• Dorsey Bitcoin inherently political
    Bitcoin,  Innovators

    Twitter’s Jack Dorsey: Bitcoin is inherently political

    In criticizing Coinbase CEO Brian Armstrong’s refusal to endorse BLM, Jack Dorsey argues that political activism is in crypto’s DNA

    Jack Dorsey suggested in a tweet sent on Sept. 30 that Bitcoin cannot be separated from political activism, which makes Coinbase CEO Brian Armstrong’s decision to not take a position on the Black Lives Matter movement pointless.

  • Coinbase Pro gas fees
    Ethereum

    Enough is enough: Coinbase Pro to stop absorbing gas fees and pass costs on to ETH users

    The announcement comes as expenditure on transaction fees reaches a record high, with close to $1 million spent in a single hour

    In a series of tweets on Sep. 17, the exchange said decentralized finance’s explosion in popularity, alongside wider levels of crypto adoption, were key factors in its decision. With networks getting more congested because of higher numbers of transactions (and gas fees going up as a result,) it seemed inevitable this policy wouldn’t be sustainable forever.

  • CBInsights Fintech 250 snubs crypto
    Cryptocurrencies,  Media

    Just seven crypto companies make CBInsights’ Fintech 250

    It’s a disappointing showing for the booming crypto sector—but the usual suspects including Coinbase and Binance still have a place in the list

    Coinbase topped the Fintech 250 list released on Sept. 1 as the most-funded business in the crypto category. Given how rumors have been swirling of a potential stock market listing—potentially as early as this year—it’ll likely be one to watch.

  • Alchemy launches publicly
    Technology

    Jay-Z, Coinbase backed blockchain developer platform launches publicly

    Alchemy describes itself as a ‘quiet giant’ in the industry given that its tools are already used by 70% of top Ethereum applications

    Alchemy has gained substantial momentum during its closed beta phase—and according to the company, it now provides infrastructure and tools for 70% of top Ethereum applications. The platform is also a big player in the decentralized finance space, and said its technology supports 60% of the total assets locked in DeFi protocols, an estimated $2.8 billion.