Brian Armstrong

Coinbase – the largest cryptocurrency exchange in the United States – plans to make trading fee revenue less central to its business.  Instead, company CEO Brian Armstrong said he’d like to see over 50% of its revenue generated from subscriptions and services.  Coinbase’s Long-Term Plans In an interview with CNBC, Armstrong said that subscriptions and services account for 18% of Coinbase’s current revenue. He predicts that share will grow over many years, making the exchange’s performance more predictable in the…

Brian Armstrong – CEO of Coinbase – refused to freeze Russian users’ assets at his exchange despite officials’ calls to help financially cripple Russia. Damage From Russian Sanctions Similar to the CEOs of Kraken and Binance, Armstrong cited financial sovereignty and crypto-centric values as reasons to continue protecting Russian accounts. “We believe everyone deserves access to basic financial services unless the law says otherwise.” said Armstrong in a Twitter thread discussing the matter on Friday. [caption id="" align="aligncenter" width="1200"] Brian…

Earlier today, Pro-XRP Attorney James Filan tweeted that the SEC "will stop at nothing" to have authority over the crypto space. In the tweet, he revealed that Coinbase believes the SEC is unlawfully stalling the launch of the exchange’s crypto lending program. More crypto enthusiasts have made their stance against the SEC’s ‘intimidation tactics.’   Coinbase's chief legal officer, Paul Grewal, wrote in a blog post that the regulatory agency threatened to sue the company if it launched the feature. Subsequently,…

After 2009 when the first decentralized cryptocurrency, Bitcoin, was created by Satoshi Nakamoto, many other founders emerged and came up with new projects. These projects either sought to be better than Bitcoin or cover the niches in Bitcoin. Although cryptocurrencies are based on blockchain technology, many individuals are becoming more innovative in the industry. These founders come from various backgrounds including, development, economics, or the corporate world. Their backgrounds and experiences inspire them to develop unique ideas to solve real-world…

According to Coinbase’s CEO, Brian Armstrong, in an article, some of the nascent cryptocurrency assets are ready to challenge the traditional financial system with a feature that has been falsely attributed to Bitcoin. The article for Project Syndicate discussed the potency and concerns regarding privacy coins, featuring protocols meant to make transactions untraceable. When it comes to Bitcoin blockchain, it leaves a digital trail of transactions, as against what people think. Armstrong said that although privacy coins such as Zcash and Monero…