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Coinbase Appoints Melissa Strait As Chief Compliance Officer

Coinbase, one of the world’s largest cryptocurrency exchanges, has recently appointed Melissa Strait to its team of directors as its new Chief Compliance Officer. In an official blog post published on Wednesday, the company stated that Strait will now handle all its compliance policies, such as the Know-Your-Customer (KYC) and Anti-Money Laundering (AML) compliance. She will also take care of the company’s businesses with several law enforcement agencies worldwide, in areas where Coinbase operates. This will not be a daunting task for Strait as she had recently served as the Global Head of Financial Crimes and U.S. Compliance Officer at

Elliptic Founder Says More Banks Are Considering Offering Bitcoin Services

With interests in Bitcoin (BTC) skyrocketing, leading the cryptocurrency to set a new all-time (ATH) of above $51,000, large financial institutions, especially banks, are considering offering Bitcoin-related services.  Co-founder of Elliptic, Tom Robbinson, told Telegraph today that several global financial institutions have reached out to him to explain the compliance risk of launching Bitcoin services.  “I’ve seen a massive uptick in inquiries from several financial institutions that are seriously considering launching some type of cryptocurrency service,” he said.  According to Robbinson, Asian banks first indicated an interest in offering bitcoin-related services four months ago, followed by US financial institutions, which started

JPMorgan’s Strategists: BTC Rally Will Not Last Unless Volatility Reduces

Strategists from JPMorgan Chase have recently opined that the largest cryptocurrency by market cap, Bitcoin (BTC), needs to disassociate from its increased volatility to sustain its current bull run.  The strategists led by Nikolaos Panigirtzoglou noted in a report that BTC’s current price of above $51,000 is “not sustainable” unless the cryptocurrency eases its high volatility.  BTC Volatility Not New, Sparks Controversy BTC’s volatile nature has been a major topic of discussion among global financial experts since 2017.  The asset, which spiked as high as almost $20,000 in early 2018, plunged below $10,000 that year.  This unfavorable price swing has sparked debate