Crypto News 

Mark Kelly Joins Coinbase as Head of Compliance for the UK

“Cryptocurrency exchange Coinbase is joined by one of the most-respected compliance experts in the financial industry” writes Victor Golovtchenko for financemagnates.com. Last year NEX got acquired by the CME Group in one of the biggest deals in the financial industry for the year.The regulatory landscape in the crypto space has been one of the most hotly debated issues in the industry. Source: financemagnates.com

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Coinbase Acquires API Data Management Startup Blockspring

“Under the agreement, Blockspring will still remain as its own independent company, the blog post stated” writes Celeste Skinner for financemagnates.com. This bumped the valuation of the cryptocurrency exchange up to $8 billion – five times higher than it was early in 2017 and making Coinbase one of the most valuable startups in the world.Coinbase has since confirmed the deal, although the company has refused to comment further.The value of the deal has not been disclosed and was announced earlier this week via Blockspring’s blog.Coinbase, one of the largest cryptocurrency…

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Coinbase: Ethereum Classic Double Spending Involved More Than $1.1 Million in Crypto

“A deep reorganization of the Ethereum Classic (ETC) blockchain, which reportedly included double spending, has involved more than $1.1 million worth of crypto, United States crypto exchange Coinbase revealed Monday, Jan. 7” writes Ana Berman for cointelegraph.com. As Cointelegraph previously wrote, Coinbase detected the ETC blockchain reorganization on Saturday, Jan. 5, and indicated that it was a 51 percent attack. Source: cointelegraph.com

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Crypto News 

Coinbase Reports Foiled Double Spend Attack

“A double spend attack is exactly as its name” writes Jd Alois for crowdfundinsider.com. Popular crypto exchange Coinbase published a blog post today reporting a double spend attack that was detected and stopped before any funds could be stolen.Coinbase sad that it detected a “deep chain reorganization of the Ethereum Classic blockchain” that was meant to facilitate the hack.The attack takes place when cryptocurrency is spent more than once. Source: crowdfundinsider.com

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Ethereum Classic cryptocurrency pulled from Coinbase after attack

“To do this, attackers took control of more than half of the processing power that computes and stores the Ethereum Classic blockchain” writes Laura Hautala for cnet.com. On Monday, cryptocurrency trading hub Coinbase said it would no longer facilitate trades in Ethereum Classic because the exchange had determined the cryptocurrency had fallen victim to an attack that let someone spend the same coins twice. He added that potential for an attack like this one is a problem faced by all cryptocurrencies, and doesn’t mean Ethereum Classic was especially vulnerable.According to…

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Crypto News 

A well-known cryptocurrency may have just suffered a confidence-breaking attack

“A major cryptocurrency exchanges said Monday that it had suspended movement of widely known token ethereum classic after it detected a potential attack on the digital coin’s underlying technology” writes unknown author for cnbc.com. It could have been the result of what is known as a 51 percent attack, exposing a potential flaw in the cryptocurrency’s underlying technology known as the blockchain. In essence, Coinbase is saying that a malicious party may have been able to wrest control of more than 50 percent of ethereum classic’s network, and therefore was…

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Coinbase says it’s halted Ethereum Classic transactions, withdrawals, and deposits, after a 51% attack on the cryptocurrency led to coin double-spending

“Crypto exchange Coinbase has halted all ethereum classic transactions, withdrawals and deposits due to a series of blockchain history reorganizations on the network” reports coindesk.com. Recent reports from Coinness stated that “certain abnormality” had been detected in the mining hash rate of a private ethereum classic mining pool.Ethereum classic saw more than 100 blocks “reorganized” during a 51 percent attack late Sunday, according to at least two different block explorers – Bitfly (Etherchain) and Blockscout. Source: coindesk.com

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Coinbase Exec Joins Stablecoin Issuer TrueUSD as Head of Compliance

“Trust Token is the issuer of TrueUSD (TUSD), which has been listed on top crypto exchange Binance as of last May” writes Marie Huillet for cointelegraph.com. A former senior employee at United States crypto exchange Coinbase has left the industry giant to join stablecoin issuer TrustToken as head of compliance, according to the company’s official website Jan. 4.Vaishali Mehta, whose LinkedIn profile indicates she served just over a year as senior compliance manager at the major San Francisco-based exchange, reportedly joined TrustToken in December 2018.In October, Adam White — Coinbase’s…

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Coinbase CEO Highlights $300 Million Funding in Q4 Update

“Finally, Armstrong noted that Q4 of 2018 saw Coinbase raising a total of $300 million in seed funding from investors” writes David Kimberley for financemagnates.com. With regard to the former, the company added so many that it’s worth only listing the really notable ones.Most notably, the company added cryptocurrency trading pairs, lending further credence to the idea that Coinbase is more a broker than an exchange.In said post, Armstrong, who co-founded Coinbase back in 2012, posted a number of ‘achievements’ that the cryptocurrency exchange attained in the fourth quarter of…

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