Day: November 2, 2022

Crypto Exchange Coinbase’s Chief Product Officer Steps Down Amid Restructuring

CryptoX – Cryptocurrency Analysis and News Portal The move is part of a restructuring of several of Coinbase’s groups. “In connection with Mr. Chatterjee’s resignation, Coinbase’s product, engineering and design teams are being reorganized within a product group structure under which the leaders of such groups will assume responsibility for Coinbase’s product offerings,” Coinbase said in the filing. Source The post Crypto Exchange Coinbase’s Chief Product Officer Steps Down Amid Restructuring appeared first on CryptoX. CryptoX Portal

Philippines Financial Institution Unionbank Now Provides Crypto Custody and Trading Services – Bitcoin News

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The Union Bank of the Philippines, Inc., more commonly known as Unionbank, announced that the financial institution launched bitcoin and ethereum custody and trading services. The ninth largest bank in the country by assets, Unionbank, will leverage Metaco’s platform Harmonize to pilot the crypto services for clients. Unionbank to Provide Bitcoin and Ethereum Custody and Trading Services via Metaco On Nov. 2, 2022, the Philippines-based financial institution founded in 1981, Unionbank, revealed it is now offering bitcoin (BTC) and ethereum (ETH) services for customers. According to the announcement published on…

Bitcoin mining firm Bitdeer could delay public offering to 2023

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Bitdeer, a crypto mining firm spun off from China-based mining manufacturer Bitmain, may see its public offering on the Nasdaq delayed a year depending on a vote from shareholders of the Blue Safari Group Acquisition Corp.  In a Nov. 2 Securities and Exchange Commission filing, Blue Safari said it will be holding a shareholding meeting before the end of 2022 to vote on whether to extend the deadline of its deal with Bitdeer. The mining firm announced in November 2021 that it had entered into a definitive merger agreement with…

Ripple (XRP) Sits On Key Support; Here Is What Could Happen If $0.45 Fails

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XRP’s price slowed down after showing so much strength as it rallied to a high of $0.55.   XRP could suffer retracement as the price site on a crucial support area, holding the price off from sellers with hopes of a rebound.  XRP’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). The price of Ripple (XRP) showed some incredible price action as the price rallied from a low of $0.3 to a high of $0.55 after the announcement broke out about…

CoinDesk Market Index Adds Convex, Serum, 12 Other Digital Assets

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

BCB078_CROESUS (Jesse Myers): The First 1% of Bitcoin Adoption

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Jesse Myers, also known as Croesus graced us with a second appearance! Our first conversation with Jesse was an absolute pleasure, and he does not disappoint on this outing! We Cover: -Jesse’s decision to reveal his identity -Bitcoin’s cycles and how they continue -Why Bitcoin will 5x in the next 3 years -Yuppie friends update -Why we are still in the first 1% of Bitcoin adoption -Macroeconomic musings -Jesse’s conversation with Michael Saylor ITEMS MENTIONED: -Jesse’s Newsletter ( -Yuppie Elite ( -BCB024…

Crypto Exchange Deribit Suffers Hack, $28,000,000 in Bitcoin, Ethereum and USDC Vanish After Wallets Compromised

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A crypto exchange platform has been hacked to the tune of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and stablecoin USD Coin (USDC). Digital assets exchange Deribit tells its 52,000 Twitter followers that bad actors have made away with $28,000,000 worth of BTC, ETH, and USDC after compromising a crypto wallet. However, Deribit notes that no client funds are in danger and their losses would be covered by the firm’s reserves. The crypto exchange also says that it keeps the overwhelming majority of its customers’ digital assets in…

The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise – Economics Bitcoin News

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The U.S. Federal Reserve introduced another jumbo rate hike on Wednesday, Nov. 2, 2022, by hiking the federal funds rate (FFR) by 75 basis points (bps). The American central bank said on Wednesday that the hike aims to curb inflation and the Fed says “recent indicators point to modest growth in spending and production.” U.S. Central Bank Hikes the Federal Funds Rate by 75bps While U.S. president Joe Biden hosted an event called the “Infrastructure Talent Pipeline Challenge,” the country’s central bank increased the FFR once again by 75bps on…