Coinbase’s Vice President Is Quitting His Job

Coinbase, Quit, Job

As reported by Bloomberg, one of the earliest and most important staff members of the crypto exchange Coinbase left the company. Adam White has been its Vice President and General Manager since the time when Coinbase was only starting out in the crypto world.

White has not yet provided any reasons of what were his reasons for leaving and why he decided to do so in a time when Coinbase started growing fast. One of the company representatives commented on the situation by saying:

While we’re extremely sad to see him go, we’re also confident in that group’s ability to keep executing on the vision that he laid out.

We remind you:

The Number of the Coinbase Clients Is Larger Than the Total Supply of Bitcoin

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OKEx Adds 4 Stablebcoins To Its Listing

A well-known cryptocurrency exchange OKEx announced the support of four stablecoins on its official Twitter account, namely: TrueUSD, USD // Coin, Gemini Dollar and Paxos Standard Token.

Starting from October 15, the platform users will be able to make deposits with these assets. Bidding will start the next day. Tokens will be traded not only in pairs with BTC, but also with Tether.

We also remind, an Internet giant GMO Internet announced the release of its own stablecoin, which will be backed by yen:

Japanese Internet Giant Launches Its Own Yen-Pegged Stablecoin

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Donald Trump’s Ex-Counsel Became an Advisor of a Blockchain Startup

Trump's assistant became an adviser of a blockchain project

Gary Cohn, a former economic policy advisor of the US President Donald Trump, has become an advisor of the project Spring Labs.

The banker worked at the investment and financial holding Goldman Sachs Group for more than 25 years, he served as a President and Chief Operating Officer. In 2017-2018, he was an assistant of the current President of the United States.

I have been very interested in blockchain technology for a number of years, and Spring Labs is developing a network that could have profound implications for the financial services sector, among others,” said Cohn. “I am excited to actively support the Spring Labs team in the development of this important business and network.”

The other Spring Labs advisors are:

  • the former chairman of the Federal Deposit Insurance Corporation of the United States (FDIC), Sheila Bair;
  • Nigel Morris, the co-founder and former [resident of Capital One banking holding company;
  • the chief lawyer of the crypto exchange Coinbase, Brian Brooks.

We remind you:

Ex-Counsel of Trump Predicts the Emergence of a New Global Cryptocurrency

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Vitalik Buterin Find the Term “Smart Contracts” Not Quite Appropriate

buterin doesn't like the name of smart contracts

The technology of smart contracts is undoubtedly an essential part of the Ethereum protocol. However, Vitalik Buterin now regrets having chosen such a name for his creation. Buterin believes that his word choice should have been more technical and “boring” in order to display the full potential of the technology.

Such a comment was caused by the statement of a Twitter user which said that the word “contract” sounds way too legal, whereas crypto should stay away from governmental regulation.

Recently, the founder of Ethereum has encountered a lot of criticism regarding the issue of decentralization.

We remind you:

Vitalik Buterin Has Been Attacked By Roubini

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A Group of Investors Bought the Crypto Exchange Bithumb

bithumb was sold

As mentioned in the Korean news media, an association of major Singaporean investors BK Global Consortium is now the rightful owner of one of the largest Korean digital asset exchanges, Bithumb.

One of the Consortium members previously used to own a big amount of company’s shares. He has also invested in multiple blockchain-based projects in Singapore.

In the future, the new management of Bithumb is going to proceed with its plan to launch a decentralized branch and is also considering the creation of their own stablecoin.

We remind you:

Bithumb Is Going to Open Up a Decentralized Cryptocurrency Exchange

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Founders of Alibaba, Bitmain, Binance, Huobi, OkCoin Got On the List of 2018 China’s Richest Businessmen

The Hurun Research Institute published an annual list of the richest entrepreneurs in China in 2018. This time, there are 13 businessmen who got listed there, they are somehow connected with mining cryptocurrency or owning crypto exchanges.

The highest position in the ranking among 13 crypto-personalities was taken by Zhan Ketuan, the founder of Bitmain. His assets, in total, are worth 29.5 billion yuan ($4.25 billion), which allows him to take #94 line in the list.

Next comes Wu Jihan, co-founder of Bitmain Technologies, whose capital counts for 16.5 billion yuan, he is at #240 position in the rating.

Despite the downturn in the cryptocurrency market, the founders of the world crypto exchanges still managed to make a pretty big fortunel. Zhao Changpen (Binance) – $2.1 billion, Li Ling (Huobi) – $1.4 billion, Star Xu (OkCoin) – $1 billion.

Jack Ma, the founder of Alibaba, is also worth mentioning who tops this rating. His equity totals $39 billion, allowing him to become China’s richest entrepreneur.

We remind you

Forbes Published A Ranking Of The Wealthiest Americans, Is there Any Crypto-Related Person?

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A Fake Account of Elon Musk Organized a Cryptocurrency Giveaway

elon musk was involved in a twitter scam

A Twitter account that pretended to be the CEO of Tesla, Elon Musk, tried to fool the community into sending him/her Bitcoins. The weird fact is that this account had a verification check which could possibly deceive a lot of people.

The original tweet was quickly deleted, but some users managed to document the evidence.

This scam raised a new wave of criticism because of the social networks’ inability to protect their users from scams and frauds.

We remind you:

Elon Musk: “I Want Ethereum, Even If It’s a Scam”

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