The head of policy at Coinbase has left the U.S.’ largest exchange and wallet provider to work at investment giant Andreessen Horowitz, Bloomberg quotes a statement as confirming Nov. 22. Mike Lempres, who worked only briefly in the role after swapping over from being Coinbase’s legal head in September, had already decided to leave at the time, the publication says. Like all exchanges serving the U.S. market, Coinbase continues to battle patchwork regulatory frameworks that vary state to state, as well as ongoing reviews of the status of certain types of cryptocurrencies. While it remains unknown who will replace Lempres, …
Major U.S. crypto exchange and wallet provider Coinbase has raised $300 million in a fresh funding round that brings its post-money valuation to $8 billion, according to an official blog post published today, Oct. 30. The Series E equity financing round was reportedly led by investment firm Tiger Global Management, with participation from a host of backers well-known for their investments in the crypto space, such as Y Combinator Continuity, Wellington Management, Andreessen Horowitz, and Polychain, among others. According to Coinbase, the funds will be used to “accelerate” the adoption of cryptocurrencies, with plans to build infrastructure to support regulated …
Coinbase has appointed former PayPal and Facebook executive David Marcus to its board of directors as the second high-profile hire in a week. In a dedicated blog post Tuesday, CEO Brian Armstrong said Marcus’ “knowledge of both the payments and mobile space” was what would help “guide” the largest US Bitcoin exchange and wallet provider going forward. “David’s perspective and experience in bringing innovative and impactful products to market will be invaluable to Coinbase as we grow,” he explained. Growth at Coinbase has become no laughing matter this year as the company goes through a second hyper adoption phase which …
For the uninitiated, the world of cryptocurrencies and blockchain technology can be daunting, confusing and difficult to comprehend. Three industry experts and a skeptical economist explore the past, present and future of the burgeoning technology in a new online learning series. Masterclass is a web-based education platform that offers “classes” from subject matter experts in their respective spheres of influence. You can learn how to cook with Gordon Ramsay, explore the art of acting with Natalie Portman or master the tennis racket with Serena Williams. Its newly launched series on cryptocurrencies, blockchain and Web3 technology follows in the same vein. …
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin price drops to $3,637, rebounds above $5,200 within minutes Whenever there’s a big crash on the stock market, traders on Wall Street are often pictured with their heads in their hands — surrounded by a sea of screens with red numbers. This week, it was crypto’s turn. Bitcoin prices had been relatively stable in …