Business Wars Crypto Wars | Block Busting | 4
Nov 1, 2021
In 2015, Coinbase takes on the daunting crypto landscape, clashing with regulators and the Winklevoss twins’ Gemini startup. The pressure mounts as CEO Brian Armstrong navigates compliance challenges and the company's uncertain future. Tensions rise over Bitcoin's block size, revealing deep community divisions. Meanwhile, Ethereum starts to rise as Bitcoin struggles with transaction delays, hinting at a transformative shift in the cryptocurrency world. With innovation and competition at the forefront, the stakes couldn't be higher.
AI Snips
Chapters
Books
Transcript
Episode notes
Coinbase Exchange Launch
- Coinbase launched its Bitcoin exchange with a pajama party and countdown.
- Co-founder Fred Ehrsam gave a pep talk, emphasizing their advantage over the Winklevoss twins.
Customer Alert from California DBO
- Coinbase's compliance chief, Martine Niejadlik, received a call about a customer alert issued by the California DBO.
- Ehrsam admitted to misspeaking in an interview, claiming Coinbase was licensed in California, causing the alert.
Silicon Valley Bank Drops Coinbase
- Silicon Valley Bank's legal team discussed Coinbase's risk due to a news story.
- The story highlighted Coinbase's presentation to investors about Bitcoin's ability to evade sanctions, leading to concerns and the decision to drop Coinbase as a customer.
