Daily Management Review

Coinbase Creates ‘PAC’ To Fund U.S. Election Spending


07/22/2018


Political action committee at Coinbase comes following the announcement of refurbishing its trading technology.



On Friday, July 20, 2018, Coinbase, an exchange of crypto-currencies, made a filing public whereby revealing that it has created a “political action committee”, in short PAC.
 
The aim of PAC is to raise funds for spending on elections in the U.S. The PAC is a recent development at Coinbase and as of June 30, 2018, the new establishment of the crypto-currency exchange had a nil balance of “raised money”.
 
In the month of May 2018, Coinbase had informed that it was going to refurbish its “trading technology”, while creating a “new suite of services” aimed to grab the attention of “more institutional investors” such as “hedge funds and high-frequency trading firms”.
 
 
References:
reuters.com







Science & Technology

New Security Study Finds Millions Use 123456 As Password For Email Accounts

The Devastating Panama Disease Could Spell Extinction For Bananas

Walmart to hire 4 thousand robot cleaners

Samsung Galaxy Fold: Expensive but fragile

USA and South Korea launch the first commercial 5G networks

Deliveries of AR/VR devices to grow by 54% in 2019

Anti-Stall System Got Activated Before Crash In The Ethiopian 737 MAX Craft: Reuters

Google’s Global Council To Advocate On AI Ethics

US wants to send astronauts to the moon by 2024

Apple shows new entertainment services

World Politics

World & Politics

Foxconn Head Gou Could Run For Taiwan President Election Next January

France opposes EU-US trade negotiations

United States and China to implement trade agreement

Norway's largest party to ban oil production near Lofoten Islands

Estonia's euroskeptics are about to join the government

Eastern Europe wins in double food standards fight

White House Received New Sanctions’ Package For Russia: Bloomberg

EU will stop saving migrants in the Mediterranean