Coinbase’s Brian Armstrong Says it’s Okay to Use Hot Wallets to Store Bitcoin

Brian Armstrong, CEO of $8 billion crypto exchange Coinbase, wants to set some misconceptions straight about the security of various types of Bitcoin wallets. Writing in Fortune, Armstrong clarifies – for a mainstream audience – the difference between hot and cold wallets. If the reader is unfamiliar with the concept, it’s pretty simple. A “hot” wallet is connected to the internet and capable of making immediate transactions. A “cold” wallet is secured offline, by definition, although there are degrees of coldness. A private key stored on an internet-connected device but…

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JP Morgan Launches Fake Cryptocurrency, Coinbase Releases Bitcoin SV Hostages and Coinmama Exposes User Data: This Week in Crypto

This week, JP Morgan Chase launched a blockchain-based IOU system that definitely isn’t a cryptocurrency. Waves Platform and Coinbase both released any Bitcoin SV they were previously holding. Two public pension plans invested in blockchain technology. And let’s not forget, Coinmama, an alternative to Coinbase for easy acquisition of cryptocurrency, suffered a breach. Not much to speak of on the market front, this week. We consistently find the Bitcoin price somewhere between $3500 and $3700, no matter where you look, besides some esoteric perhaps unsavory markets with low volume. In…

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Avoiding QuadrigaCX’s $190 Million Disaster: How Do the World’s Largest Crypto Exchanges Store Funds?

Canada’s largest crypto exchange QuadrigaCX lost more than $190 million worth of user funds and is unable to reimburse its users. As CCN reported on February 1, the founder and CEO of QuadrigaCX passed away in India with sole control over the company’s cold wallets containing more than $150 million in cryptocurrencies like Bitcoin and Ethereum, and $40 million in cash stored with a third party. How do the world’s largest digital asset exchanges such as Binance and Coinbase store funds to avoid a tragic situation like QuadrigaCX? CEO Should…

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Coinbase is ‘Adding the Assets Our Customers Have Come to Demand’: Brian Armstrong

Coinbase probably had its best quarter so far, launching several products over the fourth quarter of 2018. The company which Lightspeed Venture Partner Semil Shah called  ‘The Breakout Company of 2017′ recently concluded its 12 Days of Coinbase which introduced features such as instant PayPal withdrawals, Coinbase Earn which is a modified version of Earn.com (Coinbase The post Coinbase is ‘Adding the Assets Our Customers Have Come to Demand’: Brian Armstrong appeared first on CCN

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Analyst: Crypto ICOs in Crisis, Running Out of Money With No Products

In the bull market of 2018, initial coin offering (ICO) projects in the crypto market raised tens of millions of dollars on average from investors in the public market to create decentralized applications (dApps) and systems. Fast forward 12 months, most of the ICO projects that currently exist in the sector have either have no The post Analyst: Crypto ICOs in Crisis, Running Out of Money With No Products appeared first on CCN

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Head of Policy at Coinbase Leaves for a Venture Capital Firm

As recently reported by Bloomberg, the head of policy at Coinbase, Michael Lempres is leaving the company for a position at a venture capital firm. He was promoted back in September when Brian Brooks took over his post as a chief legal and risk officer, a role that Lempres served as for over a year. The post Head of Policy at Coinbase Leaves for a Venture Capital Firm appeared first on CCN

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Crypto Market Continues Slow Bleed Out But Tokens Record 20% Gains

Over the past 24 hours, the crypto market has lost about $4 billion of its valuation against the US dollar. Major cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ripple (XRP) extended their losses by 2 to 8 percent. The price of BCH dropped from $236 to $215, by nearly nine percent. In The post Crypto Market Continues Slow Bleed Out But Tokens Record 20% Gains appeared first on CCN

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Coinbase CTO: Crypto is Entering the Tech Mainstream

Balaji Srinivasan, a prominent venture capital investor and the chief technical officer at Coinbase, said that crypto is entering the tech mainstream. “Sundar Pichai & Sergey Brin’s sons are both mining crypto; Facebook is doing blockchain; Square open sourced some nice cold storage code; Microsoft, Amazon, Google Cloud all have blockchain efforts; crypto is entering The post Coinbase CTO: Crypto is Entering the Tech Mainstream appeared first on CCN

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