Coinbase’s New NYC Office to Hire 100 in Wall Street Crypto Push

The crypto industry unicorn Coinbase has aggressive growth plans for its newly opened New York office, which caters to institutional clients. The digital asset exchange plans to expand the operation to 150 employees next year, from 20 currently. According to the company, the slump in cryptocurrency prices this year has not quelled institutional demand for this asset class. “When we saw the market begin to correct, which we all expected, institutions didn’t lose interest,” Adam White, general manager of Coinbase Institutional, told CoinDesk. “It was exactly the opposite.” He added:…

Blockchain Security Takes Spotlight At NYC Innovation Summit

“At its highest level, blockchain is a trust layer.” In nine words, Kaleido Insights founding partner Jessica Groopman succinctly summarized the gist of CDX Academy’s “Blockchain Brand Innovation Summit” on May 11 during her opening remarks. The summit itself brought together representatives from blockchain startups and incumbent institutions to debate and discuss different use cases for the technology, noting both its advantages and its flaws. According to various panels, the obvious use for blockchain is in data storage, whether in healthcare or in other private, consumer data. The overreach of many…