Coinbase Preemptively Rebuts Unpublished New York Times Expose

The New York State Department of Financial Services (NYDFS) has issued a new statement indicating Coinbase has not yet secured a license to operate in New York. The remarks, relayed by a spokesman to The New York Times, suggest that the department, which is currently working on a final version of its BitLicense regulation, is still in talks with Coinbase about its legal status in the state, but that no decisions have been finalized. The NYDFS spokesman said: "We are working with several companies, including Coinbase, on licensing and will continue to move forward expeditiously. That said,....

Leading banking institutions in traditional finance (TradFi) are reportedly partnering with US-based cryptocurrency exchange Coinbase (COIN) to explore pilots related to stablecoins, custody solutions, and trading options.  Coinbase CEO Brian Armstrong announced this during his appearance at the New York Times Dealbook Summit on Wednesday, as reported by Bloomberg. Coinbase CEO Cautions Banks On Crypto […]

“The pay disparities at Coinbase appear to be much larger than those in the tech industry as a whole," wrote the New York Times. San Francisco-based crypto exchange Coinbase may have had a problem with paying its employees fairly based on gender and race. According to a report from The New York Times journalist Nathaniel Popper, Coinbase paid salaried Black employees roughly 7% less than people in similar positions, based on payroll data from 2018. Across the company, this averaged out to a difference of $11,500. When factoring in the firm's stock options, the gap between white and Black....

Coinbase has submitted an application for a BitLicense in New York State, making it one of the leading bitcoin businesses to seek the necessary regulatory approval. Coinbase advised CCN of its action in the wake of plans by other cryptocurrency businesses - such as LocalBitcoins, BitFinex and Kraken - to bolt New York due to the controversial regulation. The law prohibits the sale of bitcoin without a license. "We can confirm that Coinbase has submitted a BitLicense application," a Coinbase spokesman told CCN. "The process was a significant undertaking, but we're fortunate to have the....

The New York Times reports that San Francisco-based Coinbase has a new addition to their team of employees, and he's John Collins, a previous adviser to the Senate Homeland Security and Government Affairs Committee. His role at Coinbase - which provides both consumers and businesses with bitcoin-related services - will come as no shock: head of government affairs. And given his credentials, he's probably a good choice. At the company, Collins will be working with both lawmakers and public officials. Topics of discussion? You probably already guessed it. His job is to work with said....