"Coinbase Card supports all crypto assets available to buy and sell on the Coinbase platform, meaning they can pay for a meal with bitcoin, or use ethereum to fund their train ticket home," the platform says.
Blaming “a gap in [Coinbase’s] diligence process,” CEO Brian Armstrong writes that Coinbase “did not properly evaluate everything from the perspective of our mission and values as a crypto company.”
Coinbase’s Director of Institutional Sales, Christine Sandler, said in an interview last week that, in part, the exchange acquired controversial software firm Neutrino because its prior blockchain analysis providers were selling customer data.
Among other issues, Reporters Without Borders labeled Hacking Team (the team behind Neutrino) as one of five “Enemies of the Internet” in 2013 for its role in humanitarian abuses against journalists.
With its analytical capabilities, Neutrino will help Coinbase add new features and tokens to the platform, while ensuring "compliance with local laws and regulations."
Unless cybersecurity becomes part of the fabric of blockchain and crypto with stakeholders taking it more seriously, it will take much longer for this amazing technology and currency to get the mass adoption that it deserves.
Blockchain and cryptocurrency research firm Diar has released a report that reveals a sizeable drop in crypto trade volumes in January 2019 for popular crypto exchanges Binance, Gemini, OKEx and Coinbase.
