Coinbase

Coinbase To Unite Two Scorned Corners Of The Financial Market

By Mike Cauldwell (https://www.casascius.com/photos.aspx) [Public domain], via Wikimedia Commons There are few things in finance as feared and reviled and misunderstood as high-speed trading. Cryptocurrencies are one of them, even if Michael Lewis hasn’t written a book about them yet. (Stay tuned: One of his muses has weighed in on the topic.) Until now, however, there hasn’t been a way to really piss off the Wall Street dads by combining the two, which is to say trading the highly volatile non-existent non-currencies really, really fast. However, if you load your servers into the trunk and drive them to an office in San Francisco, your dreams of sticking it to the man thusly can be realized. San Francisco-based Coinbase plans to introduce “low-latency performance,” the company said in a b...

Och-Ziff So Messed Up Top Exec. Is Fleeing To The Comparative Calm Of Cryptocurrencies

By AntanaCoins (Own work) [CC BY-SA 3.0], via Wikimedia Commons Eighteen months ago, things didn’t look so good for Och-Ziff Capital Management. There was the bribery—so much bribery!—and the fallout thereof. There was the terrible performance, and the massive redemptions. Oh yea, and there were the early rumblings of a battle for control between firm founder Dan Och and his soon-to-be-designated successor and his son’s former waterskiing instructor, Jimmy Levin. Into this breach stepped OneWest Bank and Merrill Lynch veteran Alesia Haas as the embattled firm’s new CFO. And she helped turn things around. But then Och decided things were going too well and decided to blow up his deal with Levin. And, coincidentally or not, Haas is off to do her CFOing in the apparently more predictable and ...