Coinbase has raised $100 million in a Series D funding round led by IVP; firm has exchanged over $25 billion of digital currency and plans to use the funding for expanding its business operations; the company currently has three main products: Coinbase for retail digital currency trading, GDAX for institutional and professional digital currency trading, and Toshi a browser for the Ethereum network. Source
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Dorsey was recently interviewed at the Computer History Museum in Mountain View; Dorsey is bullish on the future of blockchain describing it as the "next big unlock"; believes that people need to be thoughtful in the applications of blockchain, focusing on what are the best applications of the technology; also discusses bitcoin and how it is beginning to reach more people. Source
Regulation in the US is far different than in China; CredEx is a Chinese company that shares the state of regulation there; Jo Ann Barefoot shares her perspective on regulation in the US, having spent most of her career working in consumer protection and financial inclusion; she believes that we have produced a regulatory system that has high cost and low value which has left consumers confused by products; while not discounting the importance of regulation, Barefoot shares that fintechs can do more to further goals around financial inclusion than regulation can; one area where the US is lagging behind much of the world, specifically China is in mobile adoption and regulators in the US are struggling to keep up as technology quickly changes. Source