Crypto News 

Coinbase has hired a CFO, Alesia Haas

“Coinbase has finalized its plan to hire a chief financial officer, making an addition that could help the company prepare for an initial public offering down the road” writes Apr Edt for recode.net. It’s the latest big hire in a string of C-suite activity at the cryptocurrency exchange, which over the last few months has hired a chief technology officer and vice presidents of communications, M&A and finance.Recode reported in February that the company was in late-stage talks with a number of candidates. While adding a high-powered CFO is often…

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Crypto News 

New York AG Schneiderman launches an inquiry into cryptocurrency exchanges, sending a letter to 13 of them, including Coinbase, Gemini, Kraken, and Bitfinex

“New York Attorney General Eric Schneiderman launched an investigation into bitcoin exchanges today, his office announced” writes Apr Edt for theverge.com. Many of the exchanges Schneiderman is targeting, such as Beijing-based Huobi, have headquarters located outside the US, but the attorney general has jurisdiction over any foreign business operating in New York.The questionnaire also asks for specific details on how exchanges might suspend trading or delay orders, indicating Schneiderman is particularly concerned with exchanges manipulating the timing of public orders.In upstate New York, one city banned cryptocurrency mining, while an…

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Crypto News 

Coinbase acquires Earn.com, brings CEO Balaji Srinivasan onboard as first-ever CTO

“As part of the deal, Balaji Srinivasan, Co-founder and CEO of Earn.com, will join the crypto-exchange as its first-ever Chief Technology Officer (CTO)” reports yourstory.com. The Earn.com deal is the company’s fifth acquisition till date.In a blog post about the acquisition, Brian Armstrong, CEO, Coinbase, wrote, “Today, I’m thrilled to announce that Coinbase has acquired Earn.com, and as part of the acquisition, Earn’s Co-founder and CEO, Balaji Srinivasan, will join Coinbase as the company’s first Chief Technology Officer (CTO).The company also announced the setup of Coinbase Ventures, an early-stage venture…

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Crypto News 

$1.6 billion bitcoin exchange Coinbase just acquired a smaller competitor

“On Friday, Coinbase announced its acquisition of Cipher Browser, a cryptocurrency wallet company that lets users store ethereum-based tokens” writes Becky Peterson for businessinsider.com. So it’s no surprise that the $1.6 billion bitcoin exchange has taken a page from Google’s own playbook: acquiring a small, but nimble competitor. Source: businessinsider.com Share This:

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Brokers Crypto News 

Coinbase might become a brokerage firm

“US cryptocurrency company Coinbase is in talks with the US Securities Exchange Commission (SEC) to be registered as a licensed brokerage firm and electronic trading venue” writes Lea Nonninger for businessinsider.com. However, as a licensed brokerage, Coinbase would be allowed to expand its offerings to securities, and thereby such assets.Crypto exchange operators like Coinbase are conventionally not allowed to offer assets to their clients that the SEC deems to be securities. Source: businessinsider.com Share This:

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Crypto News 

Leading US cryptocurrency marketplace Coinbase steps up efforts to expand business

“A source familiar with the situation confirmed to CNBC that the cryptocurrency company is in talks with the agency about registering its business” writes David Paul Morris for cnbc.com. Coinbase, the leading U.S. marketplace for cryptocurrencies, is working on ways to expand its business as it tries to stay ahead of the competition.The company is widely considered the most legally compliant in the industry and under current conditions has chose to only list four coins: bitcoin, bitcoin cash, ethereum and litecoin.Overstock.com says it has a license for an “alternative trading…

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Crypto News 

Coinbase COO says exchange will launch venture-capital arm for digital-currency projects

“The move comes a month after Coinbase announced a crypto-focused index fund, targeted at accredited retail investors” writes Mark Decambre for marketwatch.com. Beyond virtual units, companies are pursuing ways to use and monetize the technology that underpins cryptocurrencies: the distributed ledger, or blockchain.A single bitcoin was recently trading at $6,720, according to Coindesk.com, down about 66% since its peak in mid December. Source: marketwatch.com Share This:

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Crypto News Platforms 

Coinbase will support Ethereum ERC20 tokens on its exchange

“Coinbase has traditionally been extremely selective when it comes to adding new coins on its platform, but it appears things might be about to change: the San Francisco-based company has announced plans to support Ethereum-based ERC20 tokens on its cryptocurrency exchange desk in the near future” reports thenextweb.com. In late December last year, the exchange desk was in the middle of an insider trading controversy after Bitcoin Cash (BCH) experienced an abrupt jump in price moments before Coinbase announced support for the currency.Coinbase took to Medium to reveal its plans to…

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