web3 on the platform of your choice — a closer look at Coinbase Wallet’s multi-platform approach | by Coinbase | Jun, 2022

Tl;dr: The replatforming of Coinbase Wallet’s mobile app reflects our commitment to improving access to web3. In this blog, we discuss why the transition to React Native marks a critical turning point for both our users and our technical teams. By Chintan Turakhia, Director of Coinbase Wallet Engineering, and Dan Coffman, Coinbase Wallet React Native Lead gm This week, we announced the debut of Coinbase Wallet’s new mobile iOS and Android apps built using React Native. This launch marks a critical inflection point for Coinbase Wallet and its users, and…

Coinbase Global redesigns mobile app to make web3 more accessible to users (NASDAQ:COIN)

Leon Neal/Getty Images News Coinbase Global (NASDAQ:COIN) said Wednesday it has redesigned its mobile app to include a new decentralized application (“dapp”) browser allowing its users to more easily search for decentralized finance (“DeFi”) protocols as well as non-fungible tokens. The updated mobile app, which aims to funnel users to the web3 ecosystem, is starting to roll out on Wednesday with more users gaining access in the coming weeks, the crypto exchange said in a release. Specifically, on the browsers’ home screen, there’s a list of suggested ethereum (ETH-USD) dapps…

Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD

A class-action suit was filed against Coinbase on Thursday claiming the trading platform was negligent in its listing of the TerraUSD stablecoin and alleging that it failed to disclose its financial relationship with Terraform Labs. This is the second class-action suit outstanding against Coinbase. A suit was filed last month in connection with the depegging of GYEN in November.  Thursday’s suit alleges Coinbase was negligent for failing to conduct due diligence of Terraform Labs before it listed TerraUSD and misrepresenting TerraUSD’s risk as an algorithmic stablecoin. The suit compares the…

A message from Coinbase CEO and Cofounder, Brian Armstrong | by Coinbase | Jun, 2022

By Brian Armstrong, CEO and Cofounder Earlier today, I shared the following note with all Coinbase employees. Team, Today I am making the difficult decision to reduce the size of our team by about 18%, to ensure we stay healthy during this economic downturn. I want to walk you through why I am making this decision below, but first I want to start by taking accountability for how we got here. I am the CEO, and the buck stops with me. Over the past month, I’ve had many conversations with…

Update on Hiring Plans. By L.J Brock, Chief People Officer | by Coinbase | Jun, 2022

By L.J Brock, Chief People Officer I shared an update with our employees today that I want to also share publicly here. TL;DR: In response to the current market conditions and ongoing business prioritization efforts, we will extend our hiring pause for both new and backfill roles for the foreseeable future and rescind a number of accepted offers. Two weeks ago, we paused hiring while we took time to reprioritize our hiring needs against our highest-priority business goals. As these discussions have evolved, it’s become evident that we need to…

FACT0RN Blockchain: Integer Factorization as Proof-of-Work (PoW) | by Coinbase | May, 2022

Tl;dr: This report updates on what FACT0RN Blockchain, a Coinbase Crypto Community Fund grant recipient, has been working on to replace PoW hashing by work that is of interest to the private sector as well as to the academic community. Code for the FACT0RN Blockchain, which launched April 20, 2022, can be found here and the whitepaper can be found here. By Escanor Liones (Github) Proof-of-work (PoW) is the original scheme to secure blockchain technology introduced in 2009 by Satoshi Nakamoto through the Bitcoin whitepaper. An analysis done in late…

Coinbase Has ‘Structural Advantage’ Over Competitors, Cowen Analyst Says

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Part 2: Quantitative Crypto Insight: Stablecoins and Unstable Yield | by Coinbase | May, 2022

By George Liu and Matthew Turk Tl;dr: This blog analyzes centralized stablecoin lending yield for Compound Finance and shares our insights on performance, volatility, and factors that drive this yield on collateralized lending of stablecoins in DeFi. The analysis shows that this lending yield can outperform the risk-free yield in the TradFi market. In part two of this quantitative research piece, we will examine stablecoin lending yield for the Compound Finance V2 decentralized finance (DeFi) protocol and share our insights on yield performance, volatility, and what factors are driving yield…

TRUST Expands its Global Footprint and is Now Live Internationally | by Coinbase | May, 2022

Coinbase is pleased to announce the international expansion of the Travel Rule Universal Solution Technology (TRUST), a global, industry-driven solution designed to comply with a requirement known as the Travel Rule while protecting the security and privacy of customers. In February of this year, TRUST launched in the United States. Since that launch, TRUST has now gone live in Canada and Singapore, and is actively working to expand to other global jurisdictions, including Europe. As more countries begin to implement Travel Rules, TRUST is focused on providing its top-tier compliance…