Coinbase Tops JPMorgan in LinkedIn List of Most Popular Employers

Cryptocurrency exchange Coinbase has ranked above investment banking giant JPMorgan in LinkedIn’s top 50 U.S. employers list for 2019. The networking platform for professionals published the list on Wednesday, ranking Coinbase at number 35, 9 spots ahead of JPMorgan at number 44. No other cryptocurrency or blockchain firm made the list. Coinbase has predominantly hired staff in engineering, IT and human resources roles in the recent past, and has a current headcount of about 600 employees in the U.S., the report indicated. The exchange’s employees can choose to be paid partially or…

Now There’s a Canadian Dollar-Pegged Stablecoin on the Way

Cryptocurrency exchange Coinsquare is launching a stablecoin pegged 1:1 to the Canadian dollar (CAD). The exchange plans potential roles for its new “eCAD” token in cross-border payments and remittance, peer-to-peer lending, merchant payment solutions, as well as trade settlements and forex conversions. Coinsquare CEO Cole Diamond said in an announcement Thursday: “The launch of eCAD will create the first transparent, affordable, and secure way of transferring value in Canada and beyond, without the risk of instability in the traditional cryptocurrency market.” The firm pledged that each eCAD token will have…

Crypto Exchange Binance Is Setting Up Shop in Singapore This Month

Cryptocurrency exchange Binance is launching a new fiat-to-crypto exchange in Singapore later this month. The news was announced Thursday by Binance CEO Changpeng “CZ” Zhao at the Deconomy event in Seoul, South Korea, in a tweet on the exchange’s account that said: “#Binance Singapore will come online in April. It will be our next Fiat to Crypto exchange servicing $SGD [Singapore dollar].” No further details were provided, such as which cryptocurrencies will receive trading support. The plan to set up the new trading platform was first revealed by Zhao in September at…

Jamaica Stock Exchange to Pilot Bitcoin and Ether Trading

The Jamaica Stock Exchange (JSE) is soon to trial bitcoin and ether trades with help from Canadian fintech firm Blockstation. The two firms jointly announced Wednesday that they have entered into an agreement to enable live trading of digital assets including security tokens in a “regulated and secured” environment. The trial of bitcoin and ether trades is the second stage of the pilot effort. For the first phase, the JSE and Blockstation trialed live cryptocurrency trading in January for a 60-day run that saw participation from regulated broker-dealers, market makers and the…

Liquid.com Closes Funding Round Valuing Crypto Firm at ‘Over $1 Billion’

Crypto trading platform Liquid.com has been backed by Bitmain and IDG Capital in a funding round that, it says, makes it the latest crypto unicorn. The firm, which is owned by Japanese cryptocurrency exchange Quoine, announced Wednesday that, with the closing of the Series C round, its “over $1 billion” valuation makes it “one of only two tech unicorns in Japan’s startup space.” Liquid.com, however, did not disclose the amount invested by IDG Capital and Bitmain, the former of which led the round. The funds will be put toward global…

Coincheck Launches OTC Crypto Trading for Institutions

Japanese cryptocurrency exchange Coincheck has launched an over-the-counter (OTC) cryptocurrency trading service aimed at institutional clients, the firm said Monday. While the service seem primarily to serve bitcoin trades, Coincheck said it will consider trades in other cryptocurrencies. Coincheck said its OTC trading desk will allow customers to buy and sell a minimum of 50 bitcoins ($205,423 at press time) “quickly” at one go and at “attractive prices.” The service is available on weekdays between 10 a.m. (13 UTC) and 3 p.m. (18 UTC) Japan time. In an OTC trading service, two…

Bitcoin Cash, Litecoin Futures Volumes Top $150 Million at Kraken Exchange

It’s not just bitcoin futures products that are becoming popular with investors, at least according to one U.K.-based crypto derivatives provider. Crypto Facilities, a subsidiary of the San Francisco-based exchange Kraken that provides bitcoin and ether reference data for CME Group and has offered its own derivatives products for years, has seen trading volume in its altcoin futures markets jump dramatically in recent weeks – in particular, its litecoin and bitcoin cash futures contracts, said head of indices and pricing products Sui Chung. He told CoinDesk that the company had…

Crypto Exchange Bithumb Hacked for $13 Million in Suspected Insider Job

South Korean crypto exchange Bithumb has had around $13 million in the EOS cryptocurrency stolen in a hack it suspects was an insider job. The company confirmed in statement on Saturday that it first spotted an “abnormal withdrawal” of the cryptocurrency through its monitoring system at 22:00 Korean time (13:00 UTC) on Friday, March 29. The exchange suspended asset withdrawals and deposits on the platform after noticing the breach. Bithumb stated: “All the [stolen] cryptocurrency is owned by the company, and all members’ assets are under the protection of a cold wallet.”…

Former Mt. Gox CEO Mark Karpeles to Appeal Conviction

Mark Karpeles, former CEO of the long-defunct bitcoin exchange Mt. Gox, is to appeal his conviction on data manipulation charges earlier this month. According to a report from The Associated Press on Friday, Karpeles said he had decided to appeal because the Tokyo District Court did not fully look at the defense arguments. Karpeles said: “During the opening of my trial in 2017, I swore to God that I am innocent of all charges. I believe appealing to the judgment is appropriate so that I can be judged again in…

Coinbase Leads Wall Street to Brave New World of Crypto Staking

The Takeaway: Coinbase Custody is offering staking services to institutional clients, starting with Tezos. Client assets will remain inside Coinbase’s fully insured cold storage at all times, mitigating risk to investors. Since staking requires some funds to be kept online, Coinbase will put up its own coins, assuming the risk. After deducting Coinbase’s fee, clients can expect to earn about 6.6 percent annually, the firm says. Coinbase’s custody arm is trying to entice its institutional customers into the brave new world of staking crypto assets for profit. Starting with the Tezos…