Who’s Left, Joined and Almost Joined Coinbase Since Its $300 Million Raise

Crypto exchange startup Coinbase is a hot place to work – and undoubtedly a coveted resume destination for technologists looking to advance their careers in Silicon Valley. One of the cryptocurrency industry’s few unicorns – or companies with a valuation over $1 billion (Coinbase was valued at $8 billion in its last $300 million funding round in October 2018) – the San Francisco-based exchange has nearly 800 staff members and is adding “dozens of employees each week,” spokesperson Rachael Horwitz told CoinDesk. This aggressive expansion has included opening an office in New…

Who’s Left, Joined and Almost Joined Coinbase Since Its $300 Million Raise

Crypto exchange startup Coinbase is a hot place to work – and undoubtedly a coveted resume destination for technologists looking to advance their careers in Silicon Valley. One of the cryptocurrency industry’s few unicorns – or companies with a valuation over $1 billion (Coinbase was valued at $8 billion in its last $300 million funding round in October 2018) – the San Francisco-based exchange has nearly 800 staff members and is adding “dozens of employees each week,” spokesperson Rachael Horwitz told CoinDesk. This aggressive expansion has included opening an office in New…

Coinbase Fulfills Yet Another Acquisition Buying Out Andreessen Horowitz–Backed Blockspring

Photo: Pixabay The major US digital asset exchange Coinbase has further expanded its scale of activity and influence. The company has acquired Andreessen Horowitz-backed Blockspring, a San Francisco-based firm that produces tools for automatical gathering and processing information from application programming interfaces (APIs). .@Blockspring Team is Joining @coinbase! We’re super excited. Announcement here: https://t.co/d9uh3roVBt pic.twitter.com/FTDIpc0B07 — Blockspring (@Blockspring) January 17, 2019 Blockspring noted that despite joining Coinbase, the APL developer will continue to operate as an independent company and its products will continue to operate for current and new customers as they always have. In…

Crypto Exchange Coinbase Acquires San Francisco-Based Tech Startup Blockspring

Major cryptocurrency exchange and wallet provider Coinbase has acquired Andreessen Horowitz-backed tech startup Blockspring. The purchase was revealed in a blog post published Jan. 14. San Francisco-based Blockspring produces tools that enable developers to automatically gather and process information from application programming interfaces (APIs). In 2015, the company raised $3.4 million in a round led by venture capital firm Andreessen Horowitz and seed-stage investment firm SV Angel, while also having support from venture fund Y Combinator. Following the acquisition, Blockspring will reportedly continue operating as an independent entity, while any…

Coinbase, Kraken Join Major Exchanges Supporting Ethereum Constantinople Hard Fork

Major United States cryptocurrency exchanges Coinbase and Kraken became the latest to confirm support for Ethereum’s (ETH) Constantinople hard fork, both announcing on Twitter, Jan. 14. The two major exchanges join Binance, Huobi and OKEx in pledging to monitor the event, which will trigger at Ethereum block height 7,080,000, expected this week. “Coinbase intends to fully support the Constantinople Ethereum (ETH) upgrade,” staff wrote in the post, adding: “Upon commencement of the upgrade, for security and technical purposes, we will temporarily pause sending and receiving ETH across all of our…

Coinbase is Pivoting Away From Wall Street Crypto Push

Institutional this, institutional that — the narrative that Wall Streeters are going to pick Bitcoin off its feet has become a rallying cry for many of crypto’s most fervent optimists. However, a damning report claims that the unrelenting push for institutional participation from Coinbase has begun to relent, albeit only slightly. Related Reading: Wall Street Still Throwing Billions At Bitcoin, But There’s Still A Ways To Go Coinbase Drops Talent Amid Seeming Strategy Shift In October of 2018, NewsBTC reported that Coinbase, the San Francisco-headquartered crypto innovator, saw its fifth hired…

Ethereum Classic Losses Top $1 Million after 51% Attack: Coinbase

Losses stemming from an ongoing 51 percent attack against Ethereum Classic have now breached the million-dollar barrier, according to updated figures published by cryptocurrency exchange Coinbase. Ethereum Classic Attack Grows More Costly CCN first reported yesterday that the 18th-largest cryptocurrency appeared to have become the latest blockchain network to succumb to a 51 percent attack, wherein a malicious miner accrues a majority of the network hashpower and uses it to rewrite recent blockchain data. At the time, Coinbase announced that it had identified multiple instances where the attacker exploited that…

Coinbase Says Ethereum Classic Attack Included $500,000 in Double Spends

Contradicting reports from the Ethereum Classic camp, cryptocurrency exchange giant Coinbase announced this afternoon that the apparent ETC blockchain reorganization attack had been accompanied by around half a million dollars in double spends. Coinbase Detects Double Spends on Ethereum Classic Network According to Coinbase, the firm first identified the deep chain reorganization on Jan. 5, at which point it halted on-chain ETC payments to protect customers — and the crypto exchange itself — from falling prey to a double spend attack. On 1/5/2019, Coinbase detected a deep chain reorganization of…