NEW YORK —Today Coinbase is listing on Nasdaq. A decade of work and so many people brought us here. This includes every Coinbase employee, focused for years on building a financial system that’s free, fair, and open to everyone. It also includes you, the 56 million people who use Coinbase. And of course, we have to recognize Satoshi Nakamoto, who started it all by introducing Bitcoin to the world in 2008.
We’ve had a number of ups and downs on our way here. Through luck and skill, Coinbase succeeded where many predicted it would fail. We weathered the ups and downs through innovation and keeping our eye on the long term. And along the way, we made cryptocurrency easier to use, introducing millions of people to this new technology. I’m proud of what we have accomplished so far. But we certainly didn’t do all this work just for one day.
Today’s listing is a milestone, but it’s not as important as every new day in front of us. Coinbase has an ambitious mission: to increase economic freedom in the world. Everyone deserves access to financial services that can help them build a better life for themselves and their families. We have a lot of hard work to do to make this a reality.
We’re still in the early days of this industry, but we’re squarely focused on the future, on our mission, and on building the best crypto experiences for you, our community.
Thank you all for your trust and support,
—Brian Armstrong, Co-founder and CEO, Coinbase
A D V E R T I S E M E N T
5th Annual Virtual Earth Day Tech Summit • April 22-24, 2021 • RSVP today using Promo Code: cyberxxi
WASHINGTON ―The wait is finally over for the very end of 2020. The latest lists from Industry of top stories in tech, cyber, and STEM likely will loom much larger in the fog of 2021. Topping the charts for 2020 during National BDPA’s 45th Anniversary year were stories directly and indirectly related to COVID-19, Big Tech, Cybersecurity, and Social Unrest amidst a wider and much deeper ‘Digital Chasm‘ connecting underserved communities with their respective populations during a pandemic.
The Top 25
Most of the top 25 stories highlighted below for 2020 previously were shared with Industry, communities of color, traditionally marginalized communities, and underserved communities inside or on the covers of weekly and monthly publications.
25.Earth Day Tech Summit: BDPA and UDC Earth Day Summits go virtual due to COVID-19. [April 2020 edition of bdpatoday]
24.Digital Divide: 51,000 laptops with Internet services were provided to students in Detroit, MI. [bdpatoday.com]
23. U.S. Naval Academy: Midshipman First Class Sydney Barber becomes the first Black female to lead Brigade of Midshipmen. Upon graduation in May of 2021, MIDN Barber will receive her commission as an officer in the United States Marine Corps. [bdpatoday 11.14.20 ICYMI edition]
22. Zoom: In order to meet exponential growth and unprecedented demand, Oracle is selected as a cloud infrastructure provider for Zoom meetings. [bdpatoday 05.02.20 ICYMI edition]
21. U.S. Navy: LTJG Madeline G. Swegle becomes the U.S. Navy’s first Black female Tactical Air (TACAIR) jet pilot. [July 2020 edition of bdpatoday]
20.NIST: The National Institute of Standards and Technology’s (NIST) Privacy Framework Version 1.0 was released to help organizations identify and manage privacy risk for building innovative products and services while protecting individuals’ privacy. [ bdpatoday 01.18.20 ICYMI edition]
18. COVID-19: Apple and Google partner on contact-tracing technology. [bdpatoday.com]
17.Tesla: Headquarters and Gigafactory moves are heading to Austin, TX. [bdpatoday.com]
16.HPC: Lewis Hamilton wins 7th FIA Formula One championship powered by edge-to-core analytics with high-performance computing (HPC) from HPE. [bdpatoday 11.28.20 ICYMI edition]
15.COBOL: Federal, State, and Local governments call for more COBOL programmers to assist staff with stimulus, relief, and unemployment checks. [bdpatoday 04.04.20 ICYMI edition]
14. Exascale Day!: October 18th is Exascale Day. HPE, JEF, and BDPA welcomed “10 to the 18th power” or “10^18” during Exascale Day Weekend launching a series of supercomputer, HPC, and artificial intelligence (Ai) webinars. [October 2020 edition of bdpatoday]
13.Digital Divide: Best Buy Foundation awards a community grant to BDPA’s Tablets For Teensprogram and regional initiatives. [bdpatoday.com]
12.BDPA2020: National BDPA’s 45th Anniversary, Annual Technology Conference, Diversity Career Fair, I.T. Showcase, Mobile App Showcase, and the annual National High School Computer Competition (HSCC) collectively go 100-percent virtual for the first time in the Association’s history. #BDPA2020 was successfully delivered across all mobile platforms. [August 2020 Special Edition of bdpatoday]
11. USASMDC: The University of Alabama in Huntsville (UAH) and BDPA Huntsville launch a new Cyber Workforce initiative with the U.S. Army’s Space and Missile Defense Command (USASMDC.) [bdpatoday 10.31.20 ICYMI edition]
10. Digital Divide: Microsoft awards $15 million in Community Skills Grants, an investment over three years to fifty (50) Black- and African American-led nonprofits that are working to increase skill development and economic opportunities. The H.O.P.E. Project DMV in partnership with National BDPA’s Greater Washington, D.C. Chapter (bdpadc.org) are one of Microsoft’s grant recipients for 2020. [bdpatoday.com]
9.AFRL: In fiscal year 2021 (FY21), the U.S. Air Force Research Laboratory’s (AFRL) Small Business Technology Transfer (STTR) program seeks to ink new and innovative deals with emerging small businesses and HBCU mission partners to meet or exceed the Department of the Air Force’s (DAF) priorities. [bdpatoday May 2020 edition]
8. Cryptocurrency: Bitcoin’s latest rise in 2020. For the first time in its history, Bitcoin reached $20,000. According to CNBC, the world’s most-valuable virtual currency traded 5.6% higher on Wednesday, December 16, 2020, to a new price of around $20,600, taking its year-to-date gains north of 180%! [bdpatoday.com]
7. SpaceX: The launch of two NASA astronauts aboard the Crew Dragon spacecraft to the International Space Station (ISS) marked the first private spaceflight company to send a crewed spacecraft into space. [bdpatoday June 2020 edition]
6. SolarWinds: Government agencies ‘hacked’ again ― stories from Federal, State, and Local agencies are still unfolding as we venture deeper into 2021. [bdpatoday.com]
5.Wall Street: Nasdaq advances “diversity” as stocks in 2020 across most major indices reached record highs. Nasdaq soon may adopt new listing rules related to board diversity and disclosures. [bdpatoday.com]
4.White House: As the daughter of two immigrants from Jamaica and India, Vice President-Elect Kamala Harris’ historic election breaks several barriers. “All eyes are on Georgia” as the next President of the Senate awaits Georgia’s runoff election results to determine control of the U.S. Senate. [bdpatoday November 2020 edition]
3.Big Tech vs. Uncle Sam: On October 6, 2020, bdpatoday.com featured a story about the House Judiciary Committee’s Antitrust Subcommittee’s release of findings of its more than 16-month long investigation into the state of competition in the digital economy, especially the challenges presented by the dominance of Apple, Amazon, Google, and Facebook and their business practices. On October 20, 2020, bdpatoday.com shared a story from the Department of Justice (DOJ.) DOJ — along with eleven state Attorneys General — filed a civil antitrust lawsuit in the U.S. District Court for the District of Columbia to stop Google from unlawfully maintaining monopolies through anticompetitive and exclusionary practices in the search and search advertising markets and to remedy the competitive harms. In 2021 and the foreseeable future, “Big Tech” will have its day in Congress and the Courts from at least two branches of government. In the pipeline will be renewed battles over Section 230 of the Communications Act of 1934 (at 47 U.S.C. § 230). “Section 230” provides immunity for content providers and website publishers from third-party content. [bdpatoday.com]
2. COVID-19: “All Hands On Deck” for scientists, engineers, physicians, logisticians, STEM technicians, and I.T. professionals. “Digital divides” and “heath desert” challenges across the globe in underserved communities are hampering vaccine distributions as 2020 fades away. [bdpatoday December 2020 edition]
Number 1. Digital Divide and Social Unrest: Black Data Matters, Black Tech Matters, Black Consumers Matter, all lives matter, every student ― #BDPAfuture ― really matters. Founded by Earl A. Pace, Jr. in Philadelphia, PA as Black Data Processing Associates, BDPA was established in 1975 to promote and share awareness across traditionally underserved or marginalized communities of new “Data Processing” careers with related technical job openings in “Computer Science” fields. Today, BDPA’s mission has not waivered.
The pandemic of 2020 coupled with civil unrest across several U.S. cities revealed widening ‘digital chasms’ with news deserts, health deserts, and food deserts in every corner of America leading up to our top stories for 2020. Systemic racism, cultural biases, social discord, oppression from deep within our society’s soul, and gerrymandered redlining transgressions still are shrewdly perpetuated today through outdated laws, discriminatory policies, algorithmic bias, obsolete technology, and dilapidated infrastructures. To this end, our lead success stories feature BDPA, its ICT Industry partners, major corporations, and local BDPA Chapter mission-partners making impact investments to help eliminate “deserts” within digitally divided communities as millions of students, teachers, and parents where forced home; many with little or no access to high speed Internet services. [bdpatoday.com]
In Memoriam
Last October, National BDPA celebrated the life of Vivian C. Wilson, the first women elected to the Association’s chief executive role of National BDPA President.
BDPA Nation also said goodbyes in 2020 to iconic Black Panther star Chadwick Boseman;Dr. George Robert Carruthers, an inventor, physicist, engineer and space scientist; Roderick “Rod” Wesley Flakes, former President, BDPA (Boston) Mass MetroWest Chapter and engineer at Digital Equipment Corporation (DEC); U.S. Supreme Court Justice Ruth Bader Ginsburg; one of NASA’s “Hidden Figures” Katherine Johnson; U.S. Representative John Lewis; Norman Shakespeare, former Vice President of Strategic Planning, BDPA (Boston) Mass MetroWest Chapter; model and restaurateur Barbara “B” Smith; and Charles “Chuck” Yeager, World War II ace fighter pilot and U.S. Air Force quintessential test pilot.
Up Next
2021 has arrived! In May 2021, bdpatoday (ISSN 1946-1429) launches its 15th year to proudly serve more I.T. technicians and cybersecurity professionals, new HBCU Chapters, new student members, and new consumers in every industry. To add your team’s success stories in tech, cyber, and STEM along with new campaigns or press releases, contact our team directly at: info@bdpatoday.org – or – press@bdpadc.org.
NEW YORK— Nasdaq today filed a proposal with the U.S. Securities and Exchange Commission (SEC) to adopt new listing rules related to board diversity and disclosure. If approved by the SEC, the new listing rules would require all companies listed on Nasdaq’s U.S. exchange to publicly disclose consistent, transparent diversity statistics regarding their board of directors. Additionally, the rules would require most Nasdaq-listed companies to have, or explain why they do not have, at least two diverse directors, including one who self-identifies as female and one who self-identifies as either an underrepresented minority1 or LGBTQ+. Foreign companies and smaller reporting companies would have additional flexibility in satisfying this requirement with two female directors.
The goal of the proposal is to provide stakeholders with a better understanding of the company’s current board composition and enhance investor confidence that all listed companies are considering diversity in the context of selecting directors, either by including at least two diverse directors on their boards or by explaining their rationale for not meeting that objective. As part of rationale for the new requirements, Nasdaq’s proposal presents an analysis of over two dozen studies that found an association between diverse boards and better financial performance and corporate governance.
Under the proposal, all Nasdaq-listed companies will be required to publicly disclose board-level diversity statistics through Nasdaq’s proposed disclosure framework within one year of the SEC’s approval of the listing rule. The timeframe to meet the minimum board composition expectations set forth in the proposal will be based on a company’s listing tier. Specifically, all companies will be expected to have one diverse director within two years of the SEC’s approval of the listing rule. Companies listed on the Nasdaq Global Select Market and Nasdaq Global Market will be expected to have two diverse directors within four years of the SEC’s approval of the listing rule. Companies listed on the Nasdaq Capital Market will be expected to have two diverse directors within five years of the SEC’s approval. For companies that are not in a position to meet the board composition objectives within the required timeframes, they will not be subject to delisting if they provide a public explanation of their reasons for not meeting the objectives.
“Nasdaq’s purpose is to champion inclusive growth and prosperity to power stronger economies,” said Adena Friedman, President and CEO, Nasdaq. “Our goal with this proposal is to provide a transparent framework for Nasdaq-listed companies to present their board composition and diversity philosophy effectively to all stakeholders; we believe this listing rule is one step in a broader journey to achieve inclusive representation across corporate America.”
Nasdaq will also introduce a partnership with Equilar, the leading provider of corporate leadership data solutions, to aid Nasdaq-listed companies with board composition planning challenges. Through the EquilarBoardEdge platform, hosting nearly one million profiles and the Equilar Diversity Network, and by leveraging existing services through the Nasdaq Center for Board Excellence, the partnership will enable Nasdaq-listed companies that have not yet met the proposed diversity objectives to access a larger community of highly-qualified, diverse, board-ready candidates to amplify director search efforts.
“This proposal and partnership gives companies an opportunity to make progress toward increasing representation of women, underrepresented minorities and the LGBTQ+ community on their boards,” said Nelson Griggs, President of Nasdaq Stock Exchange. “Corporate diversity, at all levels, opens up a clear path to innovation and growth. We are inspired by the support from our issuers and the financial community with this effort and look forward to working together with companies of all sizes to create stronger and more inclusive boards.”
Through this proposal and other corporate initiatives, Nasdaq seeks to make a positive impact in the global community by leveraging the scale of its operations and client network. In September, Nasdaq announced the launch of its Purpose Initiative, designed to champion inclusive growth and prosperity for all stakeholders. This effort will include the relaunched Nasdaq Foundation and initiatives through the company’s employee volunteerism and philanthropic programs and the Nasdaq Entrepreneurial Center.
Stakeholder Endorsements:
“Successful companies must cultivate diversity to fuel innovation and to thrive in today’s era of ongoing environmental, social and economic change. The technology industry is committed to promoting inclusivity at all levels to ensure that our economy remains robust and innovative. We support Nasdaq’s proposal to advance diversity throughout corporate America.” – Linda Moore, President & CEO, TechNet
“By pushing its listed companies to address racial and gender equity in corporate boards, Nasdaq is heeding the call of the moment. Incremental change and window-dressing isn’t going to cut it anymore as consumers, stakeholders and the government increasingly hold corporate America’s feet to the fire. Nasdaq’s efforts to prod and push its listed companies is a welcomed and necessary first step. With increased representation of people of color, women and LGBTQ people on corporate boards, corporations will have to take actionable steps to ensure underrepresented communities have a seat at the table.” – Anthony Romero, executive director, American Civil Liberties Union
“Diversity of experience, gender, race, knowledge, and perspective means that a company is more capable of seeing the full picture, assessing risk and overcoming challenges with forward-looking, innovative solutions.” – Michael Splinter, Chairman, Nasdaq
“When we embrace diversity, we are better equipped to serve our clients, employees, partners, communities and shareholders.” – Charlene Begley, Director, Nasdaq
“Nasdaq’s diversity proposal marks a transformative moment in a larger movement toward greater representation of women and people of color in the boardroom and beyond.” – Alfred Zollar, Director, Nasdaq
1 – An “underrepresented minority” is an individual who self-identifies in one or more of the following groups: Black or African American, Hispanic or Latinx, Asian, Native American or Alaska Native, Native Hawaiian or Pacific Islander or Two or More Races or Ethnicities.
About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit NASDAQ on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.
