Tagged: coinbase

Coinbase Exchange Cuts Remote Staff

Though Coinbase announced it raised $300 million “from high-quality investors” last week, the cryptocurrency exchange also laid off an estimated 15 people working remotely in support, compliance, and fraud departments, Yahoo Finance reports. Coinbase would not confirm how many employees were cut, it did admit… Read More

Investment Firm Wilshare Phoenix Partners with Coinbase Custody on $500 Million Crypto Fund

Wilshire Phoenix, an investment firm that provides multiple services including advisor and asset management, has partnered with Coinbase Custody on a $500 million crypto fund. Coinbase Custody is part of digital asset marketplace Coinbase which claims more than 25 million global customers. According to Wilshire… Read More

Coinbase COO Says the Crypto Exchange Has No Plans for IPO

Coinbase has opted to raise funds from, “some very high quality investors….who have a very constructive thesis on crypto,” in a series round and won’t be doing an initial public offering (IPO) any time soon, Bloomberg reports. “There’s not going to be an IPO any… Read More

New World Order: Coinbase Valued at $8 Billion in Funding Round

Revealed last week during the Crypto Invest Summit, Coinbase now sports a huge $8 billion in valuation following a $300 million Series E funding round. Today, Coinbase COO Asiff Hirji provided a personalized update on the funding in a blog post. Hirji stated: “Today, we’re pleased… Read More

San Diego LocalBitcoins Dealer Pleads Guilty to Money Laundering, Forfeits “Ill-Gotten Gains”

Jacob Burrell Campos, 21, plead guilty in San Diego yesterday to operating an unlicensed money business and agreed to forfeit $823,357.00, according to a news release from the US Attorney’s Office-Southern District of California. Mr Campos admitted he traded hundreds of thousands of dollars of… Read More

Coinbase Approved by New York State Department of Financial Services as Custody Trust Company

The New York State Department of Financial Services (DFS) has approved Coinbase to form Coinbase Custody Trust Company. Additionally, DFS has approved Coinbase to Custody Bitcoin, Ethereum, Bitcoin Cash, Ether Classic, Litecoin and XRP. Providing a custody service is vital for the participation of institutional… Read More

Coinbase Teams Up With Circle to Launch USDC Stablecoin

Crypto marketplace Coinbase announced on Tuesday it has teamed up with Circle to launch the USDC stablecoin. Coinbase reported that the new stablecoin is fully collateralized by U.S. dollars and supported by the marketplace and Circle as co-founding members of the CENTRE Consortium. According to Coinbase, customers… Read More

Coinbase Announces EU Expansion: Opens New Office in Dublin

Crypto marketplace Coinbase announced on Tuesday it has continued its European expansion by opening its new office in Dublin. According to Coinbase, the expansion will create new jobs and grow the burgeoning Irish crypto economy. The marketplace then confirmed that the number of its customers in the… Read More

Shade: Cobinhood Says Coinbase is Catching up to its ICO Platform with More Altcoin Listings

As we reported last week, Coinbase has announced a process where any and all altcoins can apply to list and trade on the growing Coinbase platform. Currently, the application process is free and Coinbase aptly notes that accepted crypto will be regulatory compliant and only… Read More

The Crypto Custody Conundrum

As the crypto markets have evolved rapidly during the last year and institutional investors (like Arca Funds) have begun to invest, fitting into the existing financial services framework has proven difficult. The primary debate around legacy intermediary systems and how they relate to real money… Read More

Industry Advocates in Washington, DC This Week to Consult on Cryptocurrency Legislation

Warren Davidson

Representatives from Wall Street and prominent US crypto investment/services firms are convening in Washington this week to attend a legislative roundtable hosted by Republican Representative Warren Davidson of Ohio, CNBC reports. Attendees at the roundtable, titled “Legislating Certainty for Cryptocurrencies,” are reportedly hoping to influence… Read More

Coinbase Creates Path for Altcoins to Trade on its Digital Asset Exchange

coinbase on screen

Coinbase has announced a new path for altcoin creators to apply to trade on the crypto exchange. Shared in a blog post yesterday, Coinbase stated: “Today we’re announcing a new process that will allow us to rapidly list most digital assets that are compliant with… Read More

Coinbase & Caspian Partner on Institutional Crypto Trading

Robert Dykes

Hong Kong based Caspian has formed a partnership with Coinbase, according to a note from Caspian. Caspian is a “full-stack cryptoasset management platform” that links exchanges and institutional money. Coinbase is one of the largest crypto exchanges in the world that has charted a path… Read More

Anticipating Mainstream Push into Crypto, Coinbase Exchange Hiring at Institutional Trading Desk

Help Wanted

American crypto exchange Coinbase is hiring massively to staff brand new New York offices built exclusively to accommodate institutional clients, Coindesk reports. The exchange held a party to inaugurate the new office last week. Employees had previously occupied co-working space at WeWork NYC. Coinbase hopes… Read More

Why the Charity Sector Desperately Needs to Adopt Blockchain Technology

Currently, all eyes are fixed on the financial applications of blockchain technology. The idea of transferring money between two parties without a bank’s involvement is revolutionary stuff. Transferring money for charitable purposes is also fraught with middlemen. Charities, just like financial institutions, are beset by… Read More

Coinbase Announces More Trading Pairs in British Pound Sterling

Having previously announced support for British Pounds, Coinbase has announced it will introduce new trading pairs for Coinbase Pro. Beginning this Friday, Coinbase will offer exchanges in: ETH–GBP, ETC–GBP, LTC–GBP and BCH–GBP. Coinbase already supports Bitcoin to Pounds. Trading pairs will be launched in stages –… Read More

Exchange Rankings Shake Up: Researchers Say Two-Thirds of Crypto Trade Volume is Fake

Two-thirds of all trade volume in crypto- or $6 billion dollars per day- is faked, say researchers at the Blockchain Transparency Institute (BIT), and many of the world’s “top” crypto exchanges aren’t even coming close. The researchers made their conclusions after comparing the order books… Read More

How Poor Treasury Management is Killing ETH

2017 was a landmark year for crowdfunding. The JOBS Act passage coincided with blockchain, opened the door for a record in capital raised through ICOs (initial coin offerings) for early stage companies as well as Wantrepreneurs with an idea and a whitepaper.  ICOs were launched… Read More

Toshi No More: Ethereum Network Browser Renames to Coinbase Wallet

Crypto marketplace Coinbase announced on Wednesday Ethereum network browser Toshi is becoming Coinbase Wallet. Toshi was notably developed by the Coinbase team just a little over a  year ago and when it launched, Toshi featured what Coinbase claims to be the world’s first mobile decentralized application (dapp) browser…. Read More

Report: Coinbase Says it was Signing Up 50,000 A DAY Last Year. Meanwhile Crypto Tanks

Even while crypto is tanking inciting fears of crypto doom, Coinbase marches onward ignoring the daily vacillations of the market. In a report from Bloomberg today, Coinbase CEO Brian Armstrong shared that during 2017 they were signing up a whopping 50,000 each and every day. He… Read More

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