Criptos News

Latest news about blockchain and cryptocurrencies

Legal Woes: Coinbase Faces New Class Action, IRS Allowed to Investigate SFOX' Customers, Another Objection in SEC-Ripple War

Major crypto exchange Coinbase faces a new class action suit alleging the company unauthorizedly transfers and freezes funds and locks consumers out of their accounts for extended periods. Meanwhile, the US Internal Revenue Service (IRS) has been granted permission to look into the customers of crypto prime dealer SFOX Inc., while the US Securities and Exchange Commission (SEC) objected to orders to disclose drafts of a former official’s speech in its fight with Ripple…. Read more →

Another Rough Quarter Awaits in Q3, Coinbase Warns After Bruising Financial Results

The crypto exchange giant Coinbase is putting a positive spin on another quarter of sub-par results – and its CEO Brian Armstrong has stated that “across price cycles,” the exchange is still trending upward. But the firm appears braced for another rocky ride in the coming third quarter of FY2022. In an earnings call, Armstrong claimed that “crypto is not linear,” and added:…Read More: Another Rough Quarter Awaits in Q3, Coinbase Warns After Bruising Financial Results… Read more →