Crypto News 

David Marcus leaves Coinbase board to focus on Facebook’s blockchain project

“Facebook revealed in May that it was building a team focused on blockchain applications that would be spearheaded by Marcus” writes Anna Hensel for venturebeat.com. Three months after Facebook announced that it was starting a blockchain initiative, the executive in charge of the project stepped down from his position as a board member at Coinbase, fueling more speculation about what the project will entail. Source: venturebeat.com Share This:

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Crypto Futures Markets News 

2 of the largest crypto exchanges have snagged veteran Wall Streeters as they build out businesses to lure in billion dollar investors

“Both have been building-out their services to attract large investors” writes Frank Chaparro for businessinsider.com. BitMEX and Coinbase, two of the largest market places for crypto, have snagged veteran Wall Streeters as the firms vie for more business from large traditional financial services companies, people familiar with the matter tell Business Insider.She will be work with other folks in Coinbase’s institutional business, which has been building out its white-glove broker business aimed at getting large firms onto Coinbase’s venue.Abendschein, who worked in Credit Suisse’s prime business, will play a role…

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Crypto News 

Coinbase Wrapping Up Final Testing for…

“The largest cryptocurrency exchange in the US began final testing for support for Ethereum Classic (ETC) on August 3” writes Joshua Morris for livebitcoinnews.com. Naturally, the price of Ethereum Classic has reacted after the recent announcement, even though it hasn’t received the official support just yet.According to the official statement, the cryptocurrency exchange expects to finalize testing for the addition of Ethereum Classic (ETC) by Tuesday, August 7th.The exchange will allow inbound transfers for 24 to 48 hours through Coinbase Prime and Coinbase Pro before they enable trading. Source: livebitcoinnews.com Share…

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Crypto News 

WooCommerce Users Can Accept Bitcoin Payments…

“A new tool by Coinbase will let any WooCommerce store owner accept Bitcoin payments” writes Jp Buntinx for livebitcoinnews.com. WooCommerce users can accept all of the major cryptocurrencies supported by the exchange.Will Coinbase’s WooCommerce plugin ease merchants’ barrier to entry for accepting cryptocurrencies as payment?.  Source: livebitcoinnews.com Share This:

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Crypto News 

Coinbase Explores Adding Custody Support for Ripple’s…

“Coinbase announced on Friday that it is exploring the addition of 37 new crypto assets to its popular Coinbase Custody service” writes Cynthia Turcotte for livebitcoinnews.com. To use the Coinbase Custody service, investors must store a minimum of $10 million worth of supported cryptocurrencies.Coinbase Custody is a new product offering aimed at institutional investors that promises to securely store digital assets.Are there any other crypto assets they should consider adding?.  Source: livebitcoinnews.com Share This:

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Crypto Markets News 

Bitcoin holds steady at $7,500; Coinbase makes inroads into U.K. market

“Bitcoin looked to stop the rot Thursday, trading marginally higher in early trading in New York” writes Aaron Hankin for marketwatch.com. CryptoWatch: Check bitcoin and other cryptocurrency prices, performance and market capitalization—all on one Providing critical information for the U.S. trading day.Read: A total collapse in bitcoin is a real possibility, says Nobel Prize–winning economist Krugman Altcoins, or coins other than bitcoin, are mostly higher Thursday.Customers will now be able to transfer pound sterling and use it to directly buy and sell these cryptocurrencies,” said Coinbase. Source: marketwatch.com Share This:

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Crypto News 

Crypto start-up Coinbase hires Pershing’s head of compliance 

“The San Francisco-based start-up announced Tuesday it will hire Jeff Horowitz as its first-ever chief compliance officer” writes Kate Rooney for cnbc.com. Despite the crypto bear market, Coinbase has been reinvesting its gains in everything from institutional investor products, to acquisitions, including a fully licensed broker-dealer.Horowitz was managing director and global head of compliance at Pershing, a subsidiary of BNY Mellon specializing in brokerage custody, clearing and settlement.Leading cryptocurrency trading platform Coinbase is beefing up its compliance team as part of an effort to legitimize the asset class in the…

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