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Coinbase has finalized its actions to phase out Bitcoin SV from its list of support ed digital assets. Initially rumored in November 2023, the delisting became official when Coinbase announced it had deprecated support for Bitcoin SV (BSV). In a post on X, Coinbase advised users who still held BSV that their assets had been forcefully liquidated and converted into a different cryptocurrency available on the platform, albeit after the deduction of transaction costs. We have deprecated support for Bitcoin SV (BSV). We appreciate your patience and cooperation. https://t.co/35AhSAerJt — Coinbase Assets ️ (@CoinbaseAssets) February 3, 2024 The exchange also notified customers that the involuntary conversion process might not result in compensation, especially if their BSV holdings were minimal, given that transaction fees and market volatility could erode the asset’s value entirely. Coinbase further warned that after the deprecation date, it would remove the remaining ...

The U.S.-based crypto exchange Coinbase is doubling down on its efforts to bring more regulatory clarity for stablecoins. In a blog post on Monday, Dec. 4, 2023 the San Francisco-headquartered crypto exchange noted younger adults feel the “everyday pain points of dealing with the current financial system,” saying stablecoins offer consumers “all the benefits of cash without the drawbacks.” Coinbase being a stakeholder in Circle, the issuer of the USDC stablecoin , claims that physical cash “no longer meets the needs and expectations of today’s digitally savvy consumers” as interbank transfers can take days, while its crypto-alternatives are way cheaper and faster to move. Stablecoin popularity in Nigeria, Brazil and Argentina | Source: Coinbase Yet, regulatory hurdles still keep the U.S. from becoming a “crypto hub,” while Nigeria and Brazil are proving to be “pivotal in encouraging the adoption of stablecoin s and cry...

XRP Community On SEC Asking Coinbase to Delist All Crypto Pro-XRP lawyers including John E. Deaton, Bill Morgan, and others comment on the latest news of the US SEC asked Coinbase to stop trading all crypto except Bitcoin before the lawsuit. advertisement John Deaton said the SEC is trying to build an anti-crypto narrative and the latest report shows how significant Judge Torres’ ruling in the US SEC v. Ripple Labs. “ If the SEC had won the case as it had hoped, Gary Gensler and Elizabeth Warren’ s anti-crypto army would’ve been out in full force,” said Deaton.  “Do you think all Democrats who’ve spoken out since the Torres Decision, including the 6 who voted in favor of the Bill coming out of the Financial Services Committee , would’ve done what they did had Torres ruled XRP is a security? Of course not.” Lawyer Bill Morgan argues the Torres ruling is a crucial decision for the crypto industry, esp...

SEC Chair on AI Regulation SEC Chairman Gary Gensler recently remarked that AI’s potential with respect to interference and disruption of market dynamics would attract the agency’s wrath. Speaking earlier this week before The National Press Club, the Chairman said terrible actors may seek to use AI to influence the US markets, or spook the public, which will attract an appropriate response from the commission. advertisement Unlike the discrepancy most people make, Gensler noted that ‘under the securities laws, fraud is fraud,’ irrespective of the format the fraud takes. Bad actors may seek to use AI to influence our mkts, or spook the public. Make no mistake, under the SEC urities laws, fraud is fraud. @ SEC Gov is focused on identifying & pro SEC uting any form of fraud that might threaten investors, capital formation, or the mkts more broadly. — Gary Gensler (@GaryGensler) July 20, 2023 Recommended Article...

Bitcoin (BTC) has risen by almost 55% since the beginning of the year. Meanwhile, Coinbase (COIN) stock is up by over 100% in the same time frame. On the other hand, Warren Buffett-backed Nubank has gained only 26% since January 2023, far shy of Bitcoin’s (BTC) gains . Buffet’s cryptocurrency bets seem to be taking a back seat this year. Cathie Wood, the founder, and CEO of Ark Invest has invested heavily in Coinbase stocks. It appears that Wood has made better bets in the cryptocurrency space, compared to the veteran trader and investor. Did Warren Buffett make a bad bet against Bitcoin? Although Buffett’s bet is down since January of this year, during the past 12 months, his Nubank investment has performed better than COIN. Compared to COIN, which is down 61.76% as of March 17, Nubank is down 38% year over year as of that date. The Warren Buffett-backed bank almost equally matches Bitcoin’s (BTC) 37% losses over the same time frame. According to Berkshire’s most recent...