San-Francisco-based cryptocurrency exchange Coinbase’s download rate has fallen to its lowest level among U.S. finance apps following the general decline in digital currency markets, Quartz reported July 10.
According to Quartz, the Coinbase app fell to 40th place in June download rankings, its lowest download ranking since April 2017.
The situation reportedly reflects the fickleness of retail traders, who make up the greater part of trading volume in crypto markets.
In December, Coinbase reportedly became one of the top finance apps in the U.S. in terms of downloads backed by the price of Bitcoin (BTC), which surged to $19,000.
Coinbase has recently come under fire after a Freedom of Information Act request by Mashable revealed 134 pages of complaints filed by Coinbase users with the U.S. Securities and Exchange Commission (SEC).
Coinbase, the largest cryptocurrency exchange platform in the United States, is feeling the heat from the cryptocurrency price decline of 2018. Download figures for the platform’s app show that it isn’t as popular as it was at the start of the year.
The Ontario Securities Commission (OSC) has filed a lawsuit against Troy Richard James Hogg for selling unregistered securities in an ICO where he raised $51 million.
The post Ontario Securities Commission (OSC) Files Lawsuit for $51M Dignity Token Asset Offering appeared first on BeInCrypto.
Grayscale CEO Michael Sonnenshein has told investors he is ready for a spot bitcoin exchange-traded fund (ETF) regardless of what the Securities and Exchange Commission (SEC) says.
The post Grayscale Prepares Itself for SEC Ruling on Spot ETF appeared first on BeInCrypto.
The Chairman of the U.S. Securities and Exchange Commission (SEC) says he doesn’t see cryptocurrencies lasting long.
The post SEC Chairman Doesn’t See Long Term Viability for Cryptocurrencies appeared first on BeInCrypto.
Wall Street investment bank Morgan Stanley holds a substantial sum of Bitcoin-related assets according to a filing with the U.S. SEC.
The post Morgan Stanley Holds 28,000 Grayscale Bitcoin Trust Shares, Valued Over $800,000 appeared first on BeInCrypto.
In this series of articles, BeinCrypto explores the state of various cryptocurrency ETFs in the United States. This particular article will focus on the Kryptoin bitcoin ETF, which was first introduced in 2019.
SEC Chairman Jay Clayton will step down from his role by the end of 2020. Crypto-friendly Gary Gensler is among the rumored replacements. United States Securities and Exchange Commission (SEC) Chairman Jay Clayton will step down from his role by the year’s end.
How did Block.one make it out relatively unscathed by the SEC, and what are the greater ramifications of its ICO settlement?
The post Op Ed: Key Takeaways From Block.one’s $24M Settlement With the SEC appeared first on Bitcoin Magazine.
