Investing.com -- Shares of Coinbase (NASDAQ: NASDAQ:COIN) dropped 6.5% after reports emerged that the Securities and Exchange Commission (SEC) is investigating the cryptocurrency exchange for potentially misstating its user numbers. The New York Times (NYSE:NYT) reported that the SEC’s inquiry, which began during the Biden administration and has continued under the Trump administration, is exa ...
By Niket Nishant and Chris Prentice (Reuters) -Coinbase forecast a hit of $180 million to $400 million from a cyberattack that breached account data of a "small subset" of its customers, the crypto exchange said in a regulatory filing on Thursday. The company received an email from an unknown threat actor on May 11, claiming to have information about certain customer accounts as well as internal d ...
By Jody Godoy (Reuters) -The U.S. Federal Trade Commission is looking to trim its headcount by around 10%, its chairman told Congress on Thursday, insisting the agency will be able to continue antitrust and consumer protection work with what would be its smallest staff in 10 years. The FTC is in the midst of an "unprecedented time," pursuing antimonopoly cases against companies including Meta Plat ...
By Gram Slattery, Andrew Mills, Federico Maccioni and Yousef Saba ABU DHABI (Reuters) -President Donald Trump on Thursday pledged to strengthen U.S. ties to the United Arab Emirates and announced deals with the Gulf state totalling over $200 billion and the two countries also agreed to deepen cooperation in artificial intelligence. After Trump’s meeting with UAE President Sheikh Mohamed bin Zaye ...