Coinbase customers have been reaching out to the U.S. Securities and Exchange Commission (SEC) with complaints, Mashable reported. After filing a Freedom of Information Act (FOIA) request with the agency, Mashable obtained 115 complaints made against the crypto exchange.
Responding to the outlet’s request for comment, Coinbase noted a surge of interest in its services in 2017. “As part of that, consumer demand for our services increased by 40x and we experienced transaction volumes in November and December of that year that grew by 295 percent,” a company spokesperson said in a statement.
And a bank in the Philippines – Rizal Commercial Banking Corp. (RCBC) – is partnering with Japanese banks on a blockchain remittance service that will reportedly make remittances quicker and less expensive, Cryptovest reported. The banks are under the Resona Holdings umbrella.
In other news, BBVA has partnered with Repsol to create blockchain-based finance apps, according to reports. The Spanish banking group has also transferred a credit facility of $375 million through a blockchain network.
And travelers at one European airport can use a bitcoin automated teller machine (ATM), The Next Web reported. Amsterdam Airport Schiphol installed a machine that lets people convert euros to bitcoins and Ethereum tokens for a trial period.
In other news, The U.S. Securities and Exchange Commission (SEC) has obtained a court order to freeze the assets of a PlexCoin co-founder, CoinDesk reported. The SEC obtained the order on June 15 for the assets of Dominic Lacroix, who the agency had reportedly sued for alleged fraud and securities violations last year.
And Nasdaq’s CEO says that initial coin offerings (ICOs) are taking advantage of retail investors, CNBC reported. As it stands, companies have raised billions through crypto this year, with a large chunk of funds generated from retail investors.
“To make it no rules at all, when companies can just willy-nilly take people’s money and offer no information at all, with no governance, that sounds to me like you’re taking advantage of people,” Nasdaq President Adena Friedman said at a conference on Wednesday (June 20).
In other news, Stellar is reportedly in discussions to buy blockchain startup Chain, Fortune reported. Chain has notched more than $43 million in funding from investors such as Khosla Ventures and Blockchain Capital.