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Paxtradings Crypto Minute: May 25, 2018

PAX Trading > Crypto Minute > Paxtradings Crypto Minute: May 25, 2018

Coinbase Acquires Cryptocurrency Trading Platform Paradex

According to cnbc, Coinbase has bought a decentralized exchange named Paradex. This move by Coinbase is notable for two reasons. It shows that Coinbase is entertaining the idea of users exchanging cryptocurrency directly, as opposed to on a centralized exchange such as GDAX. It also shows Coinbase’s strategy of allowing users to exchange a deeper breadth of tokens, and eventually offering these services to US investors. Additionally, Coinbase has announced that GDAX will transform into Coinbase Pro, designed to attract more sophisticated institutional investors.

U.S. Launches Criminal Probe into Bitcoin Price Manipulation

According to Bloomberg, the US Justice Department is taking a deeper look at whether there is foul play going on in cryptocurrency markets. The investigation is targeting spoofing and wash trading, as these are common schemes used in traditional markets to dupe investors and avoid taxes. Furthermore, the Winklevoss twins(owners of exchange Gemini), hired Nasdaq last month to oversee trading activity on their exchange in an effort to provide a more regulated environment for traders and investors.

Buterin Considering Move to Google?

According to newsbtc, Google has reached out to Vitalik Buterin and offered him a job. Vitalik shared the conversation on twitter(now deleted) and polled the community of whether he should leave Ethereum and join Google. Furthermore, Google’s venture arm is quietly exploring blockchain technology; making investments in companies such as Ripple, LedgerX, and Veem.

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