Coinbase joins Blockchain Common App Jobs initiative

The company will 18 other members like Sia, ZCash and OpenBazaar
02 March 2018   2043

Human resources on the market of blockchain platform is a hot topic lately. Yesterday, on March 1 Coinbase announced its participation in ProofOfWork's job application initiative called Blockchain Common App.

Excited to be part of Proof of Work Common App for those interested in working on open source digital currency protocols.https://t.co/aMmJHMhnIy

 

We are hiring full-time senior engineers to work directly on Bitcoin, Ethereum, Lightning and other protocols.

— Coinbase (@coinbase) March 1, 2018

The main driving point of this initiative is to simplify the process of submitting an application to numerous companies that deal with cryptocurrency and/or blockchain platform. So instead of going from one office to another, ProofOfWork decided to design an HR platform that includes key players on the market and that are always interested in acquiring a qualified specialist as quickly as possible. So, any person can visit the project's website, fill out a Google Form and upon finalization the application will automatically be distributed among the members of the initiative.

Other HR projects related to blockchain platform and cryptocurrency include Enterprise Ethereum Alliance with over 200 members that aims to address Ethereum's scalability and confidentiality issues, and R3 Blockchain Consortium's legal centre that is supposed to train lawyers specifically in the area of crypto and blockchain.

Coinbase to Pay $1M to Users of Collapsed Cryptsy

Acc/ to the plaintiffs' rep. Cryptsy CEO used Coinbase to launder money of exchange's customers, and Coinbase have should stopped this
14 January 2020   115

Coinbase has settled a dispute with customers of the cryptocurrency exchange Cryptsy that has ceased to exist, CoinDesk writes with reference to documents submitted to the court.

According to the decision, Coinbase will transfer $ 962,500 to the benefit of the escrow agent responsible for resolving the class action lawsuit against Cryptsy. Previously, plaintiffs have already managed to sue 11,325 BTC. A hearing will be held on April 17, 2020, at which it will be decided whether to approve the preliminary agreement or amend its provisions if necessary.

Brandon Leidel, representing the plaintiffs in this class action lawsuit, will receive $ 2,500 compensation for the work done. He sued in 2016, accusing Cryptsy CEO Paul Vernon of using Coinbase to launder millions of dollars owned by trading platform customers.

Leidel, a Cryptsy client in the past, claimed that Coinbase was supposed to actively discourage Vernon’s illegal activities. Coinbase referred to the terms of the user agreement that Vernon signed at the time of registration on the exchange. The court, however, ruled that Cryptsy's customers were not affiliated with Coinbase with the same agreement as Vernon.

When companies go out of business, founders flee the country and the amount at issue is relatively small, most plaintiff law firms would decline to pursue the case. We were the only lawyers in the country to pursue a case against Cryptsy or Coinbase, individually or as a class action, and we were able to obtain multiple meaningful recoveries for victims who would have otherwise been left without any recourse.

 

Marc Vites

Lawyer

Lawyer Marc Vites called the Coinbase and Cryptsy litigation “a tricky business.”