Cryptocurrency Regulators Rush To Create First Major Rules

Concerned about the potential for a digital-era bank run, the Treasury Department is working on an oversight framework for the fast-growing sector.

#andreessen-horowitz, #banking-and-financial-institutions, #bitcoin-currency, #blockfi-inc, #coinbase-inc, #dodd-frank-wall-street-reform-and-consumer-protection-act-2010, #financial-stability-oversight-council, #gemini-trust-co-llc, #gensler-gary-s, #liang-nellie, #mastercard-inc, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #stablecoin, #treasury-department, #virtual-currency

Crypto’s Rapid Move Into Banking Elicits Alarm in Washington

The boom in companies offering cryptocurrency loans and high-yield deposit accounts is disrupting the banking industry and leaving regulators scrambling to catch up.

#andreessen-horowitz, #banking-and-financial-institutions, #blockfi-inc, #coinbase-inc, #federal-reserve-system, #gensler-gary-s, #powell-jerome-h, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #treasury-department, #virtual-currency, #warren-elizabeth, #yellen-janet-l

The World’s Biggest Crypto Exchange Still Lacks U.S. Footing

The founder of Binance, Changpeng Zhao, needs investors for the company’s U.S. unit after a recent venture capital deal fell through — a setback that cost him a C.E.O.

#binance, #brooks-brian-p, #california, #coinbase-inc, #gensler-gary-s, #initial-public-offerings, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #united-states, #venture-capital, #virtual-currency, #zhao-changpeng

As Scrutiny of Cryptocurrency Grows, the Industry Turns to K Street

Companies behind digital currencies are rushing to hire well-connected lobbyists, lawyers and consultants as the battle over how to regulate them intensifies.

#banking-and-financial-institutions, #biden-joseph-r-jr, #binance, #bitcoin-currency, #blockchain-technology, #coinbase-inc, #conflicts-of-interest, #lobbying-and-lobbyists, #regulation-and-deregulation-of-industry, #ripple-labs-inc, #securities-and-exchange-commission, #trump-donald-j, #united-states-politics-and-government, #virtual-currency

We’re All Crypto People Now

Bitcoin and other cryptocurrencies have gone from curiosity to punchline to viable investment, making them almost impossible to ignore — for better or worse.

#bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #nonfungible-tokens-nfts, #virtual-currency

Gary Gensler, Wall Street’s New Watchdog, Has a Full Plate

Gary Gensler, the new S.E.C. chairman, wants to improve corporate disclosure and regulate digital assets better. But a lot awaits him already.

#archegos-capital-management-llc, #banking-and-financial-institutions, #biden-joseph-r-jr, #center-for-american-progress, #coinbase-inc, #derivatives-financial-instruments, #gensler-gary-s, #ripple-labs-inc, #securities-and-exchange-commission, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #united-states-politics-and-government, #virtual-currency

In Coinbase’s Rise, a Reminder: Cryptocurrencies Use Lots of Energy

The company’s stock market arrival establishes Bitcoin and other digital currencies in the traditional financial landscape. It also elevates a technology with astonishing environmental costs.

#bitcoin-currency, #blockchain-technology, #coinbase-inc, #computers-and-the-internet, #global-warming, #greenhouse-gas-emissions, #virtual-currency

Why Coinbase’s IPO Is a Cryptocurrency Coming-Out Party

With acceptance from traditional investors, a profitable start-up that eases transactions is offering proof of the industry’s staying power.

#armstrong-brian-1983, #banking-and-financial-institutions, #bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #ethereum-foundation, #initial-public-offerings, #tesla-motors-inc, #tusk-bradley-1973, #venture-capital, #virtual-currency

Don’t Fear Cryptocurrencies. Manage Them.

The idea that regulation chills activity in new markets is intuitive, but not always accurate. Sometimes the opposite is true.

#bitcoin-currency, #coinbase-inc, #regulation-and-deregulation-of-industry, #united-states-politics-and-government, #virtual-currency

The Start-Up Enemies of Wall Street Are Booming

Times are flush for young tech companies like Stripe and Coinbase, which are having a moment as they upend the financial establishment.

#affirm-inc, #banking-and-financial-institutions, #brex-inc, #coinbase-inc, #computers-and-the-internet, #coronavirus-2019-ncov, #e-commerce, #initial-public-offerings, #mobile-applications, #mobile-commerce-and-payments, #robinhood-financial-llc, #start-ups, #stripe-inc, #venture-capital

Coinbase Users Say Crypto Start-Up Ignored Their Pleas for Help

As Coinbase prepares to be the first major cryptocurrency company to go public, it is struggling with basic customer service, users said.

#banking-and-financial-institutions, #bitcoin-currency, #coinbase-inc, #customer-relations, #cyberattacks-and-hackers, #regulation-and-deregulation-of-industry, #suits-and-litigation-civil, #virtual-currency

Payments Start-Up Stripe Surges to $95 Billion Valuation

The company has benefited in the pandemic as people turn to online shopping. It is now the most valuable start-up in the U.S.

#airbnb, #coinbase-inc, #coronavirus-2019-ncov, #dublin-ireland, #e-commerce, #robinhood-financial-llc, #sequoia-capital, #start-ups, #stripe-inc, #venture-capital

From Crypto Art to Trading Cards, Investment Manias Abound

Each market frenzy seems crazier than the last. But all have the same roots.

#art, #bitcoin-currency, #coinbase-inc, #collectors-and-collections, #computers-and-the-internet, #interest-rates, #mergers-acquisitions-and-divestitures, #nonfungible-tokens-nfts, #quarantine-life-and-culture, #robinhood-financial-llc, #shoes-and-boots, #sneakers, #stocks-and-bonds, #stockx, #trading-cards, #virtual-currency

Cryptocurrency Start-Up Underpaid Women and Black Employees, Data Shows

An analysis of internal pay data at the San Francisco company Coinbase shows disparities that were much larger than those in the tech industry.

#armstrong-brian-1983, #black-people, #coinbase-inc, #corporate-social-responsibility, #discrimination, #hiring-and-promotion, #labor-and-jobs, #start-ups, #wages-and-salaries, #women-and-girls

Coinbase’s I.P.O. Has Big Potential, and Big Risks

The cryptocurrency giant’s initial public offering holds big potential — and significant risks.

#coinbase-inc, #engie-sa, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #private-equity, #special-purpose-acquisition-vehicles-spacs, #tpg-capital, #venture-capital

‘Tokenized’: Inside Black Workers’ Struggles at Coinbase

Coinbase, the most valuable U.S. cryptocurrency company, has faced many internal complaints about discriminatory treatment.

#armstrong-brian-1983, #bitcoin-currency, #black-lives-matter-movement, #black-people, #coinbase-inc, #computers-and-the-internet, #corporate-social-responsibility, #discrimination, #hiring-and-promotion, #minorities, #race-and-ethnicity, #start-ups, #venture-capital, #virtual-currency, #workplace-environment, #workplace-hazards-and-violations

To Do Politics or Not Do Politics? Tech Start-Ups Are Divided

Coinbase, Expensify, Soylent, Clubhouse and others are embroiled in a culture war over politics and the workplace.

#clubhouse-mobile-app, #coinbase-inc, #computers-and-the-internet, #corporate-social-responsibility, #entrepreneurship, #expensify-inc, #george-floyd-protests-2020, #labor-and-jobs, #presidential-election-of-2020, #silicon-valley-calif, #social-media, #soylent, #start-ups, #venture-capital, #workplace-environment