Crypto World Analysis

2022-11-29 10:55:04 Coinbase strengthens European arm with new hires: Bloomberg

Crypto exchange Coinbase is reinforcing its European senior positions with a series of new hires and promotions, Bloomberg reports. The new hires come after, one week ago, Coinbase shares hit an all-time low.

Crypto.com’s former general manager has come on board as country director for Ireland. The new director of controls in Germany is Michael Schroeder, leaving behind his position at smaller crypto exchange Bittrex as chief compliance and risk officer. In the UK, Elke Karskens is moving from senior director of marketing to regional director.

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2022-11-28 09:34:02 Crypto Firm Spent $600,000 to Create a Half-Elon Musk, Half-Goat Statue

The creators are about to deliver the bizarre statue to Musk’s house in Texas on Saturday (November 26). The cryptocurrency company EGT (which stands for Elon GOAT Token) built an interesting monument of Elon Musk. The statue represents a creature with a goat’s body and the entrepreneur’s head stuck on it.

Twitter’s new owner and the world’s richest man – Elon Musk – is one of the most influential figures of our time, and people often pay attention to his words, even when he talks about crypto. The digital asset firm – EGT – took that affection to another level by creating a bizarre statue of the South African. His 6-foot-tall head is placed upon a 30-foot-long body of a goat while the creature sits on a rocket that is about to head to “the moon.”.

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2022-11-27 09:43:02 Genesis Global Capital investigated by U.S. regulators: Barron's

Genesis Global Capital is being investigated by U.S. state securities regulators, Barron's reported. It's part of a "wide-ranging inquiry into the interconnectedness of crypto firms, Genesis’ connection to retail investors, and whether it or other industry participants might have violated securities laws."

The publication cited Alabama as one of the states that is looking into whether Genesis, among other firms, "enticed residents to invest in crypto-related securities without making the proper registrations." Calls to the Alabama Securities Commission went unreturned, and the company did not respond to a request for comment.The New York Times reported that it had hired investment bank Moelis & Company to explore options.

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2022-11-26 09:36:02 Jump Crypto, Polygon Ventures, GSR contribute to Binance's $1 billion recovery fund

Binance's industry recovery fund, to which it's already contributed $1 billion, has attracted some big names early on including Jump Crypto, Polygon Ventures and market maker GSR. Binance is looking to amass around $1 billion for its “industry recovery fund,”.

The fund was announced last week to help mitigate the fallout stemming from FTX's collapse. Binance's initial commitment of 1 billion BUSD can be verified at the following address. The addresses of other participants will be available in the next week. Binance expects more participants to join soon, with over 150 applications already received. Public addresses must be shared for transparency.

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2022-11-25 16:14:56 Crypto World Analysis pinned « Leading CryptoNews Channel Cryptocurrency Inside Crypto News Onchain analytics Market updates/insights https://t.me/Cryptocurrency_Inside No Subscription Fee Free of Advertising» Open / Comment

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2022-11-25 08:40:03 Block.one and CEO Blumer amass 17% stake in Silvergate

Block.one CEO Brendan Blumer has acquired a 9.3% stake in Silvergate with the Nov. 16 purchase of 2.9 million shares of the company's stock, according to documents filed with the U.S. Securities and Exchange Commission. Block.one, the startup behind the EOS blockchain.

FalconX, the crypto prime broker, resumed use of Silvergate’s payment network after pressing pause on the partnership last week. Although losses over the past week have almost been reversed, shares have declined 49% over the past month amid concerns about fallout related to the collapse of the FTX crypto exchange.

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2022-11-24 14:38:43 Crypto Cup Kickoff: Predict Your World Cup Winner to Share the 500,000 $USDT Prize Pool!

Bybit is giving you a golden opportunity to earn a share of our 500,000 $USDT prize pool when you correctly predict the winners of each stage of the FIFA World Cup 2022!

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2022-11-24 11:45:05 Core Scientific warns of 'substantial doubt' to continue operations, posts $435 million loss

Bitcoin miner Core Scientific will need extra liquidity to keep operations going past November 2023 — and it's facing a steep uphill battle to do so. The miner also posted revenue of $162.6 million in the third quarter, down 0.9% from the previous period.

The company had already warned that it might run out of cash by the end of the year and that it would not make payments in late October. Core's woes reflect the struggles of the industry, which has faced rising power costs combined with decreased bitcoin prices and higher mining difficulty. Compute North has already filed for bankruptcy, while Argo said it was facing negative cash flow.

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