Coinbase and top execs face securities class action over Nasdaq listing

A Coinbase shareholder has filed a securities class action against Coinbase for allegedly misleading investors ahead of its public listing about the company’s financial state and resilience as a crypto trading platform. Filed by law firm Scott + Scott in the California Northern District Court on Thursday, the class action names Coinbase shareholder Donald Ramsey as a plaintiff, both individually and on behalf of all other investors similarly situated.  Ramsey is pursuing his claims under the United States Securities Act and has presented evidence drawn from Coinbase’s regulatory filings with…

Dogecoin Could Reach 8,000 New Merchants Through Coinbase Commerce

Share this article Cryptocurrency payment processor Coinbase Commerce has added Dogecoin (DOGE) to its list of supported altcoins. much payment. very commerce. 🐕 Just a quick blast to let you know we’re now accepting commerce payments in Dogecoin (DOGE)! — Coinbase Commerce (@CommerceCB) July 21, 2021 More Merchants Can Accept DOGE The new addition means that crypto holders will be able to spend Dogecoin at merchants that use the Coinbase Commerce plugin. Dogecoin creator Billy Markus commented on the addition: “This is a big deal. It’s integrated with Shopify meaning…

Dogecoin becomes the 7th cryptocurrency accepted on Coinbase Commerce

Coinbase Commerce, the e-commerce arm of the United States-based crypto exchange, has added support for Dogecoin payments. According to a Twitter announcement, Dogecoin became the seventh cryptocurrency for merchants to accept payments on Coinbase’s e-commerce portal. The platform currently supports Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC) along with stablecoins Dai (DAI) and USD Coin (USDC). An integration with Coinbase.com enables Coinbase Commerce customers to convert their crypto payments into U.S. dollars, euros, pounds or USDC without leaving the e-commerce portal. According to a blog post dated October…

Coinbase sued over Dogecoin Sweepstake ad Campaign

A Coinbase user has filed a class action lawsuit seeking $5 million in damages because of an allegedly misleading Dogecoin campaign. In the legal document, David Suski, the plaintiff, said he was deceived into trading $100 of Dogecoin (DOGE) for an entry into a $1.2 million sweepstakes offer on Coinbase. The document claims that Coinbase failed to communicate that a person could enter the sweepstakes without purchasing $100 of Dogecoin. The first day Dogecoin was available for trade on Coinbase, June 3, 2021, the company sent out an email to…

Coinbase Sued Over “Deceptive” Dogecoin Campaign

Key Takeaways Coinbase faces a class action lawsuit from a Dogecoin trader who seeks $5 million in damages. The plaintiff, David Suski, claimed he was deceived by Coinbase to trade $100 of Dogecoin to become eligible for a $1.2 million promotion. The promotion’s rules specify that a customer can be eligible without making any trade by mailing a simple index card. Share this article A Coinbase user has filed a class lawsuit seeking damages worth $5 million, alleging the exchange ran a misleading Dogecoin-related promotion. Disgruntled Trader Files Class Action…

Coinbase CEO Tells Dogecoin Creator Bitcoin Made “Many People Wealthy”

Key Takeaways Dogecoin co-founder Jackson Palmer called cryptocurrencies “inherently right-wing” in a lengthy tirade this week. Coinbase CEO Brian Armstrong responded, highlighting how crypto has created wealth and equality of opportunity. The comments from Palmer and Armstrong form part of a larger debate on the ideology of cryptocurrencies. Share this article Coinbase CEO Brian Armstrong has responded to Dogecoin creator Jackson Palmer’s recent slam on the cryptocurrency space. Coinbase CEO Defends Crypto Questions over the ideology of cryptocurrencies have sparked debate on Twitter. In a Wednesday tweet storm, Dogecoin co-founder…

Crypto offers more freedom, Coinbase CEO responds to DOGE creator

Brian Armstrong, co-founder and CEO of Nasdaq-listed cryptocurrency exchange Coinbase, took to Twitter to respond to a recent attack on crypto by Dogecoin (DOGE) co-creator Jackson Palmer. In a Twitter thread on Thursday, Armstrong pointed out some of the biggest benefits of cryptocurrencies like Bitcoin (BTC), stressing that crypto is “simply providing an alternative for people who want more freedom.” The CEO emphasized that one’s stance on the crypto industry depends on a perspective, elaborating that people who want more control from financial regulators are free to enjoy the traditional…

‘Make or break’ for Bitcoin, Binance under pressure, Strike attacks Coinbase

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week   Bitcoin mining difficulty just fell by a record 28% — but will this help prices recover? Bitcoin has recorded its biggest mining difficulty drop of nearly 28%, but one model suggests prices will not bottom until October. The drop is in response to the…

Fed chair met with Coinbase CEO Brian Armstrong and former House speaker in May

Prior to the Federal Reserve announcing it would release a discussion paper on a central bank digital currency, chairperson Jerome Powell met with Coinbase CEO Brian Armstrong. According to Powell’s meeting calendar which was made public on Friday, the Fed chair held a 30-minute meeting with Armstrong as well as former House of Representatives Speaker Paul Ryan on May 11. The reason for Ryan’s presence is unclear — the former speaker left politics in early 2019 and is now with private equity investment firm Solamere Capital. While Powell’s schedule did…