CFTC Appoints Former Coinbase Exec as Director of Market Oversight

Coinbase’s vice president Dorothy D. DeWitt will now serve as director of the division of market oversight at the United States Commodity Futures Trading Commission (CFTC). The U.S. CFTC Chairman Heath P. Tarbert announced on Sept. 17 that DeWitt will take responsibility for the CFTC’s oversight over derivatives platforms and swap data repositories, as well as other new platform-traded products. From asset management to market oversight Prior to joining the CFTC, DeWitt served as vice president and general counsel for business lines and markets at U.S.-based cryptocurrency exchange and wallet…

Coinbase Pro to Add Support for DASH Trading

United States-based major cryptocurrency exchange Coinbase announced that its professional trading platform Coinbase Pro will launch support for DASH token next week. According to a Medium post published by Coinbase on Sept. 12, Coinbase Pro will start accepting DASH deposits starting Monday “for at least 12 hours prior to enabling full trading.” The launch of DASH trading, on the other hand, is planned for 9 AM Pacific Standard Time on Sept. 17. The company also noted: “Once sufficient supply of DASH is established on the platform, trading on the DASH/USD,…

Coinbase, Ripple Leave Top 10 of LinkedIn’s ‘Hottest’ Startups List

Cryptocurrency exchange Coinbase and Ripple, the blockchain startup behind XRP, have fallen out of the top 10 of this year’s business and employment-oriented service Linkedln’s “The 50 hottest U.S. companies to work for” list. According to the new LinkedIn’s list published on Sept. 4, Ripple moved to the 28th place (was seventh in 2018) while Coinbase’s position was downgraded to 29th (was third in 2018). Stock and crypto trading startup Robinhood mostly retained its position, moving from the sixth place in 2018 to the 7th in 2019. Crypto startups are…

Startup Tests New Ethereum Sidechain Following Coinbase Investment

Following investment from Coinbase Ventures, Offchain Labs has opened up the Alpha version of its Ethereum (ETH) scaling solution, dubbed Arbitrum. Enterprise-focused blockchain startup Offchain Labs said that their solution will enable processing speed of more than 500 transactions per second for Ethereum applications, industry-focused news outlet Crypto Briefing reported on Sept. 5. Arbitrum has reportedly secured new investment from Coinbase Ventures, the investment arm of major American cryptocurrency exchange Coinbase. Faster than Ethereum Deploying Arbitrum, developers can build smart contracts on Ethereum’s Solidity code. However, unlike regular Ethereum decentralized…

Coinbase WalletLink Now Lets Clients Use DApps on Desktop Browsers

Crypto exchange Coinbase’s user-controlled Coinbase Wallet has enabled its clients to use decentralized apps (DApps) on any desktop browser with the WalletLink service. Expanded access to DApps Per an official blog post on Aug. 22, Coinbase Wallet’s users can now use their DApps on any desktop browser through WalletLink, which serves as a bridge between customers’ Coinbase Wallet app and desktop browser.  As of press time, Coinbase has tested WalletLink with browsers such as Google Chrome, Mozilla Firefox, Microsoft Edge, Opera and blockchain-based decentralized browser Brave. The company plans to…

Coinbase and Barclays Part Ways, Will UK Users Be Affected?

It is being reported that Barclays, the London-based global bank, recently stopped banking for Coinbase, the United States-based crypto exchange. Coinbase reportedly found a quick replacement in the form of another United Kingdom-based establishment, ClearBank.  While Barclays connected San Francisco-based Coinbase to the U.K. Faster Payments Scheme (FPS), enabling instant withdrawals and deposits of British pounds at the exchange, ClearBank won’t offer the exchange the same service until at least the end of Q3 2019. Deposits and withdrawals in pounds for Coinbase’s U.K. customers, which once took seconds, will for…

BTC Premiums, Coinbase Blow, Binance Revival

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Premiums for Bitcoin in Hong Kong and Argentina despite price slump Bitcoin (BTC) briefly veered back into four figures this week — reversing recent gains. It comes amid cooling tensions between the United States and China in their long-running trade war, with Washington deciding to…

Coinbase Accidentally Saves Unencrypted Passwords of 3,420 Customers

Major crypto platform Coinbase has emailed 3,420 Coinbase customers to disclose an accident with customer registration. Some registration details were apparently stored in clear text on the logs of Coinbase’s internal server, with affected customers now required to change their passwords. Coinbase announced the news in an official blog post on Aug. 16. According to the announcement, Coinbase has resolved the root cause of the bug and the platform is confident that stored data was not “improperly accessed, misused, or compromised.”  Some users’ credentials were saved when a rare signup…

Coinbase Reveals Password Glitch Affecting 3,500 Customers

Crypto exchange Coinbase disclosed a potential vulnerability Friday, announcing that a tiny fraction of its customers’ passwords were stored in plain text on an internal server log. However, the information was not improperly accessed by outside parties, the exchange said. In a post-mortem shared with CoinDesk, Coinbase outlined “a password storage issue,” impacting less than 3,500 customers (out of more than 30 million worldwide) that briefly resulted in personal information, including the passwords, being stored in clear text on internal logging systems. “Under a very specific and rare error condition,…

Coinbase Custody Buys Xapo Institutions, Continuing Rapid Expansion

Disclaimer: this story is breaking and may be subject to updates. Coinbase Custody has reportedly acquired Xapo’s institutional business to become the world’s largest crypto custodian by assets under custody. Major crypto exchange Coinbase announced the news in a post on the company’s blog Aug. 15. The news follows rapid growth on the part of Coinbase’s year-old custodial wing, which only two months ago reported assets under custody (AUC) valued at $1.3 billion.  According to the announcement, the new acquisition puts Coinbase Custody’s AUC at $7 billion. Xapo is itself a…