Coinbase

During an AMA session, Coinbase CEO Brian Armstrong announced that the company is working on introducing its debit card to customers in the U.S.

The U.S.-based cryptocurrency exchange Coinbase will shut down its Chicago office and scale back plans for a high-frequency trade matching engine.

Cryptocurrency exchange platform Coinbase has announced that it will be expanding its crypto-to-crypto trading service to more countries.

"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.

Bitcoin crossed the $5,000 price range this week, but things are different than when it did so in 2017.

Crypto exchange Coinbase purchased controversial software services provider Neutrino for $13.5 million.

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."