“I thought [a CEO] had to be a military general, barking orders. But I feel I’ve embraced my own style of leadership, which is a little bit more collaborative. It’s seeking the truth, not trying to be right. I also realized you shouldn’t try to be something you’re not because that’s the worst kind of leadership.” — Brian Armstrong, CEO Coinbase
The Big Block
Leading US crypto exchange Coinbase today rolled out a suite of new features, including a crypto basket that can be purchased in increments as small as $25. “Buying a single cryptocurrency can be easy if you know what you want,” the company said. “But knowing which cryptocurrency to buy — and feeling confident in the amount you purchase — is where a lot people lose confidence. The Coinbase Bundle takes the opposite approach.”
The bundle is a market-weighted basket of the five cryptocurrencies available on the exchange: bitcoin, bitcoin cash, ethereum, ethereum classic, and litecoin. At the time a customer purchases the bundle, Coinbase will calculate the appropriate market weights based on the prices of the underlying crypto assets. Those assets can later be sold individually by investors. The purpose of the bundle is to make buying more convenient and less “overwhelming,” Coinbase said.
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Around The Block
CoinList snags long-time IEX employee to lead business development
Yet another market structure wonk has hung up his Wall Street hat to join the cryptocurrency world.
Rob Salman, previously on the business development team at IEX, the upstart stock exchange made famous in Michael Lewis’ “Flash Boys,” has joined crypto startup CoinList as head of business development, according to people familiar with the situation.
Salman left IEX just before it welcomes its first-ever listed company, Interactive Brokers. IEX announced earlier this month that the brokerage firm would switch its listing from Nasdaq to the startup. — More
FedEx becomes the latest big name to join Hyperledger consortium
Shipping giant FedEx, along with 13 others, signed on to Hyperledger. The group now boasts 270 organizations in its “open source collaborative effort created to advance cross-industry blockchain technologies,” per a press release. “Our community ranges from technology giants and industry leaders to start-ups, service providers and academics,” said Brian Behlendorf, executive director, Hyperledger. “We are gaining traction around the world in market segments from finance to healthcare and government to logistics. This growth and diversity is a signal of the increasing recognition of the strategic value of enterprise blockchain and commitment to the adoption and development of open source frameworks to drive new business models.” — More
McAfee Labs: Cryptocurrency mining malware cases continue to rise in Q2 2018 — More
Swiss startup raises $100 million to build cryptocurrency bank — More
Baidu reveals its Super Chain — More
Ripple pledges $25 million to charity — More