Submit Blog Home » Cryptocurrency News » Cryptocurrency News » Coinbase is reportedly looking to set up office in New York Coinbase is reportedly looking to set up office in New York June 14, 2021 After announcing shutdown of San Francisco headquarters last month, Coinbase is reportedly quietly setting up its first office in New York.
3007 Total views
5 Total shares
The United States’ largest cryptocurrency exchange, Coinbase, is reportedly setting up its first office in New York.The Nasdaq-listed cryptocurrency exchange has allegedly subleased 30,000 square feet from Steven Cohen’s investment firm Point72 at Related Companies’ 55 Hudson Yards in New York, the New York Post reports Sunday.
Citing sources from a real estate firm, the report notes that Coinbase’s upcoming NY office makes up a small chunk of Point72’s total 339,000 square feet at the tower.The report also notes that Hudson Yards area is mostly known for corporate, media, and law tenants but not technology companies.
“It’s a new brand of user not only for Related’s Hudson Yards but also for the entire far West Side area,” one market observer reportedly said.
The biggest crypto exchange in the United States, Coinbase became even more discussed this year after going public on Nasdaq in April.The firm is known for its no-headquarter stance officially announced by CEO and co-founder Brian Armstrong in February 2021.Last month, Coinbase was planning to shut down its office in San Francisco in 2022 as part of the company’s commitment to “being remote first.”
Related: Coinbase recruits former White House adviser to new policy role
Armstrong stressed that the closure of Coinbase’s headquarters in the Golden Gate City will be an important step in ensuring that no office becomes an unofficial headquarters.“Instead, we will offer a network of smaller offices for our employees to work from if they choose to,” he said.
As previously reported by Cointelegraph, Coinbase’s position on being remote-first echoes a similar no-headquarters stance by competitor Binance, the world’s largest cryptocurrency exchange.Binance CEO Changpeng Zhao said back in 2019 that office and headquarters are “old concepts like SMS and MMS.” Share this: ‘Not a cheaper Bitcoin’ — Bitcoin Gold soars 173% as traders may be buying the wrong BTG Investors could be mistakenly linking the bank with the 2017 Bitcoin hard fork, causing a spike in price and trading action.
2699 Total views 23 Total shares A long-forgotten Bitcoin (BTC) hard fork has surged almost 200% in a week — simply because traders are buying the wrong altcoin.Bitcoin Gold (BTG), a relic from the… Bitcoin Fails to Regain $10K as Market Dominance Hits 6-Week Low Bitcoin (BTC) stayed lower on Sept.19 after yet another sudden bout of volatility sent the largest cryptocurrency below $10,000.Market visualization.
Source: Coin360Bitcoin lingers in four-figure zoneData from Coin360 showed BTC/USD stabilize at just below $9,900 after falling $500 in minutes overnight.The behavior has become increasingly characteristic of Bitcoin in recent months, with long periods… Uniswap’s first governance vote fails … despite 98% support Uniswap’s first governance proposal has ended in defeat, with votes in favor falling a whisker short of the required threshold.
561 Total views 11 Total shares The first governance vote for decentralized exchange (DEX) Uniswap has ended in failure, despite the proposal attracting overwhelming support of 98% of votes cast.Despite this, it fell roughly… Filecoin ignores Elon Musk’s Bitcoin FUD as FIL price rockets by 17% FIL, the native crypto asset of the Filecoin network, was among the best performing digital assets Friday as it maintained its gains against a very bearish cryptocurrency market.The FIL/USD reached an intraday high of $102.109 at around 0300 UTC, up more than 37% on a 24-hour adjusted timeframe.The pair underwent a sharp correction later… South African regulators issue fresh crypto investment warning Authorities in South Africa are warning investors to be wary of scams amid the current crypto bull market.860 Total views 6 Total shares South Africa’s Financial Sector Conduct Authority is sounding the cryptocurrency scam alarm once again.In a press release issued on Thursday, the FSCA enjoined the public to do their own due diligence… QuadrigaCX Is Filing for Creditor Protection Amid Liquidity Crisis, Community Remains Largely Skeptical Canadian cryptocurrency exchange QuadrigaCX is in hot water: Following the sudden death of its 30-year-old founder, Gerald Cotten, the exchange has allegedly lost access to its cold wallets, where most of the funds were stored.Now, the exchange has taken to court to avoid the collapse, but some community members suggest that QuadrigaCX’s cold wallets never… Law Decoded: The war of the wallets, 12/4–12/11 Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor’s noteLast week’s Law Decoded sounded the alarm on threats to self-custodial wallets in the U.S.in particular.While such concerns have continued to take shape, nothing concrete has emerged from the U.S.
Treasury, which was at… Matic becomes the first outside Ethereum to launch native Chainlink feeds Five price feeds will be directly published on Matic mainnet.1980 Total views 3 Total shares Matic Network, a smart contract platform acting as both a layer one and layer two for Ethereum, announced on Thursday the full launch of five Chainlink (LINK) price feeds that are set to power its ecosystem.Though there are many… Law Decoded: Big Tech, Central Banks and the Hunt for Monopolies, July 24-31 Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.
Editor’s noteThe concept of monopoly will reign in today’s Law Decoded.As a fundamental principle, blockchain technology is about distributing both inputs and outputs of information securely.In its still very young lifecycle, the technology has proven… Leave a Reply Search Submit Recent Posts.
