The SEC has received nearly 200 pages of complaints about Coinbase, the $1.6 billion cryptocurrency trading platform

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Coinbase users allege that the company has stolen funds and not responded to their complaints, according to complaints filed with the SEC. Coinbase says that it’s addressing the complaints, and that it has hired more support staff to respond to user inquiries. Coinbase has long positioned itself as a trusted trading platform among cryptocurrency enthusiasts, […]

The 10 most important things in the world right now

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Hello! Here’s what’s happening on Wednesday. 1. The US withdrew from the UN Human Rights Council. US Ambassador Nikki Haley called the organization “hypocritical and self serving,” and said it was biased against Israel. 2. US President Donald Trump said he backs two immigration bills being considered by Congress. The Trump administration’s “zero tolerance” policy, which has seen […]

Here’s the pep talk the CEO of bitcoin exchange Coinbase gave to new hires about the price dip: ‘People are irrationally pessimistic’

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$1.6 billion cryptocurrency exchange Coinbase became a prominent name as the price of bitcoin surged toward $20,000. But now that bitcoin is valued around $6,700, some people are freaking out.  Brian Armstrong, CEO and cofounder of Coinbase, says he’s used to these wild swings. In a message to employees, which he later shared on Twitter, Armstrong […]

‘It’s crazy’: Ad industry execs are getting into screaming matches over whether blockchain will actually have any effect on the industry

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The digital ad community is divided into two camps: those who believe blockchain will revolutionize the industry and those who see the tech as overhyped and barely having an effect. Still, IBM and Mediaocean, a firm that supplies billing software to top ad agencies, have agreed to a deal to build a blockchain-contract system that […]

‘The reckoning will come in 2 waves:’ The president of a major stock exchange explains what should keep the crypto world up at night

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The market for initial coin offerings is about to witness a two-part regulatory reckoning, according to Cboe president Chris Concannon.  The veteran trader said if such offerings are deemed as unregistered securities, then the SEC will go after industry participants and litigation will rise. Crypto startups have raised billions of dollars via the fundraising method.  […]

A new report claims bitcoin could break the internet — the crypto world thinks it’s missing the point

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The Bank of International Settlements on Sunday said bitcoin is “a poor substitute for the solid institutional backing of money.” Critics in the crypto world say the report missing the point — bitcoin and other cryptocurrencies are still in development and shouldn’t be judged yet. Circle CEO calls the report “shallow” and said: “They’re not […]

The world’s hottest tech companies are now worth more than $5 trillion, and they could be pointing out the next big bubble

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The most prominent US and Chinese tech stocks are worth more, by market cap, than the stock markets of the eurozone and Japan. Facebook, Amazon, Apple, Microsoft, Google, Baidu, Alibaba, and Tencent are worth $5 trillion, according to data compiled by Bank of America Merrill Lynch. US tech stocks are worth even more, at a […]