Coinbase faces an SEC lawsuit over exchange and staking programs, causing a 14% pre-market stock decline.
The Securities and Exchange Commission launched a lawsuit against Coinbase, a crypto exchange, in New York federal court on Tuesday morning. The lawsuit accuses the company of functioning as an unregistered broker and exchange. The Commission demands that the company be prohibited from continuing to do so through a permanent restraining order. On Tuesday, before […]
The Reserve Bank of Australia increased its benchmark rate by 25 basis points to 4.1% on Tuesday, defying market expectations
While Philip Lowe, Governor of the Reserve Bank of Australia, acknowledges that the nation’s inflation may have “passed its peak,” he maintains that there is still evidence that it is continuing. “Recent data indicate that the upward risks to the inflation outlook have increased,” claims Lowe, “and the Board has taken action to address this.” […]