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Coinbase CEO Brian Armstrong Sued for Allegedly Stealing Blockchain Startup’s Work
Blockchain accelerator MouseBelt Labs has sued Coinbase CEO Brian Armstrong for allegedly stealing technology from Knowledgr, a startup that distributes scientific papers with tokens as incentives. The filing claims Armstrong used confidential information to develop a similar initiative called ResearchHub. “The Hash” panel breaks down the situation between Armstrong and MouseBelt as a trial awaits.
Coinbase Backs NYSE Arca’s Push for Grayscale Bitcoin Trust Conversion to ETF
In a letter to the U.S. Securities and Exchange Commission (SEC) Tuesday, crypto exchange Coinbase urged the agency to approve NYSE Arca’s application to convert the Grayscale Bitcoin Trust into an exchange-traded fund (ETF). CoinDesk’s Nikhilesh De discusses the potential outcomes and the likelihood of the first U.S. bitcoin spot ETF being approved.
Coinbase CEO Brian Armstrong Co-founds NewLimit, a Company Built to Extend the Human Healthspan
Coinbase CEO Brian Armstrong has introduced NewLimit, a company he’s helping build as a board member and investor in the epigenetic reprogramming space. The mission of NewLimit is to radically extend human healthspan, Armstrong tweeted. “The Hash” hosts unpack Armstrong’s latest ambitions amid an ongoing trend of early thinkers departing from crypto for greater pursuits.
Why Rising Inflation Could Be Good for Bitcoin
Bitcoin rises to a fresh all-time high after the U.S. Bureau of Labor Statistics releases the October consumer price index (CPI) number, the highest since 1990. CoinDesk's Galen Moore discusses why the inflation increase "would be good for bitcoin," adding "[inflation] tends to seem to drive bitcoin and the stock market apart." Plus, reasons behind Coinbase's user numbers and revenue decline for the third quarter.
Coinbase and NBA Sign Partnership Deal
Crypto exchange Coinbase and the National Basketball Association (NBA) are teaming up on a multiyear partnership. The deal extends to the Women’s National Basketball Association (WNBA), NBA G League, NBA 2K League and USA Basketball.
Facebook’s Novi Taps Paxos, Coinbase Ahead of Diem Rollout
Novi, Facebook's digital wallet subsidiary, will go live in the U.S. and Guatemala in a pilot program without the Diem (formerly Libra) stablecoin, allowing users to trade the Paxos Dollar (USDP). Crypto exchange Coinbase will provide custody services for the program. "The Hash" team discusses the latest in the ongoing Diem drama despite ongoing regulatory pushback.
Coinbase Prime Now Supports Stacking for STX
Coinbase Prime, crypto exchange Coinbase's trading platform serving institutional investors, is now introducing a way to passively earn bitcoin using the stacking feature of STX, the token used by the bitcoin-focused Stacks ecosystem. Brittany Laughlin, executive director of The Stacks Foundation, explains how Stacks works and its connection to bitcoin, the Coinbase partnership, MiamiCoin, and the broader crypto industry.
Coinbase and Binance Move to Diversify, Stablecoins Under Scrutiny
Coinbase announces NFT platform. Binance launches US$1 billion growth fund. Stablecoins are under greater scrutiny. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Paradigm, Led by Coinbase Co-Founder Fred Ehrsam, Looking to Raise $1.5B Fund
Paradigm, the cryptocurrency venture capital firm led by Coinbase co-founder Fred Ehrsam, is looking to raise a $1.5 billion fund for startup investments. "The Hash" team discusses the possible outlook for what could be one of the largest crypto-focused funds in the world of venture capital.
