May 16, 2019

Scoop: Coinbase in talks to buy Xapo's Bitcoin custody unit

Illustration: Rebecca Zisser/Axios

Cryptocurrency exchange Coinbase is in talks to acquire the Bitcoin custody business of crypto storage company Xapo, multiple sources tell Axios.

Why it matters: Coinbase has been aggressively working to attract more institutional investors, for whom custody is usually a requirement. It's also facing competition from companies like Fidelity Digital Assets, which we're told had competed for the Xapo deal. Coinbase declined comment.

Go deeper: Coinbase Custody hits $1 billion

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Axios
Updated 44 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Ex-FDA chief: Pence campaigning after COVID exposure puts others at risk — Mark Meadows: "We are not going to control the pandemic"— COVID-19 looms over White House Halloween celebrations.
  2. Health: 13 states set single-day coronavirus case records last week — Fauci says maybe we should mandate masks if people don't wear them — America was sick well before it ever got COVID-19.
  3. World: Italy tightens restrictions — Spain declares new state of emergency.
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Orion Rummler
Updated 50 mins ago - Health

13 states set single-day coronavirus case records last week

Data: Compiled by Axios; Map: Danielle Alberti/Axios

13 states set new highs last week for coronavirus infections recorded in a single day, according to the COVID Tracking Project (CTP) and state health departments. Kansas, Montana, North Dakota and Wyoming surpassed records from the previous week.

The big picture: The pandemic is getting worse again across the country, and daily coronavirus cases have risen in the U.S. for six straight weeks, according to a seven-day average tracked by Axios. The U.S. reported over 80,000 new cases on both Friday and Saturday.

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Fadel Allassan
3 hours ago - Politics & Policy

Senate advances Amy Coney Barrett nomination, setting up final confirmation vote

Photo: Xinhua/Ting Shen via Getty Images

The Senate voted 51-48 on Sunday to advance the Supreme Court nomination of Judge Amy Coney Barrett, setting up a final confirmation vote for Monday.

Why it matters: It's now virtually inevitable that the Senate will vote to confirm President Trump's third Supreme Court nominee before the election, which is just nine days away.

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