Coinbase is looking to hire someone to lead its internal diversity efforts

Crypto exchange Coinbase is on the hunt for a new diversity executive — a move that follows a public backlash for a blog post penned by its CEO about its avowed apolitical mission.  According to a job ad, the director-level position for belonging, diversity, and inclusion will “plan, execute and deliver experiences that foster belonging […]

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MicroStrategy’s bitcoin bet is creating a buzz that could help the business

MicroStrategy just turned in one of its strongest quarters in the last decade, according to CEO Michael Saylor — and part of that has to do with its bitcoin strategy. During the software firm’s Q3 earnings call, Saylor devoted much of his floor time to extolling the virtues of bitcoin. The company has made the […]

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FinCEN proposes lower threshold for transaction data-gathering under FATF’s ‘travel rule’ including those made with crypto

Newly proposed rule changes from the Financial Crimes Enforcement Network (FinCEN) and the U.S. Federal Reserve would, if approved, drop the transaction reporting threshold under the international “travel rule,” including those made with cryptocurrencies and digital assets. As noted in the proposed rule change document, the amendments “would reduce this threshold from $3,000 to $250 […]

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Code is (still) not law, contrary to new crypto lawsuit claims

Code is not law. It’s not even a municipal ordinance. Nonetheless, this misunderstood meme has been the raft on which more than a few ill-conceived crypto schemes have set sail. The idea (as articulated by crypto meme-makers) is that, if deployed, blockchain code allows any sort of behavior to take place as long as it’s […]

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Crypto’s latest M&A deal features a unique element: a token ‘merger’

European crypto exchange LGO and publicly traded brokerage Voyager are merging. The deal is the latest M&A deal in the digital asset market following tie-ups between Binance and CoinMarketCap as well as FTX and Blockfolio. A spokesman for LGO did not comment on the financial details of the merger, noting that LGO’s assets will be […]

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Fed chair Powell: A central bank digital currency could improve the payment system in the U.S.

Jerome Powell, the chairman of the U.S. Federal Reserve, has acknowledged that a central bank digital currency (CBDC) could lead to improvements in the broader payment system in the U.S. During a panel discussion on cross-border payments hosted by the International Monetary Fund (IMF) on Monday, Powell said that “there are a number of ways […]

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New data show how dominant Tether has become as a trading pair on crypto exchanges

Bitcoin used to be far and away the most popular trading pair at crypto exchanges. These days, the distinction belongs to Tether. Around 70% of the trading volume at exchanges is now denominated in Tether, while 15% is denominated in bitcoin and another 4% is in other stablecoins.   In the first quarter of 2017, bitcoin […]

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Skynet Labs unveils new platform for developing decentralized social media apps

Skynet Labs, the blockchain company building the Sia decentralized cloud storage platform, has launched SkyDB, a platform for developers who want to build decentralized social media platforms.  SkyDB will allow users to create decentralized accounts and store data in those accounts, which will be accessible from anywhere, according to a company announcement. Users will not […]

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Coinbase’s chief compliance officer is set to leave the firm

Coinbase’s chief compliance officer Jeff Horowitz is set to exit the cryptocurrency exchange, according to several people familiar with the personnel move.  Horowitz, who’s career in financial services compliance spanned firms like Lehman Brothers and Citigroup, joined Coinbase in 2018. As the firm’s first CCO, he played a role in shaping Coinbase’s anti-money laundering policies as […]

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The Graph is implementing state channels technology on its Ethereum-based network

Indexing protocol The Graph is deploying scalable generalized state channels on its Ethereum-based network, the San Francisco-based startup announced Friday.  The development will enable users to connect directly to a distributed network of decentralized service providers to enable faster and more secure peer-to-peer micropayments, according to the team behind the project. The Graph collaborated with […]

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