Shares of Coinbase tumbled 15% Thursday after the cryptocurrency trading platform received a warning from the Securities and Exchange Commission that it could face securities charges. The cryptocurrency trading platform said in an SEC filing late Wednesday that it had received a Wells Notice from the agency, which indicates that regulators believe laws protecting investors were violated. “We continue to …
Coinbase is allegedly investigating the potential of establishing a trading site outside of the US. The move was reportedly made at a time when many American legislators and regulators were criticising cryptocurrency companies for what they saw as their part in the bankruptcy of Silvergate Bank, Silicon Valley Bank, and Signature Bank. Recently, certain cryptocurrency firms have come under fire …