Former Coinbase exec cancels $1m bitcoin bet, donates $1.5m to charity [btcmanager]

Former Coinbase Chief Executive Officer (CTO) Balaji Srinivasan canceled his $1 million bet on bitcoin (BTC) on May 2 after it failed to reach $1 million within 90 days. Balaji gave $1.5 million to three organizations as part of the…