Coinbase CEO: Sanctioning a technology is a bad precedent, we will abide by the law

[Coinbase CEO: Sanctioning a technology is a bad precedent, we will abide by the law] Jinse Finance reported that Coinbase CEO Brian Armstrong commented on the Tornado Cash incident, saying that in my opinion, sanctioning a technology (rather than individuals or Entity) seems like a bad precedent that should be questioned, with potentially many downstream unintended consequences. He also said that Coinbase will always abide by the law.

Earlier news, the U.S. Department of the Treasury blacklisted Tornado Cash, prohibiting U.S. citizens from using it.

Other news:

Analysis | coindesk: Bitcoin is under pressure in the short term or there may be a downside risk: According to coindesk analysis, although Bitcoin is currently trending well and the price is above the 21-month exponential moving average (EMA), it is still very difficult to break through $6,000 because There are three key resistance levels at $5,400 to $5,900. The short-term outlook remains bullish as long as the price remains above the 30-day EMA at $5,199. However, according to the short-term chart, Bitcoin is likely to fall back to this level in the next 24 hours. A close below the 30-day SMA would increase the odds of a head and shoulders breakdown and a slide to the 50-day moving average, currently at $4,736. The three key resistance levels are $5414 (50-week moving average), $5780 (June 2018 bottom) and $5880 (August 2018 bottom). [2019/5/2]

News| Coinbase’s acquisition of Neutrino caused controversy and announced the dismissal of former employees of Hacking Team: According to CoinDesk, on March 4, Coinbase CEO Brian Armstrong published a blog post stating that Coinbase and Neutrino decided to fire employees who had worked at Hacking Team’s IT start-up company , whether or not they currently have any connection to the startup. On February 27th, Coinbase acquired Neutrino, a blockchain analysis start-up company, on February 19th. However, due to the fact that several key leaders had held important positions in the spyware intelligence company Hacking Team, it caused controversy. Coinbase then responded Saying it has been reviewed does not defend hacking. [2019/3/5]

News | The iOS version of Coinbase will be offline from the Apple App Store: According to Coindesk, employees of the Coinbase exchange recently revealed to Cartified (the company that owns the War Riders game) that the iOS version of Coinbase will soon be offline. The reason is that Coinbase cannot sell a Dapp that facilitates the purchase of digital goods. According to the App Store App Regulations, such apps appear to be violating the "in-app purchase and sale" rules. Apple and Coinbase declined to comment for this story. [2018/8/31]