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…

BTC Cap Up $700 million From $3,700 Support

Bitcoin price ranging, up $700 million in the last 10 Hours Federal Reserve Bank of St Louis research confirms there is BTC demand Transactional volumes low. Drops from 18k to 15k in three days Market participants are optimistic and for good reasons. Candlestick arrangement points at bulls, and as prices swing between Jan 14 high low, our immediate triggers will be at $3,800. All the same ideal targets are at $4,500 and $6,000 on the upside. Bitcoin Price Analysis Fundamentals Aside from supervising and regulating financial institutions in the US,…

OKCoin Founder Star Xu Seeks to Acquire Public Firm for $60 Million

Star Xu, the founder of cryptocurrency exchange OKCoin, may be seeking a possible backdoor IPO for his firm by buying a majority stake in a Hong Kong-listed company. On Jan. 10, Xu (under his real name Xu Mingxing) filed with the Hong Kong Stock Exchange (HKEX) for approval to buy a 60 percent stake in a construction engineering firm called LEAP Holdings Group Ltd. Through his company OKC Holdings Corp., Xu is aiming to purchase approximately 3.2 billion shares of the company for HK$0.15 (around $0.02) per share. In total, the acquisition,…

Crypto Investor Names Primary Suspect in $24 Million SIM Swapping Case

A 21-year old American has been accused of stealing millions of dollars in crypto via a method known as SIM swapping, according to a press release shared with Cointelegraph Jan. 17. As reported, plaintiff Michael Terpin — a long-time blockchain and crypto investor — first filed a lawsuit against AT&T last August, accusing the firm of negligence that allegedly allowed the suspect to gain control over Terpin’s phone number and steal almost $24 million worth of crypto. SIM-swapping — also known as a “port-out scam” — involves the theft of…

Blockchain Supply Chain Platform Nets $16 Million in Series A Investment

United States enterprise supply chain developer Chronicled has raised $16 million in a Series A funding round, the company confirmed in a press release Jan. 15. Chronicled — which will use blockchain technology to power a platform helping clients secure and automate supply chains — saw its round led by Hong Kong venture capital firm Mandra Capital. Streamlined Ventures, The Perkins Fund, Frank Fiore and David Aho also participated in the funding round The company reports it is planning to launch its platform this year. “While many companies in the…

New Zealand Police Confirm Investigation Into Alleged $3.6 Million Hack of Cryptopia

Police in New Zealand confirmed they are investigating what appears to be a major hack of local cryptocurrency exchange Cryptopia worth at least $3.6 million, a press release stated on Jan. 16. Cryptopia, which abruptly shut down its website and exchange services on Jan. 14, subsequently said it had detected malicious activity. “The Cryptopia exchange suffered a security breach which resulted in significant losses,” officials wrote in a statement uploaded to the company’s Twitter account. As users and the media learned of the hack, Cryptopia has since said it will…

Less Than 1.5 Million People Used dApps in 2018

According to a report from Dapp.com, dApps had about 1.5 million users over the course of 2018, the first full year they were measured. The most active dApp category across platforms was gaming, followed by betting. Of the 1.5 million total users of dApps across platforms, nearly 800,000 were on Ethereum. The Ethereum dApp ecosystem broke down like so: Of the 1.5 million total users of dApps across platforms, nearly 800,000 were on Ethereum. Decentralized exchanges accounted for the most users of dApps. Crypto trading is unsurprisingly the first major…

Russia Will Not Buy $10 Million Worth of Bitcoin, and Here’s Why

Recent news that “Russia will buy $10 billion in Bitcoin and ditch the U.S. dollar” is backed by the publications such as The Telegraph, Bitcoinist, Daily Hodl and even The Fortune. However it seems that they all took the bait. Be it as it may, on January 6th, economist Vladislav Ginko, who works at the state-funded Russian Presidential Academy of National Economy and Public Administration, posted to Twitter that he believes Russia has no choice besides Bitcoin as a hedge against economic losses taken as a result of the US…

Russia Will Not Buy $10 Million Worth of Bitcoin, and Here’s Why

Be it as it may, on January 6th, economist Vladislav Ginko, who works at the state-funded Russian Presidential Academy of National Economy and Public Administration, posted to Twitter that he believes Russia has no choice besides Bitcoin as a hedge against economic losses taken as a result of the US sanctions against Russia. Australian crypto news website micky.com claimed to have spoken with Ginko who allegedly said: “US sanctions may be mitigated only through Bitcoin use. I believe that the Russian government will start diversifying its reserves with Bitcoin in…