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Bitcoin Exchange Backed by Pomp, Song and Woo Removes Trading Fees to Contend With Coinbase, Gemini

Upstart crypto exchange LVL wants to take on U.S. giants Coinbase and Gemini by removing trading fees.Announced today, LVL (pronounced “level,” as in playing field) is making its entire service free to use. LVL, which is backed by Morgan Creek Digital’s Anthony Pompliano and Bitcoin advocates Jimmy Song and Willy

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NYT Reports Allegations of ‘Racist or Discriminatory’ Treatment of Employees at Coinbase

The New York Times has published a critique of Coinbase’s internal diversity policies, with several former employees complaining of “racist or discriminatory” treatment. The report by journalist Nathaniel Popper, published Friday, is based on commentary from 23 current and former Coinbase employees. It paints the picture of a company that “has

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Coinbase Preemptively Rebuts Unpublished New York Times Expose

Cryptocurrency exchange Coinbase has publicly shared an internal letter pushing back at an as-yet unpublished article in the New York Times that, it says, will allege Black employees had “negative experiences” while with the firm.The letter, posted on the company’s blog Thursday, states that NYT journalist Nathaniel Popper has been

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Coinbase CEO: Trump Administration May ‘Rush Out’ Burdensome Crypto Wallet Rules

Brian Armstrong is worried the Trump Administration is about to send the cryptocurrency industry a parting gift.The Coinbase CEO took to Twitter Wednesday night to blast the U.S. Treasury Department’s rumored plans to attempt to track owners of self-hosted cryptocurrency wallets with an onerous set of data-collection requirements.If the whispers

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Blockchain Bites: Coinbase Cuts Margin Trading, Binance Sweeps US Clients, OKEx Offers Rebates

Coinbase cuts margin trading. Binance sweeps out U.S. customers. OKEx offers rebates to clients affected by its five-week pause.Top shelfTax changeCoinbase will no longer send customers 1099-Ks, the U.S. tax form that led the Internal Revenue Service (IRS) to mistakenly think traders had underreported their gains. The exchange will instead

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Coinbase Ditches US Customer Tax Form That Set Off False Alarms at IRS

Cryptocurrency exchange Coinbase has decided to discontinue sending customers 1099-Ks, the U.S. tax form which led the Internal Revenue Service (IRS) to mistakenly think traders had underreported their gains. The exchange will instead use the 1099-MISC form, at least for customers who earn interest on lending and similar products, it said

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