Crypto exchange Coinbase (COIN) is now faced with a number of new headwinds because of the&nbsp;<a href="https://www.coindesk.com/markets/2022/11/12/the-epic-collapse-of-sam-bankman-frieds-ftx-exchange-a-crypto-markets-timeline/">collapse of rival FTX</a>, Bank of America said Friday, as it downgraded its rating on the stock to neutral from buy.

Fintech unicorn TrueLayer is partnering with Coinbase to enable UK users to top up their accounts via their mobile banking app. This is part of a broader push into digital assets as the open-banking company eyes adding a stablecoin product to its crypto-focused offering.&nbsp;

After Coinbase lists AVAX on the platform, Avalanche blockchain enters the Japanese market. AVAX can now be traded on desktop computers and mobile devices throughout the region. The Avalanche blockchain’s native token can be used for minting non-fungible tokens, playing games in the Web3 sphere, funding DeFi applications, and safeguarding the network, among many others.

Coinbase announced that it will add support for Lido DAO ($LDO) on the Ethereum network. Trading will begin on or after 9AM PT on November 17th, if liquidity conditions are met.&nbsp;&nbsp; Coinbase also added MultiversX (Previously Elrond) (EGLD) to the roadmap today.

Coinbase said on Twitter that they&nbsp;have zero exposure to Genesis Trading.&nbsp; &nbsp;

Coinbase CEO Brian Armstrong sold more than 30,000 Class A Coinbase shares for $1.6 million on Nov. 11, according to a filing with the U.S. Securities and Exchange Commission reported by Coinbase.&nbsp; He also converted Class B shares into Class A shares.&nbsp;

U.S.-based cryptocurrency exchange Coinbase has officially submitted its amicus brief to support Ripple Labs Inc. in the lawsuit the U.S. Securities and Exchange Commission (SEC) filed in 2020 against Ripple.

Prominent crypto exchanges Kraken, Coinbase and Gate.io became the first exchanges to publish proof-of-reserves, including liabilities, as part of their audits.

Binance US and Coinbase are among the bidders for the BlockFi credit card program and its associated customers, Blockworks has learned, while smaller fintech competitor Curve is also in the hunt for the approximately 87,500 BlockFi accounts.

(Reuters) - Coinbase Global Inc will write off the investment its ventures arm made in cryptocurrency exchange FTX in 2021, according to a person familiar with the matter.