Coinbase

Coinbase CEO Brian Armstrong Accuses SEC of ‘Sketchy Behavior’

The CEO of cryptocurrency exchange Coinbase, Brian Armstrong, has accused the Securities and Exchange Commission (SEC) of unfairly targeting his platform and selective rule enforcement. Armstrong posted to social media: “They are refusing to offer any opinion in writing to the industry on what should be allowed and why, and instead are engaging in intimidation tactics behind closed doors. If you don’t want this activity, then simply publish your position, in writing, and enforce it evenly across the industry.”

Coinbase CEO Brian Armstrong

Feds Seized the Colonial Pipeline Bitcoin Ransom in California

The Justice Department announced on Monday that it had recovered $2.3 million of the cryptocurrency ransom paid by Colonial Pipeline Co. to ransomware hackers. The funds were seized from an account located in California, leading many to suspect the ransom was paid to a Coinbase wallet — a claim the cryptocurrency exchange has denied.

Israel seeks to beat election cyber bots

CEO of Cryptocurrency Exchange Coinbase Confronts Woke Capitalism

Wired magazine recently outlined the internal turmoil at cryptocurrency exchange Coinbase following CEO Brian Armstrong’s declaration that political discussions were to be kept outside of the office, giving employees a week to agree or leave. His direct refutation of the tech industry’s woke capitalism left his employees in an uproar.

Coinbase CEO Brian Armstrong

Former Twitter CEO Dick Costolo: Capitalists Will Be ‘First People Lined Up Against The Wall and Shot in the Revolution’

Former Twitter CEO Dick Costolo recently tweeted that “me-first capitalists” who disagree with injecting political activism into their workplaces will be “the first people lined up against the wall and shot in the revolution.” The company has not commented if the tweet by Costolo, who has an estimated net worth of $300 million, violates its policies against glorifying violence.

The Associated Press

The Bitcoin Community Is Furious with Coinbase’s Surprise Launch of ‘BCash’

Bitcoin owners and enthusiasts spent Tuesday night and Wednesday morning raging against Coinbase — one of the most popular apps for exchanging U.S dollars to blockchain-based digital currencies — after the trading platform unexpectedly began exchanging BTC’s controversial rival “Bitcoin Cash,” then quickly crashed as its new product became illiquid.

Bitcoin held in front of a computer screen showing a price chart on Coinbase.