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Coinbase is considering integrating Bitcoin’s Lightning Network to facilitate quicker crypto payments. The exchange’s CEO, Brian Armstrong, hinted at it in response to a tweet by Jack Dorsey. The Twitter co-founder, in his turn, questioned Coinbase’s approach toward Bitcoin (BTC) and Lightning Network adoption. We’re looking into how to best add Lightning. It’s non-trivial, but I think worth doing. I’m all for payments taking off in Bitcoin. Not sure why you think we’re ignoring Bitcoin – we’ve onboarded more people to Bitcoin than probably any company in the world. Let’s build it… https://t.co/9dFGYd6XZt — Brian Armstrong ️ (@brian_armstrong) August 2, 2023 Armstrong voiced enthusiasm for integrating it into Coinbase, emphasizing that although the integration is complex, the advantages of facilitating speedier Bitcoin payments make it worthwhile. You might also like: Binance integrates The Bitcoin Lightning Network Coinbase’s apparen...

Coinbase chief Brian Armstrong says the Securities and Exchange Commission (SEC) asked the exchange to cease trading on every asset but bitcoin shortly before it launched a lawsuit against the company for operating an unregistered broker, exchange, and clearing agency. Speaking to the Financial Times (FT), Armstrong claims the SEC told him that it believed every asset other than bitcoin is a SEC urity. According to Armstrong, “We said, well how are you coming to that conclusion, because that’s not our interpretation of the law. And they said, we’re not going to explain it to you, you need to delist every asset other than bitcoin.”  Coinbase refused to comply with the SEC’s request, preferring instead to “ find out what the court says .” “We really didn’t have a choice at that point, delisting every asset other than bitcoin, which by the way is not what the law says, would have essentially meant the end of the crypto industry in the US,” Armstrong told FT. “It kind of made it...

Kevin O’Leary criticizes Coinbase CEO Kevin O’Leary criticized Coinbase CEO Brian Armstrong for taking on the SEC. The financial regulatory enforcement agency on Tuesday sued the US-based firm for acting as an exchange, a broker, and a clearing agency without registering with the regulator. Coinbase also offered and sold securities without registering its offers and sales, the SEC has alleged. In an interview with Yahoo Finance, Kevin O’Leary said, Armstrong is a pioneer but if he worked for me, I’d fire him. I don’t want to go to war with SEC Chair Gary Gensler. O’Leary further added that if he were on the board or a shareholder of Coinbase , he would have withdrawn his money. Welcoming the SEC crackdown on Coinbase , he said he had no interest in putting money towards a service that was “at war” with the SEC. The shark tank claims to have lost $15 million on now defunct crypto exchange FTX, whose founder is charged with multiple criminal and civil offenses. Coinbas...