Coinbase allocating 10% to innovation plays
The cryptocurrency exchange is looking to create a “culture of repeatable innovation” following the successful launch of its public offering last week. United States cryptocurrency exchange Coinbase has announced a new project aimed at increasing innovation in the nascent blockchain industry. Project 10 Percent will see Coinbase divert 10% of its resources to supporting innovative ideas within the company. The project aligns with the exchange’s philosophy that “70% of our time should be focused on core work, 20% on strategic bets, and 10% on innovative experimentation,” the company said....
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The cryptocurrency exchange Coinbase has addressed the company’s procedures toward complying with sanctions in a blog post published on Sunday. The crypto firm says that respecting sanctions plays a “vital role in promoting national security” and the acts can help deter “unlawful aggression.”
Coinbase Intends to Comply With International Sanctions, Chief Legal Officer Says ‘Digital Assets Have Properties That Naturally Deter Sanctions Evasion’
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A survey reveals that the number of U.S. financial advisors allocating to crypto in their clients’ portfolios surged significantly from 2019. The figures show that it rose 49% in 2020, from 6.3% to 9.4%. A Vast Majority of the Advisors Also Have Personal Crypto Investments According to the San Francisco-based asset management firm Bitwise, 58% of advisors allocating to crypto are independent Registered Investment Advisors (RIAs). The report says that the finding is not a surprising one. In fact, RIAs do not have restrictions on which type of investments they can include in....
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Technology plays an ever-important role in the daily lives of everyday consumers. But not just consumers can benefit from technological innovation, as companies stand to gain a lot from embracing these new tools. A recent study of British businesses indicated there is a major interest in harnessing technology, which could yield up to nearly £100bn a year. Over the past few years, technological innovation has gotten a bit of a bad reputation. Many people, especially among older generations, feel that machines and other innovations will replace humans in the long run. While it is certainly....