Category: Crypto
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Introducing Binance.US CEO & President Brian Shroder
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The former Boston Consulting Group principal Brian Shroder with a Harvard MBA, is the CEO of BAM Trading Services Inc. d/b/a Binance.US, the US branch of the Binance Group. In April 2022, Binance.US raised over $200 million in its first external funding round just before the crypto markets collapsed. The…
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Crypto Winter Approaching With Massive Coinbase Layoffs!
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The crypto meltdown continues. Further waves of reckoning swept through the crypto industry, with Coinbase saying it would cut almost a fifth of its staff. The destruction in crypto markets has been broad and deep, with roughly $2 trillion of value having been erased across numerous cryptocurrencies since November 2021.
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Starling Bank CEO Anne Boden Calls Crypto A Threat To Our Financial System!
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Anne Boden, CEO of the Goldman Sachs-backed UK FinTech Starling Bank has doubled down on criticisms of crypto, calling digital currencies a threat to the safety of payment infrastructure. Cryptocurrencies are a threat to the safety of our payment schemes and very dangerous, she said at the Money 20/20 fintech…
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MicroStrategy Holds On To Its “Bitcoin Long” Strategy
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Nasdaq-listed US Software firm MicroStrategy, like Elon Musk’s Tesla, is one of the major Bitcoin players within the Bitcoin segment. The company has a market cap of some $2.7 billion. The company has purchased over 129,000 bitcoins since August 2020. The company, co-founded by CEO Michael Saylor in 1989, first…
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Bravo! Japan Regulates Stablecoins To Protect Investors
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The collapse of the TerraUSD (UST) stablecoin, whose total value swelled to $18 billion before collapsing earlier in early May 2022. Crypto investors lost billions. Japan became one of the first major jurisdictions to introduce a legal framework around stablecoins. Japan’s parliament passed a bill, defining them essentially as digital…
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BaFin Chief Sees No Threat To Financial Stability From Crypto Turmoil!
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The crash of the Terra stable coin is not destabilizing the traditional FIAT financial system, says BaFin chief Mark Branson. However, this could change in the future, when interconnections between crypto and FIAT become tighter, that could happen. The cryptoquake surrounding the collapse of the stable coin Terra had led…