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Coinbase Hires Facebook, Twitter Vet As Communications VP

Coinbase has hired a new vice president of communications, the cryptocurrency startup announced Monday.

Rachael Horwitz joins the company from Spark Capital, a Coinbase investor. She previously held high-level communications roles at Facebook and Twitter.

“Incredibly grateful and excited to join Coinbase as the company’s Vice President of Communications,” Horwitz wrote on LinkedIn. “An amazing company with a terrific story to tell. Time to get to work.”

Horwitz told Recode that the size and buzz around Coinbase reminded her of Twitter, which she first joined in 2011. She acknowledged that the role could be challenging, however, given that the public – and even some Coinbase users – is largely mystified by cryptocurrency.

“The range of audiences who are probably reading about this stuff, seeing it in their feeds and seeing it in headlines but don’t totally grasp where we’re at in the history of all this,” Horwitz said. “There’s a huge educational challenge.”

Horwitz is the latest executives to join Coinbase’s ranks in recent weeks.

The firm hired Emily Choi as vice president of corporate and business development in March – strongly hinting that the company was eyeing acquisitions – and Eric Scro as vice president of finance the same month. Tina Bhatnagar joined as vice president of operations and technology in January in order to beef up the startup’s customer service resources.

Image (Asiff Hijri, l; Rachael Horwitz, r) via Coinbase.

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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$40 Million: Digital Asset Holdings Closes Series B Fundraising

Digital Asset Holdings LLC has raised $40 million in a Series B round, bringing the enterprise blockchain startup’s total funding so far to $110 million.

Jefferson River Capital led the funding round, which included new and previous investors.

Digital Asset, founded by Wall Street veteran Blythe Masters, has also hired Clyde Rodriguez, a former Microsoft executive, as chief information officer and chief technology officer for engineering, a newly created position. Rodriguez will join the firm’s executive committee and report to CEO Masters.

Masters, a former top executive at JPMorgan Chase, was an early proponent of using distributed ledger technology to modernize financial services.

In a press release today, she said:

“The addition of Clyde and the closing of our Series B financing position Digital Asset to capitalize on the enormous opportunities we see.”

New hire Rodriguez is also a former co-CTO of Two Sigma Investments with 20 years of experience in enterprise software and cloud development. At Microsoft he formed and led the Azure cloud networking group as general manager. Earlier, he led Microsoft’s Windows division in creating and delivering the first 64-bit Windows client and server operating systems.

Digital Asset, or DA, as it now calls itself (having dropped the “Holdings” from marketing materials), has kept a relatively low profile recently compared to rivals R3 and Ripple. Far from idle, though, the firm’s been building a distributed ledger settlement platform for the Australian Securities Exchange, one of its investors, since January 2016. However, the exchange has yet not committed to using the system, and has given itself a deadline of December to choose whether it will do so or pursue a more traditional upgrade.

Blythe Masters image via the CoinDesk archive

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Ethereum Startup ConsenSys Hires IBM, Oracle Execs in Expansion Push

New York-based ethereum development startup ConsenSys has revealed a number of new hires, including several IBM employees and the former CEO of South Africa’s central securities depository (CSD).

ConsenSys announced today that John Wolpert, former global blockchain offering director, will work to advance the startup’s product and venture efforts. Monica Singer, who left Strate this summer after working for the CSD since the late 1990s, is set to serve as its “Blockchain Ambassador” with a focus on financial markets.

Wolpert and Singer are among the twenty hires unveiled today. The startup also highlighted the new role for Kavita Gupta, who, as reported last month, is spearheading a $50 million venture fund that ConsenSys plans to use to invest in a range of ethereum-focused startups.

Two other former IBM employees have joined the ConsenSys team. Maggie Love, who previously worked for IBM’s Watson Group, will serve as director of strategic initiatives and business development.  Johnny Howle was a member of IBM’s blockchain team up until August and is now the startup’s product designer for uPort, an ethereum-based identity system.

The list of hires includes those coming from a range of companies and organizations that have focused on blockchain in recent months, including professional services firms Deloitte and EY, database giant Oracle and the Chamber of Digital Commerce trade group, among others. Ryan Selkis, CoinDesk’s former managing director, will serve as the startup’s entrepreneur-in-residence, according to the announcement.

ConsenSys has also beefed up its Australia-based office, naming four new developers to its team.

Image by Michael del Castillo for CoinDesk

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at

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American Banker's Marc Hochstein Joins CoinDesk as Managing Editor

Outgoing American Banker editor-in-chief Marc Hochstein has joined CoinDesk Inc., the leading digital media, events and information services company for the blockchain industry.

A 17-year veteran of SourceMedia, Hochstein will serve as CoinDesk’s managing editor, a role in which he’ll be working alongside editor-in-chief Pete Rizzo and CoinDesk’s New York editorial team, while helping lead the media startup’s next phase of expansion.

At American Banker, Hochstein was responsible for some of the earliest mainstream coverage of bitcoin and the innovations it later inspired. His March 2014 feature article, “Why Bitcoin Matters for Bankers,” won a regional award from the American Society of Business Publishers and Editors and was a Neal award finalist.

His hiring comes amid a wave of growth for CoinDesk, founded in 2013, that has seen it become one of the top websites globally due to its dedication to chronicling the evolution of blockchain tech.

“I am honored and thrilled to join CoinDesk to build on the brand’s successes and take the platform to the next level,” Hochstein said. “Bitcoin, cryptocurrency and distributed ledger technology represent a fascinating new market with staggering long-term implications for the future of digital commerce, and CoinDesk has set the standard for editorial quality, sophistication and integrity in covering this rapidly evolving space.”

The move follows a string of hires for CoinDesk, which is rapidly investing to cement its status as the blockchain market’s leader in news, data and information.

Hochstein follows PaymentsSource veteran Bailey Reutzel and Roubini analyst Ash Bennington as the latest to join the company’s New York-based editorial team.

“With Marc’s expansive industry expertise, CoinDesk is poised to enter a new phase of growth, one in which it will truly be able to live up to its distinction as the world’s leading news and analysis website for blockchain,” Rizzo said.

For more information on open roles and opportunities at CoinDesk, visit our jobs board.

The leader in blockchain news, events and information, CoinDesk has been chronicling the technology since 2013. Cited by leading publications and trusted by businesses the world over, CoinDesk’s industry-leading, independent coverage is viewed by millions of readers monthly. Learn more about our brand here.