• Bitcoin,  Technology

    Coinbase defends $183K contract with the U.S. Secret Service

    ‘I don’t think it’s particularly newsworthy,’ tweets a dismissive Brian Armstrong

    Some of the exchange’s users have expressed concerns about how their data is being used, but Armstrong has shrugged off this criticism, writing: “Whether Coinbase sells blockchain analytics software or not, transactions on public blockchains are still traceable by any number of people out there.”

  • Paul Grewal joins Coinbase
    Cryptocurrencies,  Regulation

    Paul Grewal poached from Facebook to become Coinbase’s chief legal officer

    He replaces Brian Brooks, who left Coinbase four months ago to join the Office for the Comptroller of the Currency; Grewal may presiding over a Coinbase IPO

    In a July 8 blog post announcing the hire, Grewal was described as a top executive who has “repeatedly encountered some of the largest and most complicated legal issues in tech.”

  • CoinDCX launches learning platform
    Education,  Regulation

    As India opens crypto market, exchange entices with education

    Despite reports that reimposing a ban is under consideration, there’s a lot of excitement in the country, and the CoinDCX exchange wants to use learning to tap into it

    India’s cryptocurrency market has gingerly started to ramp up activity after the Supreme Court overturned a controversial ban in March that prohibited banks from dealing with exchanges.

  • USDC passes $1 billion
    Alt coins

    Circle, Coinbase say USD Coin passes $1B

    The market cap milestone makes the USDC stablecoin a contender in a ring dominated by Tether

    Working together as the Centre Consortium, the firms claimed in a blog post that USDC reached that milestone quicker than any other digital dollar stablecoin. Most of that increase came on June 22, when the supply jumped from about $731 million to $920 million—rising by about one-third.