Coinbase Taps Regulation Veteran for First-Ever Crypto Compliance Chief

Founded in 2011 by Stephen Pair and Tony Gallipi, BitPay is a payment processor that enables businesses to accept bitcoin payments. After onboarding 10,000 merchants to accept bitcoin with their services in 2013, BitPay raised $30 million in a Series A round led by venture capital firm Index Ventures in 2014. In May 2016, Bipay…

Famed economist Nouriel Roubini plans to strike a fiery tone on cryptocurrency and blockchain before a group of U.S. senators on Thursday. Roubini will testify before the U.S. Senate Committee on Banking, Housing and Urban Affairs alongside Coin Center director of research Peter Van Valkenburgh in a hearing entitled "Exploring the Cryptocurrency and Blockchain Ecosystem."…

Grayscale is seeking approval from the SEC to introduce the Grayscale Bitcoin Mini Trust, seeded by a percentage of GBTC shares.The Grayscale Bitcoin Mini Trust (BTC) will have lower fees and moving over from GBTC will not trigger a capital gains tax event.The fees, which are not being disclosed at this time, will be competitive

The Hong Kong Stock Exchange (HKEX) has proposed that fintech firms, including those focused on blockchain and cryptocurrency, are best regulated under existing financial regulations. In a research report published Oct. 18, the HKEX's Chief China Economist's Office and Innovation Lab looked primarily at the potential of blockchain and AI within areas of finance, providing an…

Aug 18, 2020 at 18:48 UTCUpdated Aug 18, 2020 at 18:51 UTCGate of India, Mumbai (Social Media Hub/Shutterstock)Binance-Owned WazirX Announces DeFi Project With MaticThe Mumbai-based crypto exchange WazirX, one of the biggest in India, recently announced it is developing a decentralized finance (DeFi) product in partnership with Matic Network, a blockchain scalability platform.  “We are…

Jun 22, 2020 at 15:39 UTCUpdated Jun 22, 2020 at 16:12 UTCRep. Brad Sherman (D-Calif.) created a "Zuck Buck" graphic to describe his view of Libra. (House Financial Services Committee)Economists at the Federal Reserve said an earlier version of Libra, the Facebook-linked stablecoin frequently targeted by lawmakers and central bankers as an economic wrecking ball,…

As head of crypto at Visa, a global payment company founded in 1958, Cuy Sheffield has had a busy, busy year.Despite the down markets, dour mood and heavy workload for much of the time, he appears to be having fun experimenting, building and competing in this chaotic industry that may just represent a new financial

markets View Bitcoin fell to $9,600 earlier today, marking a downside break of recent low-volatility consolidation represented by the narrowing of Bollinger bands. The Bollinger band breakdown has opened the doors for a slide to $9,320 (August low). A break above $10,380 (Sept. 19 high) is needed to neutralize the bearish setup. Bitcoin’s recent low-volatility…

Mike Belshe, CEO of BitGo via CoinDesk archiveBitGo, one of the largest and oldest custodians for digital assets, is joining the fast-growing business of lending out bitcoin and other cryptocurrencies to big investors. The Palo Alto-based company announced Thursday it is now offering institutional digital asset lending services. Founded in 2013 by CEO Mike Belshe, BitGo…