Major US Crypto Exchange Coinbase Appoints New Vice President Dan Yoo

Major United States-based crypto exchange and wallet provider Coinbase has appointed Dan Yoo as its new vice president, industry-focused media outlet Coindesk reported on Sept. 10. At Coinbase, Yoo will be replacing Emilie Choi, previously vice president of business, data and international promoted to its chief operating officer at the company. Yoo will work on Coinbase’s business operations, business and corporate development and the data team. “Not a crypto expert” Commenting on the appointment, Yoo ostensibly said: “Coinbase is a very data-driven company. As part of this role, I’ll be…

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Bitfarms Expands Bitcoin Mining Operations in Québec

With a cool climate and endless supplies of renewable hydropower left over from a time when forestry, pulp and paper, and traditional mining drove the economy, Québec, Canada, has the potential to be a thriving bitcoin mining hub. Québec’s energy agency Hydro-Québec told Bitcoin Magazine that it now provides 668 megawatts (MW) of power to bitcoin miners (which it classifies as “blockchain companies”) and is currently taking proposals for 300 MW more, which will make mining one of the biggest industries in Québec in terms of energy consumption. Bitfarms, a…

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