#coinbase
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Coinbase Launches International Exchange
Coinbase, one of the largest cryptocurrency exchanges in the world, has launched an international exchange for institutional traders outside the US. The platform will allow users to trade perpetual futures, which accounted for almost 75% of global crypto trading volume in 2022. 
Yesterday, an investor filed a lawsuit in Delaware Chancery Court, accusing Coinbase's board members, including Chairman and CEO Brian Armstrong, of selling $2.9 billion in stock during the company's public listing two years ago. The lawsuit claims that the board later revealed "material, negative information" that severely impacted market optimism.
In a separate legal issue, another lawsuit was filed in San Francisco on the same day, alleging that Coinbase violated Illinois' biometric privacy law. The complaint asserts that the company collected customer data without obtaining proper consent beforehand.
As Coinbase faces these dual legal challenges, it seems the company is in for a tumultuous ride. It remains to be seen whether these lawsuits are simply part of a fear, uncertainty, and doubt (FUD) storm brewing on the horizon, or if they represent more substantial concerns for the cryptocurrency giant. 
Coinbase-Backed Lawsuit Fights Tornado Cash Sanctions
Coinbase has joined six plaintiffs in a legal challenge against the US government's sanctions on Tornado Cash, a privacy-focused cryptocurrency mixer. The parties argue that the sanctions imposed by the Office of Foreign Assets Control (OFAC) are a violation of their Constitutional rights and are seeking to reopen Tornado Cash for all US-based citizens. 
Coinbase to Launch Inflation-Proof Stablecoins
Coinbase has released a list of ideas for developers that it's eager to fund and implement within its advanced Base ecosystem fund. One of the most interesting ideas is the creation of "flatcoins," or more specifically, stablecoins pegged to inflation levels. 
