SEC Launches Probe Into Coinbase’s Staking Programs, Plus PositivelyDisruptive Companies Under Ayre Ventures

Submitted by Aaron Goldstein on

Written by :

Aaron Goldstein

Published on :

One of the CoinBase's long term goals is to become the #1 staking provider. Staking platforms deploy the staked crypto to help verify transactions and boost blockchain security.

This week, the popular cryptocurrency exchange confirmed that its listing process and staking programs are now under review by the U.S. Securities and Exchange Commission (SEC).

The company said it has received investigative subpoenas and requests from the SEC “about certain customer programs, operations, and existing and intended future products”, including its processes for listing assets, the classification of certain listed assets, its staking programs, and its stablecoin and yield-generating products, according to a quarterly filing. 

The SEC had sent a letter back in May asking for information on its listing process.

Positively Disruptive Companies Under Ayre Ventures

In this episode of CoinGeek Conversations, host Charles Miller is joined by Paul Rajchgod, managing editor of Ayre Ventures.

The firm invests in ground-breaking businesses powered by BSV Blockchain, and as Paul explains, they are keen to encourage existing enterprise companies in the growth stage to explore the opportunities offered by BSV.

- Aaron Goldstein, Gambling911.com

Related Content

Dave & Busters

Suit Against Dave & Busters in South Carolina Court Claims Arcade Games Are Unlawful Gambling

A state advocacy group filed a suit in the District Court of South Carolina Florence Division late Wednesday April 15 arguing the chain’s games function as unlawful gambling rather than entertainment.
Fanatics Markets

Fanatics Markets Unveils Combos

Just in time for basketball’s postseason, Fanatics Markets is introducing a bigger way to trade with Combos.
Curacao

Curacao Is Still the Most Popular Gambling License. But the Rules Have Changed

If you have spent any time around the online gambling industry, you have heard the same pitch for Curacao a hundred times: cheap, fast, easy. For years that pitch was essentially accurate.
1Win airplane with man stepping out

Tyga Enters 1win VIP Program, as Platform Blends Crypto and Entertainment

1win continues to evolve its VIP ecosystem, bringing global rapper Tyga into its high-tier community while reinforcing its positioning as a crypto-first entertainment platform.