Plus a marijuana mega-merger and increasing diversity at Allure
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Coinbase Launches New Products to Attract Institutional Investors
  • The popular cryptocurrency trading platform launched four new products Tuesday.
  • One of its new offerings is Coinbase Custody, a storage space for crypto assets that the company built based on feedback from institutional clients, said vice president of finance Eric Scro. 
  • The expansion comes at a time when more players are looking to jump into cryptocurrency trading, including, reportedly, the New York Stock Exchange.
  • Coinbase's announcement was made at the Consensus Conference in New York, where Cheddar also caught up with Ethereum co-founder Joseph Lubin.
 
TOP VIDEOS
As Weed Business Booms, Marijuana Companies Race to Merge
The $2.3 billion merger of cannabis growers Aurora and MedReleaf creates a combined company with 11 production facilities in four countries. The deal is part of an increasing consolidation trend in the pot business, says Cam Battley, the chief operating officer of Aurora.
Flint's Mayor Says Clean Water Is a Moral Issue
Mayor Karen Weaver is exploring legal action against the state of Michigan for its decision to stop providing the city with free bottled water, three years after unhealthy amounts of lead were discovered in the city's water supplies. 
With One Issue, Allure's Editor Boosts Magazine's Inclusivity
The covers of the June issue will feature three Asian women, more than the magazine has had in its entire history. Michelle Lee, Allure's editor-in-chief, has made diversity a priority since she took charge two years ago. 
 
FEATURED HEADLINES
UBER AND LYFT DROP FORCED ARBITRATION
People accusing employees of the ride-hailing companies or their drivers of sexual assault will no longer be forced to settle out of court. Uber made the announcement Tuesday morning, stating that the new initiative will foster "transparency, integrity, and accountability." Lyft followed suit hours later. Read more at USA Today.
FACEBOOK PUTS ITS MONEY WHERE ITS BAD CONTENT IS
The social media giant's budget for content review teams reportedly grew by hundreds of millions of dollars this year, with most of that money going towards hiring moderators. Read more at the Wall Street Journal.
SEATTLE'S NEW TAX ANGERS AMAZON
The City Council passed a new law that forces large companies to pay an additional $275 per employee, per year to fund the city's affordable housing efforts. Amazon said the tax "forces us to question our growth here." Read more at Fortune.
 
 






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