Business Insider sat with Coinbase’s Dan Romero who recently took on the role of general manager and vice president of the company in January; the interview covered the company’s plans for growth on the engineering and product sides; he said the company is looking to become for cryptocurrency what Google has become for search; the interview also talks through the recent SegWit upgrade, where Coinbase is headed in the next few years and how they compare to their biggest competitors. Source.
Blockchain Week New York, headlined by the Consensus 2018 conference, has wrapped up. There was more blockchain and cryptocurrency hype...
Last week, it was BlackRock announcing their bitcoin ETF, and now we have a consortium involving Citadel Securities, Fidelity, and Schwab launching a new crypto exchange called EDX Markets.
According to Nasdaq CEO Adena Friedman, the company is open to becoming a cryptocurrency exchange; Friedman stated, "I believe that digital currencies will continue to persist it's just a matter of how long it will take for that space to mature. Once you look at it and say, 'do we want to provide a regulated market for this?' Certainly Nasdaq would consider it.”; Friedman was less bullish on the future of ICOs. Source
Japanese cryptocurrency exchange Coincheck was hacked and saw the theft of $543mn worth of customer holdings; the Japanese regulator, FSA, said it was concerned that most of the funds were kept in hot wallets online, instead of cold wallets offline; seeing that this is not the first hack of a hot wallet model the regulators might start mandating customer funds be held offline; nothing has been passed yet but the more thefts we see the more regulators will look to try and mitigate future issues. Source.
Many of the top cryptocurrencies have fallen in price as of late; Coindesk shares a chart highlighting the percentage decline of the top 10 crypto assets; the biggest losers at time of writing are Cardano, Stellar and Ripple. Source
The new lender called Nexo will launch Monday and recently raised $50 million; the team behind the firm run a...
Chain CEO Adam Ludwin sat with Business Insider to talk about blockchain technology and cryptocurrencies; the interview goes through the basics of what blockchain technology is and how it has been viewed by the wider market in recent years; the hype around the technology has made many believe it can transform anything and everything; in reality, Adam says, it is a tool that should be applied where relevant; they also explore the differences in selling into an institution and how the technology is used in bitcoin transactions. Source.
Cryptocurrency exchange Coinbase has been hit with a class action lawsuit that alleges insider trading during their launch of bitcoin cash; the plaintiffs are accusing the exchange of tipping off insiders prior to the official launch; prices of bitcoin cash spiked ahead of the launch and Coinbase did say they would conduct an investigation into the matter, plaintiffs claim the results have yet to be revealed. Source.
Even as crypto firms are able to raise billions in capital they are still largely shut out of the banking...