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Coinbase Custody acquires Xapo institutions, continues rapid expansion

Coinbase Custody has reportedly acquired Xapo's institutional business to become the world's largest crypto manager of assets under custody. Large crypto exchange Coinbase announced the news in a post on the company's blog on August 15. The news follows rapid growth on that part of Coinbase's year-old custody wing, which just two months ago reported assets under custody (AUC) worth …

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Google employees are promising not to work with ICE

SAN FRANCISCO (AP) – Hundreds of Google employees are asking the company to pledge that it will not work with the U.S. Customs and Border Protection or Immigration and Customs Enforcement. It's the last of a year full of political and social pushback from the tech giant's workforce. A group of employees called Googlers for Human Rights issued a public …

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Asia stocks take heart in stimulus speculation

SYDNEY (Reuters) – Asian stocks found some foothold on Friday after a turbulent week as China hinted at more support for its economy amid rising expectations of aggressive stimulus from all major central banks. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China September 7, 2018. REUTERS / Aly Song …

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Luckin counts the cost of the Starbucks match

Luckin Coffee Inc's store numbers are 2,963, about 1,000 fewer than Starbucks. By the end of the year, Luckin aims to open 4,500 stores. (AP Photo) BEIJING: Luckin Coffee Inc turned in a larger-than-expected loss, as costs were ballooned at store openings and heavy discounts to compete with Starbucks Corp., driving the Chinese company's US-listed shares sharply Wednesday. The startup, …

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Crypto Exchange Coinbase acquires Xapo's institutional storage business

Cryptocurrency exchange Coinbase has acquired the institutional business of cryptocurrency wallet and custody provider Xapo. Coinbase said in a statement on Thursday that the deal will help expand its storage operations and increase assets under custody to be more than $ 7 billion. According to a Fortune report on Thursday, Coinbase bought Xapo's institutional business for $ 55 million after …

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What are your concerns about a possible economic downturn?

An escalating trade war with China, a dramatic fall in the stock market and other economic indicators have raised fears that another economic recession may be on the horizon. Another downturn 11 years removed from the Great Recession could have a profound effect on Alabamians' finances – from job loss and inability to pay medical bills to defaults and mortgages. …

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FDA plans to update health warnings about cigarettes with graphic images: Shot

U.S. The Food and Drug Administration plans to require tobacco companies to include 13 health notices on cigarette packaging and advertising. U.S. Food and Drug Administration hide caption toggle caption U.S. Food and Drug Administration U.S. The Food and Drug Administration plans to require tobacco companies to include 13 health notices on cigarette packaging and advertising. U.S. Food and Drug …

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