Wednesday, September 18, 2019
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CFTC Appoints Former Coinbase Exec as Director of Market Oversight

Coinbase’s vice president Dorothy D. DeWitt will now serve as director of the division of market oversight at the United States Commodity Futures Trading Commission (CFTC).The U.S. CFTC Chairman Heath P. Tarbert announced on Sept. 17 that DeWitt will take responsibility for the CFTC’s oversight over derivatives platforms and

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Coinbase Launches USDC-Based Initiative to Support DeFi Developers

Cryptocurrency trading platform Coinbase has launched the new USDC Bootstrap Fund aimed at the improvement of Decentralized Finance (DeFi).As the company announced on Sept. 10, Coinbase set up the USDC Bootstrap Fund to support developers who build DeFi protocols by investing USD Coin (USDC) directly in the protocol. Coinbase

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Coinbase, Ripple Leave Top 10 of LinkedIn’s ‘Hottest’ Startups List

Cryptocurrency exchange Coinbase and Ripple, the blockchain startup behind XRP, have fallen out of the top 10 of this year’s business and employment-oriented service Linkedln’s “The 50 hottest U.S. companies to work for” list.According to the new LinkedIn’s list published on Sept. 4, Ripple moved to the 28th place

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Startup Tests New Ethereum Sidechain Following Coinbase Investment

Following investment from Coinbase Ventures, Offchain Labs has opened up the Alpha version of its Ethereum (ETH) scaling solution, dubbed Arbitrum.Enterprise-focused blockchain startup Offchain Labs said that their solution will enable processing speed of more than 500 transactions per second for Ethereum applications, industry-focused news outlet Crypto Briefing reported

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Coinbase and Barclays Part Ways, Will UK Users Be Affected?

It is being reported that Barclays, the London-based global bank, recently stopped banking for Coinbase, the United States-based crypto exchange. Coinbase reportedly found a quick replacement in the form of another United Kingdom-based establishment, ClearBank. While Barclays connected San Francisco-based Coinbase to the U.K. Faster Payments Scheme (FPS), enabling instant

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Coinbase Custody acquired crypto wallet provider Xapo

Coinbase Custody, the U.S.-based crypto exchange Coinbase’s crypto custody service for institutional investors, acquired crypto wallet provider Xapo’s institutional custody business. The transaction value was not disclosed by Coinbase. But Fortune, quoting a person familiar with the matter, said Coinbase paid $55 million, higher than what Fidelity had proposed. The acquisition has grown

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How Coinbase Quietly Became the World’s Biggest Bitcoin Bank

On August 15, the San Francisco-based digital currency exchange Coinbase announced that it had acquired the cryptocurrency custody service Xapo’s institutional branch. The business move puts Coinbase in the limelight, making it the largest custodial service for digital assets worldwide, with more than $7 billion under custody. Also Read: Hong Kong

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