Is Coinbase a 'first insider trading case' involving cryptocurrency?

REUTERS/Dado Ruvic/Illustration/ Acquire Licensing Rights NEW YORK, Feb 7 (Reuters) - A former Coinbase Global Inc (COIN.O) product manager pleaded guilty on Tuesday in what U.S. prosecutors have called the first insider trading case involving cryptocurrency, his defense lawyer said in a court hearing.

Is Coinbase a 'abuse of power'?

Coinbase is one of the world's largest cryptocurrency exchanges. The company has said it shared its findings from an internal probe into the trading with prosecutors. On Monday, Ishan Wahi asked a judge to dismiss a parallel lawsuit from the Securities and Exchange Commission (SEC), saying that charges represent an "abuse of power" by the agency.

When is Coinbase sentencing?

U.S. District Judge Loretta Preska scheduled his sentencing hearing for May 10. Coinbase is one of the world's largest cryptocurrency exchanges. The company has said it shared its findings from an internal probe into the trading with prosecutors.

Where is the cryptocurrency represented in this illustration?

A representation of the cryptocurrency is seen in front of Coinbase logo in this illustration taken, March 4, 2022. REUTERS/Dado Ruvic/Illustration