Will Coinbase become the next victim of the SEC's crackdown on crypto? Find out in this week's Crypto Biz newsletter, where forgeforth_ break down the exchange's defense, financials and other coverage from the week.
. So far, though, we haven’t tasted the “regulatory certainty” many have been calling for. Instead, the regulator threw the book at Kraken for allegedly failing to register its staking program. Coinbase appears next on the chopping block, but its lawyers are ready to fight.
This week’s Crypto Biz newsletter delves into Coinbase’s defense of its staking program and its not-too-pleasant quarterly financials. We also look at the latest company toQ4 was a rough quarter for the cryptocurrency market, and nowhere was this more evident than in. On Feb. 21, the crypto exchange reported a 12% drop in transaction volumes during the quarter as revenues plummeted 57% year-on-year.
If I grow oranges myself and harvest them myself, the oranges are not securities. If I grow oranges myself and harvest them using a contractor that charges me a fee, the oranges are still not securities.The crypto market felt FTX’s enduring legacy again this week after hedge fund. Galois had sizable exposure to FTX when the exchange went bust in November 2022.
Crypto Biz is your weekly pulse of the business behind blockchain and crypto, delivered directly to your inbox every Thursday.
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