Sunday, 7 August 2022

Top cryptocurrency news: Coinbase is facing two fresh lawsuits amid SEC probe

Coinbase is now under increased scrutiny from regulators, as the business is the subject of multiple lawsuits.

The San Francisco-based cryptocurrency exchange, which is already under investigation by the US Securities and Exchange Commission (SEC), is now facing two fresh legal claims from two different law firms.

On Thursday, Bragar Eagel and Squire, a New York-based law firm, announced that it will sue Coinbase for making false representations about its business operations. Pomerantz LLP has also filed a lawsuit against the exchange, claiming compensation for any losses incurred as a consequence of the defendant's breaches of federal securities laws. This lawsuit was filed to recompense the plaintiffs.

In both complaints, plaintiffs claim that Coinbase made misleading and deceptive assertions about its business, operations, and compliance activities between April 14, 2021, and July 26, 2022. According to the lawsuits, Coinbase failed to disclose that client cryptocurrency was held in escrow at Coinbase, making it part of a bankruptcy estate subject to bankruptcy proceedings in which consumers would be considered as general unsecured creditors of the company.

Furthermore, Coinbase reportedly refused to disclose that it allowed US individuals to trade digital assets that—despite its knowledge and complacency—needed SEC registration as securities. As a result of the aforementioned actions, the lawsuits claim that Coinbase's public claims were always, to a large part, misleading and fraudulent.

Coinbase has already been involved in a number of lawsuits and controversial scenarios. The two new lawsuits came as the SEC investigates Coinbase for allegedly trading unregistered securities. In a related complaint, Ishan Wahi, a former global product manager for Coinbase, is accused of insider trading. Wahi, on the other hand, pleaded not guilty earlier this month in a Manhattan federal courtroom to two charges of wire fraud conspiracy.

submitted by /u/CoinGabbarNews
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Why hasn’t BCH been able to compete with BTC in your opinion?

submitted by /u/SandyCactusBalls
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source https://www.reddit.com/r/btc/comments/whvx9i/why_hasnt_bch_been_able_to_compete_with_btc_in/

I'm curious if anyone on here runs some BTC ATM style kiosks. Do people actually use them? are the profitable? I just walk by and think the fees on those must be crazy high.

submitted by /u/Blockchain_buddyclub
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Made this ₿Itcoin ₿lackhole digital artwork for everyone here. An artistic example of ₿Itcoin’s finite properties that have the ability to absorb the value of everything in the world that is traded for it, while maintaining its finite, yet ever financial value growing ₿lackhole

Made this ₿Itcoin ₿lackhole digital artwork for everyone here. An artistic example of ₿Itcoin’s finite properties that have the ability to absorb the value of everything in the world that is traded for it, while maintaining its finite, yet ever financial value growing ₿lackhole submitted by /u/Future_PeterSchiff
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Censorship is worse than taxation

Censorship is worse than taxation submitted by /u/LucyLazyBird
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source https://www.reddit.com/r/btc/comments/whve4j/censorship_is_worse_than_taxation/

Saturday, 6 August 2022

Mobile wallets that allow labeling transactions, so we can remember who we sent money to

Are there any wallets that allow us to label a transaction, or enter a note about it to keep track of it?

Trezors have this on desktop, so it's possible to do it in a way that the privacy-oriented crowd is happy. It's quite an oversight that mobile wallets usually leave this feature out. BRD wallet used to have it, but they're gone.

There must be a lot of people who value keeping their books straight. Without this feature we look through transaction history and can't make any sense out of it or remember what we did.

submitted by /u/eliteglasses
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How i see most of you all in this sub

How i see most of you all in this sub submitted by /u/10YOredditandbitcoin
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source https://www.reddit.com/r/btc/comments/wh3nxf/how_i_see_most_of_you_all_in_this_sub/