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Brian Armstrong

Coinbase 50,000 New Users Daily in 2017

Coinbase, Inc., the largest cryptocurrency exchange in the US, was signing up 50,000 new customers a day last year, says CEO Brian Armstrong.

Crypto ‘Bubble’

Armstrong spoke at Bloomberg’s Players Technology Summit in San Francisco on Tuesday. Cryptocurrency had a huge rise last year, more particularly towards the second half of the year, but most investors who entered the game late have lost money.

From its all-time high of almost $20,000 back in December, Bitcoin has dropped nearly 70 percent. All of the other altcoins have followed suit, in a wave of panic selling. Most individuals, especially those signing up to the Coinbase platform, were brand new to the cryptocurrency market and some had no prior investing knowledge.

When coins started seeing slight losses in December, a large group of these new investors didn’t know what to do – so they folded and sold. Individuals with investing experience understood that market correction was a part of the game, but from mid-January to mid-February the crypto market took a rough beating. $500 billion were wiped from the crypto market and some analysts claimed that the crypto ‘bubble’ finally popped.

Coinbase Continues to Grow

This technology is going through a series of bubbles and corrections, and each time it does that, it’s at a new plateau,” Armstrong told Bloomberg on Tuesday, “People’s expectations are all over the map, but real-world adoption has been going up.”

Armstrong told the panel at the summit that Coinbase helped customers trade more than $150 billion worth of cryptocurrency over the past year. The CEO didn’t elaborate on the company’s current rate of onboarding new customers though. Still, the San-Francisco-based exchange continues to grow. Currently, Coinbase has around 1,000 employees.

>> Ripple Exec Says Company is Targeting the Large Financial Market in China

Armstrong estimates that about 10% of the digital coins out there are used in real life.

I think it will be quite some time before you cross the street to Starbucks in the U.S. and pay with crypto,” he said.

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Vitalik Buterin Makes Fortune 40 Under 40

We know their names, but that’s not always enough. To appreciate the young in the world of business, Fortune, a multinational magazine, publishes its ’40 under 40′ list every year. Yesterday, the 2018 Fortune 40 under 40 list was released—and four crypto players made it. Vitalik Buterin makes Fortune 40 under 40, plus more!

Crypto Makes it on the 2018 Fortune 40 Under 40

When Fortune’s under 40 rankings first started, it was to show off the giants of the dot-com boom. But things are different now, with changes being sparked by the 2008 financial crisis.

Now, Fortune still lists those under 40, but instead of showing their wealth, the magazine highlights their influence, achievements, and power—three qualities that a majority of the crypto industry has (if it were up to us, the list would be full of crypto players), but only four made this year’s list.

So, who are the lucky four? 

1. Brian Armstrong Makes Fortune 40 Under 40: CEO of Coinbase 

Brian Armstrong, 34, is ranked 20th, a drop from where he placed in 2017 (he was ranked 10th). 

Achievements: Fortune talks about how Armstrong is moving Coinbase in the direction of becoming “the Google of crypto.”

The magazine noted that Coinbase has a ways to go, but Armstrong is doing all the right things, like investing in upstarts, as well as making acquisitions. 

2. Vitalik Buterin Makes Fortune 40 Under 40: Ethereum Co-Founder 

Born in Russia, Vitalik Buterin, 24, made his debut on the Fortune 40 under 40 in 2016. This year Vitalik Buterin makes Fortune 40 under 40, moving from 31st place to 22nd. 

Achievements: You can’t argue that Buterin isn’t influential (and, at times, controversial) and Fortune recognizes this. The magazine discussed how Ethereum, his blockchain platform, now has a market value of $48B, making it one of the most valuable crypto networks in the world.

3. Pavel Durov Makes Fortune 40 Under 40: Telegram Founder 

Making his debut on the 2018 Fortune 40 under 40, Pavel Durov, 33, is ranked 25th. It’s not a surprise that Durov is ranked, considering it has been one hell of a year for the Russian developer. 

Achievements: Durov is on Fortune’s list because back in March, his company Telegram finished two $850M ICOs. In the end, Telegram’s total ICO earnings came to $1.7B. 

4. Vlad Tenev and Baiji Bhatt Make Fortune 40 Under 40: Robinhood Founders

Again, not a surprise to see these two crypto industry representatives on the 2018 Fortune 40 under 40.

Co-CEOs of Robinhood, a stock trading app, Tenev, 31, and Bhatt, 33, are both ranked 24th. 

Achievements: The above pretty much sums it up. But if you want more, get a load of this: Robinhood is trying to expand crypto trading support and has already raised $363M in funding in an attempt to do so.

The Takeaway

Overall, I would say the 2018 Fortune 40 under 40 is spot on. Some of these crypto players are on the list for a second or third time, while others are making their debuts. 

Either way, the people who have taken the industry to the point that it is at now are getting recognized—and that’s nice to see.

What do you think of the 2018 Fortune 40 under 40 list? Should more crypto players be ranked?

>> Genesis’ Peter Gabriel Invests in Blockchain Startup

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Crypto World Cup Day 14

Day 14 of the Crypto World Cup was a wild one! Roger Ver faced off against Anthony Pompliano in what turned out to be a shocker of a game. Plus, Willy Woo pulls the wool over everyone’s eyes.

Meet the players of this year’s Crypto World Cup.

Check out the results and highlights of today’s games

Match 1: Brian Armstrong 0-3 Willy Woo

The stakes were high today, especially for Willy Woo. Armstrong, having won his last two games, was already guaranteed a spot in the next round, and while there was a strong likelihood that Woo would be moving on as well, a bad game today could have really messed things up for Willy Woo.

But Woo was on fire today! He managed to get in three amazing goals, as Armstrong struggled to hold on. Perhaps Armstrong wasn’t trying too hard since he already knew he’d be moving on, but he certainly wasn’t giving much of a fight against Woo.

Match 2: Anthony Pompliano 2-0 Roger Ver

This could have been the game to end all games – and for Roger Ver, it was. Ver was a favourite going into this year’s Crypto World Cup, considering he won the last competition, but bad luck was on his side this year. Could this be the return of the winner’s curse?

It was a nail-biting game throughout and both Pompliano and Ver fought hard, Ver reallllly pushing for Bitcoin Cash to go through, but he just couldn’t quite make it.

Pompliano, already out of the competition based on his previous poor performance during his last two games, showed us that he’s still got it in him. Pompliano managed an amazing two goals in the last few minutes of the match, ensuring that Ver wouldn’t be getting any measly tie points – and with that, Ver is officially out of the competition!

Match 3: David Schwartz 2-2 Dan Larimer

Schwartz managed the first goal in his game against Larimer, but his victory lap didn’t last long. Larimer soon tied the match 2-2, continuing with today’s tradition of losers giving the other teams a run for their money.

Match 4: Jamie Dimon 0-2 Cameron Winklevoss

Had Cameron Winklevoss lost today, he wouldn’t have made it through, such has been the rocky start to the competition for this favoured crypto rep. But, facing off against Dimon, Winklevoss clearly wasn’t nervous – and he needn’t have been.

Winklevoss came away the winner today and will be advancing to the next round, along with David Schwartz, Brian Armstrong, and Willy Woo.

>> Check out Day 13 of the Crypto World Cup

Featured image: CBS Sports

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Crypto World Cup Day 10

Day 10 of the Crypto World Cup has officially concluded, and it was quite the doozy! 

Saturday’s matches saw Satoshi Nakamoto alienate Jed McCaleb.  We also saw a tight game between Anthony Pompliano and Brian Armstrong, with the latter coming back in injury time. Day 10 of the Crypto World Cup ended with Roger Ver facing off with Willy Woo in what ended up being a nail-biting game.

If you don’t know yet, meet the players of our 2018 Crypto World Cup! 

Match 1: Satoshi Nakamoto 5-2 Jed McCaleb 

The game started off tight but quickly favored Satoshi Nakamoto. Both teams scored less than twenty minutes into the first half, with Satoshi Nakamoto slotting the ball into the bottom-left corner during a penalty in the 6th minute. 

Jed McCaleb came back in the 18th minute, but not before Satoshi Nakamoto slipped the ball through the legs of Mr. McCaleb, making the score 2-0 at the time. 

Satoshi Nakamoto went on to score 2 more goals in the second half, with the last being at the 90th minute. Jed McCaleb managed to get one more goal, 3 minutes into injury time. 

Takeaway:

Satoshi Nakamoto: 6 Points; Leader of Group G

Jed McCaleb: 0 Points; Bottom of Group G

>> Check Out Crypto World Cup Day 9!

Match 2: Brian Armstrong 2-1 Anthony Pompliano 

This was Brian Armstrong’s game. 12 minutes into the game and Brian Armstrong held 72% of possession. Armstrong scored his first goal in the 26th minute via a penalty. 

Second half was met with yellow cards, substitutions, and another goal for Brian Armstrong — eight yards out at the 66th minute. 

At this point, the game was in the Brian Armstrong bag. But 3 minutes into injury time, Anthony Pompliano managed to bang in a screamer from 20 yards out, making the score 2-1. The game was back on. However, with a remaining 3 minutes in stoppage time, Anthony Pompliano was not able to equalize. 

Takeaway: 

Brian Armstrong: 6 Points; Leader of Group F

Anthony Pompliano: 0 Points; Bottom of Group F 

Match 3: Roger Ver 2-1 Willy Woo 

Both teams took turns leading this match. Controversial crypto player Roger Ver started off the game strong, with Willy Woo failing to complete the majority of his passes. But at the 30-minute mark, the game began to favor Willy Woo. Roger Ver wasn’t able to maintain possession and Willy Woo managed to take the lead, clipping the ball over the goalie. 

Roger Ver must have given one inspirational half-time pep talk. After making a few subs, Roger Ver managed to equalize in the 48th minute, driving the ball home. At this point, the atmosphere had changed. All eyes were on Roger Ver. Could this crypto player make a comeback? 

And he did! In injury time, Willy Woo clumsily gave up a free-kick on the edge of the box, and Roger Ver drove it home, curling the ball into the far corner of the net. 

The game ended 2-1 to Roger Ver. 

Takeaway:

Roger Ver: 3 Points; Second in Group F; Behind Mexico 

Willy Woo: 3 Points; Third in Group F; Ahead of South Korea 

The Crypto World Cup 

It’s forecasted that by June 28th we will have our top 16 in the Crypto World Cup. Tune in tomorrow and throughout the rest of the week for more results!

Who’s going to be this year’s winner of the Crypto World Cup? Let me know what you think in the comments below! 

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Meet the Players, Guess Who Wins – Crypto Currency News

It’s time for the next saga in our crypto game adventures – the Crypto World Cup! The world of crypto has a lot of big names. It’s about time they faced off with one another. Who will come out on top?

Let’s meet the players!

Crypto World Cup: Who’s Who

Our crypto representatives come from all walks of crypto – token developers, crypto advocates, analysts, even some crypto naysayers.

All of our fabulous crypto representatives were assigned randomly to a country playing in the FIFA World Cup. Their progress in the Crypto World Cup depends entirely on how well the country does in the FIFA World Cup.

Crypto World Cup

Crypto World Cup

CryptoYoda is Russia. CryptoYoda is a crypto enthusiast and technical analyst, providing insight into crypto prices and movements.

David Sønstebø represents Saudi Arabia. Sønstebø is the co-founder of IOTA, the 9th largest cryptocurrency in the world.

Erik Voorhees is Egypt. As the CEO of ShapeShift, Voorhees is well-versed in the intricacies of crypto, but how is he with soccer?

Brad Garlinghouse is Uruguay. A big name in crypto, Garlinghouse is the CEO of Ripple, which is behind the third largest cryptocurrency in the world.

Zhao Changpeng represents Morocco. He is the CEO of Binance, one of the largest cryptocurrency exchanges in the world.

Tim Draper is playing for Iran. Draper is an American venture capital investor and crypto bull.

John McAfee will play for Portugal. Highly enthusiastic for crypto, McAfee is willing to go to the extreme to represent cryptocurrencies.

Tyler Winklevoss is Spain. One of the infamous Winklevoss twins, Tyler and his brother became two of the first known Bitcoin billionaires.

Charles Hoskinson hails for France. Hoskinson is the face behind Cardano. Will he be the face behind the Crypto World Cup?

Tiffany Hayden represents Australia. Hayden is a blockchain influencer and crypto enthusiast.

Vitalik Buterin is Argentina. Best known as the co-founder of Ethereum, Buterin is also the co-founder of Bitcoin Magazine.

Nick Szabo is playing for Iceland. Szabo is a crypto influencer who has done a lot of research into the space.

Apolo Ohno represents Peru. An Olympic athlete turned crypto player, Ohno is the founder of the cryptocurrency trading ecosystem HybridBlock.

Bill Barhydt will play for Denmark. Barhydt is the founder and CEO of Abra, a digital crypto wallet app.

Charlie Lee is Croatia. Lee created the cryptocurrency Litecoin (LTC) and has recently become a part of the creation of Magical Crypto Friends, a show all about the wonder of crypto.

Barry Silbert is Nigeria. Silbert is the founder and CEO of Digital Currency Group, a venture capital company focused on cryptocurrency and blockchain technology.

Dan Larimer represents Costa Rica. Larimer is the CTO of EOS, but he got his start with BitShares and co-founding Steemit.

Jamie Dimon plays for Serbia. Dimon is on the critical side of crypto, but what would be a fight without a few bears?

Roger Ver is Germany. An early investor in Bitcoin startups, Ver hails as the CEO of Bitcoin.com and is a strong pusher behind Bitcoin Cash (BCH).

Brian Armstrong represents Mexico. Armstrong has made his mark on crypto as the CEO of crypto exchange Coinbase.

Cameron Winklevoss is Brazil. Cameron Winklevoss, together with his twin brother Tyler are behind the Gemini crypto exchange.

David Schwartz is playing for Switzerland. Schwartz is the chief cryptographer at Ripple.

Willy Woo will be Sweden. An avid crypto enthusiast, Woo writers for CoinDesk.

Anthony Pompliano is South Korea. Pompliano is a strong backer and believer in crypto, and long-time writer of crypto Medium posts.

Satoshi Nakamoto represents Belgium. The name ascribed to the creator of Bitcoin, Nakamoto’s true identity may be a secret, but their game won’t be.

Tom Lee is kicking for Panama. Wall Street analyst Tom Lee has been on both sides of the crypto battle but tends to err towards pro.

Jed McCaleb is Tunisia. Starting at Ripple, McCaleb parted ways in 2013 and created Stellar, where he is now CTO.

Justin Sun plays for England. He’s the face behind TRON (TRX) and will always be making announcements about announcements.

Warren Buffett represents Colombia. One of the biggest crypto bears out there, no match would be complete without Buffett taking a shot at crypto.

Andreas Antonopoulos is Japan. Antonopoulos hosts the podcast Let’s Talk Bitcoin where he advocates for the digital currency.

Don Tapscott is playing for Poland. Tapscott is a crypto bull that’s all for blockchain becoming the wave of the future.

Jack Dorsey is Senegal. As the CEO of Twitter, you may not immediately connect Dorsey with crypto, but he has repeatedly shown off what a fan of Bitcoin he is.

>> Check out the Crypto Olympics

Crypto World Cup: The Matches

Our crypto representatives will be playing according to the match lineup of the FIFA World Cup. Each day there are matches, we will publish an article summing up all the games and their outcomes.

Here are the first three matchdays, which will be happening over the course of June 14th to June 28th. Each matchday will consist of the crypto representatives playing three times, against three different crypto representatives. Teams that do the best move into the next round, which starts June 30th.

Crypto World Cup

Crypto World Cup

Crypto World Cup

Crypto World Cup

Crypto World Cup

Crypto World Cup

Who will move onto the next round? Who will win the Crypto World Cup?

Tell us your guesses in the comments below.

Don’t forget to tune in tomorrow for our first match: CryptoYoda vs. David Sønstebø!

>> The Crypto Oscars

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