payments globally.

Ripple Ruling Rebuke Complicates Coinbase’s Defense Against the SEC: Berenberg U.S. District Judge Rakoff rejected a previous judge’s distinction between institutional sales and sales to retail investors on crypto exchanges, the report noted.

SEC Told Coinbase to Stop Trading in all Cryptos Except Bitcoin Before Suing: FT The U.S. Securities and Exchange Commission (SEC) had asked Coinbase (COIN) to stop trading in all cryptocurrencies other than bitcoin (BTC) prior to suing the crypto exchange, according to a Financial Times report.

Craig Wright Must Pay $516K to Pursue Case Against Kraken, Coinbase: UK Judge Wright claims he’s Bitcoin White Paper author Satoshi Nakamoto and holds intellectual property rights on numerous cryptocurrencies

Meet the Hong Kong Lawmaker Who Invited Coinbase to Town Legislative Council member Johnny Ng is courting crypto exchanges to get licensed in the city as the U.S. drives digital asset firms offshore.

Coinbase to Wind Down Lending Program Over Coming Months Coinbase Borrow, a program that allowed customers to receive fiat loans of up to $1 million against as much as 30% of their bitcoin (BTC) holdings, will be shutting down over the coming months as the company focuses its resources on products that “customers care about most,” a spokesperson said.

Coinbase Earn Is Particularly Vulnerable to Being Defined as a Security: Berenberg The crypto exchange is still faced with significant regulatory challenges, the report said.

Coinbase to Pause Staking in California, New Jersey, South Carolina and Wisconsin tk

Ripple’s XRP Summary Judgment Positive for Coinbase, Price Target Raised to $120: Needham The court’s decision should moderately de-risk the regulatory pressure on the crypto exchange’s stock, which is a significant overhang on the share price, the broker’s report said.

‘I think we will win’: Coinbase buoyed in case against SEC after landmark Ripple XRP decision The SEC sued Coinbase in June, alleging it was operating an unregistered exchange and broker. The Ripple ruling has given Coinbase new confidence it can win.

Coinbase Rally on the Back of XRP Court Ruling Is Overdone: Berenberg The surge in the crypto exchange’s share price was driven largely by investors who saw the decision as a representing a rejection of the SEC’s argument in the lawsuit it filed against Coinbase in June, the report said.

Coinbase, SEC Spar Over Definition of Securities, Nature of Staking in First Court Hearing U.S. Judge Katherine Polk Faila questioned both sides on a range of topics in a Manhattan courthouse on Thursday.

Bitcoin and Crypto Stocks Like Coinbase Soar as XRP Ruling Bolsters Optimism Cryptocurrencies across the board are rallying along with crypto-related stocks after a federal judge ruled that the sale of Ripple’s XRP tokens on exchanges and through algorithms did not violate federal securities laws.