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WeChat Suspends Xiao Xieyi Third-party Blockchain App

WeChat, a Chinese messaging, social media, and payment application developed by Tencent has suspended a third-party blockchain application that initiates contract agreements by app users, local news outlet Caijing reported May 9.

Coinbase Hires a New Chief Financial Officer

Coinbase has employed the new CFO who was the previous CFO in Oz management and OneWest Bank. Additionally, Coinbase has also tapped various staff from other major organizations this year.